For an entrepreneur, your worst nightmare is to see your investments and hardwork go up in flames due to occurences beyond human control. Each day presents a challenge of displeased customers, safeguarding the establishment from people with ill intentions, and even employees who also gets physically ill from their job.
As a first time business owner, this is Anna’s biggest worry. Realizing that it is only with the help of trustworthy and talented employees that her venture will thrive.
“I know that they are susceptible to getting sick, or getting hurt as they do their job. I’m also well aware that my establishment, albeit made of concrete and cement, is also prone to destruction caused by fire, earthquakes and typhoon. With my business still very new, I cannot afford any extra expenses outside of her business. Luckily, one of my friends suggested that I get a reliable and comprehensive property insurance to help protect my investments, and that includes my employees. “
Property insurance designed for small and large scale businesses, such as Malayan’s Business Protect, allows new entrepreneurs like Anna to provide her assets protection with various premiums without having to compromise her budget.
Protection against loss
For small scale business owners like Anna, calamities and accidents are considered as the beginning of the end. It would cost thousands, even millions of pesos just to repair a heavily damaged establishment. Considering that the sum needed to replace items in the inventory is yet to be counted.
“Good thing that Malayan Business Protect provides small businesses such as mine a safety net in the event that we encounter financial loss caused by natural calamities as well as those caused by human error,”
Man-made error includes vehicular impact, riots, strikes, malicious damage and many others. Truly, this will be handy for her business that is still starting out as she still have limited financial resources at her disposal.
Taking care of employees
Despite being in the early stages of her growing venture, it is fortunate that Anna sees that the human element of her enterprise must be her top priority despite the technology she uses in managing her business. That is why it is important for her to take care of her employees by including them in the property insurance that she purchased for her business here in the Philippines.
On a daily basis, Anna relies on her employees to do small, yet important tasks such as keeping the establishment clean, managing the inventory and so on. A reliable property insurance will be able to provide her employees 24 hour benefits against accidents. Fortunately, one of the many features of Business Protect is that this property insurance policy will allow her to include up to four (4) named employees provided that they are all under 65 years old, a perfect fit for her growing business.
She knows that having other people under her makes her responsible in the event that they get sick or injured while performing their duties. Therefore, having her property insurance ready will help save her from legal expenses necessary to defend her and her business from third party claims of property damage and/or bodily injury caused by operations in the business.
A CCTV camera is important nowadays, even for Anna’s small business. This enables her to keep watch over her establishment even if she’s at home, or travelling in her car, thanks to technology. But she’s also very well aware that installing a camera is not sufficient in protecting her business. Therefore another reason why she availed our property insurance is because she needs financial protection in the event that someone breaks in and robs her property.
Her property insurance policy in the Philippines provided by Malayan Insurance gives her business compensation for the loss of money or securities that are stored inside her establishment. Furthemore, this coverage will respond to loss of money in transit due to robbery, when she decides to deposit her earnings in a bank.
Setting up a business to success requires not only talent, knowledge and hardwork. For it to take off, you also need to employ different measures to safeguarding your investments. And that includes protecting your inventory, establishment and employees. With Malayan Business Protect, you can rest assured that your resources will be very well protected, especially during times of loss. Protect your investments today by insuring your business with Malayan Insurance!