Like most small businesses, you probably can’t self-insure (pay for losses out of pocket) because you can’t afford the risk for substantial financial exposure. You need insurance. But you may not have the type or amount of coverage that is necessary for your protection at this time. Most small business owners routinely renew policies year after year without thinking about how changes in their business affect their risk exposure and coverage needs.
>> No Business Credit? Here's a Simple Strategy to Get Credit and Conserve Cash Flow
If you plan to take out a loan for your business, buy equipment, open a business credit card – just about anything that requires borrowing money – having business credit is essential. But if you have no credit established in your company’s name what steps can you take to make your company attractive borrower?