Review 13 Types of Insurance a Small Business Owner Should Have Lexi managed to save the...

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Review 13 Types of Insurance a Small Business Owner Should Have Lexi managed to save the business. She realized that she needs to run the shop more as a business and less like a side interest. She takes several actions: 1. She moves the shop to a more visible storefront on High Street in the Hamilton downtown business district and signs a lease for the space 2. She begins taking orders online (including having customers pay online): 3. She purchases a company car and begins delivering supplies; and 4. She reviews her insurance needs. Considering her business operations, answer the following. Note that the Business Owner's Policy is not an acceptable answer here. It would be in real life, but not for the purposes of this assignment. (1) What is one type of insurance policy she should prioritize for her business? Why? (2) What is a second type of insurance policy she should prioritize for her business? Why? (3) What is a third type of insurance policy she should prioritize for her business? Why? (4) What is a fourth type of insurance policy she should prioritize for her business? Why? (5) What is a fifth type of insurance policy she should prioritize for her business? Why? Review 13 Types of Insurance a Small Business Owner Should Have Lexi managed to save the business. She realized that she needs to run the shop more as a business and less like a side interest. She takes several actions: 1. She moves the shop to a more visible storefront on High Street in the Hamilton downtown business district and signs a lease for the space 2. She begins taking orders online (including having customers pay online): 3. She purchases a company car and begins delivering supplies; and 4. She reviews her insurance needs. Considering her business operations, answer the following. Note that the Business Owner's Policy is not an acceptable answer here. It would be in real life, but not for the purposes of this assignment. (1) What is one type of insurance policy she should prioritize for her business? Why? (2) What is a second type of insurance policy she should prioritize for her business? Why? (3) What is a third type of insurance policy she should prioritize for her business? Why? (4) What is a fourth type of insurance policy she should prioritize for her business? Why? (5) What is a fifth type of insurance policy she should prioritize for her business? Why?

Answer rating: 100% (QA)

1 Commercial property insurance To safeguard her company property including the new storefront on Hi... View the full answer