Friday, November 30, 2012

Protecting Your Business With The Right Kind of Insurance

If there’s one thing you can do as a business owner to minimize the sleepless nights, it’s ensuring you've got the right level of insurance. 

Nobody likes to think all their hard work might go up in smoke or be washed away in a flood. Unfortunately, it can and does happen. Choosing the right insurance cover will allow you to pick up the pieces and resume operations with minimal financial loss and disruption to business should such an event occur. 

There are a few simple ways you can work out what kind of insurance is right for your business. Ask yourself the following questions: 

  • What is the most catastrophic event that could befall my business? 
  • What is the most likely adverse event we’re likely to encounter? 

Each business has its own inherent risks.  Don't roll the dice when it comes to your business. 

The answers will be very different according to what kind of business you run and where you’re located. If you sell outdoor furniture, the worst case scenario may be all of your merchandise getting destroyed in a warehouse fire. You’ll definitely want Property Coverage, which insures you against damage to buildings, contents and stock caused by fire and other perils. 

Conversely, if your run a website design business based in a small office space, you may find Property Coverage less critical. What you will need is Computers and Electronic Coverage, which insures you against theft, accidental damage, breakdown, fire, and business interruption.

This was a guest blog from Belinda J Darling. To learn more about how you can protect your business with the right insurance coverage, contact the experts at