Michael Dell Exclusive Interview with Small Business Advice TV – episode 2
Small businesses need dedication and vision. And as protection they need comprehensive insurance to protect themselves from disasters, illnesses, disability and loss of property and goods among many others.
Every small business owner needs a business owner’s policy cover. This kind of policy is designed to protect every kind of risk possible: property insurance, liability insurance, business income, machinery insurance, human failure, employee protection and management protection, and more.
There are many options and the choices can be mind boggling. Here are a few tips for buying small business insurance coverage:
1. Surf the internet and download a “business owner’s insurance check list.” This will form the basis of your effort to get small business insurance cover.
2. Make the effort to do a comprehensive search for the many options available both online and offline. Or ask your insurance agent to create a docket of options.
3. Understand what your business will need and seek coverage accordingly. An ideal source for insurance coverage is trade associations and business groups; they often have tie-ups with insurance companies for coverage at reduce premium rates.
4. Check the website of the Institute for Business and Home Safety for recommendations: www.ibhs.org and the Small Business Administration: www.sba.gov.
5. Ask for quotes and recommendations from at least three leading small business insurance providers. Making a comparison of the coverage and rates will help you get a good deal.
6. Use a small business liability tool available online to determine the risks faced by specific small business. Note down the risks and get a quote for an insurance policy that covers all the delineated risks.
7. Contact the same insurance company that covers your life, health hone and vehicle. Often when a company knows a person as a client then they offer better insurance rates and facilities.
8. Often online polices are offered at better rates. Surf the internet for a small business insurance directory and explore buying insurance online.
9. When buying a small business policy online ensure that the company is reputed and has been in business for a long time. Check with the better business bureau whether there are any cases pending against the company.
10. Buy insurance from a leading insurance company that follows fair business practices. This way you will maximize your protection as the insurance company will be reliable.
Choose a comprehensive policy and ask for a COLA option; the cost of living adjustment option will ensure that the insurance plan stays current with inflation. Before buying a policy online or offline check the financial ratings of the insurance company.
Ensure that you check the United States small Business Administration’s standards and requirements before buying an insurance policy to cover your small business. Check the World Wide Web for updates on insurance laws and needs. Read articles and tips written by insurance professionals. Learn how to protect your interests by making informed choices.
Watch the video related to small business insurance
Episode 2 – Michael Dell Exclusive Interview Many small businesses will be worried about how the current economic climate will affect them and what the new year will bring. In this special WebTV show, we bring you an interview with founder and CEO of Dell Inc, Michael Dell for some invaluable entrepreneurial insights and experiences that can help business owners. The task of running a $60bn global company with 80000 employees is hardly going to be short of challenges. Michael gives his …
Help answer the question about small business insurance
Help on assignment: small business insurance for workers?so im working on a business project for my class and i am stumped on one part of my project. its part of a human resource part where i am to figure out wages and such. and a requirement is insurance that my company provides for my employees. im just wondering what type of insurance would a small company provide for its employees as well as costs. this company is only going to be run by 5 or 6 people but it is still a requirement for my project.
http://unblockxanga.cn/health-insurance.html
http://unblockxanga.cn/health-insurance.html
http://unblockxanga.cn/health-insurance.html
About Author
Timothy Rudon is a writer for Small Business Insurance , the premier website to find small business insurance, small business insurance quote, small business health insurance, insurance for small business and many more.
Related posts:
- Restaurant Owners Business Insurance Are you starting your own business? You must be...
- Employers Liability Insurance Shopping Around Pays Dividends If you own your own business it is imperative...
- How to increase insurance agency retention Many small business owners rely upon their personal insurance...
- $1,000,000 Dollar Gun Liability Law in Illinois. Gun Control gone mad, One Million, Whats Next! <!– @page { size: 8.5in 11in; margin: 0.79in }...
- NEW YORK SMALL BUSINESS OWNERS SUPPORT CHOICE OF A PUBLIC HEALTH INSURANCE PLAN For small businesses, group health insurance covers are...
Related posts brought to you by Yet Another Related Posts Plugin.
Posted by American Car Insurance on October 7th, 2009 filed in business insurance | 11 Comments »
Top incoming search terms for this post
11 Responses to “Michael Dell Exclusive Interview with Small Business Advice TV – episode 2”
Leave a Comment
-
Link Partner
October 7th, 2009 at 3:48 am
whre is michael dell?
October 7th, 2009 at 4:07 am
the pink background strikes me as a little dubious and odd since it is almost unthinkable in Japan except midnight obsene programs lol :p!
October 7th, 2009 at 4:08 am
Well, they can't do it over the phone because there are way, way too many variables.
A safe range to use, is $500 to $150,000. Yep, 95% of small business insurance packages will fall in that range.
It depends on what they do, what they need covered, where they are located, and of course, the rating basis.
Sorry, I don't think this is much help.
October 7th, 2009 at 4:53 am
Use this site to find an independent agent in your area. An independent agent represents more than one company so they have a better chance of having a company that will be able to write the insurance he needs.
http://www.iiaba.net/agentlocator/findagent.aspx
October 7th, 2009 at 6:10 am
General liability with one person cleaning, gross receipts under $75,000 is going to run around $1500 a year.
A "bond" is going to run around $250, but doesn't mean what you think it means, and basically you don't need it anyway. You'll have to guarantee the bond amount if it's a start up business, which means, post $5,000 or however much you want the bond to be for.
Bonds for janitorial services, people ask about them here about twice a week. No one really needs them, unless you're doing government work.
October 7th, 2009 at 7:55 pm
OK, I've written business insurance on businesses owned by felons. It's not a deal breaker, but for a NEW business, you're likely going to be in the surplus lines market. You need to go to an independent agent, give them details on the type of business it is, and get quotes for the business insurance.
If you're only buying health insurance for one or two employees, it's going to be INDIVIDUAL coverage, not a group plan, in most states. It gets underwritten and priced based on the age, the health, and the coverages. If the agent doing the business insurance isn't licensed for health insurance, ask them for a referral.
**caveat – any illegal acts committed by an owner of the business are NOT COVERED anyway – just want to make sure you know that. If the partner runs off with the stock, it's your loss.**
October 8th, 2009 at 1:29 pm
Farmers WILL do it. Call….
Juan Betancourt
5531 W Cermak Rd # D
Cicero, IL 60804-2218
Phone: (708) 863-1750
Fax: (708) 863-1749
jbetancourt@farmersagent.com
Or
Alma Rodriguez Agency, Inc.
6932 Windsor Ave
Berwyn, IL 60402-3335
Phone: (708) 795-4444
Fax: (708) 795-4447
arodriguez3@farmersagent.com
Don’t worry its not me I looked this up on http://www.Farmers.com and yes I know 90% they do. Every senior and state is different try call. I have the link below and you can look up another agent.
October 8th, 2009 at 2:42 pm
Different companies will have different requirements and pre coverage conditions. Premiums will also vary sometimes by several hundred dollars. It is always a good idea to start with the company that carries your auto and home owners insurance so that you also may be able to be covered by an umbrella policy. Shop around for business insurance just as you would any other kind.
October 8th, 2009 at 6:05 pm
You need a general commercial liability policy (GCL) Check with local agents in your area.
They will want to see:
how long the business has been established/ yrs of experience.
Your annual payroll
3 most recent jobs
October 10th, 2009 at 1:43 am
Yes, definitely. First, if you are using you personal vehicles to get to the customers location your auto insurance company can avoid paying a claim if on a business trip. Second, liability for any error or damage you cause while doing your work. As a sole proprietor you are liable for any damage or claim and your homeowners or auto will not pay. See your insurance agent and discuss coverage needed, it probably will not be that expensive. I have a small farm business and pay very little extra for business coverage.
October 10th, 2009 at 2:59 pm
listen DJ Gregory, he's the best