Why my Business need Insurance before 2019

Published by kelvin Ehiozefe on

Considering the risk involved in
running a business in our world today, you will agree that the need to have an
insurance policy becomes so crucial to the success of your business. But however
it’s so alarming to discover that many business owners still don’t see the need
to have one. Some say it’s a waste of investment funds while others fault
insurance companies for not been able to meeting up with their demands. Now you
might want to ask is insurance really important?
Why my Business need Insurance
Just as you desire to remain in
business for a very long time, having an insurance policy is a sure path to achieving
this goals, it’s like keeping a backup battery for that brick phone. Today many
businesses around the world go through a lot of fierce competition, random
economic swings and strict government regulations. Besides that, unexpected
disasters can hit a potentially successful business.
Considering the following examples:
• Fire at a dry-cleaner shop. No
insurance to pay for customer goods.
• A roof collapse at a toy store
one month before Christmas. No insurance to re-open.


Definitely, you somewhat might
agree with me now on having an insurance policy for your business. Not having
one is like preparing to shut down at the face of any business challenge. Having
Insurance can guarantee loss prevention which means protecting your assets with
practical safeguards. That would include some but not limited to the following:
 • Replacement of business vehicle
 • Better office door locks
 • Training employees
 • Construction of a fire and earthquake-proof
If you consider the above listed
and many other benefit of having an insurance policy, insurance become non-negotiable
for any kind of business you manage now.
To get a better understanding on the
importance of insurance and best coverage for your business you should read this; 
Consistently studies have showed us the unfortunate fact that many business owner and even consumer don’t really
understand their own insurance.  Further,
they’re not really aware of the many different options they have for
Perhaps the industry is to be
faulted.  Some say insurance policies are
too difficult to comprehend and insurance agents often speak in their own
language.  And don’t spend enough time
educating their client’s on the important area of their insurance.
While some Business owners and consumers are often left with these nagging doubts; Are there gaps in the coverage? Do we have enough protection?  Are we not paying too much?  Will our claims get paid?
But if you spend some time in reading “Understanding insurance coverage for your business” you will not find any trouble getting the best coverage for your business. In the words of Mike Murdock a prolific motivational writer—“Every Radical Change Is One Decision Away”. 
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kelvin Ehiozefe

Hi, my name is Kelvin Ehiozefe am an online entrepreneur and a Content writer. I write about Business start-up, Blogging, Lifstyle and Technology

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