Most entrepreneurs overlook the value of a relationship with a competent insurance agent, but a growing venture will require several types of insurance:
Property
Medical
Errors and Omissions
Life (on key managers)
Workers’ Compensation
Directors and Officers
Unemployment
Auto (on the firm’s vehicles)
Liability (product and personal)
Bonding
Major 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).
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.
<div class="at-above-post addthis_tool" data-url="https://tcbassociates.com/how-to-choose-professional-advisers-for-a-new-venture-2/"></div>The decision to have a board of directors is influenced by the legal form of a business venture. If the new venture is a corporation, a board of directors is required and is elected by the shareholders. If the business needs venture capital, a board will be necessary, and the […]<!-- AddThis Advanced Settings above via filter on get_the_excerpt --><!-- AddThis Advanced Settings below via filter on get_the_excerpt --><!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons above via filter on get_the_excerpt --><!-- AddThis Share Buttons below via filter on get_the_excerpt --><div class="at-below-post addthis_tool" data-url="https://tcbassociates.com/how-to-choose-professional-advisers-for-a-new-venture-2/"></div><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><!-- AddThis Related Posts below via filter on get_the_excerpt --><div class="at-below-post-recommended addthis_tool" ></div><!-- AddThis Related Posts generic via filter on get_the_excerpt -->
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