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1. Analyze the items on your balance
sheet. This is the first step toward deciding what should
be insured.
2. Be sure to insure your business
real and personal property, public liability, workers
compensation, business overhead, key person life, and
major medical expenses.
3. Take a good look around --- what
can't your business survive without? Identify the possible
property, net income, legal liability and personnel
losses that would impair the income or existence of
your business.
4. Use the "worst case"
scenario method. Think of the worst possible loss, what
would be destroyed and in what position you would find
yourself because of that loss.
5. Invest the time to read your policy
and ask your agent to thoroughly explain your present
coverage in easy-to-understand language.
6. Ask your agent to identify and
explain for you the insuring agreements, conditions,
exclusions and property and events not covered for each
policy type you have.
Any other questions? We'll be glad
to help. Call 860-283-0278
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