Business Insurance
What is 'Business Insurance' ?
You insure your business in the event of a business loss.
The loss could be related to theft, vandalism, property damages or lawsuits.
The loss could also be a business partner, key staff member, loans or surety.
Questions to consider:
- Do you have a Business Financial Plan?
- Have you made provision for your overheads to be paid in the untimely event that you cannot generate income?
- That one or two key personnel in your company, have you made provision in the event if they are not able to continue in their duties?
- Do you have business partners? What would be the implications to the partners if one of them would become totally disabled or pass way?
- When last did you review your Buy and Sell agreement and linked insurance?
- Have you made provision in the event that your Buy and Sell would be part of your personal estate?
Your employees:
- Do you have a benefit scheme for them?
- Do you assist them for their retirement?