HOW TO CHOOSE PROFESSIONAL ADVISERS FOR A NEW VENTURE Part 4: Insurance AgentsDon't MissEditors PickManagement by Bernard Taiwo - October 10, 20190 Share Share on Facebook Share Share on TwitterTweet Share on Pinterest Share Share on LinkedIn Share Share on Digg Share InsureanceMost entrepreneurs overlook the value of a relationship with a competent insurance agent, but a growing venture will require several types of insurance:PropertyMedicalErrors and OmissionsLife (on key managers)Workers’ CompensationDirectors and OfficersUnemploymentAuto (on the firm’s vehicles)Liability (product and personal)BondingSee also LABOR SURPLUS AREAS AS EVIDENCE OF COMPANY CONTINUAL EXISTENCEMajor insurance firms often can handle all types of insurance vehicles, but specialists will be required for certain kinds of protection, such as bonding (which is common in the construction industry to protect against a contractor’s not completing a project), product liability insurance, and errors and omissions (which protects the business against liability from unintentional mistakes in advertising).See also HOW QUESTIONNAIRES CAN AID FEASIBILITY OF A NEW VENTURE THROUGH MARKETING RESEARCH The new venture’s insurance needs will change over its life, and a good insurance agent will help the entrepreneur determine the needed coverage at the appropriate times.See also HOW CORPORATE SPONSORSHIP CAN ENHANCE CORPORATE IMAGE AND VISIBILITYShare this:TwitterFacebookLinkedInWhatsAppSkypeTumblrMorePrintPinterestTelegramRedditPocketRelatedShare Share on Facebook Share Share on TwitterTweet Share on Pinterest Share Share on LinkedIn Share Share on Digg Share