Tips for a Louisiana Small Business Owner Preparing for Vacation – Don’t Forget to Call Your Insurance Broker!
Entrepreneurs and small business owners deserve to have a great vacation, though most end up never giving themselves one. A relaxing vacation is not just good for your personal sanity; it could also help your business. After all, it gives you time away from work to reflect and refresh yourself, so that you come back energized. The trick to getting out and enjoying a vacation is preparing; that way you can leave for a few days without worrying about something going wrong. In the event, that something untoward does happen, will your insurance protect you? There’s only one way to find out—call your trusted broker and get a quick review of your small business insurance in Louisiana before you go on vacation.
How to Prepare for Your Vacation
Follow these 6 steps:
- Assign someone to be in charge while you are away. If you have manager or supervisors, they already understand their role. If you have more than one manager, choose one to oversee operations while you are away and ensure other managers understand who is in charge. When there are no managers, you will need to select an employee and give them special instructions regarding their authority and just how far that authority extends in your absence.
- Get all unfinished projects out of the way. You cannot enjoy your vacation if you know you have a pile of tasks to come back to. Do what you can to finish those projects or delegate the task to staff members. That way, all you have to worry about is the sand in your toes.
- Let key people know about your upcoming absence. Inform certain clients and vendors that are used to dealing with you personally about your upcoming vacation. Let them know their contact point while you are gone and when they can expect for you to return.
- Create a list of emergency numbers. There should be a list of emergency numbers for your out-of-town contact information as well as other emergency contacts.
- Write down procedures that you normally handle yourself. This may include setting the alarm for your store, completing credit card transactions, payroll processing, logging into the system, etc. Your deputy will need to know how to do these things while you are away.
- Review your small business insurance in Louisiana. It is always a good idea to review your small business insurance coverage before leaving. While you know how to safely operate your business, employees may not. Ensuring you are adequately covered will provide you with peace of mind while you are gone. Also, if you have to promote an employee to driving the company car, you may need to add them to your auto policy associated with your commercial insurance.
The Nowell Agency can help you enjoy peace of mind while you are on vacation. Let our team perform a risk assessment and analyze your needs for small business insurance in Louisiana before you depart on your next vacation.