Insurance – Questions to consider:
- Has the business considered applying for a Credit Insurance Policy?
- How often do you review your insurance needs?
- Have you established procedures for when a claim arises?
- Is a non-involved employee/management person allocated the responsibility of liaising with the insurance company/brokers for claim preparation?
Have you prepared an insurance checklist to ensure all the potential problem areas have been considered for insurance covers?
Does the business have Key Person Insurance Policies?
Does the business have Buy/Sell Agreements backed with insurance covers?
There are over 50 questionnaires relating to the preparation of a Business Plan. In the next issue we will consider Quality Assurance.
