Business Report

What You Can Do as a Small Business Owner to Shield Yourself From Financial Disaster...

Michael G Campbell Insurance Agency, LUTCF 4216 N. Brown Ave Scottsdale, AZ 85251 staff@michaelgcampbell.com Office: (480) 831-6103 FAX: (480) 945-0999 Toll Free: (800) 467-9006

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Your business is your greatest liability. Your business faces no shortage of potential disasters: fire, flooding, theft, equipment breakdown, loss of key financial records, lawsuits from disgruntled customers and possibly former employees, and other disasters you haven't even considered.

Would your insurance program cover the revenues you would lose? Would it help you pay your bills in the absence of your usual revenue stream? Would it reimburse you for the expenses you incur in getting your company back up to speed?

You need insurance to cover anything that can shut down your business or cause it to operate at less than full capacity. Anything less than that is not adequate.

• I’ve been working with small business owners for a long time, and I’ve heard every horror story imaginable. We were able to take care of my clients’ problems quickly and easily. Why? Because we were prepared. In this report, I will tell you how to be prepared. I will tell you how to get peace of mind in just four steps:

  1. Design a disaster recovery plan for your company.
  Insurance cannot cover everything and all coverage has limitations. So you need a recovery plan that allows you to get back up and running as quickly as possible.

  For this recovery plan to be effective, you need to do the following:

  • Make duplicate records of both computerized and written documents.
  • Identify the critical business activities and the resources needed to support them.
  • Plan for the worst-case scenario. Do research before a disaster strikes on alternative facilities, equipment and supplies, as well as alternative contractors.
  • Set up an emergency response plan and train your employees. Consider alternative power sources and communication systems and supplies, such as first-aid kits and flashlights.
  • Compile lists of important phone numbers and addresses, including those of local and state emergency management agencies, major clients, suppliers, your bank, your insurance agent and claim representatives for your insurance companies, as well as phone numbers and addresses for your staff. These lists should be kept off-premises, perhaps in a safe deposit box.
  • Implement a communications strategy to prevent to the loss of clients. The strategy should enable your clients to contact your company at its new, temporary location.
   

  2. Have a business insurance specialist conduct a risk analysis of your company and its operations.
  No two companies are the same, even two that are in the same business. You have your own building, your own computer system, your own equipment, and your own staff. You need an expert to assess your company and the specific risks it faces--and put together a comprehensive insurance plan that protects you.

  3. Use a reputable insurance agent.
  As a business owner, you want a professional insurance agent to represent you, an agent you can trust to provide quality work. You want an agent who specializes in business insurance coverage for your business, while providing competitive rates.

  4. Don't trust the financial protection of your business to an insurance agent who does not specialize in business insurance. Don't trust the future of your business to someone who does not have a comprehensive understanding of the special problems that small business owners like yourself face every day. A specialist? Absolutely. Insurance is a huge industry. There's insurance for everything. (You want alien abduction insurance? You can buy it.) The MICHAEL G. CAMPBELL AGENCY, INC. specializes in business insurance.

  Mike offers:
  • The best comprehensive coverage and competitive rates for small businesses
  • Specialized coverage
  • The best claims service, 24 hours a day, 7 days a week.
  • No Charge, No Obligation.
  
  He does this because he's built his business on his reputation. Mike is in the service business. The better service provided, the better it is for everyone involved.

  Mike's clients stay with him because of his service- and they refer Mike to their family and friends. Mike serves the insurance needs of business owners in our community better than anyone in this area- in any profession.

  Contact Mike today!