Asset Protection/Insurance Tips

February is Asset Protection/Insurance month on AccountingWEB. Each weekday we will provide you with more practical tips that you can use to protect your investments. We welcome fresh ideas, so please let us know if you have a favorite tip to share!
1
Consider holding assets in separate companies. For example, if you own several pieces of rental property, hold each property in a separate corporation so that a liability incurred on one property won't put the other properties at risk. - AccountingWEB Staff
2
Before purchasing any type of insurance, compare coverage and policies. Make a checklist of all items under comparison, then choose an insurance agent who can get you the best deal on the coverage you want. - AccountingWEB Staff
3
Purchase different types of insurance from the same company to get better rates for repeat customers. - AccountingWEB Staff
























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