When assessing your property and liability insurance needs, the goal is to have adequate coverage. In regards to property insurance, you should know the value of the property. This includes what you paid for the property and what it would cost to have the property replaced if it were damaged. If you plan to enter a contract with a lender for the property in question, be sure to find out how much insurance will be required to maintain the agreement.
When choosing liability insurance, consider the skill of your employees. A business that employs highly skilled individuals as opposed to recent high school graduates will need more liability coverage. A sole proprietorship business will need more coverage than a corporation. Find out the legal minimums of coverage by contacting your agent or state insurance commissioner.
I’m always interested in your questions and replies. ~Moderator Mel
Join our small community for expert insights, insider tips, and the industry knowledge you need to see your small business grow.Get Started Become A Member
Now that you’re a member of the community, spice up your profile by adding photos, a custom avatar, information about your small busines, and much more.View Profile
There are no recent discussions
Ways to Make Your Search More Accurate
Most of the time, you just want to find content that has a particular phrase. Here are the easiest ways to find the content you want.