Organize your home office Celebrate Day by reviewing your Business Insurance

Tell the truth, do your home office look a little messy, cluttered, disorganized? Do you plan to get it under control as soon as you can find the time, but worry that "time" will never come? If so, you're not alone.

According to the Bureau of Labor Statistics, 64 percent of independent people do at least some work at home. For these entrepreneurs and small business owners, it can be difficult to keep the paperwork under control when there are so many other priorities on their list. And it is not only a question of where to put what. Being organized also means ensuring that your business has all it takes to function properly and profitably.

Why not celebrate "Organize Your Home Office Day" today, March 8, by getting your business environment under control. Start with the physical improvement of your space, then go a step further, examining how this space and, by extension, your company is protected.

An organized office is more efficient, more productive and ultimately more profitable. And carrying the appropriate types of business insurance protects the profitability in case of unfortunate circumstances or life events. Insurance and other benefits are also attractive incentives to help you recruit the best talent and retain and compensate your members most valuable team.

While you may think that the policies of property and liability insurance are all you or your business needs, you should be aware of other equally important kinds of business insurance .

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the objective of the business continuation coverage is to protect your family and your business in case of adversity. Options include individual insurance keyperson insurance and buy-sell agreements.

• Individual Insurance -In a business owner, you need enough insurance to cover business debts secured by personal assets. Otherwise, your family may be forced to sell or liquidate the company, perhaps at a loss to repay these debts, which may leave little or no money for their living expenses in progress. (I do not know how much you need? Use Life Insurance Calculator Life needs.)
• Keyperson Insurance -According to your business, get a keyperson insurance on some employees may be beneficial because it helps make for sales or loss of income or cover the cost of research or training a replacement should a staff member become disabled or die.
• Buy-sell agreements -In a company with shared ownership, a buy-sell agreement allows owners to purchase from the company to another owner if death, disability or retirement. Buy-sell agreements are generally funded by life insurance policies, which further allows business owners to buy the company interests on the part of a co-owner, if he or she were to die at a previously agreed price. Business owners should also ensure against the risk of becoming disabled and unable to work. In this case, disability insurance buy-out fund the purchase and sale agreement, allowing the owner to invalidate redeemed, usually after a waiting period of one year.

Employment Benefits -When working weighing offers, candidates examine both the rate of pay and the pay plan, which may include pension life health and disability insurance, as well. If you want to recruit and retain the best employees, discuss all the benefits package options (including voluntary benefit programs) with your insurance advisor to ensure that you have the right combination.

Executive Compensation -Executive compensation schemes, designed for your most valuable employees, offer a higher level of benefits and compensation as well as tax benefits. Options include deferred compensation plans (including SERPs), section 162 plans and supplemental disability insurance. Again, rely on your insurance advisor for recommendations and information.

Although all this information can seem overwhelming at first, your insurance professional can guide you through the details and help you develop a comprehensive plan for protecting your business and those with on her. Use "Organize Your Home Office Day" as an incentive to organize an assessment of the business policy with your insurance advisor. Then you can relax and enjoy your well-ordered office space, knowing that everything, including your insurance cover, is well organized and on track.