Entrepreneurs Brief Guide

“How to Insure Your Business”

Dr Jim Porter

Business is very risky as anything could go wrong at any moment; insurance provides you with the financial compensation in case of unexpected events and most business risks can be insured against. You can select the risks against which you wish to insure yourself, but you must remember that paying insurance premiums also becomes a costly affair.

In 30 minutes, learn how to:

Identify what should be insured

Choose the right cover

Select an insurer

File a claim

Copyright

How to Insure Your Business

Dr Jim Porter

.Revision: SW1.011.001

Copyright © 2011 – All Rights Reserved.

Smashwords Edition

This ebook is licensed for your personal enjoyment only. This ebook may not be re-sold or given away to other people. If you would like to share this book with another person, please purchase an additional copy for each recipient. If you’re reading this book and did not purchase it, or it was not purchased for your use only, then please purchase your own copy.

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ISBN: 978-1-4657-1749-8
Publisher: Smashwords, Inc.

Business is very risky as anything could go wrong at any moment; insurance provides you with the financial compensation in case of unexpected events and most business risks can be insured against. You can select the risks against which you wish to insure yourself, but you must remember that paying insurance premiums also becomes a costly affair.

New businesses are likely to require a number of different types of insurance. Some are compulsory:

Employers' liability compulsory insurance

Motor insurance, if your business uses vehicles on the road or other public places

Professional indemnity insurance for businesses in professions such as law and accountancy

Mandatory and optional cover

When you start a business, you automatically have compulsory legal obligations to your customers, employees and towards the public in general.

Employers’ liability insurance; this is purchased for all employees except for your family members working with you. This insurance covers you against the claims of employees for any injury or harm to their health as a result of working for you.

Motor vehicles’ liability insurance; covers all the accidents or damages to the motor vehicles owned by your company for the purpose of business.