Insuring Your Business
As a general rule, the more information your insurance agent has available, the better he or she will understand the insurance needs of your business. Be prepared to provide your insurance agent with information about your background, experience and qualifications for the business you are running; the company's financial history and current status; a list of current assets and even a profit-and-loss statement. If it is a start-up business or less than three years old, bring in a detailed business plan so the insurance agent can generate a solid understanding of what you are doing today, how you do it and how you hope to evolve in the next few years. Include information on third-party vendors such as the server host, payment processor, fulfillment house, and any other companies with whom you have signed a contract in order to operate and maintain your business. The details of those arrangements will be critical in making sure you get the best advice and the best business insurance coverage.
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