Congratulations on starting a business that you are really passionate about! But before you achieve your business goals, there are pertinent things that you should know and include in your startup checklist just like what Rona did on her coffee shop business.
“The only thing I knew in the beginning is the importance of promoting my business
either through social media, or word of mouth. But now, I truly understand that
securing your business with a reliable property insurance in the Philippines is just as
important.”
Throughout the years, property insurance providers in the Philippines such as Malayan Insurance continue to help business owners in ensuring that their investments are well protected, rain or shine. We help various entrepreneurs both startups and well established ones, take care of their assets and capital by providing a comprehensive property insurance specifically designed for businesses in the Philippines, that’s why we have Malayan Business Protect.
Protect your investments
Startup businesses have a very fragile foundation, considering that most of its capital came from the owner’s personal savings and loans. It is important for entrepreneurs like Rona to secure their assets, may it be in monetary or structural forms, using a reliable property insurance such as Malayan Business Protect.
“Having a property insurance like Malayan Business Protect to back my business up
saves me from worries of what might happen to my investments in case of damage to
my property.”
As our most comprehensive property insurance made especially for businesses in the Philippines, Malayan Business Protect provides coverage for your business against loss or damage resulting from incidents beyond our control such as fire and lightning, flood, earthquake fire and shock, smoke damage, explosion, vehicular impact, riots, strikes and malicious damage, sprinkler leakage, and bursting or overflowing water tanks, apparatus, and/or pipes.
In addition, entrepreneurs like Rona don’t have to worry about getting other repair providers
because the coverage of their property insurance extends to debris removal, professional fees and fire fighting expenses.
Know your worth
Demonstrate your worth to potential investors by coming up with enhanced business plan. If your concept is sellable, there will be a higher chance that you will be able to have a few investors onboard.
Having experienced the benefits coupled with having a reliable property insurance to back up her business, makes Rona more confident in inviting larger businesses to invest in her venture.
“Having your investments very well protected with a reliable property insurance specially designed for business is a good sign for investors. This means that the money they put into your venture is still intact no matter what happens,”
Take care of your people
Venturing into business is not a 9-to-5 profession, but a passion for entrepreneurs. But if you have employees, being a startup business is not a reason for you to let them fend for themselves, especially during times of need.
Therefore owners of startup businesses cannot afford excess expenses in case the employees get involved in an accident while doing their job. Because Rona’s business is still in its startup phase, she admits that she is very lucky that people would want to work for her.
“The least I can do for them is to protect them from unnecessary fees in case they get hurt while working for me.”
Launching your very own business is a challenging, yet very rewarding endeavor. So review your checklist and make sure that you’re with the right property insurance for your businesses so you’ll be at ease that your investments are protected 24/7.
