Trade fairs. If the fair is in your local vicinity then these are great places to meet new suppliers and get a feel for where you could find your niche. Trade fairs are usually industry specific so search for what you might want to import and you’ll find a fair to match. Travelling abroad to a fair is usually too pricey to start off with. A good strategy is to contact the fair organiser and ask for an attendee list from which you can just visit the websites.
Ensure you understand the local (state/country) rules and requirements which are necessary to start a new business. This will mean obtaining the right approvals, submitting the mandatory documentation, registering your business/trademark, buying Commercial Insurance Toronto policy, etc.
A service contractor should have no problem showing you his/her insurance. A good policy will have general liability, workman’s compensation and personal injury covered. Most commercial insurance toronto policies provide 6 to 7 figures worth of coverage. If the policy has anything less than that, you may want to search for another contractor. 6 to 7 figures is enough to cover a repair if it happens to be major.
If you still do not have a website, get one. Even a one person business should have a website. the fact is, you do not have to pay thousands of dollars. Most Small Business Insurance businesses only need 4-5 pages and it should have a purpose and look professional.
The first step is to analyze and estimate. Figure out any liabilities and assets you have that affect your business such as overhead and rental costs. When this is done you can estimate what your losses may be in the event of an accident such as a fire or theft. Once you determine the amount you may lose, you get a better of idea of the coverage you need.
There are many reasons to have business insurance. You may find that the cost to have it in place will be far cheaper in the long run should something happen.
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