Insuring a business. Where do you start?
Two of the most common questions I receive from business owners or managers about insurance for their business are
- what do I start with? and
- what are the main types of insurance cover I should consider?
What do I start with?
Always start by identifying the assets of the business that you or the business could not afford to replace should they be destroyed in a fire, storm etc such as buildings, plant & business equipment, stock and off course the income the business produces.
On far too many occasions I see business owners who are more concerned over whether they have a laptop computer worth $2,000 insured and they have not insured their business against loss of income following a fire, storm etc that could cost them hundreds of thousands of dollars or even their entire business if they are out of action for too long!
What are the main types of insurance cover I should consider?
Well, there are quite a few and the hard part for a business owner is that they are not all available from every insurance company.
This is why I recommend every business owner use the services of an insurance broker or insurance adviser.
Brokers or advisers have access to insurance products from various insurers so they can assist you to identify the risks your business faces and arrange insurance cover to protect the business from these risks.
Want some more information?
To assist further with these common questions I have made available as a free download preview of the first 2 chapters of my book, Risk Your Business Risk Your life.
These 2 chapters will give you some more detail to help you answer these commonly asked questions.
To download your free preview please click on the link below:
Free preview of Risk Your Business Risk Your Life by Tony Bourke.
Help me get this information to all business owners.
If you know business owners who could use this information and the free download of my book I would be grateful if you can pass this information on to them. My goal is to get this information to as many business owners as possible.
The complete book is now available in all good book stores including Dymocks and Angus and Robertson as well as on line bookstores including Amazon.com.
10% of the sale price of this book goes to helping provide funds to assist those living with and research to find a cure for Alzheimer's disease and other dementia's.
Thanks
Tony Bourke
