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To build a sustainable business as a start-up or growing business especially in this economy downtown and pandemic era, risk management must be at the heart of your planning and execution. It is critical to take into consideration insurance and place it as a priority in your business budgeting and planning.
Here’s how you can get a Business Insurance in Nigeria as an Entrepreneur:
1. Assess Your Risks
Figure out the kind of accidents, natural disasters, or lawsuits that could occur and be devastating for your business.
2. Pick the Type of Business Insurance You Need
Ensure you choose an insurance that makes sure both your assets and your business assets are safe.
3. Look for a Reputable, Licensed Insurance Agent
With the help of a licensed insurance agent, you can get business insurance policies that match your needs.
4. Compare Prices
Ensure you compare the prices of various Insurance companies your Insurance Agent recommends just so you could get the best value for your money. However, prices and benefits varies significantly, hence, you should compare terms, benefits and even the rates for each of the insurance offers.
Watch out for our next article on the types of business insurance available for startups and growing businesses in Nigeria.
