The top five mistakes most business owners make when purchasing insurance:

• Not Reading your insurance policies
• Assuming your agent or broker has read the policy
• The Belief Insurance is a commodity like alcohol, food or sheets.
• Making a purchase of your business insurance from a frequent customer, relative or friend of you or your business.
• Not managing you risk on an ongoing basis.

First Mistake: Not reading your insurance policies Insurance contracts are unique in that they are ...
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When you own and operate a small business, you need to be responsible and accountable for it. You may be operating it with utmost care and give your employees and your customers the best quality and services but some will still see it as you're doing something wrong. It is only practical to get small business liability insurance in order for you to be protected just in case something you don't want to happen actually happens. By learning what all successful business entrepreneurs are aware of, ...
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If you're in engineering, you've probably encountered plenty of situations in which you're required to carry some level of insurance. Maybe you run a small engineering consultancy with a few employees, or perhaps you're a solo professional engineer. Either way, you might wonder why all that coverage is needed.You already know the deal: If the developer says you and your engineers need insurance, you have to get it in order to get the job. However, in virtually all cases, getting the required ...
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If you're in the management consulting business, you probably have clients that require you to carry some level of insurance. Maybe you run a small firm with a few employees, or maybe you're an independent freelancer. Either way, you might wonder if you'll ever actually use all that coverage. If your client says it's necessary, you will need to obtain professional liability insurance if you want to secure the job. The good news is that getting the required insurance coverage can be both ...
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In today's litigious society, it is important to protect yourself, your assets and business with insurance. Takeaway insurance is a necessary expense, particularly when you own a restaurant, fast food place or other food establishment, especially when it comes to food that people can take with them out of the place or even have delivered to their home. Definition Takeaway insurance is a type of insurance policy for business owners who own a takeaway business. What this means is if you own an ...
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What is the best way to shop for insurance? Although many options exist, from basic pavement pounding, to phoning, to emailing individual companies, there are two preferred methods to handling this arduous task. Step 1. If you already have insurance with a company, the best way to save on additional coverage would be to consult your agent. Most of the time, your agent can give you deep discounts for having multiple policies. For example, if you have homeowner's insurance, adding an auto ...
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The majority of people who start up a business want to define an exit strategy. No-one intends to work until the final days before they die. Even if they want to go for something long-lasting to pass on to their children, there has to come a time when they retire, put up their feet and enjoy a few years of peace. Most surveys find around two-thirds of all business owners hope to retire within the next ten years. To make this practical requires a mixture of financial planning and retirement ...
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Clients purchase insurance in order to protect things they love and to protect their assets by limiting their risk. Too often clients make quick insurance decisions based on immediate needs. Decisions about insurance coverage should be made based on facts, figures and information. When accidents, life's mishaps or illness occur, the security offered by a full service insurance broker is one benefit of a well-managed insurance portfolio. Policyholders who treat insurance seriously want to be ...
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