Although captive insurance is a beneficial business option for a growing company, certain steps must be taken in order to use it effectively and efficiently. Typically, businesses that are in the early growth phase lack the proper funds that are required to generate consistent sales. As a result, most managers who run a growing business aren’t able to buy other polices that can provide financial perks along the way. If you’re in this situation, you may be able to secure a reasonable captive insurance policy and protect the company by implementing a few easy procedures. This strategies should only be used when a company must operate for a limited time without traditional business insurance.
Mount Fire Alarms in Strategic Locations
Without business insurance, a fire could easily damage important paperwork. In order to stop fires before the flames reach locations where important items are secured, commercial-grade fire alarms should be … Read the rest