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Insurance Coverage Requirements Of The New Business Owner

Submitted by Motown Terri from blog

Nov 05, 2009

Summary

Author : Connor Sullivan

For a very long time Sandy had dreamed of expanding her tiny but very busy gift shop She had visions of creating a relaxing cafe where people could come and enjoy delicious foods and beverages Sandy knew that getting a cafe off the ground would take a lot more than just wanting to do it One of the first things she needed to determine was how much her insurance would increase as she went from merely a gift shop to a business which was responsible for food preparation and service While she was confident that her insurance company had conducted proper risk management calculations when she set up her policy for her gift shop, she was sure that a new vendor risk assessment would have to be completed prior to the opening of a cafe As Sandy thought about her exciting opportunity, she tried to imagine some of the possible insurance coverages she could need and how she could proactively address them For the person who is dreaming of having their own small business, it is important to understand policy and coverage options

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