Business Insurance Online

March 4, 2010

What do you know about business insurance? What you should know about business insurance are two things that are important when you are out to get business insurance for yourself. There are many factors that you will need to take into consideration. But the most important of them are:

1. Price: You need to know you are getting the best quote available. The only ways to ensure that is by getting quotes from at least five different insurance companies and compare them. When you do that, check all the pros and cons so you get the complete picture. Some insurance agencies charge a very small fee upfront but has a lot of other fees such as processing fees, inspection fees, documentation fees, etc which will take the price through the roof. Better still run a search through the Internet and get savvy about the running rate. Another good way to find a good quote is to ask around from friends and relatives. There is nothing better than a tried and trusted hand.

2. Stability: professional companies such as Standard & Poor’s Insurance Rating Services, AM Best, Weiss Research, etc rate all insurance companies’ Read the rest of this entry »

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Business Insurance

March 2, 2010

There is no denying the fact that success of a business depends on the hard work of the team but one disaster can wipe out your efforts and bring down the profits to dust. So, to avoid such an instance, you need to insure your business, whether it is a small enterprise or a large corporation.

There are insurance companies, which have policies that combine protection for all major property and liability risks in one package. You can also opt for separate coverage. Such a policy is called a business owners’ policy (BOP). Larger companies may purchase a commercial package policy.

BOPs include property insurance for buildings and equipments owned by the company. If there is any loss of income due to disruption of operation and business because of accidents like fire, it can be covered under the Business Interruption Insurance.

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Small Business and Insurance

February 28, 2010

For many years I had the pleasure of working at Barstons Child’s Play. During my time at the store I worked as an assistant manager and buyer. I was a full-time employee and individual employee health insurance was covered. When my husband and I looked at the rates to pay for my husband and two children on the policy, we knew we could not afford it. We could barely manage rent, student loans and food on our combined salaries. We paid out of pocket for medical care for many years for both my husband and two sons. When Fred was hired at American University, as part of a large insurance pool we could finally afford FAMILY insurance.

Part of my dismay at the way insurance is handled in the US is the fact that small business is asked to shoulder such a heavy burden. There is no way Read the rest of this entry »


How to Succeed in Business

February 27, 2010

Every one has their own definition of success. My definition of success is to be happy while working at something I believe in and am passionate about. Here are six steps I use to achieve my definition of success.

Freedom – If you don’t live in a country with freedom to pursue a living as you see fit, success would be difficult by my standards. I am thankful to live in a country that provides me the freedom to choose my living. Many people do not have the freedom to seek out their own business, so it seems that one must first become free to succeed in business.

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Good Business Travel Insurance

February 27, 2010

There are times when you need to go out of town and to another country for business reasons. This often happens if you’re an executive or a high ranking official of an organization or company. If you’re one of those ‘important’ office personnel, you should make sure that you don’t travel without business travel insurance.

Now, why is that? Well, suppose you urgently need medical assistance abroad. Your employer is not present and the medical bills will be shouldered by you alone. What if you don’t have enough money to pay the medical bills? But if you have business travel insurance, you don’t have to worry about a thing.

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