20 - MANCHESTER HERALD. Tuesday. Sept. 18, 1984 BUSINESS Business Insurance crucial for new firms In Brief ^ You have just begun your small business. It is a protects the business against crime, including Fair tonight; Manchester, Conn. fledgling, as frail as any newborn could be. burglary, theft and forgery as well, and covers Then a fire, severe hurricane or tornado levels your damages and losses caused by malfunctions or some sun Thursday Wednesday, Sept. 19, 1984 PCB project in Columbus building. A liability lawsuit wipes out your profits for Your breakdowns of your machinery. — see page 2 Single copy: 25C COLUM BUS. Ohio — A major effort to reduce years to come. A burglar makes off with your payroll. The severe hardships caused by these kinds of Money's significantly the high concentration of polychlori­ You can have your broker or agent tailor each liaiirliPHtpr Mfralb nated biphenyls in electrical transformers disasters can be prevented — or at least eased — if you component of the package to the specifics of your around the country has been initiated by the prepare for them by buying the right kinds of Worth business, insurance. Union Carbide Corp. of Danbury, Conn., and Sylvia Porter • No matter where your business is located, look McGraw-Edison Co. of Rolling Meadows, III. American entrepreneurs last year started 600,000 into business interruption insurance. If a specific Called Unison, their joint venture will utilize new businesses, and this year's pace is running ahead event, such as a fire or major mechanical breakdown, technology developed by Union Carbide and be of that 1983 record, according to the Small Business forces you to interrupt your business operations, this based in Columbus. Administration. policy provides the money you need to meet payments The other firm will market the project through If your business is one of these, you built it from liability but doesn't protect your business activities. — your payroll, taxes and other costs. dreams and hard work. But a riew business can You may want to boost your personal liability New housing employees drawn from the McGraw-Edison • Extra-expense insurance covers the costs you Service group in Columbus. founder if you overlook the insurance crucial to its protection; then you also will need a commercial incur to move your business to another place in order Electrical transformers, in which PCB has long-term success and your peace of mind. policy to cover claims against your business. to maintain service. been used as a coolant for many years, typically Insurance needs hinge on where you locate your • Few home-based businesses benefit from busi­ • And review your auto coverage. You may be contain 600,000 parts per million or more. company and what you do. ness package insurance policies, but these policies do advised to ^et a special policy that covers your The Uni.son project, which initially will have 50 offer comprehensive coverage and are worth looking business if you have employees who use their personal • It you run a business out of your home, you can't into. shows dip Columbus employees ;fnd some 200 technicians cars for your work. around the nation to service contaminated a.ssume that your homeowners policy will be enough! Certainly, if you are an entrepreneur who locates a • Before you buy any coverage — and this brief transformers, expects to reduce the number of Automatically review your basic contract, since it business in a shop or office away from your home, guide merely skims the surface — investigate local PCBs to less than 50 parts per million, in may impose restrictions on coverage if you run a these packages can make a good deal of sense. insurance requirements. You may need certain accordance with Environmental Protection busine.ss at home. The basic idea is that buying a package saves you coverage to comply with the building code, fdr Agency regulations. • For many kinds of businesses, you can buy an time and money. For example, suppose you buy the example, or to conform with local business licensing for August endorsement on your regular homeowners policy that "Special Multi Peril" policy, which is just one of a requirements, will protect your business activities. number of business packages offered by the insurance • Talk with several agents and brokers to compare Seabrook head doubles goal This approach works particularly well, says the industry. plans and costs. Once you have bought the coverage By Denis G. Gulino this year the rate has fallen below In.surance Information Institute, if you run a school, M AN CH ESTER , N IL — Public Service Co. of This provides coverage for buildings and personal you need, keep the seller up to date about changes in United Press International music or art studio, or office in your home. 1983's rale of 1.703 million. New Hampshire has doubled the outside estimate property against a wide variety of risks, and gives your business so coverage can be modified to meet • Your homeowners insurance covers personal The worst construction setback was of how much it will have to raise in high-interest your business protection against liability lawsuits. It your new and, it is hoped, better situation. W ASHINGTON - New housing in the South, where most new houses securities to complete its .56 percent share of construction plunged 12.8 percent in are being built. The falloff there was Seabrook's first nuclear reactop. August, the fourth month of decline this 19.7 percent to an annual rate of 743.000 In a prospectus filed this month, the lead owner Pays off In sales hike year, with the South experiencing the new houses. of the Seabrook nuclear plant disclosed it may worst setback, the Commerce Depart­ The Midwest reported a 10.2 percent need to .sell up to $7.50 million in long-term debt ment said today. drop, the Northwest a 5.9 percent securities — up from the $.5.50 million figure used The decline, to an annual rate of decline and the West a 2 pi-rcent drop in in a July filing with the Securities and Exchange Fanny Farmer sweetening its image housing starts of 1..537 million, came on housing .starts. Commission. top of July's 6.1 percent drop after Single-family house construction A spokesman for the financially troubled seasonal adjustment. dropped 9.7 percent while multifamily electric company said today the increased By Steve Geimann A change in lifestyles with more Still, builders have been able to start hou.se con.struction was down 16.9 estimate represents the upper projection of how- United Press International frequent entertaining at home will help 1.222.800 housing units in the first eight percent in Augu.st. much it would take to complete Seabrook's first create a larger market as guests seek months of the year. 6.8 percent more The average of all the months of the reactor, rated 80 percent complete. GUILDERLAND. N.Y. — A French an appropriate gift for their hosts, than during the same period last year. year has held up surprisingly well, at The 16 New England utilities that own Seabrook confectioner is using gimmicks and Jorgenson said. High mortgage interest rales are 1.861 million for January through have poured about $3 billion into the construction exotic delicacies coupled with a change Fanny Farmer has changed its steadily eroding new housing construc­ August, enough to keep industry hopes of the plant'.s first reactor. The second reactor, in consumer attitudes to turn 65-year- product, replacing sugar with milk tion but the industry has been happy to alive that this year will end up no worse rated about a quarter complete, was condition­ old Fanny Farm er into a major force find the deterioration is not worse. than la.st year, despite the growing ally canceled a year ago. chocolate to improve the taste, Jorgen­ among U.S. sweets companies. son said. Health concerns about “ Even with the declining starts, the slowdown. chocolate have evaporated, he said, in year will still be a relatively decent In other economic news, the Com­ Fanny Farmer Candy Shops Inc., a I AT&T exec complains face of the countless warnings about year." economist Michael Sumichrast merce Department reported the na­ $55-million enterprise, begun in 1919 in said, speaking for the National Associ­ tion's personal income rose just 0.5 DIXVILLE NOTCH, N.H. - An AT&T potential health dangers from various Rochester, N.Y., but headquartered types of food. ation of Home Builders. percent in August, the least since May. Communications executive Monday complained now in Bedford. Mass., has developed a The housing report was accompanied and spending .showed almo.st no in- about post-divestiture problems he blamed on more aggressive sales and image The company has pulled its brand by another economic indicator today, erea.se for the second consecutive "unnecessary and burdensome regulations' campaign under the new otvnernshipof name boxes out of drug stores and other showing U.S. personal income rose month. competitors don't have to worry about. Poulain S.A. of Paris, a major baking retail locations it does not own in an only 0.5 percent in August and spending 'The figures indicate both income, "We have all experienced unforeseen problems company. effort to enhance its image for quality. gained almost nothing. which fuels the economy, and the as a result of divestiture. " Vice President Charles Soon, truffles — named after those “ It all fits into the pattern of consumer fervor for spending are R. Jones told the Telephone Association of New Poulain bought the company in May French delicacies unearthed by hogs — declining economic activity." Sumich­ waning at the same time virtually England, whose members represent independent from Amoskeag Leather Finishing Inc.