If you are an entrepreneur, you need to understand risk management and Insurance. Risk management and insurance knowledge is essential for any business owner, asset owner or executive charged with running the enterprise.
Are you a small business? These days that is generally viewed as any business below $50M in annual revenue. Are you insured? The answer is always YES. The question is how…
If you have not purchased insurance, then you are “self-insured” – essentially relying on a combination of faith, your business cash flow and assets, and your personal cash flow and assets. Once you have a business of any size, it is wise to defend that business and cash flow with a combination of law and insurance. The foundation of a long term successful business is growing, recurring cash flows. Your cash flow cannot grow if it is always paying liabilities, and it won’t recur if one of the liabilities put you out of business.
Two components of your business advisory team should be a solid business lawyer and an experienced commercial insurance agent.
About Adishian Law Group, P.C. Adishian Law Group (http://www.AdishianLaw.com) is a California law firm with a statewide practice in the areas of Corporate law, Employment law, Real Estate law and Mediation Services. As of November 2015, the firm has represented corporate and individual clients located across 22 California counties, 13 States outside of California and 9 foreign countries in over 480 legal matters. Adishianlaw.com is one of the oldest continually operating law firm websites on the Internet. The firm serves its clientele via three offices located in the major business hubs of El Segundo, Palo Alto and San Francisco.
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