Small Business Insurance - why small companies can be wiped out in a week. The truth about small business risks: "Small Business Insurance
The truth about insurance against small business risks - why your small business could disappear in a week - huge risks may not be covered by your insurance policy
Small businesses spend hundreds of millions a year on insurance yet policies may not fully cover some of their most serious risks. Risk management is a vital part of running a small business, yet neglected by most small business owners who say they haven't got the time.
The trouble is that when disaster strikes, you may need more than a small business insurance payout to keep going. And disaster comes around often.
Small business owners run on a tight margin and don't have spare resources to tackle major issues, so are very vulnerable to business disasters and other negative events. Small business insurance may cover obvious costs but not all the hidden consequencies.
Take backup of computer data for example: you assume that everything works find until a hard disk crashes. When you come to restore data you find either the system was not backed up recently enough, and you have lost vital e-mails and other data, or that the backup files are corrupt. This kind of event is far commoner than you may imagine. Every computer your business owns is a separate risk of sudden hardware failure or attack by a virus, and small businesses are especially vulnerable because they don't have the backup of a professional IT department, and are often dependent on a varied collection of computers, and staff who don't fully understand how to use them.
Does your small business insurance cover you for destruction of your business following staff errors in backing up or even for the loss of your own personal organiser and all your diary for the next 6 weeks? For lost ....."
Read on...
Small Business Insurance - why small companies can be wiped out in a week. The truth about small business risks
Future of your Business, Family and Wider World by Dr Patrick Dixon, Futurist Speaker, Keynotes on Growth Strategies and Leadership, Lecture Slides, Articles and Videos from Conferences - 15 million unique visitors to MAIN Futurist site (articles / keynotes / videos) - link on right to www.globalchange.com
1 comment:
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