Business Plans

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.