Under-insuring assets is a common pitfall for small businesses, leaving them vulnerable to unexpected incidents. Our course, designed for current and prospective small business owners, simplifies the complex world of insurance policies, including Errors and Omissions, General Liability, Commercial Property, Business Income Replacement, and Umbrella policies. We aim to equip you with the knowledge to choose the right coverage for your business needs and budget, mitigating risks and ensuring sustainable success.
Course Outline
Do I really need ALL this insurance? (What is required by the state, what is simply a good idea, and what is over the top.)
Define the various types of insurance and common insurance terminology.
Financing the insurance - there are options.
Case studies and scenarios from today's headlines.
Insurance audits of your business as it grows and changes.
Learner Outcomes
Participants will:
learn and evaluate what insurance is required, what is needed, and what is unique in the way of different policies.
be able to better comprehend insurance contracts and policies after learning core terminology and types of insurance.
be able to design plans that best fit the insurance policies that are required and needed then build them into their budgets.
be better able to analyze the financial risks that can be avoided by reviewing common scenarios and case studies, and understand the value of insurance to control financial risk to the business.
be able to judge potential risks that can be controlled by insurance, and conduct an annual cost-benefit audit to make sure their businesses are well protected as they grow and develop. The Business Plan is your road map to commercial success and a necessary precursor to obtain external financing.
In this Live Online Workshop you will be instructed in the components of a business plan:
Executive Summary
Objectives/Goals
Products/Services
Market Analysis
Strategies and Tactics
Sales Plan
Financial Plan
Also included in this Workshop is a review of Funding Sources and Uses
You will have the opportunity to have your questions answered both during and at the conclusion of the Workshop.
A copy of the presentation is provided to those who complete the brief Feedback Survey at the end of the session.
About Our Instructor
Dr. Angel Duncan is the founder of Global Voice and Associates LLC providing innovative training solutions and assessment tools.
She provides instruction in Nonprofit Leadership & Board Governance, Strategic Business Management, and Nonprofit Management for Liberty University Online. Dr. Duncan also teaches Strategic Business, Nonprofit Management, Training & Development, Strategic Human Resource Management, and Performance & Rewards Systems at Mount Vernon Nazarene University?s Jetter School of Business.
She is a certified DE&I In the Workplace facilitator, Certified Contract Trainer for Leadership, and an Everything DISC Authorized Partner.
She holds a Bachelors in Business Administration, Masters in Business Management, Masters in Ministry, and a PhD. in Human Services specializing in Nonprofit Management & Agency Development.
Webinar - Initializing Insurance: Ideas on How to Best Insure Your Business
Webinar - Putting It All Together - the Business Plan
