There are a lot of things to consider when starting your own business. As an entrepreneur, you would already have the drive and passion to face various challenges, however you’ll need to be able to protect the assets that you have purchased and contributed for your company. Insurance can help you recover as well as prevent massive loss when things go wrong. This includes property losses to items subjected to fire or theft as well as any liability issues that someone could sue or threaten your company for. With correct policies in place, you’ll be able to have a peace of mind with your new role as an entrepreneur.
Our very own Insurance adviser is able to recommend a liability coverage that is ideal based on the company’s size and industry. The key point is to make sure that you have adequate coverage if something goes wrong. Do share openly with our advisor to have a proper outline about your needs, and the associated costs, to best assist you in making the right decision for your company.
The cost of insurance are based on a range of factors including:
The value of the company assets you wish to insure;
Number of employees;
Specific risks associated with your industry;
Your personal risk tolerance and the amount of liability protection you prefer
Businesses often have to own more than one type of insurance, and your business’ insurance needs may be highly personalised. A knowledgeable Insurance Adviser from Sleek can assist you in finding the right solutions. For some countries, owning business insurance is mandatory. Requirements could also vary based on the type of business you own and the number of employees you have; however, compensation for the workers are required by the law in most countries as well.
Yes! Developing a strong, professional relationship with your insurance adviser will help you as you watch your business grow over the years. Choose an adviser that is familiar as well as recognise the unique challenges of running a small business and takes the time to understand your specific insurance needs. Sleek advisers will assist in tailoring your insurance policies based on your company’s needs and ensure that you’re covered.
If your business is a victim of property damage or fire, you’ll have to make sure to report the loss as soon as you possibly can. This will help get your business recover from the loss as quickly as possible. Our advisers at Sleek are able to assure you can get your business back up-and-running as usual.