skip to Main Content

Book Your Tax Reduction Analysis Call

When is the last time you reviewed your insurance?

fall-j-2010-sec-1-photospage13

Sometimes as business owners we forget how important it is to make sure that all aspects of our business are covered. We get very focused on what we’re doing in the day-to-day activities and sometimes forget to look at the bigger picture. Insurance is one of these areas. And it gets commonly overlooked.

Do you have a partner in your business? Do you have a buy sell with that person? When is the last time that you reviewed how much the Buy sell insurance is for. Is it enough to cover the current value of the business?

What about your business content insurance. Have you bought any new equipment, new servers, you desks? What about manufacturing equipment?

A good insurance agent is one that will call you at least once a year to review what your business has done. Often, as I said, this gets overlooked and unfortunately if there’s ever an issue you may be left without being able to purchase replacements for anything that is not covered by insurance.

Leave a Reply

Your email address will not be published. Required fields are marked *

PLEASE NOTE: As of late Aug 2018 there was a proposed law change that would disallow a double deduction for these charitable credits at the federal level for contributions made after Aug 2018. You are still eligible for the AZ state tax credits as the change would only impact your ability to take them as charity donations at the federal level.
Back To Top