Debunking the $2k insurance myth
By Tony Young · 17 August 2012 · Hot Tips
By Tony Young · 17 August 2012 · Hot Tips
You may have paid $2000 last year, but that doesn't mean it's still the right amount today. Don't risk under or over-insuring your business - find out the surprising reality behind the $2000 insurance myth.
Call it an insurance misconception, but many business owners have a fixed idea of what they believe is an appropriate amount to pay for insurance. If they paid $2000 last year, they think $2000 will do for this year. But when every other aspect of your business could have changed, why would the same amount still be valid to protect you into the future?
Tags: business insurance, Business Liability, Insurance, insurance audit, insuring a business, managing a business, Professional Indemnity insurance, what to spend on insurance