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All entrepreneurs need strong business insurance

Individuals can make the decision to open their own company at any age. Whether an entrepreneur is experienced or fresh out of college, there are several factors to consider to ensure that the business has short- and long-term success.For example, let's say that you are a small to medium-sized business owner in Arizona. No matter how niche your company may be, without the right Arizona business insurance policy—or set of policies—an unexpected event could ...

Why insurance is necessary for home-based businesses

This blog has previously underlined the importance of companies having a comprehensive business insurance policy. Even smaller firms that are operated out of an owner's home cannot be fully reliant on a standard homeowner's policy. Company-related incidents will not be covered, which is why it is well-advised to work with commercial insurance specialists to find the best policy, or set of policies, available.Take Brandi Greygor for example. As she explained to Entrepreneur Magazine, her ...

Early California wildfires prove need for strong business insurance

This blog has previously discussed the importance of a business' location when it comes to choosing the right insurance policy. Weather patterns will vary depending on the different areas of the United States. As a small to medium-sized business owner in California, arid conditions that are paired with strong winds can lead to dangerous wildfires.The Associated Press described the recent "White Fire" near Santa Barbara County. On Monday afternoon, the blaze started near the ...

Consider the timeline when choosing an insurance policy

California business owners have many things to consider when they first open their doors. Are my finances in order? Do I have enough of my product? Are my employees properly trained?However, one question that might not be asked enough has to do with insurance. The right California business insurance policy could be immensely helpful should anything happen to the company. A recovery process can often last much longer than anticipated, and anything that is ...

Keep your business prepared for dangerous storms

This blog recently discussed how a majority of small business owners do not consider themselves at-risk for experiencing an event on the same scale as Hurricane Sandy. However, the tornado that ripped through Oklahoma earlier this week further underlines the importance of being prepared at all times.Moore, Oklahoma, which is near Oklahoma City, was ravaged by a level EF-5 tornado, with winds between 200 and 210 miles per hour.  Reports said that the tornado ...

Why business insurance needs to be part of a preparedness plan

California small and medium-sized business owners are unlikely to experience a hurricane in their location. Even so, it is important to take note of events like Hurricane Sandy, and ensure that their companies will be able to withstand unexpected events and maintain regular daily operations.According to a survey from FedEx and the American Red Cross, 70 percent of small businesses don't consider themselves at risk for experiencing a disaster similar to the superstorm. Furthermore, companies that were affected ...

California business insurance can help small companies thrive

"Eureka!"While California's motto is often tied with the initial state gold rush, it can also be a phrase that small to medium-sized business owners use when they achieve periods of strong growth. However, not having the right California business insurance policy can put a serious damper on long-term goals.With the economy slowly working its way back to full strength, company leaders should not have to worry about how severe weather, vandalism or even a ...

Why personal savings might not be enough to finance recovery

Small to medium-sized business owners in the southwestern area of the United States are not likely to have identical concerns to company heads that operate out of Florida or Minnesota. However, regardless of location, it is crucial for entrepreneurs to not rely on personal savings should a natural disaster impact daily operations.For example, businesses on the East Coast continue to be impacted by the long-lasting effects of Hurricane Sandy. As a Nevada business owner, ...

Uncertain economic times further underline need for business insurance

The business world is filled with few guarantees. For small to medium-sized company owners, it can be even more difficult to start an organization from scratch and ensure that it finds long-lasting success.According to the National Federation of Independent Business' (NFIB) latest Small Business Optimism Index, half of the 1,873 small businesses surveyed said that regulations were their biggest problems in April. Additionally, 78 percent of the company owners who were "trying to hire" ...

In your small business formula, remember the insurance

When the light bulb turns on over your head, and you're convinced you have an idea for the next great company, what do you do?The Wall Street Journal interviewed several entrepreneurs, asking them what the magic formula is to find success in the business world. They all agreed that there is not one thing that makes it work, but rather a combination, such as drive and the willingness to not give up."Perhaps the greatest ...