Evaluate Your Insurance Needs With This Handy Questionnaire Picking the right kind of insurance is one of the most difficult tasks a small-business owner faces. To make this process easier, answer these ten questions to get an idea of your general insurance needs.

Picking the right kind of insurance is one of the most difficulttasks a small business owner faces. You will need to choose fromhundreds of different classes of liability offered by the insuranceindustry, while selecting policies that fit your budget.

To make this process easier, answer the ten questions below toget an idea of your general insurance needs. You will receive abasic business insurance profile and suggestions based on yourresponses. Remember that optimal coverage will depend on a numberof variables, including your line of work, the size of yourbusiness, and your location. Be sure to discuss these factors withyour insurance provider.

1.Do yourent or own the commercial building where your business islocated?
own
rent
my business ishome-based

2.How largeis your business?
50 or feweremployees
more than 50employees

3.Could yourbusiness quickly resume operations if a fire, flood, or otherdisaster destroyed your office?
yes
no

4.Does yourbusiness produce or provide a product (something that can betangibly used or consumed)?
yes
no

5.Do yousell a service or offer some kind of professionalconsulting?
yes
no

6.Do youhave employees (full-time or part-time)?
yes
no

7.Do youregularly hire temporary employees or use the services ofindependent contractors?
yes
no

8.Do any ofyour employees regularly handle large amounts of cash (i.e.cashiers, tellers, accountants)?
yes
no

9.Does yourcompany own or lease any vehicles or do your employees drive theirown cars in the course of their employment?
yes
no

10.Are you atrustee of any employee benefit plans, such as a pension plan or401(k)?
yes
no

The viewsand opinions contained herein are not necessarily those of AmericanExpress and are intended as a reference and for informationalpurposes only. Please contact your attorney, accountant or otherbusiness professional for advice specific to yourbusiness.

Copyright © 2002 American Express Company. All RightsReserved.

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