Posts Tagged ‘Insurance’

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Getting Work Comp Insurance for Your Employees

Wednesday, April 27th, 2011

Things don’t come the way that people want it. It’s right to say that life is full of the unexpected. But hey, you can always do or get something that will make you a little bit prepared for it. Take for example Work Comp insurance for your employees.

While Workers Comp ins is mandatory for companies who operate within the insurance guidelines in the majority of states, you don’t have to think hard to realize Work Comp insurance provides big coverage for a small fee. When the nature of your business is a little more-than-average risky, it’s best to save the trouble by having a reliable Workers Comp ins in place at your organization.

The next thing you’ll probably think about is how you can get the right Work Comp insurance for your people. The following guide can help you with the task.

  • Check your state’s laws regarding Work comp insurance. Certain states such as California have existing laws on Workers Comp INS that need to be followed. The regulations of the laws would determine how you will choose and look for the insurance you should get your employees. It’s best to get good advice to explain the technicalities and details of existing laws and how they may effect your business.
  • Get quotations. The best part about getting Workers Comp ins is that resources are always available through the Internet. Gone are the days when you think that getting insurance would require you to have several meetings with various persuasive insurance agents. It’s a lot better if you get quotations by filling out simple forms on the Internet. Some online Work Comp insurance providers enable you to choose which way you want to receive your quotations.
  • Devise a budget as per the number of your employees. Paying premiums for Work Comp Insurancerequires you to draft a budget decent enough to cover all your employees. Remember that you need to have the exact number of your people whom you plan to have covered. Although the figures of getting Workers Comp ins might not be desirable at first, think about the benefits and savings you’ll get from it in the long run.
  • Choose a reputable Workers Comp ins provider. You can’t entrust your money and your employees’ future to just any Work Comp insurance company.  Research on its reputation and do a background check, if possible. Remember that the insurance company you’ll choose should have a good rating when it comes to reliability in times of need, so the company’s financial rating comes into play.

Article Source: http://www.articlesbase.com/insurance-articles/getting-work-comp-insurance-for-your-employees-4684750.html

About the Author
Workers Comp INS – Learn about Work Comp Insurance on contractorsinsurancespecialists.com. Find info regarding Workers Comp Insurance, how to Deal with Workers Comp INS Problems and much more.

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Protecting Your Business

Tuesday, April 26th, 2011

For many small business owners, their business is their livelihood, but it’s alarming that more than one in ten don’t have any understanding of the business insurance coverage they have*.

If a disaster occurred tomorrow and you could no longer trade, would you be confident that your business could get back on track? The best place to start is to consider the kind of insurance covers available to protect your assets.

Typical covers for protecting your physical assets include:

– Fire and other damage- cover for your building and business contents and stock for specified events including fire, storm, explosion and earthquake.

– Accidental damage- cover for accidental loss or damage to your business’s property.

– Burglary- cover for theft of your stock or business equipment following forced and violent entry at your business premises.

– Glass- cover for the replacement costs of broken glass or signage at your business premises.

– Equipment breakdown- cover for the cost of repairing or replacing key mechanical or electrical equipment in the case of sudden or accidental failure which results in physical damage to the equipment.

– Goods in transit- cover for goods in transit for loss or damage caused by collision, fire, derailment or theft.

There is more to business insurance than just protecting physical assets. Public liability claims could run into the millions and it is important to consider what would happen to your income if your business was out of action following a claim.

Other covers available to protect businesses include:

– Business Interruption- helps to ensure that small businesses can survive periods of major trading disruption by covering loss of gross profit or gross rentals caused by an interruption to the business as a result of damage caused by an insured event.

– Public and Products Liability- covers legal liability to third parties for personal injury or damage to property claims caused by an occurrence connected with your business.

– Fraud and Dishonesty- covers loss of money or goods as a result of an act of fraud or dishonesty committed by an employee.

– Money- covers loss of money while kept in your building, in transit or at your private residence.

– Tax Audit- covers the professional fees incurred as a result of a tax audit of your business.

In addition to not having the right type of cover, a common mistake made by some small business owners is renewing their policies every year without accounting for growth in their business or enhancements such as renovations and increased stock levels.

Research suggests that only 63 per cent of small to medium businesses in Australia believe they have adequate insurance.

Article Source: http://www.articlesbase.com/insurance-articles/protecting-your-business-4679395.html

About the Author

Ted Brumby has been running small business for years and understands pretty much the main issues involved to have a great return on investment. He believes that the best way to prevent problems is having business insurance. Ted has enough experience to say what a good public liability insurance cost is and how to choose the right insurance to cover each business needs.

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Pet Insurance – Financial Protection Outside The UK

Tuesday, April 26th, 2011

Pet insurance will compensate you for the costs associated with having emergency treatment abroad. Pet insurance may pay up to a specified amount per trip, although you may find that you can only make a maximum number of trips in any period of insurance. You should then be protected against the cost of additional accommodation, repatriation costs and expenses for you and your pet if:

> Your pet requires emergency treatment and you miss your scheduled transport to the United Kingdom as a direct result.

> Losing your pet’s health certificate directly results in you missing your scheduled departure back to the UK

> Your scheduled departure is delayed by the carrier in order to get tick and worm treatment repeated

Additionally, if your pet is lost during a trip abroad, pet insurance may cover reasonable additional travel, accommodation costs and expenses whilst you try to find your pet before your scheduled return date. This will usually be valid for a maximum number of days and you’ll need to check with your provider to see if they offer cover.

If your pet does need veterinary treatment abroad, there is certain documentation you will generally need to provide for your insurance company. This includes receipts, proof of purchase or bills for all costs incurred in order to substantiate your claim. If your pet is held back for worming treatment, you should also provide documentary evidence that your pet received the initial tick and worming treatment in the time-scale required by the pet travel scheme. You must also provide evidence that the repeat tick and worming treatment was necessary to comply with the pet travel scheme.

The RSPCA recommends that you vaccinate your pet regularly, especially if you are going abroad.[1] This means your dog will be protected against canine parvovirus disease, canine distemper virus, leptospirosis or infectious canine hepatitis. The RSPCA also suggest that dogs travelling abroad may require a rabies vaccination.

Once you have your pet’s paperwork in place and you have secured pet insurance to protect yourself financially, you should be able to enjoy your time with your pet abroad. If your pet does contract an illness or is held up with international travel, you can feel safe in the knowledge that your pet insurance will assist you.

[1] – rspca.org.uk/allaboutanimals/pets/general/vaccinating

Article Source: http://www.articlesbase.com/insurance-articles/pet-insurance-financial-protection-outside-the-uk-4676976.html

About the Author

John Lewis Insurance offers a range of insurance services selected by the John Lewis Partnership. These include home, car, life, travel, wedding, event and pet insurance products.

For more information about John Lewis Pet Insurance please visit the website here – www.johnlewis-insurance.com.

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What You Many Not Know About Your Florida Auto Insurance Rates

Monday, April 25th, 2011

In the state of Florida, you are required to carry auto insurance to operate your vehicle on public roadways legally.  Failing not to maintain continuous coverage could land you in hot water with both the DMV and your local courthouse.  If you have let your auto insurance lapse because you cannot afford expensive Florida auto insurance rates, it is important to start quoting insurance immediately.  When you are obtaining quotes there are a few areas you should focus on.  If you know how you are rated and how to lower your premiums, you will realize you can afford to drive legally.

One of the first things an insurance agent will ask you for is your driver license and vehicle ID number.  When you give the agent your information, they will put it into their system to find the vehicle’s symbol.  The symbol of your vehicle sets the base premium of your vehicle and is based on statistics of claims.  The base premium can be changed based on your usage and will go up or down accordingly. 

Vehicle usage falls into two separate categories when calculating Florida auto insurance rates, mileage and the amount the vehicle is driven.  Auto insurance companies will rate your vehicle premium based on how much you drive.  Understandably, individuals that drive more will pay higher premiums than those who drive very little.  Many insurers will automatically rate their policy holders as driving the average 12,000 miles per year.  This will put you in a high rating bracket and can affect you if you actually drive less.  If you drive less than 3000 miles per year, you will qualify for lower rates.  Provide proof of your odometer reading and take advantage of the discounted usage rate.

How you drive your vehicle also matters to the insurance company.  Vehicle usage is broken down into three different types of use: pleasure, commute, and business.  If you drive your vehicle to school or work, you will be rated as a commuter.  Business use is designed for professionals that drive to more than one location for business.  If you strictly drive your vehicle for pleasure, you will qualify for lower Florida auto insurance rates.  Be sure your vehicle usage is being rated accurately if you truly do not commute to and from work or school.

Driving without insurance is risky and can cost you significantly more in the long run.  If you want to prevent being pulled over, having your license and registration suspended, and paying fines for driving with no insurance, contact a reputable agent for a quote.  If you know how your Florida auto insurance rates are calculated, you can make sure you are charged the correct rates.  Compare your quotes, purchase your insurance, and have peace of mind on the road.

Article Source: http://www.articlesbase.com/insurance-articles/what-you-many-not-know-about-your-florida-auto-insurance-rates-4671961.html

About the Author

Please visit our website here for more information or visit our blog. Thank you.

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Risk Transfer With Construction Bond

Sunday, April 24th, 2011

Construction projects can often cause a tremendous amount of worry to the project owner. If you are the project owner there is a simple way to prevent the stress and worries caused by hiring a contractor to complete your project. Project owners can make certain that the contractor they hire will perform as expected if they are bonded.

Construction Bonds protect both the project owner as well as the contractor. Contractors can easily obtain a bond within a week so there is no reason one should not obtain a bond. Even if the contractor is inexperienced he is still capable of obtaining a bond.

Contractors who are bonded have a greater advantage over other contractors for many reasons.
Bonds prove to a project owner that the contractor is financially strong, competent and well capable of completing the project without complications. Having a bond will protect the project owner by a process called risk transfer. This means that the insurance company guarantees that the work of the contractor will be provided within the project owners stated budget and time frame requirements through a written contract.

The size of a project is no issue as a construction bond will cover a contractor for any size project whether it is a small project or a very large, time consuming project.

Construction Bonds may include up to five different types of bonds covering any issues that may arise from the starting of a project all the way to the completion of the project and any people involved during the process.

Tender or Bid Bonds are in place to show the project owner that there is a guarantee. This bond is a very important to the contractor since it shows to project owners that the contractor will honor their bid. Contractors who have bid bonds show that they are worthy of hiring because having a bid bond proves that the contractor will provide a Performance Bond if their bid is successful.

Performance Bonds reassure project owners that if the contractor were to default, the owner will not be at a loss. Performance Bonds make a set value of funds available to complete the contract in this event.

Maintenance Bonds also provide a guarantee to the project Owner in a similar way. This type of bonds reassures that the contractor will abide by their obligations of the contract they have signed including any maintenance or defective work obligations.

Stage Payment Bonds, also known as Advancement Bonds/ Advance Bonds, are one of the most beneficial bonds for the contractor as they provide the contractor with a direct service. Advance Bonds allow the contractor advancements in funds to allow him to purchase the initial necessary supplies and materials in order to start on his work without taking a personal loss in cash flow.

Payment Bonds are another important guarantee however they aren’t necessarily beneficial for either the contractor or the project owner. Payment Bonds are formed to provide security for the subcontractors or other laborers and those supplying the materials under the actual contractor. Having this bond in place guarantees a payment amount to these people which is a protection to them since no other bonds offer protection to these workers.

Article Source: http://www.articlesbase.com/insurance-articles/risk-transfer-with-construction-bond-4659869.html

About the Author

The writer is Joe Murphy with extensive experience in a variety of industries through significant transitions. For more information on Construction Bond, visit http://www.easyquote.ie/business-insurance/index.php/construction-bonds-guarantee-bonds

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