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Protecting Your Business
Learn how to minimize risk and protect your company.Preview the first lesson free — get full access to all 27 lessons.
Essential Provider : جيسي ليبسكوم 27 Lessons · 1h 8m in Arabic, English
Course Description
This workshop offers solutions on how to address risks to minimize negative impact so that, no matter what, your business will continue as a source of income, wealth, and pride. Identify, evaluate, and shield against risks such as hiring and training, maintaining customer relations, selecting marketing campaigns, and even insulating against the death of an owner or key employee.
What You'll Learn
- Identify, evaluate, and calculate risks facing a small business
- Apply business protection tools such as buy-sell agreements and key person insurance
- Compare various types of disability income insurance and definitions of disability
- Evaluate critical illness insurance, including lump sum versus income options
- Shield against risks like hiring and training, customer relations, and the death of an owner or key employee
- Use risk transfer and insurance to minimize the negative impact of business risks
Key Takeaways
- The workshop offers solutions for addressing risks so a business can continue as a source of income, wealth, and pride.
- Risk can be managed through identification, evaluation, calculation, and transfer.
- Business protection tools covered include buy-sell agreements, key person insurance, and disability income insurance.
- Disability income protection options include supplemental coverage, business overhead expense protection, and business reducing term protection.
- Critical illness insurance is examined in terms of its impact, surviving it, and choosing between lump sum and income payouts.
Frequently Asked Questions
Who is this course for?
It is a workshop aimed at small business owners who want to protect their business and address risks that could threaten it as a source of income, wealth, and pride.
What risks does the course help you address?
It covers risks such as hiring and training, maintaining customer relations, selecting marketing campaigns, and insulating against the death of an owner or key employee.
What types of insurance and protection tools are covered?
The course covers risk transfer and insurance, buy-sell agreements, key person insurance, disability income insurance (including supplemental, business overhead expense, and business reducing term protection), and critical illness insurance.
What skills will I gain from this course?
You will build skills in business risk management, risk exposure management, risk management planning, risk mitigation, and risk prevention.
How does the course approach risk?
It teaches you to identify, evaluate, and calculate risk, and then shield against it using risk transfer and business protection tools.
