You can be on Entrepreneur’s cover!

Insurance Records Keep yourself out of trouble with accurate records of your insurance policies.

entrepreneur daily

Keep all records pertaining to your company's insurancepolicies. This includes auto, life, health, fire, general liabilityand any other coverage you may obtain to decrease the risk ofliability in a specific area. List carriers of the policies and theunderwriting agents who issued the policies. Also, maintain recordson any claims made against your policies in order to resolve anymisunderstandings that may arise.

When updating your records, enter all information about thepayment of premiums: the date the check was written, the amount andwhich policy it was written for. This will help with paymentdisputes and tax preparation.

Excerpted from Starting a Home-based Business

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

Side Hustles Are Soaring as Entrepreneurs Start Businesses Working Part- or Full-Time Elsewhere, According to a New Report

The younger the entrepreneur, the more likely they were to start a business as a side hustle.

Side Hustle

This Insurance Agent Started a Side Hustle Inspired By Nostalgia for His Home State — Now It Earns Nearly $40,000 a Month

After moving to New York City, Danny Trejo started a business to stay in touch with his roots — literally.

Business Process

AI-Generated Images or Stock Photography? Here's How Entrepreneurs Can Navigate the Dynamic Photography Industry

Entrepreneurs eyeing long-term financial gains find stock photography, a $4 billion market in 2023, enticing. Yet, AI's rise prompts a shift from cameras to algorithms.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Business News

Scrabble Makes First Change to Its Board in Over 75 Years

The new roll out is only available in Europe as of now.

Business News

CPI Report: Inflation Rose More Than Expected in March, Driven By Housing and Energy Costs

The average U.S. household is paying $227 more per month for goods compared to one year ago.