We purchase insurance on ourselves, our home, private autos, business vehicles and everything else we own, certainly hoping that nothing ever happens that would require us to actually use it, but preparing for the “unknown”, just in case. Risk could be defined very simply as “a potential unknown occurrence”.
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As business owners, we face a multitude of risks each and every day from:
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So, we now understand some of the risks associated with the operation of our business, what do we do about it?
Well, we have a couple of choices:
- Keep the risk and pay for any potential damages out of our pocket
- Pass the risk, at least some of it, to someone else
Insurance, whether personal or business, was designed to protect against the unknown - the risk of a future event.
Other Insurance Maze Articles of Interest
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- Buying Insurance Online-Is That A Good Idea?
- Auto Insurance - 5 Auto Insurance Savings Tips
- Dental Insurance Plans - Things To Consider
Discount Dental Plans Under $20
Nationwide Dental Plan Provider Network. Savings on both preventative and restorative dental services. Savings on prescription drugs, vision care, and chiropractic care.
Discont Health Plans Under $60
Nationwide Healthcare Network. Healthcare savings for your entire household under $60 per month.
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October 19, 2007





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