Insurance

screenmachines · June 26th, 2011, 06:36 PM

What kind of insurance should one have on their business? How much would it take to replace everything if something would happen? I bet this gets over looked a lot.

Printwizard · June 27th, 2011, 05:30 AM

I have no insurance at all. The printing is a tiny part of our business so we just back ourselves that nothing will go wrong and if it does we replace it. Years ago we paid tens of thousands of dollars and were way over insured. You do have to manage some risk and we take insurance on some of our shipping imports, but not on the print factory. Few processes like power off at the mains on leaving, alarms are bypassing that though. We have overhead sprinkler system. That's about it.

screenmachines · June 27th, 2011, 05:51 PM

Quote:

Originally Posted by Printwizard

I have no insurance at all. The printing is a tiny part of our business so we just back ourselves that nothing will go wrong and if it does we replace it. Years ago we paid tens of thousands of dollars and were way over insured. You do have to manage some risk and we take insurance on some of our shipping imports, but not on the print factory. Few processes like power off at the mains on leaving, alarms are bypassing that though. We have overhead sprinkler system. That's about it.

WOW seems other people in the industry choice not to have it too. Some folks alwayd looking for a handout.