Adding additional Risk management and insurance is a simple but necessary addition to any business insurance plan. It’s designed to protect your business financially in the event that a covered risk prevents you from operating effectively for a period of time, causing losses. But why might you need business interruption insurance?

Fire & Natural Disasters

If a fire destroys your building, it can take weeks or months before normal operations can be resumed, and in most cases, income would be lost during that period even though many regular business expenses would continue. The same situation arises when natural disasters strike. Does your current insurance policy cover you for business interruption? And if so, does it cover you if that interruption is due to earthquake or flood or only for other events?
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When you’re just starting out in business, particularly if you’re operating from home, there are a hundred things to think about and do. Somehow, insurance often ends up on the bottom of the new business owner’s list – but if you’re setting up a new enterprise in the Lone Star State, business insurance should be given a high priority. And it may not be as simple as you imagined. Here are 4 important things you should know:

1. If you’re operating from home and will have clients attending your premises, the liability cover on your home insurance policy may not cover you if you’re using the home as your ‘business premises’. Your business equipment may not be covered either. You’ll need to clarify these issues to determine if additional cover is required.
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Women and financial independence is quite possible but will be more difficult than a man achieving financial independence. Financial independence indicates that there is no dependence on a paycheck and that basically you are your own boss. Women having the responsibility to raise families often have to put their financial independence on hold until the family unit is feasible for business endeavors. Financial independence does not mean to have a large bank account. Financial independence indicates that the the woman can not has their own businesses. (more…)

Many investors who manage their own money and their own investments have several tremendous advantages over fund managers. Investors who have bypassed the allure of the fund management industry often come to realize that through diligent research and logic, they can keep up with the returns of the big boys.
My investment business, albeit in the fund management profession, is run along the private investor’s lines. All of the advantages below are practiced by my fund. (more…)