Wednesday, May 27, 2009

Small Business Insurance

Insuring your small business is a wise move. The folks at MyOwnBusiness.org, a non-profit group specializing in educating small business owners, have put together a lesson about the types of insurance your small business might need. Using videos and text, they explain the various types of insurance most businesses need, i.e., property, liability, workers' compensation, etc., and offer some "Do's" and "Don'ts" about the best approach to obtaining the right coverage.

The Small Business Administration offers advice and information about insuring your small business. For example, they point out that homeowners' insurance policies do not generally cover home-based business losses. The folks at SCORE, "Counselors to America's Small Businesses," also have some tips about buying insurance.

1 comment:

James @ Business Insurance Now said...

Kelly does a great job at MyOwnBusiness.org using videos and other types of formats (Word, PDF, etc.) to people learn about the different types of business insurance they might need. This unique method of presenting & explaining all the details really helps to reach all audiences - those who prefer to read & those who would rather listen to audio or watch video.

The SBA also has a lot of great information for starting & running your small business.

From a general perspective, buying business insurance isn't that difficult or too complicated. If you have your business' information available and you understand the risks your business faces (even remotely), then you should be able to submit an insurance quote & get in touch w/ an agency that can educate you on exactly what you need. From there, purchasing the policy is a piece of cake.