Shop Insurance: Important Financial Step for Small Business Holders
Are you planning to open a store, a restaurant or a pub? Did you think of protection? Do you know that you are prone to greater risk? Why? Let me explain. Your plan of businesses naturally will have a lot of public contact. It is needless to say that having members of the public regularly on a local opening poses much greater risk of lawsuits and claims.
This is why buying shop insurance before you initiate any transaction will be a good step for you to secure the interest of your business. Shop insurance was once viewed as an incidental expense. But today it is of different story. Every owner of the business knows his need of insurance. Some vital information are essential for all the business owners. The following ideas will serve greatly to take proper decision.
Following are some ideas to help you make decisions about buying a policy.
<b>Employee Tools Insurance</b>
If you have a policy which covers your employees’ tools then you are in a better position than your competitor, who does not provide such a valuable service. So, having a policy that covers employee tools will give protection not only to your employees, but also to your business.
<b>Employee Benefits Insurance</b>
Every shop owner should think of employee benefits. The owners have to be rational about the benefits of the employees. As a shop owner you should consider the life insurance of your employees, who deserve it.
<b>Business Interruption or Continuation Insurance</b>
Owing to an accident, natural disaster or a loss, your business may be partially or totally shut down. But still you will need money to keep key employees, pay family members involved in the business and pay ongoing expenses.T hink of Business Interruption or Continuation Insurance and ensure the continuation of your business.
<b>Pollution Liability Insurance</b>
As a generator of hazardous waste, you have always significant pollution liability exposures. You must buy a policy that will give you coverage to handle the catastrophic exposure that you face on a daily basis.
So, make the right decision at the right moment. Think of buying a suitable policy before you start a new shop.
Question about business shopping
How can I start an online shopping business?Thanks!!
I was talking about selling my own products online. like clothes,wallet, etc. But I dont have any idea about shipping and the cost. They only say that I need digicam and I own a computer.
- Business
Made by Symmetric Web
Distributed by Smashing Magazine
18 Responses
there should be a sign there with the name of the shopping center development company – call them for rental info
very good
… It takes a lot of investing. Yes, you need a license. [No matter what it is you need a license, especially if it's your own business and you could get sued at anytime].. can you bee more clear on what you are requesting an answer for?
- You can just by a the place where you want to sell it…
- Buy everything of your own for your store as well as pay for the advertising.
Well made video. The English are great.
very informative.. thumbs up!
What a great video! Great presenting! Thank-you very much for sharing that. I feel my views are similar to yours when it comes to this kind of stuff. Feel free to drop by and post a comment on my YouTube as well I am new here and could use a little help!
Go to http://www.score.org/ and in the upper left hand corner, enter your zip code. On the next screen, you will get information on the nearest SCORE chapter. Call them and arrange for a free meeting with a SCORE counselor.
SCORE is a nonprofit association dedicated to entrepreneur education and the formation, growth and success of small business nationwide. SCORE is a resource partner with the U.S. Small Business Administration (SBA).
SCORE has 389 chapters in locations throughout the United States and its territories, with 10,500 volunteers nationwide. Both working and retired executives and business owners donate time and expertise as business counselors.
Excellent ! Thank-You!
This article gives the basics for starting an online business:
http://www.squidoo.com/howtocreateonlinebusiness
I have not seen a business model like this specifically targeting the male market –
I've seen similar businesses – in fact around Xmas the morning shows on TV usually have someone on who has business that will shop for you/wrap for you – or just wrap for you
I think you've got a good target market and would recommend you try to work this in a "big" city atmosphere where men are commuting in/out of the city and don't have time/don't like to shop
great idea
Wow now that video was very informative…Thanks
Chad
backlinksolutions . com
good man – great advice
Im an indian and I totally agree with the "we tend to have the shopping style of touch and feel before you buy"…i cant imagine old brown aunties trying to buy saris online , I mean even if the stuff is right in front of them they take hours to decide…. so no I dont think its worth doing
With some decent advertising you'd clean up around the holidays. I know I'd pay to get gifts covered for my extended family and coworkers. I'd have a hard time charging elderly folks to help with their groceries unless they are independently wealthy. You could take care of seniors at a discount to advertise your services better. I would think that you could create a nice side business for yourself with very little start up expense.
many thanks
I would recommend, first and foremost, that you build your site with Wordpress as the CMS. Then I would use a relatively inexpensive shopping cart plugin called PHP Purchase: http://www.phpurchase.com/
I do not know if it works with link point out of the box, but if you send an email to them: http://www.phpurchase.com/contact/ They'll respond quickly. They did with me.
I found your video to be very useful and entertaining.