Oncken Insurance Agency, P.C. Blog
If you're planning to open up a restaurant anytime soon, you must be able to figure out some of the most significant guidelines they have developed in recent years. Because of the Coronavirus pandemic, restaurants have shut down en masse, which has rendered business owners blind when it comes to any possible insurance claims incurred by the health crisis.
Below are a few new guidelines that you can follow to cash in on some of the benefits you can get from business interruption due to unforeseen circumstances.
A recent survey showed that only three out of ten small businesses have insurance. And most of these small businesses have the necessary policies that cover general liabilities, while some have commercial property insurance to protect them from losses.
It is a given that when you are starting a business, there are other essential and urgent demands that business owners focus on rather than getting their businesses insured. For small businesses, getting insured can seem like an inessential luxury. Instead, they would take a gamble and hope for the best for their companies than to commit and dedicate to monthly or annual premiums.
There are plenty of reasons why small businesses would prioritize having their businesses insured and protected. Because of the severe weather, floods, wildfires, and earthquakes are putting businesses at risk of damaging their equipment or property.
It does not matter where you are located; the risk of people breaking in is real. Are you ready to replace and buy new computers or equipment if they get stolen? What is your plan if someone decides to sue your company? These are the types of scenarios you can avoid if you have your businesses insured.
Businesses have suffered financially since the announcement of a global pandemic. The government had mandated lockdowns and shutdowns as a preventive measure. In this article are tips how to face the pandemic with business insurance.
There are various possible sources of assistance for damages and losses from a disaster such as tort cases, government programs, philanthropy, and insurance payments. Insurance provides a significant role after various disasters.
When planning to get business insurance policies in 2020, there are certain things you need to find out first. At this point, an insurance agent comes in. It will be able to give you much more information about the existing policies and what you can get out of them in terms of the advantages and benefits.
However, you have to know what to look for when it comes to doing your research and interviewing insurance agencies for business. Here are some points that you need to remember when asking insurance agents about any potential business insurance policies in the future.
Understanding the complexity of business insurance is quite a daunting task. You may have a variety of insurance policies at hand, yet it may vary according to efficiency. Having an effective strategy will further advance your expertise in such business engagements.
It can be overwhelming to run a restaurant, especially during busy seasons. The smooth operation of your restaurant will have to depend how well you can effectively manage time. Below are a few strategies at best.
You can now begin your dream of starting a retail business! Although it may take plenty of initial work, with strategic planning, it’s always possible to reach your goals. Take note of the steps below to start a retail business and use it as a guide before opening your store.
A smart company does not only have a smart leader but also has tools, systems, and proper planning to make the company function seamlessly. Here are some tips that you can follow and incorporate if you have plans in starting a smart business.
As a business owner, you are already exposing yourself and your employees to different kinds of risk the moment you decide to put up your company. Because of these risks, one wrong move can cause your business to shut down. To protect your business from experiencing these things, specific insurance policies must be in place. Whether you are starting your business now or your company has been up for years, make sure that you have these insurance policies to protect your investments and assets.