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Starting out there seems to be a million things to set up and sort out to make sure your business will survive and succeed in the long term. One of these “must haves” is comprehensive insurance.
You never know what may happen down the line and you want to make sure you have the right coverage so that you’re not out of pocket. For instance, your equipment may be damaged, a power failure may spoil your food or the shopfront next door may burn down your store.
You also need to ask considering whether your policy keep up with your changing needs and growth. If you have invested in more equipment, it may be time to talk to your insurance company.
Then there’s the new players in the game like Trov – an on demand insurance app that allows users to buy insurance for individual items of value, such as cameras, laptops, bikes, or instruments, turning it on or off as they please, creating what Trov calls ‘micro-duration’ policies.
Listen as Kochie outlines the best ways to insure your business:
We’re about to start filming Season 10 of Kochie’s Business Builders, and as a small business owner we want to hear from you! Send us a message using our contact form and tell us what’s challenging you.