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NEW! Gumball Machine Toys: Adding Toy Capsules to Your Bulk Vending Strategy
NEW! Sugar Free Gumballs: Should I Sell Them?
NEW! Beaver Vending Machines: Review of Their Gumball, Toy, and Candy Machines
NEW! Vending Toy Machines – How to Start to Sell Toys in Your Bulk Vending Machines
NEW! Tattoo Vending as a Part of Your Bulk Vending Strategy
NEW! Table Top Vending for your Bulk Candy Vending Machine and Gumball Machine
NEW! Buying Candies Bulk for Your Candy Vending Business
NEW! Vendstar Complaints Problems With Gumballs
Profitable Bulk Vending From the Start
Using Rubber Bouncy Balls as Bulk Vending Machine Money Maker
Using the Power of the Gumball in a Bulk Vending Business
View Your Machines as Income-producing assets
Vendstar 3000 Vending Machine Problems
Power Tips I Used to Locate 100 Machines in the last Year
What about Vending Locator Services?
Optimum Route Size
Residual & Passive Income - A Great Overview
8 Ways to Finance Vending Businesses
5 Things to think about Before Buying Machines
Quick Ways to Increase Sales, 1
Quick Ways to Increase Sales, 2
Grow the Person, Grow the Business
Is Now the Right Time to Buy Gumball/Candy Machines for Passive Income?
Vending Millionaire? How Much Can I Make?
How Much Time will it take?
Will I Need Business Insurance?
Figuring Your Cost Per Vend for Higher Profits
What Can I Sell in My Machines?
Hard to Vend Items
What Type Machines are Best?
The Real Costs of Running a Vending Business
Economic Downturns and Bulk Vending
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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