Business insurance

When the COVID-19 pandemic hit the world, economists anticipated great difficulties for companies in all sectors. Economists in credit insurance companies even predicted that there would be a worldwide bankruptcy wave, which would topple companies in every country. In the worst case, insolvencies were predicted to increase worldwide by even more than 30 per cent. Fortunately, this bankruptcy wave never materialised.

Timo Nisumaa

Insurance Broker

It is clear that managerial positions come with a lot of responsibility. Persons in managerial positions bear various risks related to business operations and company management. But did you know that managers also have personal financial liability?

When setting up a business, it is vital also to pay attention to insurance matters. You need to know which business insurances are mandatory, and which are the optional ones – and, furthermore, what are the insurances your company needs from day one, and what are the alternatives you should take into consideration later as your business gets established and starts growing.