Prentice St. Clair join us for our third episode of the Business 101 Series. This week we tackle a topic that either gets ignored, overlooked, or avoided - Insurance. We go in deep to explore what you need to have in place to protect you, your business and family.
Insurance topics we discussed in this episode
Why do you need insurance?
Insure against catastrophic events / self insure for minor events
Talk to an agent about the different types of insurance
Keeping records of purchases that you make for your business
What do you need to cover with insurance and what options should you consider?
Garage keepers legal liability coverage
Garage keepers legal liability auto portion
Garage keepers legal liability other than auto
Inland marine insurance (look at replacement value)
Bond - a policy to protect against theft by employees
Worker’s Compensation
Business interruption or loss of income insurance
Disability insurance
Umbrella policy
Life insurance
Take the time to shop around
Can you afford it?
Strategies to add insurance as you growMake sure to like, share, and subscribe because we are sharing critical things you need for your business.
Prentice St. Clair
Detail In Progress
Rod Puzey and Jody Sedrick
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