Learning Center
Visit the Learning Center to Find the Answers to Your Insurance Questions
When it comes to understanding the intricacies of the insurance world, the more resources you have at your disposal, the better. That's why TruOptions has created a home base for you to find all the tools you need to stay informed about the insurance industry and all of your options.
When you team with TruOptions, not only do you get the benefit of nearly 30 years of experience, but we also offer a variety of resources to help you expand your base of knowledge when it comes to insurance. We provide a wide variety of articles covering a host of pertinent topics, plus glossaries, FAQs and calculators.
After you've found all the information you need in our Learning Center, give us a call us at 919.957.3333 or send us an e-mail to schedule an appointment with your personal advisor.
09
Dec
A Policies and Procedures Manual
Family members working together many hours a week to run a five or six person business might feel they have no time for putting together a policies and procedures manual.
But what they really have time for is an endless series of disputes and disagreements over compensation, benefits, work schedules, holidays and vacations, incurring debt, hiring and firing offspring and other family members, sharing ownership, and other vital issues. In most cases, a few nights and weekends devoted to ironing out such details and developing written company policies and procedures that everyone can refer to will save untold hours, dollars and heartaches later on.
09
Dec
Transition Planning
Even the struggling setup company or the very small business, is owned by somebody. If that includes family members or other co-owners of closely held shares, it’s never too early to negotiate a buy-sell agreement to define how ownership changes will be handled.
No family company is immune to the difficulties that can be caused by death, divorce or hard-headedness within the family. Before such things appear, they should be covered by a buy-sell agreement that has been worked out under relaxed conditions with competent professional advice. The time to plan for bad times is during good times.
09
Dec
Commercial Insurance Matters
Commercial Insurance enables a business to transfer the financial consequences of a loss to an insurance company. The insurance company, in turn, pays the policyholder for covered losses.
Commercial Insurance is one of several techniques used in risk management, which is the process of identifying, analyzing and managing loss exposures so that an organization can meet its objectives. These techniques can be used as part of an overall process to help your business succeed.
09
Dec
Want Your Business To Succeed? Run It Like A Business
Some of the most unnecessary problems that family owned companies get into result from failure to run their businesses as businesses.
But a family business is an altogether different enterprise. The stakes are higher, and organizing work, allocating resources, and assigning accepting responsibility are more serious. For many families, the business constitutes most, if not all, of the assets, income stream and hope for a secure future. So running the business deserves very serious attention.