Insuring your Small Business

assumptions, and credible projections of cash flow. If you find all this daunting there are web sites, companies and associations out there to help you.

One thing you must remember, the better you plan your venture the better you are capable of solving problems that may occur. The failure rate of small businesses increases year by year, but this is because inadequate time was put in beforehand finalising a business and financial plan for the venture.

You may or may not need financial backing for your new venture. When sitting down and planning out your dream you should work out the finance you need for stock, business supplies, advertising, equipment and wages for the first few months while you build up custom.

Do not forget insurance. Business insurance is for the big boys you might think, not for you sitting at home behind a computer running an Internet marketing concern, cleaning windows or making wedding dresses. The law sees you in the same light as the IBM’s and Fords of this world. Your personal and home insurance will be invalid in most cases.

Some companies offer a special small business insurance package or will tailor make a business insurance package to suit your requirements. Whatever it is you need it will not cost a fortune, it will enhance your business standing and confidence and could save you a fortune. These days it only takes one litigation claim against you to force you out of