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Friday, April 21, 2006

Starting a Computer Business – How To Be Properly Insured

Insurance is a big deal when starting your business, and you should be familiar with all the types that may affect you. Before choosing, though, make sure you talk to an insurance expert so that they can evaluate your needs.

1. Renter's/Owner's Insurance

Consider getting basic insurance on your office based on whether you own or rent the space. If you start out on your own property, you can simply tack many business policies onto your homeowner's policy.

2. Liability Insurance

Liability insurance takes care of any accidents that happen to visitors on your property. Premiums are based on the square footage of the office. Customer visits are also taken into account.

3. Automobile Insurance

Since employees will be driving as part of the business, you need auto insurance that will cover them, their cars, company cars, and the contents of the car.

4. Fire Insurance

For fire insurance choose the replacement value coverage, so that any fire damage to the equipment, inventory and the building will also be covered.


5. Worker's Compensation Insurance

State requirements generally stipulate that businesses provide workers’ compensation to employees, which offers death or disability benefits to employees or their survivors. Less expensive state plans are often offered.

Learn more about choosing insurance in the complete article (link above).

Submitted by Joshua Feinberg