MomTalk
  • Business
    • Blogging
    • Emails
    • Interviews
    • Marketing
    • Momtrepreneur Businesses
    • Social Media
    • Websites
    • Work from Home Business Opportunities
  • Food
    • Books
    • Kids Food Recipes
    • Recipes
      • Breads
      • Eggs
      • Fish
      • Chicken
      • Meat
      • Pasta
      • Sweets and Treats
      • Soups
      • Vegetarian
  • Giveaways
    • Current
    • Previous
  • Health
    • Exercises
    • Health and Beauty
    • Homeopathic
  • Kids
    • Caregivers
    • Party Ideas
    • Pregnancy
    • Safety Stuff
    • Virtual Schools
  • Lifestyle
    • Activities
    • DIY
    • Eco-Friendly
    • Fun Stuff
    • Home and Decor
    • Inspiration
    • Magazines
    • Money
    • Tips and Advice
    • Sex
  • Shopping
    • Fashion
    • Promotional
  • Reviews
    • Book Reviews
    • Product Reviews
    • Toy Reviews
  • Tech
    • Mobile
    • Television
    • Tools
    • Video
  • Work With Me
    • About me
    • Advertise
      • Banner Advertising
      • Giveaways
      • Newsletter Advertising
      • Product Reviews
      • Testimonials
    • Contact Us

MomTalk

Banner
  • Business
    • Blogging
    • Emails
    • Interviews
    • Marketing
    • Momtrepreneur Businesses
    • Social Media
    • Websites
    • Work from Home Business Opportunities
  • Food
    • Books
    • Kids Food Recipes
    • Recipes
      • Breads
      • Eggs
      • Fish
      • Chicken
      • Meat
      • Pasta
      • Sweets and Treats
      • Soups
      • Vegetarian
  • Giveaways
    • Current
    • Previous
  • Health
    • Exercises
    • Health and Beauty
    • Homeopathic
  • Kids
    • Caregivers
    • Party Ideas
    • Pregnancy
    • Safety Stuff
    • Virtual Schools
  • Lifestyle
    • Activities
    • DIY
    • Eco-Friendly
    • Fun Stuff
    • Home and Decor
    • Inspiration
    • Magazines
    • Money
    • Tips and Advice
    • Sex
  • Shopping
    • Fashion
    • Promotional
  • Reviews
    • Book Reviews
    • Product Reviews
    • Toy Reviews
  • Tech
    • Mobile
    • Television
    • Tools
    • Video
  • Work With Me
    • About me
    • Advertise
      • Banner Advertising
      • Giveaways
      • Newsletter Advertising
      • Product Reviews
      • Testimonials
    • Contact Us
Business

The Importance of Business Insurance

written by Claire Minnaar October 3, 2016

business-insurance

I have spoken about business quite a bit on my blog, after all – Momtrepreneur it’s about being an entrepreneur (and a Mom)!

We’ve spoken about what you need to know in business, how to work from home and know it’s right for you, how to deal with being a Mom and entrepreneur and a whole bunch more!

But, today, I was invited by King Price to get into the nitty-gritty of business and talk about Business Insurance. When you’re starting out, business insurance may very well not be a priority, but it should be as it could and, most likely, will save you thousands of Rands in the event unexpected occurs e.g. a floor, fire, customer gets injured, staff falls ill, burglary, etc.

None of us know the future and don’t know what will in the future. And, thinking nothing bad will ever happen to you or your business is really living like an ostrich with his / her head in the sand.

It’s a reality that we live in times where theft and burglaries can be heard of often. To be burgled is not a fun experience and if you don’t have some financial backup, you may find yourself forking out money you don’t have or weren’t expecting to spend. Often, these situations happen when you need them the least.

So, while it’s not really something one wants to think about, your risk as a business owner needs to be considered and assessed. Here is a basic list of risks you face when running a business whether it be from home or at an office:

  • Theft and burglary
  • Damage to equipment and / or loss of data
  • Fire damage
  • Flood damage
  • Machinery damage / breakdown
  • Goods in transit (if you are a courier or travel regularly with your goods, this is particularly important)
  • Vehicle damage
  • Liability insurance (in some instances, this is a legal requirement, so check with your accountants / attorneys for advice on this particular insurance)
  • Public liability cover (particularly suitable for companies which have foot traffic or regular customers e.g. shops)

Every business is unique and every businesses’ requirements will be different based on how the business operates and where the business operates from. Some companies will have heavy-duty equipment while others may just be an office with basic items and a few computers. Business insurance is customised to your needs and you can usually adjust based on the level of risk your business is at.

When considering business insurance, chat it out with a broker. To eliminate risk, put in the necessary features like security gates, alarms, video cameras to help reduce the risk.

Having something happen to your business will affect your productivity, ability to move forward and, in most cases, your cash flow. So, building a business takes time and effort and, let’s be honest – to make money, you need to in many cases spend money. One of the things you do need to spend a small amount on is business insurance – it will save you later.

This article was brought to you by Kind Price – Business Insurance

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Join the List

Subscribe to our mailing list and stay informed on what's happening on MomTalk!

Awesomeness! Thank you for subscribing!

Oh dear! Something has gone wrong. Please try again.

We respect your privacy and take protecting it seriously.

0 comment
0
Facebook Twitter Google + Pinterest
Claire Minnaar

Claire is a boy Mom to Ethan and Jake. Living in Hermanus, a coastal town approximately 120kms outside of Cape Town, Claire aims to help inspire other Moms by sharing her stories of motherhood and everything that comes with it. She writes about her life and experiences plus shares easy recipe ideas, party ideas, health and beauty tips, info on building a business and everything in between.

previous post
Duplo Discovery { Fun Activities }
next post
Teacher’s Pet { Mason Gift Jars }

You may also like

Business Lessons from Successful Business Leaders in SA...

December 11, 2014

How to Take Charge of Your New Home...

July 2, 2013

Etsy and Momtrepreneur: The Birth of Business Mums...

January 16, 2014

Accounting the Accountable Way

February 22, 2011

Join an Etsy Team for Shop Success

January 30, 2014

Business Types for Momtrepreneurs

February 24, 2011

Branding Basics Therapy

February 6, 2014

Taking the Plunge from Stay at Home Mom...

August 13, 2012

Website Marketing Terminology

May 9, 2011

6 steps to starting your own business

June 19, 2013

Leave a Comment Cancel Reply

Keep in touch

Facebook Twitter Google + Instagram Pinterest Snapchat

SEARCH

Recent Posts

  • Decadent Mushroom & Broccoli Tart

    February 22, 2021
  • Heart Krispie Treats

    February 19, 2021
  • Prawn, Avocado & Citrus Salad

    February 19, 2021
  • Monster Breakie Sandwich for your Fella

    February 12, 2021
  • Caring for Children with Asthma

    February 10, 2021

SUBSCRIBE TO NEWSLETTER

Subscribe to the MomTalk Newsletter!

IN ASSOCIATION WITH

SA Mom Blogs

South African Kids and Parenting Blogs

Follow my blog with Bloglovin

My Story

About Me

Mom Talk is my story and inspiration and the place I aim to share, motivate, help and inspire other Moms. Read more…

Recent Posts

  • Decadent Mushroom & Broccoli Tart

    February 22, 2021
  • Heart Krispie Treats

    February 19, 2021
  • Prawn, Avocado & Citrus Salad

    February 19, 2021

On Pinterest

Stay In Touch

Subscribe to the MomTalk Newsletter!

  • Facebook
  • Twitter
  • Instagram
  • Pinterest
  • Linkedin
  • Email

@2018 - MomTalk. All Right Reserved. Legal


Back To Top