PKF Texas – The Entrepreneur’s Playbook: Business Resolutions – Insurance

by | Dec 21, 2007 | PKF Texas - The Entrepreneur's Playbook®

Note: Running most Fridays in FromGregsHead.comis a continuing series of tips brought to you by Greg Price. These run Saturday mornings during the BusinessMaker’s Radio Show on KPRC 950AM. Audio files can be found on the Entrepreneur’s Playbook page of the PKF Texas website.

Every year around this time, people begin to make personal resolutions but have you thought about resolutions for your business?

Evaluate your insurance coverage.

Every company needs insurance to protect against losses from unexpected events.

When was the last time your company’s insurance coverage was evaluated? Prepare a list of your business insurance coverages, policy dates, premiums, and payment terms.

Consider obtaining bids from various carriers or visit with different brokers for opinions on recommended coverages and to seek more favorable payment terms.

In the event of misfortune, a thriving business could end unless adequately protected.

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