Chapter 4: Managing Risks as a Marketing or Management Consultant
By now you understand how business insurance works and the types of policies that benefit independent marketing and management consultants. But it's important to realize that risk management does not begin and end with small business insurance.
The most effective risk management plans try their best to avoid claims by preventing loss. Why? Well, just because we sell insurance doesn't mean we don't understand that insurance claims can take up time and energy that business owners are better off using elsewhere. Additionally, a clean claims record keeps your insurance rates as low as possible.
That way, your insurance can act as a safety net for those times where your business faces unavoidable loss. Below we provide you with some risk management tips that might be able to save you money on your insurance premiums. Next, we discuss how you can save money on your quarterly taxes. Finally, we outline the most important, risk-mitigating parts of an effective contract.
Next: Part 1: Risk Management Tips that Keep Your Insurance Rates Low