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Tips to Keep Your Employees Motivated this Summer

I fondly remember the excitement when school was almost out and you couldn’t wait to hear Alice Cooper sing, “School’s out for summer!” It was a great feeling knowing that the next few months you didn’t have the responsibilities of school, you could sleep in and spend your time having fun with friends and family.

Unfortunately, there is no classic song saying, “Work’s out for summer.” Sure, most employees take a vacation for a few days or a week, but they no longer have those summer months to relax and rejuvenate. It’s only natural for employees to relish in the…


Solar Power – How Operating Leases Help the Switch

There continues to be a strong push for renewable energy and, in recent years, schools across the United States have installed solar panels on their rooftops or elsewhere on campus. In addition to big names such as the University of Arizona, Princeton and Yale, more than 3,000 K-12’s have installed solar as well. Not only is this a great “green” initiative, but it also helps educational institutions reduce their massive utility costs.

Studies of the solar energy market show that larger systems earn a bigger return on investment which means large institutions, such as schools, have the biggest opportunity to…


We’re ALL in the People Business

I must admit, I like a good country music song. It takes me back to a more innocent, simple time of my youth working on farms, with my hands, learning how to be part of a team. One of my favorite country singers is Tim McGraw and I love his song, ‘Humble and Kind.’ The song tells us to, “Hold the door, say please, say thank you; don’t steal, don’t cheat, and don’t lie; I know you have mountains to climb but always stay humble and kind.”

These lyrics remind me that…


Financial Planning for Business Owners

For small business owners, it is easy to be so involved in the day-to-day operation of the company that they lose sight of thinking about themselves and their personal financial future. The business is likely an owner’s largest asset, so it’s critical to create a plan that will lead to both future success for the business and the business owner for when they decide to leave or retire. Creating this plan in advance can help business owners put themselves on a path to financial security.

Create a succession plan.

As a business owner, it is important to create a succession plan…


Hospitality Lending at Univest

As temperatures start to rise, thoughts turn to spending time at the shore. Maybe you’ve already made hotel reservations and are daydreaming about your favorite restaurant. For us lucky individuals who get to work out of Univest’s Ocean City location, we start to hear from some long lost colleagues about setting up time to “visit” us during the summer (usually on a Friday). Since the Ocean City lending team has spent our entire careers at the New Jersey shore, we have been exposed to an abundance of hospitality lending which encompasses hotels, restaurant and bars.

Currently, the hospitality industry accounts…


Is Your Business Protected from Cyber Threats?

As business becomes increasingly digital, there are new threats that business owners need to be prepared for. As companies experienced losses and damages due to computer viruses, data breaches, malicious hacking, and other cyber crimes, the industry responded with insurance policies tailored to cover the costs related to these exposures.

What is Cyber Liability Insurance?

Cyber liability insurance is a newer coverage that has evolved from the digitization of business in the 21st century. Cyber liability insurance generally covers your business’ liabilities for a data breach or cyber crimes involving sensitive customer information, such as Social Security numbers, credit card…


What To Do About Increasing Interest Rates

We have been saying since 2008 that you should expect interest rates to rise. Well, that time is finally here. Interest rates are not only higher today, but are forecasted to continue to rise. While there have already been increases, there are still things you can do as a business owner to mitigate the impact of higher interest rates.

Review your capital expenditure and expansion forecasts – If you’ve been holding off on any significant capital expenditures, now is a good time to lock in a long-term interest rate before further increases and while banks are aggressively seeking opportunities to…


Transparency is KEY for Employee Engagement

Transparency is one of those buzzwords you constantly hear in regards to the workplace, but does your company really have a transparency culture? Does the leadership walk the walk or is it just talk?

Transparency is a particularly hot topic right now because of the changes in society and the trends in human behavior. Transparency = real people, real leaders and real companies (ones we want to work for and do business with).

A lack of transparency in the workplace can have many negative effects including employees who don’t trust their employer and disgruntled workers who continuously question the company’s decisions….


Is Your Business Protected from Employee Lawsuits?

Media headlines today are filled with claims of sexual harassment and discrimination. In the last 20 years, employee lawsuits have risen more than 400% with wrongful termination suits up more than 260%. Today’s employers are more likely to be sued by an employee than to experience a fire at their facility.

Most companies purchase property, general liability, auto, and workers compensation insurance to protect their assets from direct loss and third party claims and to comply with statutorily mandated coverage. Considering today’s business environment, an additional critical insurance protection to consider is Employment Practices Liability Insurance (EPL). This coverage protects an…


Building Your Real Estate Portfolio? Don’t Get Scammed

Can you imagine going to close on the new building you’re purchasing to expand your business or an investment property to start your real estate portfolio only to learn that your down payment and/or closing funds have disappeared? It’s hard to imagine, but it’s happening now more than ever. Hackers are infiltrating just about every industry at an alarmingly fast rate and scams are now prevalent in the real estate industry targeting money being transferred during the closing process of a real estate transaction.

This type of scam is known as wire transfer fraud. While scammers use various methods like…

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