Setting up Your Business Insurance – 5. How To Set Up Business Insurance – Part 3
Growing and running a business you’re going to have to invest in business insurance. During this business coach video training Clay Clark, the former US SBA small business entrepreneur of the year for the state of Oklahoma, is going to get into one of the biggest mistakes he sees business owners make a set of their business insurance. You’re absolutely must know your policy inside and out if you are going to set up a business and you’re going to run it and scale it. You must make sure that you do not have any boneheaded exclusions and exemptions in your insurance policy just to try and save a buck on your monthly premiums. Clay has seen this happen to many many many business owners and sometimes it’s not even there fault. You have to know the details of your policy because insurance agents are humans as well and sometimes they make mistakes. There is nobody else to make sure that your insurance policy is correct beside you and the insurance agent nobody else’s out there combing through it with a fine tooth comb to make sure that all of the details are included and nothing is excluded that you need to be inside the policy. We have seen it time again when a business owner thinks they’re fully covered just to find out that the business insurance they purchased had some type of exclusion or exemption that stopped them from being fully covered when that happened. And remember the entire goal of insurance is to make sure that when something bad happens in your business that you have a bad day and that you do not have a bad life as a result of that bad thing. Call us today to schedule an in person or over the phone 13th want assessment with a business coach to find out how these proven systems can help grow and scale your business.
