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NEW! Is Now the Right Time to Buy Gumball/Candy Machines for Passive Income?
Vending Millionaire? How Much Can I Make?
8 Ways to Pay For Your Vending Machines
Power Tips I Used to Locate 100 Machines in the last Year
Will I Need
Business Insurance?
Use your Home as a
Bank to Pay for Machines
How
Much Time will it take?
Optimum Route
Size
Figuring Your Cost Per Vend for Higher Profits
Quick Ways to Increase Sales, 1
Quick Ways to Increase Sales, 2
What Can I Sell in My Machines?
Hard to Vend Items
5 Things to think about Before Buying Machines
What Type Machines are Best?
What about Vending Locator Services?
Investing Your Tax Refund
Talking to Bankers
The Real Costs of Running a Vending Business
Grow the Person, Grow the Business
Great Business Reading
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Insurance Options for
Your Business
Business Insurance
is every bit as necessary as health insurance or life insurance.
While not everyone has these types of insurance, you should seriously
consider business insurance from the beginning of your company, regardless
of its size.
Most home insurance companies offer some type of
coverage for business insurance. There are also companies who
specialize in coverages for businesses which can tailor coverage for your
company's needs.
The best way to begin is to get an insurance
company recommendation from a business owner you know. You can also pick up
the phone and start calling companies. Online searches for insurance
are also good, but eventually you'll like have to speak to someone in
person to give the details of your business.
One
of the main coverages you will want is liability
coverage against lawsuits. Check with your attorney for specific coverages
needed. Read the fine print in your coverage with the insurance company.
If you don't understand it, go through your policy line by line with an
agent until you clearly understand what is covered.
You many also consider
life insurance as a hedge against leaving massive debt to your heirs
in the case of death. Term insurance is relatively cheap and a
great hedge (protection) against leaving hundreds of thousands of dollars
of business debt to pay off should you pass away.
Another consideration
(especially if self-employed) is disability insurance. Many
companies offer this. Aflac is a company that has made this insurance
more popular recently with their "Aflac duck" commercial (I'm not
recommending them, but the duck is priceless!)
Think carefully about your
insurance needs. It's worth the time as insurance can help preserve your investment in
your company and your family should something drastic happen to you as the
business owner.
Mark Evants
(C) Christmark Enterprises,
LLC
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