Property insurance tips for business owners

Property insurance tips for business owners 1

Almost all experts will advise that you take out a policy that will protect your possessions if your property is damaged. However, many small business owners don’t know what they should look for when they take out an insurance policy. They often fail to take out a policy that provides sufficient coverage in the event everything is destroyed. You are much better off knowing that before an accident and finding a new policy.

Here are several tips to make sure that you have a good policy in place in case of a disaster:

  • Always review different quotes. You should always shop around before making any purchase. Property insurance isn’t any different. You want to make sure that you understand both the terms of the coverage and the premium structure.
  • Estimate replacement costs carefully. What will it cost to replace the building and its fixtures if it is damaged? You may find that the costs of repairing the building will be more than the value of the building itself. Make sure your policy is sufficient to cover these costs.
  • Don’t neglect any essential equipment. Make sure that you keep track of all equipment and other capital that you have on hand. This includes computers, copiers, cooking supplies, freezers and anything else you may think of. Make sure that you provide coverage for anything that you won’t be able to do without after a disaster. You will want to make sure that you can immediately get right back on your feet if something happens to your business.
  • Review the policy regularly. A number of factors may change that will affect the costs of replacing your property if it is damaged. Make sure you constantly review these costs and update your policy accordingly. I suggest reviewing your policy every six months.
  • Make sure that your policy satisfies all legal requirements. Many jurisdictions have a number of regulations that stipulate what type of coverage you need to have. Make sure that you understand these regulations and ensure that your policy satisfies them.
  • Look for flood coverage. Most property insurance policies don’t provide coverage for flood damages. You may need to seriously consider looking for a policy that provides flood coverage if you are in an area where the risk is particularly high. You may want to consider coverage even if you aren’t expecting a flood. Floods can happen in the most unlikely places.

As a business owner, you should make sure that your firm can pick up where it left off if your structure is damaged. You can never predict when a flood will strike or a loose wire will cause a building to catch fire. Make sure that you have property insurance in case anything goes wrong.

Kalen Smith is a business and entrepreneurship writer for Blue Sky Formations.

Breaking into the security industry

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It is a known fact that most people go through at least 2 major career changes in their lifetime. That is partly because of new corporate structures that often eliminate middle management, and there for promotions. Another factor, however, is that many people just want a change. Gone are the days when 80% of workers plan to retire at the company they start with. They usually hope, sometime in the future, to pursue another path. The security industry is often one of these choices.

The security industry is also popular with young people – especially men – who have a sense of adventure. The idea that you could be in charge of security in some remote area appeals to many people. But, how can you break into the security industry?


Your first move is to find out exactly what branch of the security industry is best for you. Some people –especially night owls – like the idea of being a night watchman. It pays more than minimum wage because of the hours, and you can choose jobs that aren’t necessarily overly dangerous. Usually, to become a night watchman or mall policeman, you’ll find local training. If you have an employer already lined up, they may even pay for you to attend training.

Others want more adventure in their lives, and pursue more high profile work. For instance, your interest may be in the field of management. This is not the typical management position in which you’re responsible for making sure the floor is swept and delegating bathroom cleanup. Security managers coordinate, evaluate, and delegate personnel and their weapons for the protection of the client.

Close protection is another job you can pursue in security. This will also require its own unique form of training. Usually, you’ll find a job as a bodyguard for a celebrity, just pushing a path through onlookers. However, close protection in a hostile environment is more militaristic, and pays about five times more. It pays more because you could get killed.

IT security is right up some people’s alley. With this career, you get paid to hack into your clients’ databases. How fun is that?


So, how do you get to the security job you want? Well, first you have to get training. While local security jobs usually train locally (within 30 to 50 miles), the jobs that require military-type training may require you to travel for your education. It’s almost a “join the Navy, see the world” type of thing.

In fact, much of the security industry is manned by ex-policemen and former military who have already experienced the physical and psychological stress of handling weapons and being physically fit.

In Australia and several other countries including the UK, you will need to gain a license to do certain types of security work.
There are security careers websites that will allow you to get the training you require and also put you into the industry.

Once you get the training, you are ready to get a job. But, how do you do that? You can begin your search with online recruitment websites, you may also have your instructor recommend you. That’s actually how most security jobs are handled – through personal recommendation. So, if you do well with your training, you can usually write your own ticket.

About the author: Fred Burns is currently working for one of the UK’s leading websites for security training and ex-forces career enhancement. In his spare time he enjoys writing and helping others strive for success.

How to launch a business with no funding

How to launch a business with no funding 3

If you have always dreamed of starting your own business, or if you are looking to start a new, new business after your last one went South, then one of the things you are going to need to get started is cash. Money is the great enabler and unfortunately without it can be hard to get the equipment you need, to pay the rent while you set up, or to market and promote your products and services.

It’s for this reason that many people will simply give up on their hopes and dreams and will not pursue that dream business. If they can’t get a loan, or don’t have the capital, then they will often just surrender to the idea that it isn’t going to happen for them.

Well I’m here to tell you that it can happen – and that there are many ways you can start your business without huge amounts of capital.

Boot Strapping: Boot strapping means literally pulling yourself up by your own bootstraps, and if you have the right business model and attitude then there are several ways this can be done. What you need here is to come up with a business model that will provide you early on with at least a small income stream that you can then use to pay for the more ambitious aspects of your business.

Let’s say that you want to launch the next ‘Apple’ then (nothing wrong with ambition…). Well rather than waiting until you can afford your own manufacturing plant, materials and company, why not start off by just selling computer parts to consumers? You could do this with a website that had affiliate links and then use the money you raise for that to eventually start buying wholesale stock, and then eventually increase that stock until your profits are enough to start designing your

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The Time: But still though… when are you going to find the time to do all this while holding down a job? Well the answer is at the weekend and in the evenings. This way you can start to increase profits while you’re not relying on them, until eventually you’re able to quit your day job. You can even take your holiday and use it to just focus on one of your projects.

Outsourcing: You’d be surprised at how much can be outsourced incredibly cheaply these days. For example? POD publishing. This means ‘Print On Demand’ and essentially it allows you to upload a PDF or a text document to a company and then have them print off copies of it as a hardback or floppy back book each time a company or individual puts in an order. This means you don’t need to buy your own printing press to become a publisher, and it means that you don’t need to invest in a large bulk of your own books up front – no investment necessary.

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The Power of Teamwork: You probably aren’t the only person with aspirations to be the next Steve Jobs, so if you can find other like-minded souls who share a vision then you can pool your skills and resources to achieve much more. At the same time you can use freelancers and the helpful denizens of the internet to answer a lot of questions and get a lot of things done. Kickstarter meanwhile offers the ultimate answer for crowdsourced funding – allowing you to raise donations from thousands of people in exchange for discounts, credits, creative influence or any other terms you think will attract the right funds.


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Cheap Options: Meanwhile think about how you can get the tools and supplies you need more cheaply, or even avoid buying them altogether. Do you need an office for instance when there’s free WiFi in the local café or your basement? And if you do have an office, why not consider heading to a liquidation auction to get yourself some cheap furniture?

Matt Davison is an Australian based business executive having more than 10 years of experience. He is known to render quality services to clients demanding expeditious company registration procedures for setting up their business.