stock market technical analysis: Insurance for Your Business

The importance of insurance can not be over-emphasized and neither can the danger of paying for insurance you do not need. It is strongly recommended to ask the advice of a dependent business insurance agent. Do not forget to shop. Talk to three or four independent agents and compare notes and prices. Insurance agent will put a huge array of insurance coverage much of which you simply can not have your unique situation will be, and you should carefully consider each insurance element of the comprehensive coverage.

Whatever your final insurance program looks like, it should be reviewed at least every six months your business can change quickly, especially in the first few years and insurance needs change with. Keep your software up to date by calling in your agent and reviewing your coverage. Make changes where necessary.

General liability insurance

This is probably the most important element of your insurance program: General liability insurance provides protection against potential
losses arising from injury or damage to others or their property, just remember some of the big cash awards you read that led to the judicial proceedings of one kind or another, and you can understand the importance of this insurance, your insurance agent can describe the various types of liability insurance are available ; If you can end up with a comprehensive general policy, make sure that the policy does not cover you must not only pay for the insurance. For example, your business may need product liability insurance.

Do not confuse business pataskhanatuutiwnnern coverage with your personal liability coverage that you need. Your personal liability coverage does not cover business-KAYQ.com Check to be certain.

Compare the costs of different levels of coverage. In some cases, the $ 2 million policy costs only slightly more than 1 million dollars. This economy of scale is true for many types of insurance. That is, when a certain value, additional insurance becomes very economical.

KEY PERSON INSURANCE

This type of insurance is particularly important for sole proprietorship or partnership where the loss of one person through illness, accident or death may render the business inoperative or severely limit its activities to this insurance, although not inexpensive, can provide protection in this situation. Key person insurance might also be necessary for others who are involved in your business.

SGC is a small company run by three partners, software programmer, marketer, and General Manager. Their product was a sophisticated computer program that is used to AEROSPACE companies. Al, the programmer, was involved in a serious car accident, became totally disabled, and SGC lost their programming capability. The problem was that the computer program written by Al was the company's sole product; Amendments to accommodate the customer became impossible, and it is time to make another programmer up to speed was excessive: SGC lost considerable business as a result of this situation. These losses can be offset by an important person insurance

Disability Insurance

You, as a business owner should be covered by disability insurance, whether you decide on key person insurance with the insurance business interruption insurance, described below, will help ensure your business will continue to operate, that is unfortunate, where you are unable to work. Your disability insurance policy needs to provide sufficient information on special attention should be paid to the definition of "disability, delay time, up" payments start, when coverage terminates, and adjustments for inflation.

Fire insurance

Fire insurance, like all insurance is complicated, and you need to understand what is and is not covered. For example, a typical fire insurance covers the loss of contents, your losses but does not include the fact that you can be in business for 2 months while your facility is rebuilt. Fire insurance is a must, whether you work in a home office or as a separate item, you should consider a comprehensive policy to your agent. From time to understand the details. For example, the contents can be insured for their replacement value or actual value of the loss.

Consider the co-insurance clause will reduce the cost significantly. This means that the insurance carrier will require you to carry insurance equal to a certain percentage of the value of your property. (Usually around 85%) of this type of item it is very important that you review coverage frequently so you will always meet the minimum percentage of post: If the minimum is not met, the loss will not be paid, no matter what the cost.\

stock market technical analysis

Tuesday, November 6, 2012

Insurance for Your Business

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