Le Blogue - la sécurité d'être bien assuré!

Combining your Objectives with Insurance

Lussier Dale Parizeau | January 8, 2020
New Year's Day is synonymous with resolutions. After you've made yours, you'll want to make your company's. What do you envision for your company in the coming year? In the next three years? The upcoming five? Either way, you'll need to equip yourself with the tools you need to achieve your company's goals.

What do These Goals Have in Common?

  • Increase your sales in 3 years
  • Digitize and improve internal processes
  • Reduce operating costs
  • Increase customers’ satisfaction rate.

It is necessary for your business to be financially healthy and in order to do this, you must protect the elements which allow it to make a profit, such as your equipment, or your staff, etc. Then, you’ll also need to think about insurance against loss of income, for situations where you’ll have to shut down your operations and pay your bills with your savings.

Protect your Goals

Your goal will be the center of your business for the next year. You will therefore need to ensure that the investment and effort you put in will be used to achieve this goal. You will need to ensure that the unexpected is adequately covered by your insurance. The first question to ask yourself is whether you need insurance (you don’t learn anything new, the answer is yes!).

Then, depending on your objective, you can determine which coverage is essential and to which risks you will be exposed. For example, if you work in the retail sector, you will need to prioritize insurance that includes coverage for your business assets. You may want insurance to cover cyber-risks if you have sensitive data on a computer. Since your establishment is open to the public, liability insurance will be a good idea if one of your customers or employees falls and is injured.

In short, the ideal coverage will vary depending on your type of business. These examples represent only a small portion of all the coverage that is eligible for your business. Since there are more than a dozen of them, each with their own particularities and clauses, it is best to have a discussion with a specialist who will know exactly what coverage you will need. That’s where we come in.

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Lussier Dale Parizeau

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