Insuring Business Through Personal Investments

Getting an insurance policy for your business is crucial, even if you have to use your personal investments. You never know when a natural disaster or a catastrophic event will occur, and if you aren’t covered it can be detrimental to your business. Here are four tips on the different types of coverage you can get to insure your business.

Find the Right Type of Coverage

The first thing that needs to be done to get your business insured is to take out a business owner’s policy. This type of policy covers virtually every type of liability and gives your business general  protection against such things as property damage or business lawsuits.  It’s generally recommended that you get at least a $1 million policy for liability coverage. After you get your business owners’ policy there are several different types of “extra” coverage you can choose from, such as automobile, earthquake, or flood. Choosing the right type of  coverage depends on the risks that are associated with your business’s  location, practice, industry, etc. You may also want to think about  getting business-interruption insurance, which protects against any loss  of income that may happen as you rebuild your company.

Find a Good Agent

It may take several tries for you to click with an agent, but finding  a good broker that you feel represents you and your business well is  important. Make sure that your agent manages your business insurance  policy appropriately, and thinks broadly of what your needs are. It is  also critical to find an agent who is good at analyzing your business’s vulnerabilities and predicting any future exposures to different risks. You can find great agents by asking other businesses in your industry or  business groups for their referrals. Keep in mind that different  agencies specialize in different areas of insurance, so make sure to  choose on that fits your business.

Don’t Wait to Insure Your Business

It can be hard to justify spending your personal investments on your  business’s insurance, but as your company expands, it is important that  you become more aggressive about protecting your business. Anytime there  are major changes in your business you should review your insurance.

Spending More Results in Spending Less in the Long Run

If you have a small business, it is understandable if your budget for  insurance is small. However, it is often the case that when you spend  more initially for insurance, you end up spending far less in the long  run. With business insurance, there are several payments that must be  made (including premiums and deductibles) but these combine to make a  lower investment.

119 Responses to Insuring Business Through Personal Investments
  1. Health and Fitness
    April 22, 2018 | 2:00 pm

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  2. Health and Fitness
    April 22, 2018 | 2:32 pm

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    April 22, 2018 | 5:25 pm

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    April 22, 2018 | 5:40 pm

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    April 22, 2018 | 8:06 pm

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    April 22, 2018 | 10:30 pm

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    April 23, 2018 | 12:20 am

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  10. Network Communications Manager
    April 23, 2018 | 2:39 am

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  11. Auto Company
    April 23, 2018 | 2:39 am

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    April 23, 2018 | 3:06 am

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  13. Health and Fitness
    April 23, 2018 | 6:21 am

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  16. Health and Fitness
    April 23, 2018 | 11:53 am

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    April 23, 2018 | 12:03 pm

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  18. Health and Fitness
    April 23, 2018 | 1:30 pm

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  19. Health and Fitness
    April 23, 2018 | 1:55 pm

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Leave a Reply


Wanting to leave an <em>phasis on your comment?

Trackback URL http://mynextbuck.com/insuring-business-through-personal-investments/trackback/

Insuring Business Through Personal Investments

Getting an insurance policy for your business is crucial, even if you have to use your personal investments. You never know when a natural disaster or a catastrophic event will occur, and if you aren’t covered it can be detrimental to your business. Here are four tips on the different types of coverage you can get to insure your business.

Find the Right Type of Coverage

The first thing that needs to be done to get your business insured is to take out a business owner’s policy. This type of policy covers virtually every type of liability and gives your business general  protection against such things as property damage or business lawsuits.  It’s generally recommended that you get at least a $1 million policy for liability coverage. After you get your business owners’ policy there are several different types of “extra” coverage you can choose from, such as automobile, earthquake, or flood. Choosing the right type of  coverage depends on the risks that are associated with your business’s  location, practice, industry, etc. You may also want to think about  getting business-interruption insurance, which protects against any loss  of income that may happen as you rebuild your company.

Find a Good Agent

It may take several tries for you to click with an agent, but finding  a good broker that you feel represents you and your business well is  important. Make sure that your agent manages your business insurance  policy appropriately, and thinks broadly of what your needs are. It is  also critical to find an agent who is good at analyzing your business’s vulnerabilities and predicting any future exposures to different risks. You can find great agents by asking other businesses in your industry or  business groups for their referrals. Keep in mind that different  agencies specialize in different areas of insurance, so make sure to  choose on that fits your business.

Don’t Wait to Insure Your Business

It can be hard to justify spending your personal investments on your  business’s insurance, but as your company expands, it is important that  you become more aggressive about protecting your business. Anytime there  are major changes in your business you should review your insurance.

Spending More Results in Spending Less in the Long Run

If you have a small business, it is understandable if your budget for  insurance is small. However, it is often the case that when you spend  more initially for insurance, you end up spending far less in the long  run. With business insurance, there are several payments that must be  made (including premiums and deductibles) but these combine to make a  lower investment.

119 Responses to Insuring Business Through Personal Investments
  1. Health and Fitness
    April 22, 2018 | 2:00 pm

    Very interesting information!Perfect just what I was searching for! “Music is a higher revelation than philosophy.” by Ludwig van Beethoven.

  2. Health and Fitness
    April 22, 2018 | 2:32 pm

    I really appreciate this post. I have been looking all over for this! Thank goodness I found it on Bing. You’ve made my day! Thank you again!

  3. Womens Clothing Online
    April 22, 2018 | 5:25 pm

    Thanks a lot for sharing this with all people you actually recognize what you are talking about! Bookmarked. Kindly also seek advice from my site =). We may have a hyperlink trade agreement among us!

  4. Graphic Design Online
    April 22, 2018 | 5:31 pm

    Great awesome things here. I¡¦m very satisfied to look your post. Thanks a lot and i am having a look ahead to contact you. Will you kindly drop me a mail?

  5. Venture Capital Returns
    April 22, 2018 | 5:40 pm

    Hello.This post was extremely remarkable, especially because I was looking for thoughts on this topic last Wednesday.

  6. Culinary Restaurant
    April 22, 2018 | 5:48 pm

    What i do not realize is in reality how you’re not actually much more neatly-liked than you might be right now. You’re very intelligent. You already know therefore significantly in terms of this subject, made me personally consider it from numerous varied angles. Its like women and men are not interested until it¡¦s something to do with Lady gaga! Your own stuffs excellent. All the time maintain it up!

  7. Health and Fitness
    April 22, 2018 | 8:06 pm

    As I website possessor I believe the content material here is rattling fantastic , appreciate it for your hard work. You should keep it up forever! Good Luck.

  8. Health and Fitness
    April 22, 2018 | 10:30 pm

    Very well written article. It will be useful to everyone who usess it, including myself. Keep doing what you are doing – looking forward to more posts.

  9. News
    April 23, 2018 | 12:20 am

    I truly enjoy looking at on this web site , it has great content . “Those who complain most are most to be complained of.” by Matthew Henry.

  10. Network Communications Manager
    April 23, 2018 | 2:39 am

    I don’t even know how I ended up here, but I thought this post was good. I don’t know who you are but definitely you’re going to a famous blogger if you are not already 😉 Cheers!

  11. Auto Company
    April 23, 2018 | 2:39 am

    Thanks for some other informative web site. Where else may I get that kind of info written in such an ideal way? I have a mission that I’m simply now operating on, and I’ve been on the look out for such information.

  12. Entertainment Speakers
    April 23, 2018 | 3:06 am

    Great paintings! This is the kind of info that should be shared around the internet. Shame on Google for no longer positioning this publish higher! Come on over and visit my site . Thanks =)

  13. Health and Fitness
    April 23, 2018 | 6:21 am

    Pretty nice post. I just stumbled upon your weblog and wished to say that I have really enjoyed browsing your blog posts. After all I will be subscribing to your rss feed and I hope you write again very soon!

  14. Shu Jakubik
    April 23, 2018 | 7:08 am

    HiHello there, I foundI discovered your blogwebsiteweb sitesite by means ofviaby the use ofby way of Google at the same time aswhilsteven aswhile searching forlooking for a similarcomparablerelated topicmattersubject, your siteweb sitewebsite got herecame up, it looksappearsseemsseems to beappears to be like goodgreat. I haveI’ve bookmarked it in my google bookmarks.

  15. Health and Fitness
    April 23, 2018 | 10:23 am

    Hi, i think that i saw you visited my website thus i came to “return the favor”.I’m trying to find things to enhance my site!I suppose its ok to use some of your ideas!!

  16. Health and Fitness
    April 23, 2018 | 11:53 am

    Super-Duper blog! I am loving it!! Will come back again. I am bookmarking your feeds also

  17. News
    April 23, 2018 | 12:03 pm

    Very interesting information!Perfect just what I was looking for!

  18. Health and Fitness
    April 23, 2018 | 1:30 pm

    I went over this web site and I think you have a lot of wonderful info, saved to favorites (:.

  19. Health and Fitness
    April 23, 2018 | 1:55 pm

    You have brought up a very superb details , thankyou for the post.

Leave a Reply


Wanting to leave an <em>phasis on your comment?

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