Blog

Oct
24
What Should I Outsource?

Entrepreneurs face great pressure to cut costs to keep their enterprises viable. Are you taking risks by tackling tasks that you are not qualified to do? Whether it’s preparing tax returns or buying business insurance California, business owners who cut corners while trying to cut costs much may be setting themselves up for expensive lessons in business management. It’s better to outsource some tasks than do them badly and make serious mistakes.

Let’s consider two scenarios where inexperienced entrepreneurs get out of their depth.

  • A business owner buys business insurance online. He discovers too late that the policy he has purchased provides product liability coverage and not the professional liability coverage he needs. A professional insurance agent could have explained the policy terms so that he was fully aware of the risk coverage included and excluded. The business owner didn’t realize that there are several different kinds of liability coverage.

  • A business owner is in a rush to fill a job vacancy and hires an employee without doing a background check. An experienced recruiter could have identified and checked out inconsistencies in the job application and job history. The new recruit was a disaster; the business owner might tally up the cost of training and errors made by the unsuitable employee and realize that paying a recruitment firm might have been a better idea.

Some specialized tasks warrant being outsourced so that you can focus your attention on the work that you do best. Experts are available who can do this work far more quickly than you, and without expensive mistakes you might make. Don’t try to manage business insurance California all by yourself! Let our expert agents work with you to find suitable coverage for your investment, and manage your insurance for you.