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If you are an owner of a small business, you are likely to have one thing in mind: keeping down your costs. But, if there is any area that you shouldn’t scrimp on, it’s your company’s security and safety. It’s something that not every small business takes seriously. But, the repercussions of disregarding business protection can be severe.

There are several areas to think about, and in this guide, we’re going to take a look at the bare essentials. Take a look, have a think, and make sure your company gets the protection it needs for a fruitful and prosperous future.

Legal assistance

First of all, do you have a business lawyer? If not, you would be well advised to hire one. The law is a complicated subject, and at some point, all businesses will need access to legal advice. It could be for organising simple contracts for your employees, or suppliers. It might be for protecting you against a lawsuit, or an accident at work claim. And, in the early stages of your business, you may need a lawyer to help you with intellectual property rights.

Now, each of these issues is common for companies all over the world, and you don’t want to have to pay a lawyer to learn and understand your business. It makes sense to have someone on hand that knows your company, so whenever there is a problem, they can deal with it straight away.

Workplace security

For any small business, a burglary or data breach threatens severe consequences. So, it is vital that you have the right security systems in place for your needs. If you are a tradesperson and keep your tools in your van, make sure you have an alarmed garage or lockup.

If you have an office, make sure you have alarms and security cameras installed. According to security experts Alarm Industries, doing so will reduce the chances of suffering a burglary. Don’t forget about your computer networks, either. If you don’t have robust IT security in place, your data, your customer’s details, and much more is at risk from hackers.

Get the right cover

Finally, make sure that you have the right insurance cover. A lot of small businesses avoid coverage altogether – perhaps they feel that nothing bad will ever happen to them. But, the prospects of theft, natural disaster, illness pose a serious threat to people’s livelihoods. For the sake of a small payment every month, it seems unwise to avoid business insurance.

Also, make sure that you have the right cover. Every time you upgrade your equipment or expand your client base, you have to make sure that your old policy still covers you. It would be nice if we could just pay our insurance every month and forget about it, but it’s not that simple. Whenever there is a change in your business – however small – always get in touch with your provider. Otherwise, you could end up having any claim you make being rejected.

There is a lot more to keeping your business secure, of course. But, these three critical areas should give you robust protection for most situations. Let us know if you have any additions to make to our list.

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Contact Vinh direct:

vinh@artshine.com.au , +61 0410 636 138

 

About The Author

I am a Business LifeStyle coach who specialises in working with artists, designers, crafters and all creative professionals. Myself and my partner Stuart Horrex are here to help you to achieve your Life & business goal and dreams. We have had over 20 years experience in finance, retail,furniture,food,wine fashion,crafts and hospitality.

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