3 Types of Insurance You Need for Your Import Export Business
Get the lowdown on the specific types of insurance you need to protect your import/export business. The following excerpt is from the Staff of Entrepreneur’s book Start Your Own Import/Export Business. Buy it now from Amazon | Barnes & Noble | IndieBound You’ll need insurance for many aspects of your import/export business, from employees to cargo. Read on to find out more. Insuring your employees Once you hire employees, you’ll need to think about caring for them. Workers’ compensation insurance laws vary among states; check with your insurance agent for details in your area. Workers’ comp covers you for any illness or injury your employees might incur on the job. If your employees work in your home office and get injured there, your homeowners’ insurance may refuse to pay on the grounds that it’s actually a workers’ comp case. Check with your insurance agent regarding what you need, then make an informed decision. Continue reading... Source: https://www.entrepreneur.com/article/288063
Get the lowdown on the specific types of insurance you need to protect your import/export business.
The following excerpt is from the Staff of Entrepreneur’s book Start Your Own Import/Export Business. Buy it now from Amazon | Barnes & Noble | IndieBound
You’ll need insurance for many aspects of your import/export business, from employees to cargo. Read on to find out more.
Insuring your employees
Once you hire employees, you’ll need to think about caring for them. Workers’ compensation insurance laws vary among states; check with your insurance agent for details in your area. Workers’ comp covers you for any illness or injury your employees might incur on the job. If your employees work in your home office and get injured there, your homeowners’ insurance may refuse to pay on the grounds that it’s actually a workers’ comp case. Check with your insurance agent regarding what you need, then make an informed decision. Continue reading...
Source: https://www.entrepreneur.com/article/288063
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WHAT DO YOU GET FOR YOUR MONEY?<br />
Peace <strong>of</strong> mind, <strong>for</strong> one thing, as with all insurance. And, in the event <strong>of</strong> a cargo<br />
misadventure, your insurance coverage should include enough to repay you <strong>for</strong> not only<br />
lost or damaged products but <strong>for</strong> your extra time and trouble and those lost pr<strong>of</strong>its.<br />
<strong>You</strong>’ll want to purchase all-risk insurance, which covers your cargo against everything<br />
except man’s inhumanity to man -- war, strikes, riots and civil commotion -- and inherent<br />
vice in the cargo. What is vice, you ask?<br />
It refers to any sort <strong>of</strong> plague or pestilence that might attack your cargo, such as boll<br />
weevils in those gorgeous cotton blankets or E. coli on your Texas steaks.
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