Here are the crash test dummies to teach you how to choose a good insurance company.
Tuesday, June 30, 2015
Saturday, June 27, 2015
Contractors' general liability insurance policies are typically designed to work in a very specific way. Find out about how contractor's general liability insurance policies work with help from an insurance professional in this free video clip.
Wednesday, June 24, 2015
Jonathon Rigsby can't function like a normal 20 year old. When he was just a toddler, he and his sister fell into their backyard swimming pool while they were in the care of a baby sitter. His sister drowned, Jonathon barely survived.
.Jonathon's mother, Nadina Rigsby says that the sitter was distracted and when she went looking for the children, they were face down in the swimming pool. The Consumer Product Safety Commissions says the most important thing a pool owner can do us create barriers around the pool. They include 4 foot fences and well maintained latches that will close automatically to keep children out. Door alarms are another safety device. Madeline Flannagon of the Independent Insurance Agents of America says many pool owners don't think this isn't a problem because they don't have children. But it is. If a child wanders into your pool, it's your liability, and it could affect you for the rest of your life.
For more information about insurance, go to the I.I.I. Web site at http://www.iii.org
Sunday, June 21, 2015
Thursday, June 18, 2015
Capitol Report: ‘Job Killer’ Undermines Prop. 13 Protections, Would Raise Costs for Small Businesses
A recently amended “job killer,” SCA 5 (Hancock; D-Berkeley)/Mitchell; D-Los Angeles), now seeks to undermine the protections of Proposition 13 by unfairly targeting commercial and industrial property owners and increasing their property taxes by assessing their property based upon current fair market value instead of acquired value.
Monday, June 15, 2015
Regardless of if you are a standard specialist or a sub-contractor, contractors liability insurance is one kind of insurance policy plan that you cannot afford to do company without. Not only will almost all jobs require your company to provide proof of general liability insurance before allowing it on their residence, but also ignoring to protect your resources with this wide-ranging kind of company insurance policy leaves you exposed to sometimes-catastrophic obligations if incidents or accidents happen during a job.
Contractors liability insurance policy has a number of important types of insurance coverage, that jointly guarantee witnesses, customers, sub-contractors, and employees against these types of claims:
* Marketing Harm (i.e., libel and slander)
* Individual Injury
* Physical Injury
* Items and Completed Operations
* Property Damage
* Individual Injury
* Physical Injury
* Items and Completed Operations
* Property Damage
In every case, the contractors liability insurance contains legal and judgment costs caused by statements being registered against the covered specialist. This generally contains the other entire person's hospital costs, earnings lost, and all suffering and pain that could have been sustained.
Examples of the Types of Claims Covered
Such a claim is protected by many contractors' general liability policies, but it's probably one of the most rare to actually be registered. Marketing injury is defined as damage continual due to another person's use of slander or libel against the complainant. If you are a specialist, one example might be a sub-contractor submitting an claim against a standard specialist on the assumption that his professional reputation and earning potential has been damaged by damaging reviews and advertising started by the normal specialist.
A couple of the more-common statements made against contractors, bodily injury and accidents statements happen anytime a third celebration (e.g. a customer or bystander) is unintentionally harmed on a job website as caused by negligence on the part of the specialist. Harm statements sometimes can include psychological and psychological injury that outcome from either irresponsible or purposeful acts by the accused.
Damage to Property
The most-prevalent claim observed on job websites, residence damage statements develop from damage or loss of residence because of the covered person's activities. Such actions might be either purposeful (whereby the harmed celebration may additionally submit an accidents claim for psychological and psychological injury) or random, and are occasionally registered due to loss or accidents that happen after the specialist has already completed the project. One common illustration of this would be a plumbing technician who is charged because water pipes he installed begin dripping and causing harm to the walls and flooring near them.
Products and Finished Services
Products and completed solutions insurance policy is very critical to contractors, because it contains the statements that happen should a client considers that a job was not done properly. This might be by way of a foundation that eventually divides or a wall that breaks at some point after a job has been finished.
Article Source: http://EzineArticles.com/8580407
Friday, June 12, 2015
This week (6.12.2015) in small business, NFIB released it's May small business economic trends report, showing a slight uptick in optimism. In Congress, Louisiana Senator David Vitter introduced the Small Business Regulatory Flexibility Improvements Act, which aims to give small businesses a louder voice earlier in the regulatory process. And, lastly, in a bit of fun news, meet Local Motors, a small business that's rolling out a 3-D printed car. Watch more Week In Small Business videos: http://www.NFIB.com/WeekInSmallBiz
Tuesday, June 9, 2015
What do you need to do right now to comply with Obamacare? Members asked, and NFIB answered. Kevin Kuhlman, NFIB's healthcare policy expert, tackles three common questions about Obamacare requirements. Watch more NFIB Top 3 videos: NFIB.com/Top3
Saturday, June 6, 2015
Insurance is obviously a very important commodity in life, and for the modern day professional, it is essential. Professional/Business insurance is vital in the fast paced, often high risk commercial sphere, and it takes understanding its benefits to fully appreciate its importance.
Business Insurance comes in many forms depending on circumstance and situation, and each cover policy is designed with an area of professional risk in mind.
Contractor insurance specifically is small business insurance designed for those who are classed as contractors and work from a contract to contract basis.
Contractors are skilled professionals who are not under direct employment by any company or firm and instead work via their own limited companies. Although a contractor may be working for a firm or company, they are not employees, rather hired hands on behalf of their limited companies who will have agreed to a prior working contract (6 months / a year for example).
Contractors fundamentally are self-employed and work for themselves. As well as certain benefits that come with being a one man company hired within a larger firm, the largest advantage that contractors have is that their tax bracket is far lower than that of an average employee, thus making their take home pay considerably more.
Contractors are able to earn up to 25% more than the average worker due to a much lower tax bracket. This is because contractors work for their own limited companies therefore do not fall under the typical taxed payroll of an employee. This amount of freedom does however come with downsides, as being your own boss means that you are not covered with sick pay, health benefits or welfares that large cooperate businesses offer, and that is where the benefits of contractor insurance become apparent. Contractor Insurance provides the relevant and helpful protective cover to any contractor or freelancer.
Contractors protect themselves with appropriate Contractor Insurance. It can be extremely useful if mistakes are made throughout the course of a contract, or if misfortune such as accidents or illness occurs.
Without the proper insurance, tax investigations, negligence claims, illness and much more would be an extremely costly and harsh process. Insurance for contractors is designed in a way in which a contractor is covered both for all costs and efforts should any claims occur or legal action (IR35 for example) is taken against the contractor.
As a professional, insurance is obviously important, but as contractors are practically self-employed, their high risk position makes the need for specific insurance far greater. Contractor insurances range from Professional Indemnity Insurance, a policy designed to protect a contractor in any case of claims of negligence being made against them, to full IR35 insurance, a must have policy for any secure contractor.
Not all contractor insurance policies will be necessary to all areas of expertise, but most apply across the board and provide benefits to a vast number of contracting professions.
Article Source: http://EzineArticles.com/7288219
Wednesday, June 3, 2015
In this presentation, an overview is given of the importance of having a working smoke alarm in every bedroom, outside each separate sleeping area and on every level of the home, including the basement.
To learn more about smoke alarm safety tips visit - https://www.nfpa.org/smokealarms