Safeguard your Business with insurance policies

Safeguard your business with insurance policies Find a reliable and trustworthy insurance agent or broker: Ask your close mates and business partners or friends to suggest some names. SEARCH Search online for good and loyal insurance broker. If he is a valid broker or agent with the proper license. Check if any complaint is registered against Complaints him. Know well about the service he is going to provide. What do you need to cover: The answer to that question depends on exactly where you operate your business and what you do, but consider covering the following: ANY PRODUCTS ANY WORKERS YOUR YOU'RE SELLING. YOU EMPLOY ON EQUIPMENT. THE PREMISES. POTENTIAL VALUABLE DATA. YOUR RISK OF BUSINESS DOCUMENTS OFF-SITE LIABILITY. INTERRUPTION. OR CASH THAT YOU STORE. What it does not cover: Intentional Damage Unlawful Activity Injury to employee your 4LLEGAL Types of Policies: IN-HOME BUSINESS Policy • BUSINESS OWNER'S Policy RIDER TO A HOMEOWNER'S OR RENTER'S POLICY An In-home Policy covers a broader spectrum of contingencies, including loss of critical documents or theft of Entrepreneurs who need more than $10,000 of coverage should invest in a Business Owner's Policy. The most inexpensive Home-based Business Insurance is an add-on or rider that expands a Homeowner's or Renter's Policy to cover the company. funds being taken to the bank for deposit. This comprehensive policy is what brick-and-mortar retailers use. An In-home Policy, issued by a home insurer or a specialty firm, usually is a plan against injury or theft covering a few employees. The cost of such a rider is Situations usually covered by this type of plan include damage to or loss of business equipment and other assets, liability for customer injuries, loss of critical records, malpractice or professional liability claims, and loss of income or a business interruption in the case of a power outage or a natural disaster. minimal-as little as $100 a year --but it can provide as much as $2,500 in additional coverage. Such coverage may work, for example, for an accountant who works at home preparing customers' taxes and delivers the returns via Premiums typically run from $250 to $500, and the plans can cover as much as $10,000 in losses. Most serious home-based business owners should consider picking up at least an in-home policy. email. A premium as low as $500 could insure up to $2 million. Be safe while selecting insurance policy online: The client should check the license of the broker or agent in the first personal meeting before hiring as no one wants to ends up with a policy from an unauthorized broker or agent. A licensed broker will have true knowledge about various policies and financial strategies. fergusons INSURANCE BROKERS www.fergusonsins.com.au Call 03 9783 3200 ABN 95 096 954 406 Copyright © fergusons insurance brokers Australian Financial Services Licence No: 240819