Spillly with 3 Ls


Posted on September 14th, by spillly in Business, Mentoring. No Comments

King Price Spillly

Most small business owners are so caught up with running their company that they don’t think about planning for the unexpected. Nevertheless, short term insurance (classified because your needs change over time) should be high on any entrepreneur’s to-do list.


The type of insurance you need depends on your business and the replacement value of your equipment. A good first step is to do an inventory of all your business-related equipment and attach a value to it. When you’re running a home-based business, it’s vital that you cover your office equipment. Bare in mind that a home office is covered by personal insurance, but a home business is not, so as soon as your home becomes your primary place of business you must notify your insurance company.


You may also want to consider specific insurance to cover you against an array of different issues, such as personal and product liability to cover against a lawsuit, business car cover, and data insurance to cover against the loss of business data and Fire damage. King Price Business Insurance now also covers items like:


  • Business Interruption
  • Accounts receivable
  • Money
  • Glass
  • Fidelty
  • Goods in Transit
  • Electronic Equipment


A business owner’s policy (BOP) offers all required coverage a business owner would need often at a lower cost. Often, BOP’s will include business interruption insurance, property insurance, vehicle coverage, liability insurance, and crime insurance, and based on your company’s specific needs, you can alter what is included.


If you’re self-employed, consider an Income Protector benefit that ensures a steady, tax-free monthly income to cover your financial obligations if you lose part or all of your income if you’re unable to work due to illness or injury. These policies will pay out until you return to work or for a fixed period (usually 12 or 24 months). When it comes to life insurance, if you have a family or other people depending on you, it’s definitely recommended. However, if you have only yourself to worry about, you may be better off putting your money back into your business.


If you aren’t too clued up on insurance, consulting an insurance broker may be your best bet or go direct to King Price Business Insurance.  Create a unique and cost effective package deal best suited for you and your business.


Remember, King Price Business Insurance has a decreasing monthly premium that just makes sense for your small business – how do they even do that!??


[This post was sponsored by King Price Business Insurance. When it comes to insurance, everyone’s business is their business.]

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