Posts

Do Content Creators and Influencers Need Legal Services?

/in /by

StrategyDriven Online Marketing and Website Development Article, Do Content Creators and Influencers Need Legal Services?Over the past ten years, social media has been a crucial part of marketing, and during the Covid-19 pandemic, this luxury platform has become essential for the economy’s growth.  As people sat at home bored, baking banana bread and whipped coffee, social media became the primary source of entertainment, with apps like TikTok dominating with over a billion active users.

Companies began using the platforms to build their business, through in-app purchases, the app’s algorithms, and live stream functions to advertise their products. As a result, there was a rise to a new form of solopreneurship through content creators.

Unfortunately, due to the blanket immunity offered to internet companies, it’s not unusual for a content creator to be misused by the company, experience plagiarism, or be cyberbullied by other content creators.

Types of Legal Services a Content Creator or Influencer Should Look For

Content creators and influencers have a top need for legal services as they are part of an industry that’s growing alongside the proliferation of social media networks. Working with different businesses and companies which differ in terms and conditions may lead to confusion when commercializing content.  For this reason, social media influencers and content creators should have a lawyer from a reputable law firm like DolmanLaw.com to help protect their growing brand. There are no one-size fits all legal services, but some areas of the law tend to be more relevant than others for content creators and influencers.

Below are the types of services a content creator or influencer should seek from a lawyer:

1. Intellectual Right Protection

Social media content creators have an exclusive opportunity to build an intellectual property portfolio, and by being in the spotlight through their work, one needs to be proactive regarding their intellectual property.

Some of the few areas content creators should pay much attention include:

  • Copyright protects the original workmanship, and the content creator can follow through with litigation against anyone infringing on their rights.
  • Rights of Publicity – This form of intellectual property protects people who are the actual brands; therefore, your image and likeliness cannot be used by a brand without your consent for any commercial activity.
  • Trademark – Content creators and influencers are not only exploited for their names, image, and likeliness but also for their valuable brand. For example, the 1.8 million followers of Minimalist Baker may not be aware of the person behind the account, but they recognize the brand.

2. Contracts to Perform Services

Hired content creators and influencers provide third-party services to promote goods or services. Therefore, an influencer inherently expects compensation for the value added to the third party.

An influencer must ensure there’s a written contract before engaging with a third party for monetary gain to have legal protection in case things go awry. Oral agreements may feel valid but difficult to enforce due to the lack of evidence.

When drawing a contract, have a lawyer present to help you analyze, review, and negotiate each clause. A contract has three main elements, an offer, acceptance, and consideration. Hence, as a content creator, play an active role during the negotiations to understand the parties involved, compensation, exclusivity, licenses, agreed to services, post requirements, breach, and moral clause.


Do Content Creators Need Legal Representation?

Social media may seem all fun, but the laws around it are not, and with new online business opportunities comes more exposure. Having legal counsel on your side will protect your brand and hold anyone legally responsible in case of a breach or harassment.

Content creators and influencers should be cautious about understanding their governing laws related to their profession of posting content for public consumption to avoid lawsuits and giving out misguided information.

What Is The Best Insurance For Your Small Package Shipments?

/in /by

If you have high hopes for entrepreneurial business success then you’re probably thinking of how you could do this. There are so many business ideas out there, and what do you see yourself doing? For many people they’ll opt to sell products. This could be wholesale items, handmade, and the list could go on and on.

If you’re starting a business, you’ll also want to think about the logistics of it, such as shipping. This can include getting insurance from third parties such as www.secursus.com. But before you begin all that, how do you determine the best insurance for shipping packages? How can you feel confident in your choice if it’s something you’re unfamiliar with? Here is everything you need to know!

StrategyDriven Risk Management Article | What Is The Best Insurance For Your Small Package Shipments?

Why should a business owner buy small packages insurance?

Some people might think that it is not worth buying because they only have a few personal belongings that are worth protecting. Package Insurance is one type of insurance that covers packages and shipments up to a certain value. It provides coverage for the shipment against loss or damage in transit and for the goods within the shipment against loss or damage during storage and transport. This type of insurance can help you out in the event that something does happen and you need to replace your items quickly; a lot of business owners need it.

What factors impact the cost of shipping insurance?

An insurance company will charge a different amount for shipping insurance than the one charged by a carrier. The price difference is based on the company’s risk assessment. Some factors that impact the cost of shipping insurance are:

  • The type of goods being shipped
  • The size and weight of the goods
  • The type of service used to ship the goods
  • Whether or not there is a contract between the buyer and seller

If you’re starting out, there may be a chance that it could be expensive. However, you’ll need to keep your options option and look into different providers.


What does small package insurance cover?

As a business owner who creates and sells products, there is always a chance that during transit something could happen to the package. It could get lost, stolen, or even possibly face some type of damage, It’s clearly not ideal, either. This is why small package insurance is needed for business owners. You won’t have to worry about losing money, and you will still be able to keep solid relationships with customers and clients. It’s going to be up to the insurance company and what they’re planning to offer.

The most common types of small package policies include:

  • Insurance on items valued under $500
  • Insurance on items valued between $500 and $1,000
  • Insurance on items valued between $1,000 and $2,000
  • Insurance on items valued between $2,000 and $5,000

However, keep in mind that it will still vary and this is merely an estimate.

Are there any extra fees?

The most common of these is a broker or destination fee, which usually applies to shipments sent by certain logistic companies like FedEx. These charges vary depending on the size of your shipment and your location. If you are shipping something from one company to another company, you might need to pay a broker fee for each shipment as well as a destination fee for each endpoint. It’s all just going to heavily depend.

Getting Insurance or Opening a Bank Account: Which Is a Wiser Choice?

/in /by

StrategyDriven Practices for Professionals Article | Getting Insurance or Opening a Bank Account: Which Is a Wiser Choice?Life can be unpredictable. One day we are healthy, then we’re in a hospital bed the next day. Getting sick, losing your job, or coping with the death of a loved one can be some of the most stressful moments of a person’s life. These situations not only take a toll on your physical and emotional health but also your finances.

That is why we need to prepare for anything that can happen in a snap of a finger. To become secured financially, especially for dire emergencies, you can avail yourself of life insurance with investment in the Philippines. It can mean an additional expense, but it won’t be in the long run. It can be one of the best investments you can ever make for yourself or a loved one.

Saving vs. investing money

A lot of people do not realize the difference between saving and investing. On the one hand, both put your money into good use. The former means you are keeping your wealth for future emergencies. Meanwhile, the latter means you are placing your money in a safe place where it is supposed to grow.

From here, we can already see the difference between the two. You can open a bank account and put your money there as part of your savings. It is easy to access in case of financial emergencies. You can save and save and make it grow over the years.

On the other hand, investing means using your cash into something that has excellent return rates. It can be a risk but can also be worth it, especially if its value doubles or triples over the years and have no money problems in the future. Investing means a lot of things: it can be a real estate property, bonds, stocks, or insurance policies.

Is getting insurance worth it?

You might have encountered an insurance agent encouraging you to get a policy. You might want to hear them out and consider the possible benefits it can give you.

Getting insurance means you pay only the premiums without tax. In other words, there is no tax involved when you pay for your insurance premiums. You have to pay it diligently on the specific periods. It’s like savings accounts, only that most insurance policies offer other benefits, especially in emergencies.

As long as you don’t lay your hands on your insurance payments, then you are good to go. You can choose to withdraw your insurance amount after the premium payment periods are already done. On the other hand, you can let it sit until it becomes mature. Your loved ones will also be secured in case something happens to you (such as an accident or a terminal illness).

When you do decide to get insurance, make sure to check whether you can pay for it religiously. Also, you check the other benefits you can get when availing of a particular insurance policy. It can be an additional expense at first, but you will realize its real value as long as you complete the premium payments in a given period.

How to Manage Risk with Captive Insurance Companies

/in /by

StrategyDriven Risk Management Article |captive insurance companies|How to Manage Risk with Captive Insurance CompaniesInsurance is a complicated, yet important, aspect of any company. It’s what lets companies behave confidently, assured that if they face damages as a result of taking poor risks, they’ll be able to cope. Yet, not all businesses can be covered by traditional insurance companies.

For them, there are captive insurance companies that cover businesses that traditional insurances find too risky. And captive insurance companies manage to do this in a simple, yet effective, way. The business owns the insurance company itself and relies on itself to cover any damage it may endure while operating.

Only large companies can afford to use captive insurance companies, since having one requires having enough money to dole out insurance. For the most part, captive insurance companies are a way to prove that you have the money to make risky plays. And that’s not all they can do for a company.

To learn how captive insurance companies helped large businesses, keep reading below!

Captive Insurance Companies Put You in Charge of Risk

No matter what kind of business you’re in, your company will have to take on a level of risk. Doing business requires that you behave in ways that can cost you more money than you make, and there needs to be some way to recoup your losses. Most of the time, traditional insurance helps you do this.

Yet, there are some kinds of companies that traditional insurance companies don’t cover. These are large companies in risky industries that insurance companies simply can’t afford to cover. Luckily, companies this large usually have enough cash on hand to invest in captive insurance.

When a company invests in a captive insurance company, it is free to behave however it wants. It doesn’t need to follow a policy created by a traditional insurance company. Instead, it creates its own policies and controls how much risk it can take on.

Ensure You’re Allowed to Use Captive Insurance

Not all industries can use captive insurance since they create the possibility to reduce the amount of oversight in companies. Captive insurance companies create the risk that wealthy business owners will create shady tax havens for themselves. They may store money in captive insurance companies to avoid having to pay tax on it.

Using one can land you in severe legal trouble, and you may need to spend more than you save using them. So, talk to a lawyer and make sure your captive insurance company is set up correctly. It helps avoid risk, and that’s what business is all about!

Captive Insurance May Not Be For Everyone

Captive insurance companies are complex businesses that don’t exist outside of larger corporations. When a company gets big enough, it can eventually use a captive insurance company to take on new kinds of risks. Yet, for average business owners, they may not be worth the cost.

Average business owners can keep reading our website instead, to learn how to make the best decisions for their company. We understand the kinds of risks you’re used to taking, and we’ll guide you through it no matter what!

Essentials That Every Business Owner Should Have

/in /by

StrategyDriven Entrepreneurship Article |Business Essentials|Essentials That Every Business Owner Should HaveBecoming a business owner is something that some people stumble upon. On the other hand, some have always known they would own a business one day. Whatever the case, entrepreneurship comes with a significant amount of responsibility that many aren’t often prepared for. There is so much you have to learn to set you on the path to success, and also to ensure you’re protected along the way. While some are business matters, others are legal matters or related to managing people. Here are a few essentials that every business owner should have on that note.

Insurance

As you likely know, starting a business comes with several risks. Aside from failure, you’re dealing with people virtually and physically every day, so you need to be protected from any unfortunate events by having insurance. There are different types of insurance you should have as a business owner, so you’ll need to determine which are most needed. However, some are mandatory, such as employer insurance and commercial business insurance. Some optional ones worth looking into include general liability, product liability, and auto insurance.

A Good Lawyer

As an entrepreneur, you can’t predict if and when a lawsuit will come your way. For this reason, having access to an experienced and talented lawyer is essential. Getting into legal trouble of any kind can affect your personal life, finances, and your brand. When looking for a lawyer, make sure you do background checks and look for legitimate reviews. In case you need suggestions for a good lawyer, take a look at dcwattorneys.com as you’ll find information on practice areas such as criminal defense, mediation and much more,

Savings

As an entrepreneur, having money saved is crucial if you want to have a level of financial stability. You can’t always predict which direction sales will go in, so having a reserve helps. Every month, put a specified amount in your savings account so that you can pull from it on rainy days. As you won’t be getting pensions from your workplace if you’re a full-time business owner, you should also have a retirement plan in place.

A Simplified Employee Pension IRA is ideal if you’re a sole proprietor as it’s easy to manage and annual fees are relatively low. There is also the Individual 401(k) if you want to build your retirement account quickly and have large amounts to contribute.

An Accountant

Unless you happen to be a star accountant on your own, hiring one could be a good investment. The slightest financial mistakes could have a ripple effect on your finances and put you in a bad place. Your accountant can help keep your books in order as well as make sure you’re keeping expenses as low as possible. They should also help you stay up-to-date with your taxes so that you aren’t owing money. When you’re on the lookout for an accountant, make sure they have sufficient amounts of experience and make clear work arrangements to avoid misunderstandings later on.