Making a business plan, need advice on product liability insurance
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engelbert
Apprentice
Joined: 22 Aug 2005
Posts: 4
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 Posted: 06/12/08 - 06:04 Post subject: |
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| I have been planning to start a business and I expect to get a pretty good profit from it. I will be mostly in trading and I seek to assure the best possible position. Now, I am making a business plan, and need advice on product liability insurance If anyone could help, that would be great. |
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colver
Apprentice
Joined: 26 May 2004
Posts: 8
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| Posted: 07/11/08 - 22:48 Post subject: |
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| Running any kind of business is never easy, and part of it is making a sound financial plan. Now, knowing about taxes you need to pay is equally important. Gross margin is another notion crucial to your complete understanding of a business. It is a measure of success. Since you are making a business plan, it seems to me that you should know that product liability insurance is one of the crucial segments of the business plan. That is because you are directly responsible for your products, and you must not fail at that, or you could lose your business. That is why you need to account for just how much money you have to insure your products and make them safe enough for potential consumers. Hope you find the info helpful. Best of luck. |
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