If you have a property loss, submit your claim to the insurance company and they only reimburse you for the cost to reproduce your merchandise or product would you be mad? Would you expect to be reimbursed at the selling price instead? How would this impact your revenue and cash flow? The standard property insurance … Continue reading Insuring Your Product at Selling Price
Deductible and self-insured retentions (SIRs or simply retentions) are similar in a lot of ways, but they are not the same. In this 3 minute video I explain two of the biggest differences that could impact your cash flow and your total out of pocket costs.