We all like to think we live in a world where nothing bad ever happens. Up until 9/11, there had been occasional events the government called home-grown terrorist attacks. You may remember Ted Kaczynski who achieved notoriety as the Unabomber, sending out bombs through the mail for some twenty years, and Timothy McVeigh who was responsible for the greatest loss of life through the Oklahoma City Bombing. These are rare individuals who become unhappy with the way things are and resort to extreme measures.
You are one of the honorable business entrepreneurs that the government is trying so hard to encourage. You work diligently to keep your company running in the black. You are proud about what you and your employees accomplish each week, and at the end of the year. You act responsibly and have a small business insurance policy. You make sure there is no lapse in coverage by paying on time, but do you know if you have a lapse in coverage because you policy does not completely protect your business.
When hiring new employees, it is important to make sure you get the right person for the job. Your business reputation is your bottom line. Whom you hire represents your company to the public during operating hours and after work. Your choices can cost you your profits and make small business insurance more expensive.
No matter what your view on the reality of climate change or global warming, you cannot deny the present crisis in the farming industry which is facing one of the worst droughts for decades. This is putting sudden pressure on Washington and has implications for all of us. The Common Crop Insurance Policy has been an essential part of the safety net for farmers. Despite the GOP’s strongly asserted resistance to “Big Government” the subsidies and federal insurance program is seen as essential to maintain voter support in the farming states.
Business insurance is about protecting your livelihood, your hard work, and your dreams of success. So much of what we do in our businesses is done using technology. Technology allows us to handle payroll, track clients, follow sales progress, schedule production and more. With cloud technology, many small businesses no longer keep in-house systems or systems managers to handle the computing. The data storage is outsourced. Out sourcing allows for greater access via smart phones, tablets, and laptops. The office is virtual, and connected from just about anywhere for greater productivity. Therein lies the problem.
In order to ensure that your company’s physical assets are protected, your small business insurance must address property coverage. Although business property insurance isn’t a mandated requirement for owning a business, it’s still a smart idea to limit your vulnerability by purchasing a policy which addresses this need. It’s not uncommon for a good insurance policy to mean the difference between the life of a business or its untimely demise.
Different Coverage Levels
Continue reading “Business Insurance for Property Protection”
If there’s a problem at your physical business location, a certain type of small business insurance called “Business Interruption Insurance” may help protect you against the possibility of lost income. Business interruption insurance can help mitigate losses which are not typically covered by standard property insurance policies. Including this extra coverage can really make a positive impact in the event of the unexpected, and may mean the difference between the life and death of your business.
Not purchasing small business insurance coverage for your investment could lead to disaster. Yet, with all the options for coverage out there, how do you know you’re making the smart purchase? Business owners have to make sure they’re protected. Here are a few tips which can help you get the right combination of rates plus coverage.
Starting a new business is an exciting time, full of optimism and hope for the future. But, it’s also an extremely busy time– it seems like there are thousands of things to do, one hassle after another. Thinking about small business insurance isn’t fun, but it is necessary. Even though you’re thinking positively and hoping for the best, you need to make sure you’re covered if anything goes wrong. Here are some tips to help you get your small business insured.
Every business needs to be insured. Not only is it the law, it’s an important way of protecting yourself and your company. But there are so many different types of insurance out there that it can be difficult to figure out what you need. Here is a guide to some of the different types of business insurance that are available.