Hi Aiden. You do a great job of explaining things. Just one correction. Insurance companies don't just pay out claims anymore. They only pay when they are sued and lose.
@lajourdanne
Жыл бұрын
Can you give an example for people who don't have an office/property/physical location? I think most small businesses these days won't experience a customer falling on their property, or even have employees.
@allupinyobiz
Жыл бұрын
It depends on the type of policy and exactly what it covers. But for example, it could cover lawsuits related to false advertising claims, maybe libel/slander, breach of contract, IP infringement, data breaches, damage of somebody else’s property, etc. Imagine anything you could possibly get sued for, there’s probably some kind of insurance for it.
@lajourdanne
Жыл бұрын
@@allupinyobiz thank you so much! Very helpful!
@alhawkins3376
7 ай бұрын
I admire your sense of duty to right & wrong including the person suing me, paying the high cost of a policy in the millions, however I prefer my attorney be experienced in the art of protecting, shielding and having in place protections that protect my business and myself. I want to discourage anyone who comes to a conclusion to sue me that it would be highly unproductive, I have such a lawyer and could never put more effort into making sure anyone who desires millions from my insurance & assets can count on my lawyer to provide all they want.
@GorillazGames
Жыл бұрын
Inaurance is the strangest business model. Ultimatley, youre paying an insurance company in hopes that they DONT provide a service.
@MsMiaAlexis
2 ай бұрын
Thanks! I love the name of your channel.
@FernandoVazquezIII-bt8oy
2 ай бұрын
Then, watch the point of having an LLC if you can still be sued personally?
@1maybeline
2 ай бұрын
Exactly, why bother creating an LLC when you can still be sued personally.
@biggn7441
Ай бұрын
Exactly! She needs to answer your question
@kaiul2967
22 күн бұрын
If you have an LLC without business insurance then if sued you can get have your personal assets attacked if your business networth can't cover the amount being sued for..
@rojinagurung5878
Ай бұрын
Good tip 👍
@kirstenpennington3485
6 ай бұрын
Thank you so much for this video, so helpful and makes sense why insurance is definitely a must!
@adibiip
Жыл бұрын
Super informative video, thanks for posting!
@a7xfanben
4 ай бұрын
Good explanation, thank you!
@littleyi3611
2 ай бұрын
question: On a rental business is home insurance enough?
@vicc5772
Жыл бұрын
Can you please make a video on how you maintain written quality control procedures for your business or a single member llc ? A Professional liability insurance provider is requesting written quality control procedures for my single member llc. It's a section within an insurance application that is assessing my Risk Management. Ty
@mrcleojohnson
6 ай бұрын
You the bomb!!! 👏🏽👏🏽👏🏽 Thank you!! 💪🏾💪🏾
@MrSteamFranchising
4 ай бұрын
Hey Aiden! Are you interested in doing a Google Meet video with me on this topic? My 1.3k subscribers are in the carpet cleaning industry. It would be fun to ask you some questions specific to us: What happens if a customer wants a whole new carpet after you failed to clean it, etc.
@jhuntman7437
Жыл бұрын
Great videos very precise answers. can you hire a independent contractor under your professional liability insurance policy?
@JaVonta-us5yr
7 ай бұрын
When first starting your business no money made yet what’s the best way to fill out the insurance application to get approved?
@shimpytalks
6 ай бұрын
Should we take business loans to fund business in the initial phase ?
@Tr38ighty
Жыл бұрын
Do you think this would be a requirement at the start of a business if working out of the home?
@generic_official
Жыл бұрын
This video is super helpful. However, isn’t it very difficult to pierce the corporate veil if a business is set up properly?
@allupinyobiz
Жыл бұрын
I answered your question in my new video! Check it out at kzitem.info/news/bejne/24duyJ6po2mcm6A.
@mrssabrinaschmitt
Жыл бұрын
Sounds like insurance is a MUST for retail stores!
@kwhitlo0
Жыл бұрын
What about if your business entity is a sole proprietor what type of insurance you would need to operate to protect that business entity as well as your personal assets? What business insurance you recommend?
@allupinyobiz
Жыл бұрын
I answered your question in my new video! Check it out at kzitem.info/news/bejne/24duyJ6po2mcm6A.
@GorillazGames
Жыл бұрын
We should go out and talk legal stuff ☕☕
@ICONICZy0n
Жыл бұрын
Hallo!! May I know if there's any way I can directly message you?
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