Welcome to the Small Business Ideas Forum! We are a community of over 100,000 small business folks with over 163,000 posts for you to browse. We pride ourselves on being the friendliest forum you will find and we'd love to have you as a member of our community. Please take a moment and register for a free account. If you need any help, please contact Chris Logan.

Small Business Ideas Forum

Small Business Ideas Forum

A friendly place to share small business ideas and knowledge, ask questions, find help and encourage others that are involved in the small business industry. Topics include small business marketing, generating revenue and small business computing.

Go Back   Small Business Ideas Forum > Generating Revenue, Insurance, Taxes, Etc. > Insurance
Register Search Today's Posts Mark Forums Read

Thread Tools
Old 30th April 2013, 11:58 PM   #1
VIP Contributor
Hampers's Avatar

Join Date: Jun 2010
Location: Hunter Valley Australia
Posts: 377
Cool What Is The Right Level Of Insurance Exposure?

There are so many insurance products out there, it is easy to find yourself with saturated coverage and ridiculous strains on your cashflow.

What is the right ratio of insurance to calculated risk, and how do you judge it for yourself?

I am a bit of a risk taker and choose not to have insurance in some areas where others would think it was essential.

What is the right ratio?

Hampers is offline   Reply With Quote
Register or log in to remove this ad.
Old 18th June 2013, 04:33 AM   #2

Join Date: Jun 2013
Location: India
Posts: 15

Ratio is totally depends on what type of product insurance you need. But, No one can ever get exact figures about insurance ratio. Instead of, you can get closer idea online. Search insurance calculator online on Bing/Google/ Ask , where you can calculate insurance ratio.

tonystark is offline   Reply With Quote
Old 11th October 2013, 06:28 AM   #3
Senior Member

Join Date: Jul 2013
Posts: 80

Agree with Stark. Nobody yet to know the exact ratio. But, You can get only a very closer idea if you compare insurer policies online.

Always take travel cover plan, and travel safely.
Karry is offline   Reply With Quote
Old 15th October 2013, 10:10 AM   #4
Senior Member

Join Date: Sep 2013
Posts: 133

I would start with the minimum required by your customers or if you have to be licensed what that body requires and then add based on your needs and the risk of business you are in. Also keep in mind the exposure you have and how that is perceived in the market place. I always suggest meeting with the right insurance broker. There are many types that focus on all areas and I'm sure there is one in your line of business.

Search for Files with Docurated
twhansbury is offline   Reply With Quote
Old 22nd October 2013, 10:26 PM   #5
VIP Contributor
Hampers's Avatar

Join Date: Jun 2010
Location: Hunter Valley Australia
Posts: 377

Sorry, not sure if I'm getting the point across - I was asking what amount should be insured versus what amount I should self-insure.

Like 50-50 or 70-30?

Any suggestions?

Hampers is offline   Reply With Quote
Old 8th December 2015, 12:21 AM   #6
Senior Member

Join Date: Feb 2015
Location: Dubai
Posts: 110
Send a message via Skype™ to LaneKreps

The ratio can be differ depending upon the type of insurance and the % of loss due to any accident. There are so many types of insurance like business liability insurance, insurance to cover office property, employee security, office accessories, etc.

LaneKreps is offline   Reply With Quote


Similar Threads
Thread Thread Starter Forum Replies Last Post
How Is Term Insurance Different From Life Insurance? Sampsonos Insurance 9 26th November 2015 03:51 AM
Insurance For Sub-Contractor And Other Various Questions davep Insurance 9 5th June 2012 11:14 AM
Non Existing Insurance Policy Gabo Insurance 1 5th June 2012 10:51 AM

Thread Tools

Get Updates
RSS Feeds:
RSS Feed for Insurance RSS for this Category Only: Insurance

RSS Feed for Small Business Ideas Forum RSS for Entire Forum
Forum Rules

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Small Business Ideas Forum

At Your Business - Small Business Directory
Free Business Forms - Prewritten Documents
Search Engine Guide
Small business guide to search marketing

Small Business Brief
Fetching the Best Small Business Info

Free Links - Free Advertising
Free Guide - Online Directory

Advertise your business here
Contact us for more details!

Semantic Juice
Register now to access free Quick SEO service!

Rocket Lawyer
Sign up for free 7 day trial. Boost your biz!

Buy UPC Codes
Get your products listed online!

All times are GMT -5. The time now is 12:30 PM.

Powered by vBulletin® Version 3.7.3
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Copyright 2004 - 2018 - Privacy