|
How do you get the “Right Cover” for your business?
To get the right cover, one needs to determine what risks one may have and how costly they will be - if and when they occur.
You would ignore those risks that are highly unlikely to happen and/or that even if the worst case happens, the loss would be less than the deductible payable if insured.
However, you must insure against those risks that are likely to happen and/or if they happen, they will cause substantial or even unknown damage or loss to your business.
As the business owner/executive, you are the best person to make this determination. But you will need a broker with the proper insurance expertise to find and arrange the cover for these risks.
|
