When you are starting a business, it is a risk you are taking. There is nothing wrong with hoping for things to go your way but remember that you cannot will everything to turn out according to what you had planned for and this means you also have to prepare for the worst. You should make sure your business is insured. Also, when you have insured your business you will be confident in taking risks because you know that no matter what might happen you will have someone to catch you when you fall. When your employees are satisfied working for you, they will give you better results and this is one of the perks of knowing that they will not lose even if the business does not turn out as they had expected.
One of the things you cannot afford to take for granted if you have company vehicles is fleet insurance. The insurance companies use the vehicle age and type in calculating the premiums you have to pay. The great thing about this is that the insurance company will have to pay for repairs in the event that the vehicles are involved in an accident. You will also be facing legal charges if you let your employees operate vehicles which are not insured and it will be even worse if an accident involving a third party happens. Fleet insurance covers all the vehicles you have under one cover which makes it very easy for you to manage.
One thing about inventory in business is that if you know exactly what you have then determining how strong your business is financially is not going to be a problem. Therefore, it is crucial that you take insurance for everything in your company. Accidents can happen and the warehouse where all your stock was can be destroyed or burn down. Therefore, when you are drafting a business plan you should not forget to include business insurance in the process.