Starting A Business? Stay Protected!

Tuesday, July 3, 2018 Philippines


Even though I am a full-time health practitioner by day, I am still hoping that one day, I could start my own curated cosmetics or open a small cafe in my neighborhood wherein I could sell my own baked goods, sip some chocolate drinks and have a good time while chatting with the customers that I have. I wanted to be that Girl Boss someday and of course I can do that by starting something of my own. 

But business is hard to begin with right? Even retail ones (Believe me, I already tried doing retails)! First, you will need an educational background about business and marketing, don't forget about accounting as well. Unless you would hire someone that can do this analysis for you. Next is budget, not all businesses are a sure success, so you better reserve a financial budget that will not affect your savings nor put your assets at stake. One of the hardest parts is getting a license permit to operate and the branding of your business. After establishing all of this, you can now choose your location, set it up and ready your team! 

As much as you love doing your business, do not lose track and make sure to keep it protected. Damages through Fire and Lightning, Typhoon, Flood, Earthquake fire and shock, Smoke Damage, Explosion, Vehicular Impact, Falling Aircraft, Riots, Strikes and Malicious Damage, Sprinkler Leakage, Bursting of Water Tanks and Pipes. All of these can happen to your business property

Make sure to apply for a Property Insurance from a reputable Insurance Company here in the Philippines. Upon research, I discovered that Malayan Insurance Company can provide coverage against loss or damages for all of the possible business disasters I mentioned above! It even includes coverage for Debris Removal, Professional Fees and Fire Fighting Expenses. 

Besides the Property Insurance, they also offer Comprehensive General Liability (CGL) it is a value-added feature that brushes off business-related legal worries. It provides protection to the Insured’s business against third party claims as a result of property damage and/or bodily injury arising from the operations of the business. This includes legal expenses necessary to defend the Insured from third party claims. Depending on the type of business, the CGL offers specific extensions that are relevant to the nature of business from food poisoning endorsements for restaurants.

Last, Malayan Insurance Company also offers Personal Accident (PA) Insurance, a 24-hour, 365-day protection for the Insured and Insured’s employees against accidents. As a standard feature, Business Protect provides coverage for four (4) named employees provided that the age of each person declared under this benefit does not exceed 65 years old.

Interested? Get a quote from their website here

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