2. Insurance

Business Insurance can be a crucial part of your business and a great way to protect your business from uncertainties. In addition, many specific industries and even some leasing, funding and financing agreements will require you to have insurance as a business, with specific minimum coverages.

Some things to consider would be What type of insurance will you acquire for your business?

Examples: 

  • Insurance for owners
  • Insurance for Partners
  • Insurance for Key Employees
  • Insurance for Business property and earnings
  • Liability insurance
  • Accounts receivable insurance.

 

Consider what your biggest risks are and what the norm is for the industry.