05 Jun 2007 | Comments |
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Protect Your Business with Keyman Insurance
Keyman or key person is the business main assets that ensure the business growth and prosperity. In layman term, if the key person dies, most likely the business will follow the same path. In a small business operation, who is the key person? The key person usually is the owner himself, or it might be the marketing sales team. If you consider blogging is a business, who is the key person? Even a fool knows that the blogger who maintains the blog is the key person.
The key to protecting the business is to insure its key persons. Andrew Carnigie once said
Take away my factories, my plants; take away my railroads, my ships, my transportation; take away my money; strip me of all these, but leave me with my people, and in two or three years I will have them all back again.
If you are running a business, how much would you insure your car? How much would you insure you factory? How much would you insure your machines? If your car is worth $50,000, I am sure you will insure the value accordingly. Some businessmen insured their factory worth million dollars but yet left themselves uninsured. This is an ironic business sense.
If you are running a business in
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June 5, 2007 at 2:42 pm
[...] Protect Your Business with Keyman Insurance If you are running a business, how much would you insure your car? ...
July 19, 2007 at 9:38 am
[...] Lesson 3: Insure your business [...]