Published April 4th, 2008
Many home-based business owners are surprised to learn that their homeowners’ or renters’ policies do not cover most aspects of their home-based business. It’s important to remember that it only takes a single catastrophe or lawsuit to completely shutdown a business, leaving its owners in financial ruins. So, it’s best to be prepared for the unforeseeable with the proper business insurance coverage.
What type of insurance coverage is needed?
In order to make sure that you business is adequately covered, you’ll need to consider all aspects of it. Consider the following questions:
1. Will you be using a vehicle for... Read more
Tags: home based business, home based business insurance coverage, home office, small business insurance, Starting a Business
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Published January 31st, 2008
Imagine if the Managing Director of your company suddenly developed a serious illness, or worse still, died suddenly. Or the CEO or founding partner was in the same situation. How would your company cope? Would you be able to continue trading easily, or would this impact heavily and adversely on your business as a whole? If it’s the latter, don’t worry - you’re not alone, and this is why insurance companies offer key man insurance cover.
What is Key Man Insurance?
Ideal for businesses both small and large, key man insurance offers invaluable financial cover for the employees that the... Read more
Tags: danny brown, insurance, insuring your business, key man insurance, small business insurance, tips
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Published January 18th, 2008
Liability insurance coverage is vital for all small businesses. Operating any type of business without appropriate and sufficient insurance coverage is a serious error in judgment that can have dire financial consequences for both the organization and its owners. The peace of mind that comes from knowing that you are protected from lawsuits is well worth the small price of liability insurance premiums.
Liability insurance protects companies in the event they are sued by customers or employees asserting that the actions of the organization caused harm to them. Some small business owners feel that there is no way they will... Read more
Tags: advice, Carrie Hinkel, insurance, liability insurance, protecting your business, small business insurance
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Published December 13th, 2007
Just like insurance for your home or car, small business insurance is one of those things that you know you need to have, but hope you never have to use it. For a small business especially, having insurance can mean the difference between staying in business or losing your business altogether.
Unlike home insurance, however, there are two main types of insurance required for businesses, regardless of size. Depending on your business needs and size, there are also more specialized types that are available, so you need to make sure you’ve got the right business insurance for your requirements. The... Read more
Tags: advice, danny brown, insurance, small business, small business insurance, tips
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Published October 31st, 2007
Insurance is a part of risk management. You are basically keeping one step ahead and making necessary steps in order to overcome some type of damage to your business that will result in a loss. You are preparing your business for the chance that it could be robbed, burned down, flooded, or even for lawsuits; however, with small businesses, there is often the need to look at what insurance will be the most important because of the sheer expense, which many businesses simply can’t afford. While insurance can be very complicated, and a lot of it really depends on your... Read more
Tags: insurance, small business insurance, Starting a Business, startups, types of business insurance
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