Bookkeeping and Accounting Setup
Assess whether your new business has a bookkeeping system, chart of accounts, and process to keep clean records from the start.
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Insurance and Risk-Transfer Program
Clarify insurance and risk-transfer program as a first-time owner: what decision you are making, what must happen now, what can wait, and the next concrete action.
6 guided steps
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Official guidance links
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Your free guided checker
Answer a few quick questions below. It is private - nothing is submitted or stored - and takes about a minute.
General information only; not legal, tax, insurance, cybersecurity, or investment advice. Confirm formation decisions with qualified advisers in every applicable jurisdiction.
The questions this tool walks you through
Here is what the checker asks and why each step matters. Prefer to talk it through? Contact us and we will help directly.
Have you mapped actual exposures to general, professional, cyber, product, auto, property, workers’ compensation, disability, and umbrella coverage—including exclusions and contract limits?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: SBA get business insurance
What is the largest realistic loss a client, mistake, data breach, product, vehicle, or damaged property could create for you personally?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: SBA get business insurance
Have you asked whether client contracts require specific coverage, limits, additional-insured status, or proof before work begins?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: SBA get business insurance
Have you extracted insurance limits, additional-insured, and certificate requirements from your standard client contract?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: SBA get business insurance
For advice, data, or product work, have you checked whether general liability alone leaves professional or cyber gaps?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Continue to the next control. Note this item for your final action list, then continue.
Official guidance: SBA get business insurance
Have you completed a risk-to-coverage matrix with limits, exclusions, and a bind-before-work date for each required policy?
Answer based on what you genuinely know today. A “No” identifies a question or task; it does not mean you made a mistake.
Bind required policies before the first risky engagement List worst-case losses by activity
Official guidance: SBA get business insurance
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