Augusta
VIP Contributor
One of the ways of earning residual income and making good money can come from having your insurance business. You can make money through the premium that is paid to you at different times by your clients. So to have a smooth run of it, you need to do the following:
- First, you need to register your insurance company with the government and insurance commission agencies; this will help you obtain the guidelines on running the business without going against the law
- Then insure your business with another insurance company, this will help you in case a claim from your clients are too large for you
- To avoid closure of your insurance you need to obtain all the licenses and permits needed
- Go for insurance you can cover with ease
- Then have a little money for the initial take off and move on from there