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Viewing articles tagged 'businessinsurancerisk'

Building a Financial Buffer Cash as protection.WHAT IT ISMoney set aside for unexpected events and quiet periods.WHY IT... Business Insurance and Risk: Everything That Matters, Briefly The whole category in one page.IMPORTANT NOTEThis is general information, not insurance... Deciding What to Insure Proportionate cover.THE PRINCIPLEInsure what would seriously damage the business.Accept smaller... Digital and Data Risks Technology exposure.WHAT CAN HAPPENA compromised website Loss of customer data Ransom demands... Equipment and Power Risks Local operational exposure.WHAT THREATENS EQUIPMENTPower surges and fluctuation Heat and dust... Identifying Your Business Risks The honest inventory.HOW TO FIND THEMWalk through your business and ask what could stop it,... Keeping Records for Insurance Evidence you will need.WHAT TO KEEPAn inventory of equipment and stock Purchase receipts... Kinds of Business Insurance What generally exists.PROPERTY AND CONTENTSDamage to premises, equipment and stock.PUBLIC... Liability to Customers and the Public Third-party exposure.WHEN THIS ARISESSomeone is injured on your premises Your work causes damage... Making a Claim When something happens.WHAT TO DO IMMEDIATELYMake the situation safe Prevent further lossRecord... Making Sure Your Cover Is Adequate Sums and limits.WHAT TO CHECKWhether the amount insured would actually replace what was lost.THE... Managing Risk in Contracts Where liability sits.WHY IT MATTERSContracts determine who bears which risk.WHAT TO WATCH... Protecting Against Losing Key People Dependence on individuals.WHAT THE RISK ISOne person whose absence stops the business.Frequently... Reading a Policy Properly What the document says.WHAT TO READAll of it, particularly the exclusions.WHY THE EXCLUSIONSMost... Reducing Risk Before Insuring It Prevention.WHY IT MATTERSPrevention costs less than claims, and claims raise premiums.Some... Risks From Customers Not Paying Credit risk.WHAT THE RISK ISWork done or goods supplied, and payment never received.HOW COMMONThe... Risks to Stock and Goods Physical inventory.WHAT THREATENS STOCKDamage Theft Deterioration Loss in transit... Risks You Cannot Insure Against What insurance does not solve.WHAT INSURANCE DOES NOT COVERA business model that does not work... Spreading Risk Across Customers and Suppliers Concentration risk.THE PROBLEMDepending heavily on one customer or one supplier.WHAT THAT... What This Category Covers Read this first.WHAT THIS ISGeneral information about identifying business risk and the kinds of... Working With an Insurance Broker Getting the right advice.WHAT A BROKER DOESEstablishes what you need Finds cover from the market...

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