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Offices NEED Business Insurance
By: Laura
Peterson, State Farm Agent
www.laurapeterson.net | 408.395.2900
The dream of owning a business is becoming a
reality for thousands of people each year. For many of these would-be
captains of industry, that means starting the operation at home.
However, your enterprise may be in jeopardy if you don't have business
insurance.
 You need business insurance because most
homeowners policies place limits on business-related exposures. For
instance, a copier or fax machine used for business and damaged in a fire
may not be fully covered because it is considered business property.
Also, the homeowners policy does not cover
business liability, loss of income, exterior signs and many other important
items. If a client were injured at your home while conducting
business, your homeowners policy would not apply.
Anyone who operates a home-based enterprise and
does not have the proper insurance coverage is putting his or her business
and personal assets at risk.
Business insurance may provide many or all of
the coverages listed below:
• Accidental direct physical loss coverage for
business personal property
• Broader off-premises property coverage Loss of income coverage
• Extra expense coverage
• Contractual liability coverage
• Liability of employees while acting within the scope of their employment.
Many entrepreneurs start their businesses on shoestring budgets and try to
cut corners by keeping expenses at a minimum. But when you consider what
you get, business insurance becomes a tool you can't afford to work
without.
Did You Know?
 •Sorry…parking and speeding tickets
are NOT deductible.
•If you have un-cleared items in your QuickBooks bank or credit
card accounts, your financials will either be overstating
income or overstating expenses. Reconcile your books correctly!
•The April
15th deadline to
file your Personal Tax Return is right around the corner.
Are you getting every deduction allowed? Not sure? Contact
Admin Books 408-782-9640
Our Featured
Client: JIBASoft, Inc.
We
have some fabulous clients that have amazing businesses.
As an added value of working with Admin Books, clients are highlighted in
our newsletters.
See their answers to our interview questions below.
 1.
What is your industry?
Software industry.
2.
What is unique about what your business offers?
JIBASoft created a revolutionary user-friendly Student Management
application, run entirely from your tablet or smartphone. Our
application is called OnMat. OnMat is so simple to use and offers all the
benefits of a complete Student Management system - track student
attendance, schedule classes and events and so much more! Stop
using paper and expensive outside billing services and run your business
from your office, your home or even from the mat! OnMat will increase your
income, improve student retention and engage the instructor with the parent,
letting you focus on what you love to do!
3.
Who is your ideal client?
The ideal clients are attendance-based business owners such as gyms,
martial arts schools, gymnastic schools, dance schools and any business
that offers classes.
4.
What is the best business advice you can pass on?
Keeping a consistent message, following through and exchanging information
is vital to any successful business.
 "Keep your sense of humor.
There's enough stress in
the rest of your life
to let bad shots
ruin a game you're
supposed to enjoy."
~Amy
Alcott, Golfer
Our Business Corner
Do you have questions on home office rules,
auto deductions, charitable donations, etc.? Here is some
information on those HOT TOPICS.
Take advantage of this helpful guide full
of important BUSINESS TIPS.
Looking forward to
connecting with you,
408.782.9640
|
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