As I have said many times at this site, disasters happen. It is not if, but when. Business TN Magazine posted an article about how to prepare for the worst.
For a growing business, one major setback can spell life or death. Preventing a natural disaster is outside the scope of even the largest firms, so what can a small business owner do to protect against catastrophic events? Every industry has unique vulnerabilities, and each company particular needs.
Having the right insurance and working with the right law firm are two important means of insulating a small business from the brunt of the impact of a catastrophic event.
(Just for the record — the author calls me an economist. I may be a lot of things, but I am NOT and economist!!)
Don’t forget about equipment insurance, which is particularly important if you have PC equipment at home (or on your premises). If you knock your coffee down the back of the base unit, you would be liable to fork out several thousand dollars for a new one, unless you have the correct insurance type in place. This type of insurance will protect your business equipment of whatever nature, subject to the terms of cover.