Insurance for Living Today...Is your business adequately covered?

Author:

Susan Regier

Most people don’t give insurance much thought. They know they need it but it’s not something they spend time dwelling upon. In fact, 88% of families are not aware of their insurance coverage…but Nancy Kirwin is working to change that perception.

With nearly twenty years of insurance industry experience, Nancy, an insurance service specialist/agent with Townsend Mutual Insurance, understands the ever changing requirements of her clients. Working from a home-based office, Nancy personally meets with her clients in the commercial, residential, and farming sectors.

One of the greatest thrills Nancy has in life is helping other people. It started as a young child when she was enthralled with the older gentleman (the insurance agent) who came to visit her parents each year on the farm where she grew up. It was always a big deal to sit at the kitchen table and review their policies to make sure the family was properly insured…and that feeling led Nancy to her work in helping other families experience that same sense of security.

Today, more parents are opting for a home-based business so they have more choices. The flexibility component is a huge bonus with growing families. Parents can schedule work after their children’s bedtimes so they can attend special activities during the day, without the guilt pressure of co-workers and bosses.

But when setting up a home office, it’s imperative that adequate business insurance is considered…and this isn’t a one-size-fits-all policy. If you operate a business from your home and have not informed your agent or broker, you run the risk of being denied from a claim if something happens.

The type of business, equipment, inventory, and liability issues must all be taken into consideration when assessing your insurance needs. Here are a few tips Nancy suggests to help ensure you are protected:

1. Establish a relationship with your insurance agent or broker. Make sure you let him or her know when you purchase new equipment, change locations (home biz to store front), or participate in a tradeshow.
2. Auto insurance must be rated appropriately if you use your vehicle for business use or have clients ride with you.
3. If someone else drives a vehicle for business use on your behalf you need to protect yourself with non-owned auto insurance. Policies should have inclusions and exclusions based on your unique business.
4. Review policies at least once a year, preferably every 6 months.
5. Be sure to have disability insurance, which is based on your earnings.
6. Save money by having higher deductibles – you’re not self-insuring for small losses.

Insurance is for living today. It pays to make sure you are adequately covered…and not paying too much.

Susan Regier is the publisher of www.NetworkingToday.com, London’s online business resource, and head writer of Vantage One Writing, a professional writing service for businesses. 519.471.8726 Email: susan@vantageonewriting.com Web site: www.vantageonewriting.com

Taking Networking to a Different Level

By Susan Regier

Imagine…being in a room filled with nearly 400 women (and a few men) – talking, shopping, and simply having a good time. And all the while, you’re making new connections with each introduction. Think of the possibilities – and the opportunities.

This is what happened last month when three good friends decided to do something they had never attempted. Often, ideas such as “wouldn’t it be great if…” or “you know, we really should…” are tossed around in social settings but these thoughts soon fizzle as the real world takes over.

While chatting over glasses of wine, the friends came up with a simple idea of what women really like: drinking wine, shopping, and having fun with their sisters…and then set a plan in motion to combine these elements, creating the successful venture: Wine, Women & Shopping, a unique shopping experience to celebrate sisterhood.

Now don’t get me wrong, this extraordinary event didn’t happen overnight – or over one glass of wine. It took more than a year of planning and reaching out to friends, business associates, and networking contacts. And we have had fun planning it and watching it breathe life.

The three friends included Nancy Kirwin, an insurance agent; Jennifer Murray, The Nimble Assistant, a virtual assistant; and Sue Regier (that’s me), head writer with Vantage One Writing and publisher of Networking Today. Three good friends, three completely different fields of work, and three diverse – and extensive – contact lists. We came together with one goal in mind – to help our sisters in need. Mix these elements together and you have a powerful force to be reckoned with.

At times, our sisters in need included one of us – on a revolving basis. Everyone experiences major upheavals in life and they can’t be put on hold because you’re planning a special event. Because of our “sisterhood” and our focus, we were able to help each other through some of the toughest moments of our lives this past year and get back on track. You could say, Wine, Women & Shopping helped the three of us to maintain a semblance of normalcy in the face of adversity.

And at times, we faced outside negativity. We were told that it would take two to three years to sell out an event of this caliber in our city. But the person who said that did not understand our networking talents. We quickly exceeded our original goal of 200 attendees, found more seats, and once again sold out fast…and the requests for tickets kept coming.

We chose to create a fundraising event to help My Sisters’ Place, a transitional support centre in London, Ontario for women who are homeless or at risk of homelessness. (Click here for more information on My Sisters’ Place.) We used our media contacts for free publicity (including this Web site) and then it was word of mouth promotion through our networks to get the ball rolling.

In the words of Janet Christensen, one attendee, “Not only did you help My Sisters’ Place, you demonstrated the power of intention and collaboration and hopefully inspired some other people to take action.”

All it takes is an idea. Talk to your friends and business associates, find a good cause, and watch the ball roll. It’s a great way to increase your circle of connections, which is how business grows…and you’ll be doing something to give back to your community. But always keep in mind the main ingredients for success – be passionate about what you’re doing and have fun along the journey.

Take some time to sit and enjoy a glass of wine with your friends – you never know what may transpire.

Susan Regier is the publisher/editor of Networking Today and owner of Vantage One Writing, a professional writing service for businesses. (519) 471-8726 Email: regiers@vantageone.ca Web site: www.vantageone.ca