The 11 Steps to Start your Small Business!
Starting a small business can seem overwhelming at first, but if you are reading this article, chances are you are brave enough to consider it or already have. Since small business make up 99.7 percent of the U.S. economy, according to the U.S. Small Business Administration, it seems like you aren’t the first and won’t be the last. But, if you have that entrepreneurial hunger, what you probably want to be is the best.
Whether you want to start a business with five employees or 300, the fundamental and basic steps are essentially the same. The SBA lays out the 10 steps to starting a business that might just be the beginning of a beautiful relationship between you and your dream.
- Write a business plan
- Get business assistance and training
- Choose a business location (We found a great list from CNN naming the 10 most entrepreneurial states in the US)
- Finance your business
- Determine the legal structure of your business
- Register a business name “doing business as”
- Get a tax identification number
- Register for state and local taxes
- Obtain business licenses and permits
- Understand employer responsibilities
Whether you’re starting a flower shop or an auto body repair shop, having the right insurance for your business and following these simple and fundamental steps is bound to set you up for success.
|10 things that won’t kill you to know about Christine
Stephen King taught us some important lessons as he ascended the throne and took his rightful place as America’s most prolific author of horror and supernatural fiction. You know, things like: don’t play any pranks on Carrie, never stay at The Shining’s Overlook Hotel (“Here’s Johnny!”), and for goodness’ sake, tread lightly when dealing with a 1958 Plymouth Fury named Christine.
King takes the classic tale of boy meets girl to frightening heights when a geeky teenager named Arnie falls head over heels in love with a red Plymouth Fury with a sketchy past. Christine falls hard for Arnie, too, which would be roses if it weren’t for one tiny detail: the car is a killing machine with a long memory and a short fuse. Moral of the story: Never underestimate the fury of a Fury that just… won’t… die.
As we hand out Halloween candy to all the miniature ghosts and goblins out there, here’s a little something for the big kids – 10 things you may not know about the original Christine movie.
As with most types of insurance, rates for a business insurance policy vary greatly depending on your business and coverage needs.
While you don’t want to cut yourself short, you also don’t need the highest priced policy to ensure coverage. The key is finding the right insurance that fits your budget while still protecting you.
Before you buy business insurance, consider what you need. If you’re buying far more coverage than necessary, you’re paying too much.
Consider Your Coverage Needs
Anytime you buy a business insurance policy for your Colorado based business, you have to consider what amount you’d need to take care of liability issues and damage to your business and property. For instance, if the value of your entire business is $100,000, you wouldn’t need a $500,000 policy to cover you in the event of property damage.
On average, rates for general liability insurance range from $500 to $2,000 per year for small businesses. This gives you a good idea of how much rates vary based on your industry.
Bundle When Possible
Depending on your needs, you may be able to bundle multiple types of business insurance policies into one business owner’s policy. In most cases, the rate is lower than purchasing each policy individually. This can help you avoid paying too much and having a more budget friendly option.
It’s important to look at what policies are available with a BOP. Sometimes you may still need additional coverage and policies based on your type of business. Talk to your local insurance agent about any possible differences.
As your business changes, so do your business insurance policy needs. For instance, if you’re a service provider, such as an electrician, you may need additional coverage if you’re taking on larger jobs, such as going from electrical repairs for homeowners to large businesses.
A policy right now might be too much because it offers more than you need. A year from now, your business may have grown and you’ll need that larger policy.
Think About Your Business’s Future
If you have a tight budget, every policy might seem like you’re paying too much. However, think carefully about what would happen if you didn’t have coverage. When your business is just getting started, it may be impossible to recover if there’s a natural disaster, break-in or liability case.
Before you think you’re paying too much, look at the peace of mind you’re getting from knowing that your business will survive if the something does happen.
You’re not required to buy a business insurance policy at the first insurance agency you speak with. Talk to multiple companies and compare rates. You should be able to see an average policy rate. You’ll likely find a few that are much higher or lower than the rest. In most cases, it’s best to stick to the average quote to avoid paying too much for the same type of coverage.
When you talk to an agent, you’ll need to provide extensive information about your business in order to get an accurate quote. The more details you have, the more likely you are to get a quote that’s perfect for your exact business. Leaving out anything could result in you paying more than you should.
Ready to discuss insurance options for your business? Contact our team today at our Denver office at 303–388-7216 or our Castle Rock office at 303–688-1251. You can also send us a message any time and we’ll get back to you as soon as possible.
- Open Lowry article - Published by: Living Well in Lowry by neighbors, for neighbors (serving Lowry since 2002)
- This article is a transcription from the Lowry newsletter by www.jewelcommunications.com
Insurance Town and Country: Denver’s Family Owned Insurance Broker
As a homeowner or business owner, it’s rarely a favorite topic to discuss. It’s hardly ever the first thing you like to spend your money on, and at the same time it’s always a good idea to buy some. We’re talking about insurance.
Joan Burkett, owner of Insurance Town and Country, says, “It’s the thing you hate to buy, but you’ll love the fact that you have it when something happens.”
Insurance Town and Country is a family-owned insurance business serving us in the town (Denver Metro area) and those in the country, specifically the Castle Rock area, since 1997. They are an independent insurance broker business that can shop more than 25 companies to find the best rate for your personal situation.
Back in 1983, Joan’s husband Norman begged her to get licensed so she could help run his insurance office in Kittredge. She really didn’t want to at first because she didn’t think it was her thing. At the same time, she knew her husband was quite the sales guy and she had a knack for explaining things to people. Maybe Norm was on to something after all?
The following decade or so proved to be trying at times, but kept Joan and her family on their toes as they rode out the ups and downs of various agencies and insurance firms. Joan is a firm believer in God and she believes everything happens for a reason. “While insurance is not my passion, it helps fund my passions. I’m truly blessed with this opportunity to support myself and help my community.”
Joan joined forces with her middle son Jeremy in 1997, and shortly thereafter Norman passed away in 1999. Joan and Jeremy’s partnership became a blessing in disguise for her while they both mourned his loss. Jeremy wasn’t easily convinced to join the insurance business either, but it didn’t take long for them to become the perfect business partners. Jeremy’s dream at the time was a career in the NFL. After two years with the New York Giants, though, he returned home with his Mom to get things started. “it’s easier on his knees, ” jokes Joan.
How is Insurance Town and Country different from other agencies?
“Well, someone will always answer the phone! There’s no 800 number here, it’s personal and we care. Nicole, our account manager, is amazing! If I could clone her, I would,” explains Joan.
When you visit Joan and Jeremy for the first time, they’ll give you a broad brush review of your individual situation. “We look to see how we can save you money. We can help you understand your current coverage by explaining what you already have. And, sometimes, we even assure you that you’re best off staying put where you are.”
Now that summer vacation is almost over, some of you will be sending kids off to college and taking an inventory of your current policies.
Here are some things Insurance Town and Country can help you evaluate this fall.
Did you know if your child goes to college more than 100 miles from home and does not take a car, you can save money?
- When we went away to school, we may have taken a record player, or a stereo and microwave, but kids today take flat screen TC and laptops.
Do you understand your healthcare plan?
- It’s no secret that the current healthcare system is very difficult for the average person to understand. Let Insurance Town and Country help you navigate the paperwork to determine what you’re really covered for.
When was the last time you reviewed your coverage and/or your insurance carrier?
- Joan and Jeremy encourage you to review your policies every three years (not sooner). It’s always a good idea to see how your life and needs change over time, but don’t change providers too often. The next guy might decide not to cover you at all, or you could lose valuable renewal credits.
Have you recently gotten married?
- You could save 20% on your insurance by combining your policies under one company.
How can you pay just one deductible the next time it hails?
- Make sure your home and auto is on one policy so the next time we have a major story, you only make one claim and pay one deductible for the repairs.
“Yes, insurance companies can be difficult, but you have to be at a place where you can trust your agent and your insurance company. Insurance is not simple so who you choose for an agent does matter. We are invested in getting you a good deal and we want you to have a good claim experience,” explains Joan.
Insurance Town and Country provides a level of customer service and personal care that the larger companies simply cannot. While it’s not a buttoned-up office, it’s Colorado-casual by design. They’re approachable and they understand the broad range of their clients, from the young to old.
“We’re small enough to know your name, but we’re big enough to meet your needs,” explains Joan.
For more information on Insurance Town and Country, visit www.insurancedenver.net, or give them a call at 303–388-7216.
Workers Comp Insurance
If you own a business, you understand the value and importance of your employees. You also understand the needs of protecting your own employees with Worker’s Compensation Insurance. Simply known as “workers comp” — this type of insurance will protect both your employees and your business from various on-the-job mishaps. Although subject to specific terms and conditions, Worker’s Compensation can cover financial obligations such as:
• An injured employee’s medical expenses/treatment
• The replacement of lost wages from injury time off
• A company’s legal fees in the case of a lawsuit
WHY GET IT?
Aside from many businesses requiring workers comp insurance, most states require this type of insurance by law as well. These laws are designed to ensure that employers are covering some part of the payment for workers’ on-site injuries or even possible occupational health risks.
WHAT ARE THE BASICS?
Worker’s Compensation will usually only cover on-site or work-related injuries and illnesses. However, it is important to know your industry and check your policy because “work-related” can have a wide array of meaning. Accidents including heavy machinery, wet or oil surfaces, fire and explosions, and even simple slip ups with a stapler can all be considered under the blanket of Worker’s Comp. If your company does not offer Worker’s Compensation, these type of injuries or illnesses that occur on the job could lead to an employees suing your company for damages.
Call Insurance Town & Country today and speak with one of our insurance professionals. We will discuss to you the various insurance policies needed to keep your business and its employees protected! Protect Your Employees with Worker’s Comp. We have offices in Denver (303–388-7216) and Castle Rock (303–688-1251). Call us today to schedule your consultation!
Need Help in Your Insurance Hire A Local Agent
As consumers, we do our best to research the facts and consider our options. However, sometimes we are still left with questions. We need more answers. We need further clarification. This is where the local agent professionals come in.
When you are making a big purchase, such as car insurance, working with a professional local agent can help to ease a lot of your trouble. An insurance agent will work with you on determining which insurance — type and amount — fits your needs. An independent local agent — such an Insurance Town & Country — can take it one step further and help you sift through the many options of insurance providers. Using a local agent will allow you to carefully select financially sound and reputable insurance providers.
Once you are ready to discuss your options for automotive insurance, the professionals at Insurance Town & Country can help you when considering the following questions:
Tips On How A Local Agent Can Help You
- How old is your vehicle? The age of your car can determine the amount of coverage needed. As your vehicle ages, the cost on your policy may be able to be lowered. There might also be the chance for raising your deductible and saving on monthly payments.
- Have you had any big life changes recently? Moves, marriages, and birthdays are all cause for celebration — and possible deductions! Let your insurance agent know of any recent changes. There could be savings waiting for you.
- Are you a multi-vehicle owner? Packaging insurance for multiple vehicles could help you get a discount. Whether you own multiple cars, boats, bikes, RVs or the like, they all need insurance.
- Are all of your assets covered? Aside from your vehicles, insurance needs come in many forms. Whether it’s your home, business, pet, or life, be sure to discuss with your local agent any additional policies you and your family might need.
Call Insurance Town & Country today and speak with one of our insurance professionals. We can help maximize your selection and savings when it comes to choosing the insurance policy for your needs. We have offices in Denver (303–388-7216) and Castle Rock (303–688-1251). Call us today to schedule your consultation!
SMART AUTO INSURANCE SHOPPING
We all know that buying a car is a big deal. The first step is generally surface level decisions — make, model, color. After that, it is important to think about what’s “under the hood” — price, gas mileage, features.
But don’t stop there.
It is also important to consider the cost of auto insurance into your total budget. Every driver needs it, and there are no short of options out there for buyers. Insurance Town and Country can help. Below are some topics to consider when you are doing your auto insurance homework.
Types of Auto Insurance
- Liability Coverage — This will pay for damage to other vehicles or injuries to other people that have been caused by you.
- Physical Damage Coverage — This will pay for you damage to your vehicle.
Amount of Coverage
- Every person is different in their driving needs. Some may only want the bare-minimum coverage, while others want insurance coverage for just about every one of life’s roadside surprises. The state you live in will determine the amount of minimum coverage required. From there, it will be up to you to consider your own budget, lifestyle and comfort level to determine which auto insurance suits your needs.
Rate of Coverage
- This will be based on several factors, including information about your vehicle and previous driving record. Let Insurance Town and Country give you very competitive auto insurance quotes in Denver. Depending on your personal driving information, we will be able to help determine the appropriate level of coverage and rates for your lifestyle.
Insurance Town & Country is available to help you make informed decisions regarding your auto insurance. Our experienced business insurance and insurance professionals will help you consider your options and assist you in selecting the coverage that’s right for you. We have offices in Denver (303–388-7216) and Castle Rock (303–688-1251). Call us today to schedule your consultation for business insurance, and let there be one less thing to worry about when you’re buying a car!
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This year you’re going to do it! You’ve made your resolutions and you’ve already hit the gym a couple of times, but you’re not in the greatest shape. You’re in a vulnerable position where you could easily overwork yourself, strain a muscle, or hurt yourself on one of the machines you’re not quite sure how to use. Not to mention that it’s super cold and icy, what if you slip and fall on the ice or get sick because your immune system is compromised? How are you going to pay to visit the doctor? Let us help.
Insurance Town & Country offers several flexible health insurance policies that fall into various plan categories. Each type of category has its pros and cons, but we’re sure that there is one that meets your needs and fits in your budget. The coverage definitions are listed below, read over the short description of each and contact us at either of our locations listed below for a more in-depth assessment of your needs to find the plan that makes sense for you.
Copay - The copay is the amount of money the insured must pay out of pocket for a particular visit or service.
Coinsurance – Coinsurance means that the insured pays a certain percentage (usually 20% or 30%) of the total cost of medical care. A coinsurance plan may or may not be combined with a copay provision.
Deductible – The deductible is the amount that the insured must pay before the plant starts paying. These plans always cover preventative care services even before the deductible has been reached. A wide range of deductibles are available, depending on whether the coverage is for an individual or family.
Health Savings Account - Health Savings Accounts (HSA) must accompany a high-deductible plan. Participants qualify for a tax deduction on the money they deposit in the account. Preventive care is always included in these plans without having to reach the deductible first.
Denver Office Castle Rock Office
1735 E. 17th Ave. #3 513 Wilcox St. #200
Denver, CO 80218 Castle Rock, CO 80104
Phone: 303–388-7216 Phone: 303–688-1251
Email: firstname.lastname@example.org Email: email@example.com
Merry Christmas to all of our friends, family, clients, and strangers! This December 25th is about much more than exchanging gifts. It is the day Insurance Town & Country, celebrates the birth of Jesus Christ.
This holiday season we at Insurance Town & Country want to do more than just wish you a Merry Christmas and Happy Holidays. We want to thank all of our clients for their business and we want to encourage those of you who are not clients, to give Insurance Town & Country a chance to earn your business. We wish all of you the best in 2016!
Joan, Jeremy, and the whole Insurance Town & Country Team