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The subjects discussed in this risk management guide should heighten your awareness of business insurance and encourage you to consider carefully the various insurance programs and options available on the market.

It is imperative that all small business owners and managers understand the various aspects of insurance and how it can help a firm be more successful.

Your Independent Agent is your key to protecting your business and ultimately, contributing to your success. Multi-line agencies can provide a comprehensive range of employee benefits, property/casualty and financial services to small businesses.

In addition to helping you identify, minimize and in some instances eliminate business risks, this risk management guide includes a Checklist to help you strengthen your insurance program and provide guidelines for discussions you should have with a qualified insurance professional. A Glossary of Insurance Terms is also included to provide simple definitions for the highly technical terms you will encounter when selecting insurance for your business.

RISK MANAGEMENT AND THE SMALL BUSINESS

Is your business a risky business? You bet! Every small business is. Just think for a minute about the hundreds of things that most business owners worry about. A few are predictable or, at the very least, are items that you can plan for and perhaps even control to a certain extent, such as:

expected sales volume
salary costs
taxes
overhead expenses
equipment and supply costs
the price you charge for the goods or services you offer to your customers

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