To answer this, let’s first think about what insurance is. It is part of risk management. The risks in business, as in life, are always present. They are managed by avoidance and by monetary coverage if they can’t be avoided.
This is a type of insurance that comes into play when an employee is injured on the job or when performing official business duties. Usually, this insurance pays money to the injured party instead of you being sued for damages.
High deductibles lower your insurance premiums. In effect, you are assuming some of the risk of loss yourself. If you can afford to handle the loss represented by the deductible, and if the probability of occurrence is low, a high deductible is probably a good choice.
Funded in part through a cooperative agreement with the U. S. Small Business Administration. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the MCC SBDC office, 1-800-349-7232 or 254-299-8141.
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Geo-Center Motorcycle Training, LLC approached McLennan Community College Small Business Development Center to determine the services available to a start-up small business. The results have been a fantastic response from the Staff at MCC SBDC and continuously encourage this small business owner.