5 Underinsurance Mistakes to Avoid as a Startup

Avatar Posted by MarkMcKenna under Management
From http://www.startupnation.com 3423 days ago
Made Hot by: sundaydriver on July 3, 2015 7:12 am
With up to 75% of businesses found to be underinsured it is important to understand how to avoid the most common mistakes that result in up to 40% of businesses being unable to re-open following disaster.





Comments


Written by MarkMcKenna
3409 days ago

Hi Lyceum.

In most cases the underinsurance is due to a miscalculation of ‘market’ versus ‘total value’ of property. So it is important to understand the FULL re-build costs of your business, as well as including cover for business interruption.



Written by lyceum
3409 days ago

Mark: Thanks for your input!



Written by lyceum
3421 days ago

What is the main reason that a company (owner) is underinsured?



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Share your small business tips with the community!