Insurance

It’s the start of a New Year and resolutions are in the air! You’ve vowed to lose weight, dwell on the positive, and renovate the kitchen. You’re going to spend more time with your family, take up a new hobby, and find out what the big deal is about yoga.

10 key decisions for business owners

Key decision 6 - What can you do to deal with the unexpected?

Would your business be prepared if a catastrophic event occurred? Do you have a plan to cover the potential loss of a key person through choice or due to serious illness, disability, or death, or to mitigate the consequences of a divorce, which can have a substantial impact on a family business?

10 key decisions for business owners

Key decision 5 - How will you reduce your risk?

As a business owner, you’ve worked hard to accumulate your assets, so it is important to take precautions to protect them from risk. Following are some strategies that may help.

Protect personal assets

Canadians love being homeowners. Accord­ing to Statistics Canada, two-thirds of us own the places we live in, and we spend close to 30 per cent of the family budget on our mortgage or rent, and on home repairs.

But while home ownership is important to most Canadians, many don’t have a plan to keep their homes if the wage earners in their households become sick or die.

Do You Know your Home Office Insurance Needs?

 Your business is just started so that you may not even have an office and are working from home. It’s just you and your computer in your den or you and your tools in your garage.

What happens if something goes wrong in your home work area? What if someone steals your tools or your computer gets trashed in a base­ment flood or a fire?