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Ways To Insure Your Business Determine what risks your company and the industry in which you operate are exposed to. Use common sense, if possible, seek advice from more experienced entrepreneurs in your field. Perhaps there are typical incidents in your business that can bring losses, and you do not know about them yet. Take an example of candle making company you well aware about it a little fire cause too much damage. So, in order to protect your business from those damage you make sure what kind of coverage you need to cover those damage, how much is candle insurance going to cost you, for employee safety and many other things you make sure that covers.Find a suitable offer. Usually, insurance companies offer ready-made packages for small business insurance. Most often, these packages cover not only property, but also basic business risks. If there are no suitable offers, create your own. You can conclude a personal contract.  Company owner refi risk If there is not enough money in the debtor's accounts to pay off the debt, the bailiff can confiscate the property.At best, you simply will not make a profit, and at worst you owe so much that you will have to answer for your ventures with your own savings and property. Is it possible to make sure that in case of an unsuccessful scenario, you will not be left without money and an apartment?You can register your own business as an individual or a legal entity. The degree of your risk will depend on this: what you can be sued if, for example, you cannot repay a loan, owe money to your own employees and suppliers, or are obliged to compensate someone for the damage caused.  Risk of an individual entrepreneur? Individual entrepreneurship has its advantages like fewer documents are required to register a business, in addition to this, individual entrepreneurs are not required to keep accounting records. But if the business goes out of business.Then the individual entrepreneur may lose not only goods and premises for work, but in some cases also personal property: for example, a car, an apartment, and even a cat or a dog. When an individual entrepreneur turns from a wonder businessman into a debtor businessman, then first, by a court decision, the bailiffs will write off money from his accounts. The risk group includes accounts and deposits both in rubles and in foreign currency, but the currency will be taken away only if the ruble amount does not pay off the entire debt.   Insurance risks Cases of sudden and unforeseen occurrence of the events listed below, namely: Purposeful (targeted) computer attack, the purpose of which is to seize control (increase rights) over the Information System of the Insured, or destabilize it, or denial of service, illegally committed by Third Parties Introduction of Malicious computer programs (viruses) developed by Third Parties into the Information System of the Policyholder.

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