Insurance and Networking Businesses

The information provided is only as guide to provide you as an interested person a base line so that you will consider potential pitfalls. And get professional assistance to ensure you get the right insurance for your needs.

Insurance Types Protection with insurance should be considered as potential liabilities, asset and income.

A liability can be to the employee (if you employ someone) or the public. If you are in business and want to set up at an organised event, the business owner should have an insurance policy that covers that exhibit and anyone operating as part of the exhibit team.

To cover an employee, it is for Workers Compensation and each State/Country has different laws surrounding employees. To protect yourself from liabilities that may arise from encounters with the public such as events, it would be in the form of products sold, or supplied or through professional negligence.

Asset Your policy needs to be designed to suit your needs and stands alone. It may be for theft, fire, breakdowns, etc. Your premiums are set on what the risks are that you want covered.

Income Usually this covers your loss of income or profits due to what risks were outlined in the policy • Result of fire damage • Injury • Death • Partnerships

are examples.

You need to seek professional assistance to have your needs assessed. Be particular about the insurance you choose.

• Ensure you are assessed for the risks associated with liabilities, assts and income

• Read the small print on your proposal forms

• Make sure you have adequate public liability as this covers any liability you may incur to another person or their property.

• Insurance is a method you pay for to shift the onus for any liability from you to the insurer. It does not alter the law.

• Make sure you engage a reputable insurance expert to obtain adequate coverage.

Learn more Insurance was just one area of becoming successful