Are YOU insured?
16/06/2010BP may be self-insured, but most small businesses can't afford not to take out cover. According to The Source, the blog of the Wall Street Journal, BP only takes out insurance when there is a legal requirement for it to do so. That may sound like a good thing, but there are suggestions (Citywire) that BP has massive amounts of cash to deal with oil disasters.
As a small business you are unlikely to be anywhere near that position, so do, please, take out insurance. Get advice on what insurance you need (because it can be confusing) from a business adviser at Business Link, your local council, your bank or an Enterprise Agency; then go and get quotes from at least three sources. Mind the small print to make sure that you are comparing like-for-like and then make a decision. Don't forget to renew it on a regular basis.
If you have enough cash to cover any eventuality, then I take my hat off to you!
We welcome blog comments via our Facebook page.
Recent Entries
- Customer Service Techniques
- An impromptu business plan will do (sometimes)!
- Starting a Business: our 10 tips to help you start your own business
Categories
Archive
- January 2011 (3)
- April 2011 (2)
- May 2010 (1)
- June 2010 (4)
- July 2010 (3)
- August 2010 (3)
- October 2010 (3)
- November 2010 (2)
- December 2010 (2)
Subscribe Now
Follow Us On Facebook
Join us on Facebook to post a comment and share your tips
