People Hate This Time of Year | Biz Glitch #9 | Dreaded Insurance Review

People Hate This Time of Year! Many business owners either ignore or avoid this task and responsibility because they know it costs money. Some business owners don’t even have insurance on their business. ❓When was the last time you reviewed your insurance?

Category: Insurance

An insurance policy is like having an attorney on retainer if you get sued for something, depending on your type of business.

🎯 Goal: Review your business structure with a trusted insurance agent/broker to determine what liability you have and how you may be exposed if you have no insurance or are underinsured.

The various aspects where you could be vulnerable to a lawsuit are:

✅ Slip and fall if you have a physical "brick and mortar" establishment.
✅ Malpractice if you make a mistake depending on services rendered.
✅ If you sell products and someone claims it was defective or any personal wrongdoing.
✅ If you have an accident with a company car.

Any one of these claims can be financially and emotionally devastating.

🚧 Actionable Item: Consult an insurance agent and get enough insurance to cover you.

Find out more about the project: https://auroraconsulting.biz/lets-glitch/

Welcome to the Biz Glitch 366 series where we discuss 366 mistakes that we've made and seen in business over the course of 6 decades collectively.

We'll share a mistake of the day aka GLITCHES. We've organized the 366 glitches into 21 categories. Accounting, Bookkeeping, Branding, Business Growth, Business Operations, Business Structure, Credit Score, Culture, Customer Service, Cyber Security, Financing & Financials, Human Resources (HR), Insurance, Marketing, Mindset, Legal Issues, Outsourcing, Sales, Technology, Training/Education, Website Management

WHO WE ARE:
60+ years combined of owning, running and managing businesses and working with thousands of business owners to understand how business can be fun or it can falter.

Know ahead of time what mistakes to manage and what problems to prevent...BECAUSE THEY HAPPEN!

https://auroraconsulting.biz/lets-meet/

#smallbusinesspodcast #businessbasics #smallbusiness #smallbusinessowner #buildingabusiness #runningabusiness #simplesense #PAPERWORK #OrganizeDocuments #Documentation #BizGtlich366 #BizGlitchProject #BizGlitch #366Glitch