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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Upcoming CPE Webinars

Aug 21
Meet budgets and client expectations using project management skills geared toward the unique challenges faced by CPAs. Kristen Rampe will share how knowing the keys to structuring and executing a successful project can make the difference between success and repeated failures.
Aug 26
This webcast will include discussions of recently issued, commonly-applicable Accounting Standards Updates for non-public, non-governmental entities.
Aug 28
Excel spreadsheets are often akin to the American Wild West, where users can input anything they want into any worksheet cell. Excel's Data Validation feature allows you to restrict user inputs to selected choices, but there are many nuances to the feature that often trip users up.
Sep 9
In this session we'll discuss the types of technologies and their uses in a small accounting firm office.