• About Us
  • Contact Us
  • Privacy Policy
  • Advertise
  • Submit Post
Monday, March 8, 2021
  • Login
  • Register
Ncsarena.com.ng
  • Home
  • Federal Government Jobs
    • All
    • EFCC Recruitment
    • FCSC Recruitment
    • N-Power Recruitment
    • NAF Recruitment
    • NALDA
    • NAVY Recruitment
    • NCS Recruitment
    • NDE
    • NDLEA Recruitment Portal
    • Nigerian Army Recruitment
    • NIMC
    • NIS
    • NPF Recruitment
    • NSCDC Recruitment
    • NYIF
    • PYES
    • SPW
    • YouWin
    NAF Recruitment BMTC 2021

    NAF Recruitment Application Portal 2021 – nafrecruitment.airforce.mil.ng

    Nigerian Airforce Recruitment Form

    Nigerian Airforce Recruitment Form 2021/2022 | BMTC 2021 Airmen/women

    Nigerian Army 80RRI Screening Centres

    Nigerian Army 81RRI Recruitment Form 2021/2022 | recruitment.army.mil.ng

    Army 81RRI Recruitment

    recruitment.army.mil.ng | Army 81RRI Recruitment Portal 2021/2022

    Nigeria Customs Service Shortlisted Candidates

    Nigeria Customs Service Shortlisted Candidates 2021 PDF | NCS Recruitment

    NYIF Loan Disbursement Login Portal

    NYIF Loan Disbursement Portal Validation 2020/2021 | nyif.nmfb.com.ng

    NPower Shortlisted Candidates

    NPower Shortlisted Candidates 2020/2021 | N-Power Pre-Selection List check.npvn.ng

    NDLEA Aptitude Test Shortlisted Candidates PDF

    Download & Print NDLEA Guarantor Form PDF 2021 | NDLEA Recruitment Portal

    NDLEA Applicant Confirmation Slip

    NDLEA Applicant Confirmation Slip Printing 2021 | NDLEA Recruitment Screening

    NDLEA Recruitment Past Questions

    NDLEA Recruitment Screening Date, Venue & Requirements 2021

    Trending Tags

    • Job Vacancies
    • Education
    • Scholarships
    No Result
    View All Result
    • Home
    • Federal Government Jobs
      • All
      • EFCC Recruitment
      • FCSC Recruitment
      • N-Power Recruitment
      • NAF Recruitment
      • NALDA
      • NAVY Recruitment
      • NCS Recruitment
      • NDE
      • NDLEA Recruitment Portal
      • Nigerian Army Recruitment
      • NIMC
      • NIS
      • NPF Recruitment
      • NSCDC Recruitment
      • NYIF
      • PYES
      • SPW
      • YouWin
      NAF Recruitment BMTC 2021

      NAF Recruitment Application Portal 2021 – nafrecruitment.airforce.mil.ng

      Nigerian Airforce Recruitment Form

      Nigerian Airforce Recruitment Form 2021/2022 | BMTC 2021 Airmen/women

      Nigerian Army 80RRI Screening Centres

      Nigerian Army 81RRI Recruitment Form 2021/2022 | recruitment.army.mil.ng

      Army 81RRI Recruitment

      recruitment.army.mil.ng | Army 81RRI Recruitment Portal 2021/2022

      Nigeria Customs Service Shortlisted Candidates

      Nigeria Customs Service Shortlisted Candidates 2021 PDF | NCS Recruitment

      NYIF Loan Disbursement Login Portal

      NYIF Loan Disbursement Portal Validation 2020/2021 | nyif.nmfb.com.ng

      NPower Shortlisted Candidates

      NPower Shortlisted Candidates 2020/2021 | N-Power Pre-Selection List check.npvn.ng

      NDLEA Aptitude Test Shortlisted Candidates PDF

      Download & Print NDLEA Guarantor Form PDF 2021 | NDLEA Recruitment Portal

      NDLEA Applicant Confirmation Slip

      NDLEA Applicant Confirmation Slip Printing 2021 | NDLEA Recruitment Screening

      NDLEA Recruitment Past Questions

      NDLEA Recruitment Screening Date, Venue & Requirements 2021

      Trending Tags

      • Job Vacancies
      • Education
      • Scholarships
      No Result
      View All Result
      Ncsarena.com.ng
      No Result
      View All Result
      Home Insurance

      Learn How To Select Insurance Plans Using Needs Analysis

      Samuel Maxwell by Samuel Maxwell
      August 7, 2019
      in Insurance, Uncategorized
      Reading Time: 5min read
      3.4k
      0
      Share on FacebookShare on Twitter
      Learn on Selecting Insurance Plans Using Needs Analysis



      Knowing how much insurance you will need as a small business owner can be a challenging endeavor. Nevertheless, having the appropriate insurance policy can save a small business a lot of money.


      Table of Contents
      • Getting the Right Amount of Insurance
      • Choose a Reliable Carrier
      Needs analysis can give you a better idea of what kind and how much insurance would be the optimum for your business. Of course, buying liability, property and health insurance, in addition to Workmen’s Compensation, can be quite expensive, so assessing your business’ needs and what kind and how much insurance can be crucial.

      (adsbygoogle = window.adsbygoogle || []).push({});

      Evaluating Your Business

      The first consideration when using needs analysis for deciding on an insurance policy for your small business consists of accurately analyzing the different liabilities and assets which directly affect the business. These include:

      • Property – this includes equipment, real estate and other assets.
      • Business Volume – the amount of accounts receivable and the average cash flow of the business.
      • Salaries – how much you pay yourself and however many employees the company has.
      • Overhead – the cost of running the business including rent, utilities and other miscellaneous expenses.
      • Future Trends and the Local Economy – how future trends and the state of the local economy will affect the business in the future.

      You can then better determine your company’s insurance objectives and what type of insurance plan would be optimal for your business by keeping the above factors in mind.

      The second consideration for your insurance needs involves estimating your business’s potential for losses. This includes fire, theft, property damage, an employee’s legal action or losses due to economic hardship.

      Getting the Right Amount of Insurance

      Once you have evaluated your assets and liabilities, you will be much better prepared to determine how much insurance your company will need. You will want adequate coverage for your assets so make an accurate assessment of potential risks to your property to get adequate coverage.

      Remember, a high premium will provide a higher amount of coverage so be aware of potential risks and make sure your business is covered for any high risk factors. Also, if you choose a higher deductible, you will probably pay less for your policy. Make sure you get the right amount of insurance depending on what your company can afford.

      By law, your business will need Workers’ Compensation insurance. Consult with your company’s lawyer or advisor on how much your company may need and what type of package would be optimal for you and your employees.

      Comprehensive coverage might be optimal for your business if you have several employees and own the business property. Group health and life insurance along with disability, property, flood and fire insurance can often be included in your policy.

      Choose a Reliable Carrier

      A reliable insurance company and an experienced agent can be an important element to obtaining the right amount of insurance for your business. A knowledgeable agent can help you perform your needs analysis, and can sometimes speed up the claim process, if you need to make one.



      (adsbygoogle = window.adsbygoogle || []).push({});

      Also Check This:   Npower Teach Registration & Login Aptitude Test Portal (Apply Here Now)

      Also, choosing an insurance company with a good reputation and solid finances will give you greater peace of mind if any unfortunate event befalls your business. 

      The last thing you need if you have to make a claim is an insolvent insurance carrier.

      Finally, have your business appraised periodically to gauge how much insurance you will need on an ongoing basis. Since business finances and assets change over time, the amount of insurance you might need can also change.

      By: Adam Colgate
      Source – businessdictionary
      Share208Tweet130SendShare
      Previous Post

      Discussion: The Term Life Insurance vs. Whole Life Insurance

      Next Post

      Hard Drive Data Recovery

      Samuel Maxwell

      Samuel Maxwell

      Dr. Samuel Maxwell is an Economist, a Renowned Journalist, online publisher and Author, Currently an Editor and Publisher of This Great Website. He loves Sharing Educational, Jobs, Recruitment and Scholarship Opportunities to the General Public to Help Them Secure Their Dream Jobs and Boost Their Career.

      Related Posts

      NNPC/NAOC/OANDO

      2019 NNPC/NAOC/OANDO JV Tertiary Scholarship Application Form

      2 years ago
      Latest Nigerian Jobs Vacancies and Recruitment News

      2019 NNPC National Science Quiz Competition for Young Nigerians

      2 years ago
      Latest Nigerian Jobs Vacancies and Recruitment News

      NNPC Recruitment News 2019 – Check Today’s Latest Updates Here

      2 years ago
      PTDF Overseas PG Scholarship List of Successful Awardees for 2019/2020

      PTDF Overseas PG Scholarship List of Successful Awardees for 2019/2020

      2 years ago
      Bitch Media 3 Months Fellowships for Writers 2019/2020 | [Get $2,000 Stipend]

      Bitch Media 3 Months Fellowships for Writers 2019/2020 | [Get $2,000 Stipend]

      2 years ago
      Latest Nigerian Jobs Vacancies and Recruitment News

      CIAPS Commonwealth Scholarships Postgraduate Studies 2019/2020

      2 years ago
      Load More
      Next Post
      Latest Nigerian Jobs Vacancies and Recruitment News

      Hard Drive Data Recovery

      Leave a Reply Cancel reply

      Your email address will not be published. Required fields are marked *

      Recent Articles

      • NAF Recruitment Application Portal 2021 – nafrecruitment.airforce.mil.ng
      • Nigerian Airforce Recruitment Form 2021/2022 | BMTC 2021 Airmen/women
      • Nigerian Army 81RRI Recruitment Form 2021/2022 | recruitment.army.mil.ng
      • recruitment.army.mil.ng | Army 81RRI Recruitment Portal 2021/2022
      • Nigeria Customs Service Shortlisted Candidates 2021 PDF | NCS Recruitment

      Get Recruitment News

      Subscribe to our mailing list and get interesting Jobs and Latest Recruitment Updates to your email inbox.

      Thank you for subscribing.

      Something went wrong.

      we respect your privacy and take protecting it seriously

      Featured Recruitments

      • NA 80RRI Recruitment
      • NPower Recruitment
      • NIS Recruitment
      • NSCDC Recruitment
      Facebook Twitter RSS

      About

      Ncsarena.com.ng

      Latest Nigerian Recruitment News

      Ncsarena.com.ng is dedicated to providing latest jobs in Nigeria and abroad. Our main work here is to give you latest information about all the recruiting companies in Nigeria.

      Connect With Us

      Recently Added

      • NAF Recruitment Application Portal 2021 – nafrecruitment.airforce.mil.ng
      • Nigerian Airforce Recruitment Form 2021/2022 | BMTC 2021 Airmen/women
      • Nigerian Army 81RRI Recruitment Form 2021/2022 | recruitment.army.mil.ng
      • recruitment.army.mil.ng | Army 81RRI Recruitment Portal 2021/2022

      Search Jobs

      No Result
      View All Result

      Popular Searches

      • NSCDC Shortlisted Candidates
      • NPower Shortlist 2020
      • NIS Shortlisted Candidates
      • NA 80RRI Shortlisted Candidates

      © 2020 Ncsarena.com.ng - Latest Nigerian Jobs Vacancies, Recruitment & Scholarships by Ncsarena.com.

      • Login
      • Sign Up
      No Result
      View All Result
      • Home
      • Federal Government Jobs
      • Job Vacancies
      • Education
      • Scholarships

      © 2020 Ncsarena.com.ng - Latest Nigerian Jobs Vacancies, Recruitment & Scholarships by Ncsarena.com.

      Welcome Back!

      Sign In with Facebook
      Sign In with Google
      OR

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Sign Up with Facebook
      Sign Up with Google
      OR

      Fill the forms below to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      Log In ×
      Verification Code
      Please type the verification code sent to
      SUBMIT
      Forgot your Password?
      Login With OTP
      Resend OTP(00:30)
      Don't have an account?
      Signup
      Resend OTP(00:30)
      Back to login

      Resend OTP (00:30)
      Back to login
      • (+93) Afghanistan
      • (+355) Albania
      • (+213) Algeria
      • (+1) American Samoa
      • (+376) Andorra
      • (+244) Angola
      • (+1) Anguilla
      • (+1) Antigua
      • (+54) Argentina
      • (+374) Armenia
      • (+297) Aruba
      • (+61) Australia
      • (+43) Austria
      • (+994) Azerbaijan
      • (+973) Bahrain
      • (+880) Bangladesh
      • (+1) Barbados
      • (+375) Belarus
      • (+32) Belgium
      • (+501) Belize
      • (+229) Benin
      • (+1) Bermuda
      • (+975) Bhutan
      • (+591) Bolivia
      • (+599) Bonaire, Sint Eustatius and Saba
      • (+387) Bosnia and Herzegovina
      • (+267) Botswana
      • (+55) Brazil
      • (+246) British Indian Ocean Territory
      • (+1) British Virgin Islands
      • (+673) Brunei
      • (+359) Bulgaria
      • (+226) Burkina Faso
      • (+257) Burundi
      • (+855) Cambodia
      • (+237) Cameroon
      • (+1) Canada
      • (+238) Cape Verde
      • (+1) Cayman Islands
      • (+236) Central African Republic
      • (+235) Chad
      • (+56) Chile
      • (+86) China
      • (+57) Colombia
      • (+269) Comoros
      • (+682) Cook Islands
      • (+225) Côte d'Ivoire
      • (+506) Costa Rica
      • (+385) Croatia
      • (+53) Cuba
      • (+599) Curaçao
      • (+357) Cyprus
      • (+420) Czech Republic
      • (+243) Democratic Republic of the Congo
      • (+45) Denmark
      • (+253) Djibouti
      • (+1) Dominica
      • (+1) Dominican Republic
      • (+593) Ecuador
      • (+20) Egypt
      • (+503) El Salvador
      • (+240) Equatorial Guinea
      • (+291) Eritrea
      • (+372) Estonia
      • (+251) Ethiopia
      • (+500) Falkland Islands
      • (+298) Faroe Islands
      • (+691) Federated States of Micronesia
      • (+679) Fiji
      • (+358) Finland
      • (+33) France
      • (+594) French Guiana
      • (+689) French Polynesia
      • (+241) Gabon
      • (+995) Georgia
      • (+49) Germany
      • (+233) Ghana
      • (+350) Gibraltar
      • (+30) Greece
      • (+299) Greenland
      • (+1) Grenada
      • (+590) Guadeloupe
      • (+1) Guam
      • (+502) Guatemala
      • (+44) Guernsey
      • (+224) Guinea
      • (+245) Guinea-Bissau
      • (+592) Guyana
      • (+509) Haiti
      • (+504) Honduras
      • (+852) Hong Kong
      • (+36) Hungary
      • (+354) Iceland
      • (+91) India
      • (+62) Indonesia
      • (+98) Iran
      • (+964) Iraq
      • (+353) Ireland
      • (+44) Isle Of Man
      • (+972) Israel
      • (+39) Italy
      • (+1) Jamaica
      • (+81) Japan
      • (+44) Jersey
      • (+962) Jordan
      • (+7) Kazakhstan
      • (+254) Kenya
      • (+686) Kiribati
      • (+965) Kuwait
      • (+996) Kyrgyzstan
      • (+856) Laos
      • (+371) Latvia
      • (+961) Lebanon
      • (+266) Lesotho
      • (+231) Liberia
      • (+218) Libya
      • (+423) Liechtenstein
      • (+370) Lithuania
      • (+352) Luxembourg
      • (+853) Macau
      • (+389) Macedonia
      • (+261) Madagascar
      • (+265) Malawi
      • (+60) Malaysia
      • (+960) Maldives
      • (+223) Mali
      • (+356) Malta
      • (+692) Marshall Islands
      • (+596) Martinique
      • (+222) Mauritania
      • (+230) Mauritius
      • (+262) Mayotte
      • (+52) Mexico
      • (+373) Moldova
      • (+377) Monaco
      • (+976) Mongolia
      • (+382) Montenegro
      • (+1) Montserrat
      • (+212) Morocco
      • (+258) Mozambique
      • (+95) Myanmar
      • (+264) Namibia
      • (+674) Nauru
      • (+977) Nepal
      • (+31) Netherlands
      • (+687) New Caledonia
      • (+64) New Zealand
      • (+505) Nicaragua
      • (+227) Niger
      • (+234) Nigeria
      • (+683) Niue
      • (+672) Norfolk Island
      • (+850) North Korea
      • (+1) Northern Mariana Islands
      • (+47) Norway
      • (+968) Oman
      • (+92) Pakistan
      • (+680) Palau
      • (+970) Palestine
      • (+507) Panama
      • (+675) Papua New Guinea
      • (+595) Paraguay
      • (+51) Peru
      • (+63) Philippines
      • (+48) Poland
      • (+351) Portugal
      • (+1) Puerto Rico
      • (+974) Qatar
      • (+242) Republic of the Congo
      • (+40) Romania
      • (+262) Runion
      • (+7) Russia
      • (+250) Rwanda
      • (+290) Saint Helena
      • (+1) Saint Kitts and Nevis
      • (+508) Saint Pierre and Miquelon
      • (+1) Saint Vincent and the Grenadines
      • (+685) Samoa
      • (+378) San Marino
      • (+239) Sao Tome and Principe
      • (+966) Saudi Arabia
      • (+221) Senegal
      • (+381) Serbia
      • (+248) Seychelles
      • (+232) Sierra Leone
      • (+65) Singapore
      • (+1) Sint Maarten
      • (+421) Slovakia
      • (+386) Slovenia
      • (+677) Solomon Islands
      • (+252) Somalia
      • (+27) South Africa
      • (+82) South Korea
      • (+211) South Sudan
      • (+34) Spain
      • (+94) Sri Lanka
      • (+1) St. Lucia
      • (+249) Sudan
      • (+597) Suriname
      • (+268) Swaziland
      • (+46) Sweden
      • (+41) Switzerland
      • (+963) Syria
      • (+886) Taiwan
      • (+992) Tajikistan
      • (+255) Tanzania
      • (+66) Thailand
      • (+1) The Bahamas
      • (+220) The Gambia
      • (+670) Timor-Leste
      • (+228) Togo
      • (+690) Tokelau
      • (+676) Tonga
      • (+1) Trinidad and Tobago
      • (+216) Tunisia
      • (+90) Turkey
      • (+993) Turkmenistan
      • (+1) Turks and Caicos Islands
      • (+688) Tuvalu
      • (+1) U.S. Virgin Islands
      • (+256) Uganda
      • (+380) Ukraine
      • (+971) United Arab Emirates
      • (+44) United Kingdom
      • (+1) United States
      • (+598) Uruguay
      • (+998) Uzbekistan
      • (+678) Vanuatu
      • (+58) Venezuela
      • (+84) Vietnam
      • (+681) Wallis and Futuna
      • (+212) Western Sahara
      • (+967) Yemen
      • (+260) Zambia
      • (+263) Zimbabwe
      error: Alert: Content is protected !! Kindly use the share button