If you operate a business within the energy industry, you have your work cut out for you in terms of addressing daily hazards. There are a ton of risks involved when you work with volatile resources like gas and oil. Thankfully, you can protect yourself, your workers, and your assets with a little forethought. Taking out a practical insurance policy that covers all your bases, for example, is an essential move to make.
Begin With the General Risks
One of the best ways to go about finding appropriate insurance coverage is by addressing the most common hazards in oil and gas industry environments. This will give you a general idea of what areas you need to focus on with your policy. Next, consider the specifics of your particular business. While you can cover a lot with a general policy structured for your industry, your company still likely faces some risks that are unique to your specific business. Focus on these points to round out your plan in a way that fully protects you. Additional points to consider include:
- Damage to rigs and other equipment
- Contamination to local sources of water
- Subsurface collapses
Create a Robust Plan
By beginning with the general risks of your industry and then pinpointing more specific hazards, you can create a truly comprehensive insurance plan. Put in the work and see how it pays off.
More people are starting to shift from buying products from brick and mortar stores to ordering products online. The CBD industry is no different but for many sellers, this change poses a few unique challenges. Making the transition from in-person retail sales to an e-commerce business isnt easy. So, what can you do to ensure a seamless transition?
Provide a Diverse Selection
Most standard retail stores provide a wide selection of products for their customers. Transitioning to an online store shouldnt change this aspect of your business. You need to continue to at least provide your customers with access to the same types of products theyve come to expect. If possible, use the opportunity to roll out new products for your customers to try.
Follow the Changing Demand
With more people staying home and working from home, most companies selling CBD online are starting to see an increase in orders. More people are discovering CBD products for the first time while others are starting to use their old stand-by products more often. Update your website and try to mimic the feel of your retail outlet so your customers will feel confident in relying on your business.
Its also a good idea to review your insurance coverage to make sure your current policy supports your new online sales. If it doesnt or you need additional coverage, update your policy as soon as possible.