Any sensible person starting up their own business, whatever their niche, needs to create a workable business plan. The one area that stumps many people is determining exactly what kind of insurance they need and where to find it at a reasonable cost.
If you are a one man (or woman) concern you may not think you need any insurance at all. Unfortunately, in this day and age that is far from the case. What would you do if your premises were broke into and your computer, possibly the lifeblood of your company, was damaged or stolen? Even if you work out of your own home your regular homeowners insurance might not cover the loss.
Then there is the question of health and disability insurance. You may have been well covered in both areas when you still worked for an employer but now that you are your own boss how would you manage if you were to become ill or injured and what would happen to your business while you recovered? Continue reading ‘Start Up Business Insurance – What Do You Really Need to Buy?’ »