We are hearing in the news today that Kraft, the American food firm have upped their offer to 850 per share for Cadbury. It was surprising that Cadbury has 45,000 employees, of which just over 40,000 are outside of the UK. That is some size of company with a multinational spread. Their main market is of course here in the UK but they do receive significant income from outside the UK and even outside of the EU.
We will have to wait and see what Kraft actually does with Cadbury, some good things and some things that will make the staff less than happy.
Whilst we cannot be certain, out there, right now, the next Cadbury could be in the making. It started life in a very small, home based “factory” in Bournville and has grown to the company we see today. Whilst it has been around for over 180 years, what a different picture it would be today starting out.
There are numerous, if not countless, things to worry about if you start today, one of the issues they would have to face in their acorn stage, is what type of insurance they require. Typically, a home based venture whether full or part time, would look around for a small business insurance policy or a business from home insurance package. Both of these would provide the range of perils and protection from claims that a small, new venture will require.
Of course, the Cadbury family did not even think about insurance as it was unheard of and the chances of raising a claim were nil. Nowadays though, if you sell a food product you need to extra careful of any claims against you.
You may be the owner of the next acorn that will develop into an oak tree, but, to help protect your business from many insurable eventualities, you need to speak to an independent broker about suitable cover.