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Business Interupted! How my homeowners policy helped save my business!

byKim Babjak
August 7, 2008

Now, I am not one to air my dirty laundry, however, in this case I hope to enlighten you to the power of your homeowners insurance.

I am currently enthralled in a law suite with an old, dear friend of mine. The incident spurred from an injury that her dog sustained while at my home.

Long story short- this friend asked my family to care for her dog in an emergency situation while she went to another state to care for a rental property that had been damaged by a tenant. I was traveling out of state myself to attend a relative’s birthday party, so I told her we could not care for the dog. She advised us it was OK to leave him alone for the two days, and that we should follow her instructions for his care…….first mistake…..I agreed!

Low and behold, the dog injured himself while I was gone.

So, I then received a demand letter for $11,000.00 or face a lawsuit. Second mistake– He who represents himself in court- has a fool for a lawyer. I kinda-sorta panicked, and decided that I must handle this alone. I was NOT about to be taken to the cleaners by a friend, and have to spend 20K on a lawyer to fight a 11K lawsuit. I proceed to take valuable time and resources from my family and business to do this alone.

My saving grace– a lawyer that I did eventually call, after I realized this was way to big for me, advised me to turn it into my homeowners insurance. Since it was on my property, it would be covered.

I called them, and they not only took the case on, they hired us the best law firm in Arizona to defend us. This was such a relief because I was spending so much of my time, and loosing business, worrying about this. It was affecting every aspects of my life.

The day the insurance lawyers took over, the 500 lb gorilla was lifted off my shoulders, and I could once again get back to my business and life…..

Moral of the story: do not try and take on the world by yourself. Seek out opportunities for assistance where ever you can…..utilize the services you pay for……and most importantly……do not watch your friends dog!

Have a great weekend!
 

Kim Babjak

Author
Kim Babjak
Kim Babjak was born to be an entrepreneur. From her childhood days of developing products, Kim has loved all aspects of business. However, the area that brings her the most joy is helping others achieve success. Armed with her dream of taking to market products she had been developing for years, Kim took a chance at becoming financially and emotionally free by starting and running her own business. She wanted to create a company that would give her the flexibility to work around her children and family, give her the freedom to make her own decisions, and help other entrepreneur's achieve the type of success she had. "I want to make people's lives easier, and that is just what I am doing" said Kim. Along the way, Kim encountered many obstacles, and through her perseverance, is now the owner of a highly successful company whose consumer products sold on QVC America, QVC UK, Wal-Mart, Walgreen's and large catalogs internationally. Kim is thrilled to take the experience and knowledge she has gained from starting and running her business, and now share it with others. Kim provides guidance and resources in the areas of product development, offshore manufacturing, importing and QVC consulting. This highly energetic and personable entrepreneur is helping create the "American Dream, one Dreamer at a time!"Since launching her company in 1998, Kim Babjak of KimCo LLC, has been living her "American Dream" of success. While wearing many hats like mother, entrepreneur, business woman, author, speaker and QVC agent, Kim has designed and taken to market many of the consumer products she has designed over the years. Her struggles and hurdles in the process have compelled her to develop a unique consulting program that helps entrepreneurs with finding, then living their own "American Dream." KimCo's new venture helps entrepreneurs get their products seen by millions on QVC or HSN, idea to paper product development, product prototyping and overseas manufacturing. Always Dream Big! Kim's four reason why she works so hard ! ""
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