Page 21 - 1st Quarter 2016 PL NLTEST

Hiring and management risks
When bringing new people into your business, you are opening up a whole new world of liabili es and responsibili es, such as insurance, health care, and human resources. Make sure all bases are covered.
Interest rate risk
Some loans (SBA loan, for example) might require that you personally guarantee the adjustable loan risk on behalf
of the company.
Insurance liability
Make sure you understand your personal liability when it comes to insurance claims and other legal ma ers. Contact an a orney and make sure you discuss how to form your company and the best way to protect yourself
personally from liability. Forming the right kind of corporate en ty and ensuring you have the right insurance coverage will protect you, your loved ones, and your personal property.
Give us a call so we can recommend appropriate coverages for your new venture.