Archive for the 'Finances' Category

Feb 22 2006

Business Insurance

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If any of you reading this has an issue or question about using Pre-Paid legal, let me assure you that is is well worth the cost - both for business and personal use. I only wish I had discovered it previously. For more information, please contact the associated listed below.

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It’s not just a Challenge anymore, it’s a Problem!

Daily, small business owners are faced with many challenges including marketing and expanding their product line, growing and supporting their customer base, hiring competent employees, maintaining adequate cash flow … and the list goes on. Now, we can add another challenge to the list, which has turned into ONE BIG PROBLEM: an ever expanding liability crisis.

We all know that we live in a highly litigious society. People are quick to sue. At times this is justified, but too often it is not. Regardless, the party being sued has to respond to the charges and defend itself. That defense can be very costly in terms of time and dollars. Due to this high cost of defense, businesses may chose to settle a case rather than to proof their innocence.

Whatever a company decides, the fact remains that law suits (justified or not) can and do force businesses to raise their prices, scale down their operations, and or close their doors altogether when they have to pay to defend themselves.

What is the solution, you ask? Simple, get insured for your legal needs, just as you do for your medical needs.

But wait what about all the day to day small business challenges you talked about earlier? Well, there is no insurance for that (that I know of). However, there is a paid plan that offers you both: help with your day-to-day business challenges and legal help and assistance when you need it. The plan is the Small Business Plan, offered through PrePaidLegal.

In essence, the Small Business Plan is your legal, marketing, accounting, finance, human resources and technology department all in one. You can sign up for most plans for about $2.50 a day, roughly the cost of a cup of Java. A number a small business plans are available depending on the size of the business and the state you do business in.

For further information contact Johanna Hofmann.

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