14 - Sunday, October 13, 1985 - North Shore News Business Business insurance a must UNLESS YOU'RE willing to gamble with the future of your business, insurance for your com- pany is a must. When surance, shopping for in- be stire to cover essentials like your stock equipment first, “AU risk” insurance can protect your assets from everything short of nuclear fallout. But read the fine print - most policies exclude earthquakes, and protection from flooding is almost impossible to get. While equipment and tools should be insured for their replacement value, stock can only be insured for its actual value. This advice comes from Lou Soet, who has been in the insurance business for 28 years with Baker, Russell and Ledgerwood Ltd. In- surance Brokers. A business owner should then consider liability in- surance, says Soet. This is KAREN MAGNUSSEN Arena has on staff this fall a collection of fine skating in- structors. Register now for series Il skating lessons, from Oc- tober 15 to November 14, Pre-school lessons are Tues- days and Thursdays with class times at 9:45 a.m., 10:45 a.m., 1:15.p.m., and 2:15 p.m. School age lessons ~ are Tuesdays and Thursdays at 3:30 p.m. Register early. For further information call 984-9341. By LISA SMEDMAN especially important for con- tractors, who can be sued if their workmanship causes property damage or personal injury. Only ‘‘protessionals’’ (doctors, lawyers, engineers) should consider the ‘very expensive’' errors and omis- sions insurance, says Soct. NOT BLOODTHIRSTY While Canadian shoppers are not as ‘‘bloadthirsty’’ their American counterparts when it comes to suing a store, the retailer should also consider liability insurance. Storekeeper's ftiability in- surance will take care of any lawsuits from customers who are injured on your premises or who suffer damage from one of your products, Purchase at least $1 mil- lion worth of liability in- surance, says Soe. “You never know what's going to happen." If your business is in a rented building, you should consider fire legal liability insurance. This will cover any damages you must pay a landlord if you cause a fire in his building. If your family depends on your business income, look into carnings insurance, This type of policy will guarantec your inceme if your business is interrupted because of, for example, a fire, act of God, theft or vandalism. DISABILITY EXPENSIVE Disability income, which guarantees your income in the event of sickness, is more expensive, say's Soct. You can also purchase ac- counts receivable insurance, This will ensure income fram outstanding accounts if all records of those accounts are destroyed. (These policies are not necessary if you keep duplicate sets of all accounts elsewhere). When fooking for an in- surance agent or broker, don't just walk into any agency, says Soet. Shop around for someone by ask- ing other business people who they deal with, If you are a_ business owner looking for life in- surance, disability insurance, or a dental or extended health insurance plan, ask about the North Vancouver Chamber of Commerce group insurance plan (available to chamber members only). This plan offers small ALL MODEL RAILROADERS You are invited to attend a clinic in creating scenery landscape. Learn how to create a life-like diorama for your railroad. EUGENE DALY (a well known model railroader), will be at Ambleside Hobbies starting SATURDAY OCTOBER 19th from 10-2 PM and EVERY SATURDAY unti! NOVEMBER Sth. — DROP IN FOR A VISIT AMBLESIDE | _ 1425 marine Drive West Vancouver 922-3512 open 6 days a week, 9:30-8 pm, Friday until 9 pm and health plans can be pur- chased separately. Phone the chamber at 987-4488, businesses many of the op- tions normally available only to larger companies. Dental Let Me Put You On The Road To Financial Independence Own shares in mutual funds which invest in world-wide in- dustries (Energy, Industrials, Transportation, Finance and many more) enabling you to par- ticlpate in the stock market for © Capital accumulation « Above average returns Start building your Investment portfolio with contributions as low as $50 per month through RUDI G. WINTER our time-tested share purchase plan. Call me for a free finan. 921-9285 clal consultation without obligation in the comfort o A ‘ your home. nvestor PPOFIT FROM OUR EXPERIENCE “AT FANTASTIC SAM'S ult Cuts perms: a50| 51429 Expires Oct. 14, 14 Kids Cuts Z Reg: * $450\""'s Rog. * Now “THE ORIGINAT FAMILY FAIRCUTTERS?