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Health & Fitness

5 Movies Proving You Need to Insure Your Startup

Starting a business is the first step toward greatness, but now you need to keep your business afloat. One of the best ways to do that is by insuring your business with commercial insurance. You might think it’s counterproductive to pay money to an insurance company in order to save money, but having insurance can save your business if anything drastic happens. And those issues can arise more often than you’d think. Here are 5 examples from movies to prove how necessary insurance is.

 

The Incredibles

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You never know when you or your employees could get injured and how that injury could occur. Near the beginning of The Incredibles, Bob Parr tosses his boss, the duplicitous Gilbert Huph, through multiple walls, leaving the man in a full-body cast. Hopefully, nothing nearly so drastic will happen at your business, but any number of accidents (or fights) can happen that leave someone injured. A lawsuit over injuries could wipe out your burgeoning business. Don’t take that risk; invest in some insurance.

 

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Willy Wonka and the Chocolate Factory

Unfortunately, it’s not just employee-related injuries you need to worry about anymore. You also need to insure against injuries your customers or visitors could sustain, even if you don’t have any true control over the actions that led up to the injury. In Willy Wonka, 4 out of the 5 children who tour the factory make poor choices that send them away in a traumatized state.

Although you don’t have to worry about transmutations like this, you might have to worry about other types of injuries or problems that could arise at your business. Maybe there’s ice on the sidewalk or the floors are wet, and someone slips and falls. Maybe a chair with a loose screw causes a potential client to tumble to the floor. Any number of things can happen, causing injuries or other problems that could lead to lawsuit or medicals bills. With insurance, you’ll be protected from the financial issues those problems can cause.

 

Tomorrow Never Dies

In Tomorrow Never Dies, Bond is driving a rental car, and he gets into a car chase that ultimately ends when he crashes into the front of the rental shop where he got the car. Even if you don’t employ top secret agent spies who regularly get into car chases and gun fights, there are still accidents that can happen on the company’s dime. If you have insurance that covers company cars and rentals and other similar things, you won’t end up having to pay for a replacement out of your own pocket.

 

Ocean’s Eleven

Commercial insurance, from Edmonton to Dallas, protects your business from theft. If your business gets targeted by a thief, you could end up losing all of your equipment and/or inventory, kind of like how Terry Benedict lost over $150 million when Danny Ocean and his crew of elite con artists targeted Benedict’s casinos. Would you be able to recover from a theft that leaves your business gutted to the core? Or would you have to close shop, even though you couldn’t have prevented the theft? With insurance, you don’t have to worry about whether you can afford to start over from scratch if someone breaks in and steals everything.

 

National Treasure

Physical threats aren’t the only problem, especially not in this digital, electronic age. In National Treasure, Riley Poole hacks into the National Archives to facilitate stealing the Declaration of Independence. Many other movies, from Sneakers to The Italian Job, show similar uses of cyberhacking to get what the hacker want. Cyberhacking is a real threat, proven by the Target hack late last year, which compromised millions of credit cards. Don’t think that because your business is a small startup that you can’t be targeted either. It’s not just large corporations like Visa and Google that hackers go after. Many other smaller businesses are victims of cyberhacking, so you should do what you can to lessen the harm to your business, should a hacker come after you.

 

Don’t take risks with your startup, tempting fate to send something serious your way. Even if you don’t have to worry about blueberry children or thieves going after your millions, accidents can happen that leave you feeling just as hapless. Commercial insurance, like the plans sold at Klondike Insurance, may not be cheap, but when something happens and you end up putting your plan to use, you’ll be grateful you had the foresight to insure your business.

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