There is a great primer on business insurance that appeared in the Boston Globe this week, sponsored by Rockland trust and written by Wayne Taylor :. First rule of insurance: do not run the risk of being protected. Taylor notes: "For a small or medium enterprise, are not protected for losses not covered could mean the difference between survival and failure"
The article provides a good overview of the basics. insurance companies, as well as blankets that are unique to specific industries
We are delighted that the article includes comments from a member of our Renaissance Alliance :.
"Many small businesses have a unique set of risk exposure that large companies do not always," said Jeffrey W. Helm, president and founder of Advisors insurance Agency Atlantic, Inc., Norwell. "Often the small business owner is the one who is to empty the wastebaskets and start computers in the morning as well as sales calls and strategic business decisions.
"What happens if this key player is injured or becomes ill? The company may not have still a lot of savings in the bank, or access to a large line of credit. Having disability insurance, for example, or overhead expense insurance company can help provide a temporary income stream so that the company continues to operate and meet its financial obligations. "
L the article suggests brushing on "language of insurance" and find professional advice. two excellent resources for learning more about insurance
- the national Association of commissioners insurance (NAIC). - insurance Small business 101
- insurance Information Institute - business insurance
as a business insurance advisor - if your company is in New England, you can not do better than a Renaissance Alliance member of the independent insurance agency - although near you
0 Komentar