Have you ever talked to three different insurance agents representing three different companies offering different coverage and it was thought that fits the three covers for your company? Well, you're in good company. Every company should believe that the coverage is good for you, but conducted its own analysis and, possibly, make their own decision is still the way forward.
Now, there is no doubt that every company should have some type of cover if you want to avoid going down risk Because unexpected event, But top. The type of coverage of a purchase of a business depends on a number of factors, including its size and the nature and scope of their activities. Understanding why and how the needs of enterprises should be determined by the direction of the organization, in close collaboration with key personnel, such as accounting or finance director.
One of the first things you need to do is to conduct a comprehensive review of the company's activities. This includes both fixed and current capital ie. All capital investment and the activities generating the money should be evaluated by the accounting organization or the chief financial officer, after which an evaluation of these points can be made.
To obtain the range of management best suited to critically examine the activities of the company. It must take into account all stakeholders and suffering if normal operations are interrupted - customers, employees, regulators, suppliers and any other important part - and the review of costs to business interruption Such.
The company should also determine how it will pay for accommodation. The premium paid on the lid of the property depends on whether the company wants to cover your property rates in the market and the original (sometimes called "historical") the value of the property.
If the bridge is in current market conditions, and in case of loss or damage, the activity will be replaced by the value of assets over the market when demand for commercial insurance operations. So if the damaged assets is no longer in production and has since been overtaken by technological advances, the corporation will receive a refund of the amount on assets Would returning to normal.
