We humans have some very strange behaviours. One of them is being superstitious about all sorts of things. Of course, I'm not superstitious even though today's article is the 13th I've put together in this series! As you will see in today's article,
one way to deal with disasters in business is to have appropriate and adequate insurance. Enjoy!
Author's Name: John Corcoran TC,BA,Assoc.Dip.Small Bus.(The AffiliateAngel)13
PROTECTING YOUR HOME BUSINESS AND EQUIPMENT
The success of a business, whether large or small, is largely dependent on
hard work and ingenuity. No matter how industrious you are, one disaster can
wipe out all your profits and even the business. There are several ways to
protect your business equipment.
When buying equipment for a home business, buy the extra extended warranties.
The longer the warranty, the more the cost, but it is worth it. One trip to
the repair shop can exceed the cost of the extended warranty.
Most power problems can be eliminated with proper wiring and grounding.
Avoiding circuit overloads can also reduce electrical problems. Circuit
breakers are designed to protect against overloads and short circuits. It is
probably a good idea to have a licensed electrician inspect all the wiring in
the house before starting the business.
Properly installed electrical service meter surge protection devices used in
conjunction with individual SPDs offer a high level of protection for
business equipment. Surge protectors protect equipment by reducing power
strikes and surges. High quality surge suppressors offer reliable protection
for years.
If you are running a business from your home, you may not have enough
insurance to protect your business equipment. Most home owner policies only
cover about $2500.00 for equipment. If that is what your policy states, you
will definitely need more coverage. Simple endorsements to your existing
home owner’s policy can double your standard coverage.
An in-home business policy provides more comprehensive coverage for business
equipment. Some of these policies will pay the income that you lose in the
event your home is so badly damaged by a disaster, that it can’t be used for
a while. These policies are available from home owner’s insurance companies
and specialty insurers.
Business owner policies are created specifically for small-to-mid size
businesses. This type of policy is an excellent solution if your home based
business operates in more than one location. A business owner policy covers
business equipment on a much larger scale.
Since we humans have no control over the weather it is important to secure
your business equipment. Conduct a room by room walk through to determine
what needs to be secured. Attach equipment and cabinets to walls and other
stable equipment. Place heavy or breakable objects on low shelves. Move
work stations away from large windows, if possible. Elevate equipment off
the floor to avoid electrical hazards in the event of flooding.
Keep an up-to-date inventory of your business equipment. Also, remember to
include leased equipment that is not insured by the rental company. When you
buy equipment, record the serial numbers and store them in a safe place.
Two more tips that you might want to consider are installing a security
system and extra security lighting. You should install a security alarm and
visibly display the alarm company's shield. These extra security measures
will help reduce your extra insurance premiums.
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Author Resource Box
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John Corcoran is a retired High School Teacher of Business Studies, from NSW,
Australia. His aim is to help people to be successful while building his own
internet business. He recommends the following sites as helpful:
http://www.AffiliateAngel.biz/optin.htmlhttp://www.affiliateangel.biz/blog/http://www.affiliateangel.bizhttp://www.AffiliateAngel.biz/pips.htm
lUntil next time, just to be sure, don't walk under any ladders or go looking for black cats. Bye for now. John.
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