Thursday, February 26, 2015
Monday, February 23, 2015
This week (2.19.2015) in small business, NFIB celebrates a big win in the U.S. House with the passage of H.R.636, a bill that makes permanent small business expensing at $500k indexed to inflation. Also, NFIB's Legal Center testified against the NLRB's Ambush Election Rule, and the IRS made a surprise announcement about HRA penalties.
Friday, February 20, 2015
Tuesday, February 17, 2015
As a contractor, a lot of responsibility falls on your shoulders from making sure that all the legal work is accurate, that the project is being worked on, and the client's requests are being made. One more thing on the list is getting contractors insurance. If you live in Australia, then you know that anything from failed projects, damages to employee injuries will be on you. That's why contractors need to protect themselves at all costs.
There are many things to consider when buying contractors insurance. As a contractor, you have to protect your property, equipment, insure against failed projects, and also make sure you're not liable for damages. Many different types of insurance should be looked at and in most cases a combination of multiple policies will be needed to protect yourself.
You need to start by looking at liability insurance. As a contractor, anything can happen on the job. Somebody's property may be stolen, an employee can get hurt, or something might even happen with pedestrians. You never know what you may be liable for so it's important that you start here. You can choose between employer's liability insurance and public liability insurance depending on your needs.
Then you should consider professional indemnity insurance. This is an important insurance for contractors. If you make a mistake on your services, you will be liable for the damages. In many cases, it will not be your fault. Because you are a contractor, any mistakes made by your employees will be your responsibility. So if the worst case scenario happens, you will need to be insured as the client will be able to sue you out of a lot of your money. This is one of the most important contractors insurance that you can buy since you will be managing many employees and won't be able to oversee every aspect of a job.
Income protection is another type of protection you will need. If you get hurt or fall ill, you won't be able to run your business. This usually means no income until you get back on your feet. Income protection will cover part of your costs and you'll be a partial income until you can operate your business again.
Other insurance types include disability insurance, tools of trade insurance, as well as life insurance. It's important that you cover all your bases. While many contractors think that some insurance plans are a luxury, they are unaware that one law suit can ruin their finances, even close down the business.
Article Source: http://EzineArticles.com/4716254
Saturday, February 14, 2015
Wednesday, February 11, 2015
Sunday, February 8, 2015
The American Automobile Association (AAA) has released the results of a nationwide survey of drivers which asked how they feel about tailgating, making rude gestures, and passing on the right. Whey the survey revealed is that aggressive driving means different things to different people. Carolyn Gorman, Vice President, Insurance Information Institute, says that people's perceptions of your driving can trigger an aggressive driving incident. The National Highway Traffic Safety Administration (NHTSA) says people can protect themselves from aggressive drivers by remaining calm. NHTSA recommends you leave a lot of travel time, look for alternate routes if there is a lot of traffic, and learn to be late. Lon Anderson, American Automobile Association says those surveyed list tailgating, passing on the right and making rude gestures as classic examples of aggressive driving.
Wednesday, February 4, 2015
Sunday, February 1, 2015
California Insurance Commissioner Dave Jones speaks with CHP Assistant Chief Chris O'Quinn and Southern California Auto Club CEO Bob Bouttier to discuss the importance of being safe this Super Bowl Sunday.