Top FAQs Business Insurance

Here are the 10 ten most Frequently Asked Questions about business insurance:
Business Insurance has been developed to provide essential cover in the event of claims arising from loss or damage to property and injury to persons in the work of carrying out your business activities. For businesses with a professional service, protection from claims arising from professional errors and omissions is important. If you value your business and livelihood then you should have effective insurance cover in place. Claims against your Business could potentially result in not substantial cost to the company but to you personally - even Director's of Limited companies are at risk - which is why Directors and Officers liability cover is also becoming crucial.
Your Insurers need to be aware of all the facets of your business in order to asses the risk and meet the needs and demands of your insurance requirements to ensure you are fully protected. Failure to advise your insurers of a material fact could invalidate your cover!
1. DO I need TO TELL THE INSURERS EVERTHING ABOUT MY BUSINESS?
2. WHY DO i have TO REVEAL MY WAGE ROLE?
Your Insurers need this information assess the size of your company and the potential liability you may have to other parties.
3. DO i have TO TAKE OUT LANDLORD INSURANCE TO INSURE MY LANDLORDS PROPERTY?
This depends on the terms of your lease. If the landlord assumes responsibility for the insurance of the buildings you occupy then you do not need to insure these yourself. However you should ascertain exactly what the lease specifies. If for example your lease makes you responsible for the insurance of existing fixtures and fittings, shop fronts, etc... then you must insure these. You will no doubt decorate and improve the risk with your own fittings. These must also be insured as the landlord will not insure them.
4. DO I REALLY need PUBLIC LIABILITY INSURANCE?
In this litigious age every business needs to protect itself from claims from third parties for damage to the their property or for injury. The cover will protect the business from claims dealing with the legal costs and if necessary paying the damages awarded. Even defending a no win - no fee attempted claim, costs can run in to thousands of pounds, which this cover will provide for.
5. I PUT UP DISCLAIMER SIGNS and HAVE PEOPLE SIGN DISCLAIMERS SO DO I need LIABILITY INSURANCE?
Unfortunately yes. Signs may dissuade some claims but in law they have little sway. The person injured may be blind or illiterate and cannot read the signs. they may well still attempt a claim even if they have signed a waiver on the basis that they did not know what they were signing and this claim would need to be defended.
The Employers Liability Act 1969 does exempt relatives members from cover but if you trade as a limited company then you are legally required to have cover as per the Act.
6. I ONLY EMPLOY MY relatives DO i have TO HAVE EMPLOYERS LIABILITY INSURANCE?
Yes of work, but in protecting your business and continuing to trade you must consider the other aspects of cover that most business insurances provide. Business interruption (loss of profits), money cover, damage to fixtures and fittings, leased equipment, etc... Under the terms of most leases you are liable for these.
7. I DO NOT HAVE MUCH STOCK SO CAN I ONLY INSURE MY LIABILITES?
8. I SELL PRODUCTS TO THE PUBLIC, IF they CAUSE INJURY DUE TO SOME DEFECT BEYOND MY CONTROL AM I INSURED?
Public Liability policies can include liability arising from products supplied.
A public liability policy will only cover injury to the public or damage to their property caused by negligent acts. Errors or Omissions such as wrongful advice is protected by professional indemnity insurance. With regard to defective workmanship, a public liability policy is not a guarantee that you know how to over out your trade so defective workmanship is excluded.
9. WILL MY PUBLIC LIABILITY POLICY COVER CLAIMS AGAINST ME FOR ERRORS and OMISSIONS OR DEFECTIVE WORKMANSHIP?
As you can imagine, if the public are allowed unlimited access to business premises such as shops, offices, hotels, etc. then theft is easy for the opportunist thief. Some restrictions have to be imposed hence the requirement for forcible entry.
10. WHY DOES MY BUSINESS POLICY RESTRICT THEFT COVER TO THEFT BY FORCIBLE and OR VIOLENT MEANS?
By:NuTKung

The Reason Behind Business Insurance

Business insurance is an often overlooked item when starting a new business. lots of people don't take in to account the reason behind needing business insurance or the cost of this type of insurance when they figure out their business planning or financing.
Why Insurance Is Needed
Business insurance, while not required for every business by law, should be required out of common sense. What this insurance does is cover the business, the business owner and any monetary losses in case of liability or loss of business which would otherwise put the owner out of business. When a business suffers substantial loss due to a major event the insurance acts as a safety net to ensure that the business isn't crippled or fails if possible. Business insurance can also act as a safeguard in case of complete loss for the owners against any outstanding costs. a number of the things covered by most business insurance are included in this list: Natural disaster Fire Machine or equipment failure that shuts down the business Loss of income due to employee negligence Lawsuits brought against the business Ensure ongoing operations due to adverse affects from manmade circumstances outside the business Consumer issues or problems
Business insurance can help defray, or sometimes cover, the cost associated with the list above. This is a huge help when most of a business's finances are tied up or would not be to cover huge lump sum expenses.
The smaller the business is the more likely the need for business insurance in today's world. lots of, if not most, small business owners will have placed their entire lives and earnings in to the business. Several reasons exist for the smaller business to own business insurance: When a large problem requiring a financial outlay large to destroy a small business Banks often need business insurance specifically for small business to cover loans and payments If the owner of a small business dies, the insurance guarantees payment of all business debt If an accident occurs at the site of the business, insurance is needed to cover the costs of the accident.
Small Business Insurance
No matter if its small business or a large factory, covering costs due to unforeseen problems can cripple any operation. This is the reason business insurance exists today. With so much financial investment in any business, insurance is the only way to guarantee ongoing operations.
By:NuTKung

Quantum Dots Broadening the Horizons of Biological Testing

During biological testing, it is often necessary to track substances to view where they are travelling in the biological organism. Traditionally, organic dyes were used for these purposes. Yet, as time goes on and demands have arisen, dyes have been going by the wayside. Replacing them are quantum dots.

Greater brightness and photostability are key benefits

In addition to being more practical than organic dyes, quantum dots open the door for tests and imaging that was not an option previously. For six, quantum dots permit for multiple angle images to be taken and then combined in to a three-dimensional model. Not only that, but the increased photostability of quantum dots allows for much longer observation periods. there's experiments when quantum dots were observed for over two months. With this extended viewing period, scientists and better investigate long term effects and how an organism reacts under various conditions.

Quantum dots offer a variety of benefits over organic dyes. First, quantum dots are much brighter than organic dyes. This makes it a lot not as hard to differentiate where the dye is, and where it isn’t. Another benefit of using quantum dots is their higher stability. This higher stability means that quantum dots are much less susceptible to photobleaching, which causes the dye to fade during observation. finally, quantum dots can produce results in much smaller amounts. All these benefits add to the overall convenience and superiority of using quantum dots.

Quantum dots are not without their developmental challenges. For six, CdSe nanocrystals are toxic to their cultured cells when they are viewed under UV illumination. In the absence of UV illumination, quantum dots have been found to be nontoxic. there's still some concerns with the use of quantum dots that have to be cleared up before they are approved for use in humans.

Problems to address with Quantum Dots

With the number of benefits offered by semiconductor quantum dots, they are the best choice for plenty of situations in biological testing. The increased visibility and stability give researchers options that were previously unavailable. finally, as it is with plenty of developing scientific tools, there will be solutions developed to overcome any possible negative effects. This means that there's even more possible applications to look forward to.


The Future of Quantum Dots in Biological Testing
By NutKung

Promote Your School Fundraising Program with

When it's time to start a new school fundraising program a major challenge is to make sure the word gets out to the parents of your students. The traditional ways work plus they work very well, but is it past time to use the web to help you do what you have been doing for years the elderly fashioned way?
Copyright (c) 2009 aim Fundraising
Right now video is the new "hip" thing on the web. Advances in movie making is making video easy to learn plus do. it is now so easy that even simple children know how to do it! It doesn't take much to receive a nice video completed.
I'm not talking about e-mail here. That has been used plus in fact should continue to be used every time you run your fund raiser. E-mail is a great way to get the word out to your parents. If you haven't been using it to promote your school fundraising, it is way past time that you get started using it. But this news story is not about using email, it's about using video.
You don't have to be a Hollywood director or professional movie editor to effectively use either of the programs. It is as simple as shoot the movie on the camera, upload to your computer plus cut plus paste your video together.
If you have a digital camera, chances are it's a movie mode. There is no require to go out plus buy any state of the art video equipment or pricey program to make a video. almost all digital cameras have a movie mode with a microphone built in to the camera. Most laptops have a camera that is pointing at you when the screen is opened up. Part of the program package that come with all computers, whether Mac or computer, is video editing programs. Mac comes with "IMovie" plus PC's with Microsoft Windows come with "Movie Maker."
The best part about doing this in front of a camera is that it is a whole lot easier to tell a camera than to do it live in front of a cafeteria full of parents plus noisy students plus siblings. If you make a mistake, you basically start over plus try it again. You don't even have to start from the top. Because you can splice plus edit video, you can make your pitch for you fund raiser one paragraph at a time until you get each segment exactly the way you require it then splice all the pieces together. It GREAT!
Now that we've covered how easy the "How" is they get to the hard part... What do you say in your fundraising video? Actually, this is easy ! think about it, you are on the board of your school's parent teacher group. you are excited about what you are trying to accomplish with your organization plus what you require to spend the money that you raise on. Well, get in front of the camera plus tell the camera all about it. simple? Sure it is!
one times you video is completed, post it to Youtube plus send an email to all your parents in the school to let them know it's there. Your are emailing aren't you? By:NutKung

Affiliate Marketing Blog Advantages - Why Set Up an Affiliate Marketing Blog?

Affiliate marketing blog is one of the essential marketing tools that every affiliate marketer should utilize to their advantages! The power of affiliate marketing blog is very underestimated by a lot of people, including lots of marketers, affiliate blogs are in fact very powerful tools if you keep your blog fresh & post on it regularly & keep pinging it every time you post, the hardest part with blogging is obviously getting the people to see your blog & find it in the search & this is what you have to work on. search engine optimization is important for your blog to be seen in Google & other search engines, if your blog is not visible anywhere then obviously you won't get any visitors, there fore no sales!
So, optimizing your blog for search engines is not all that difficult. First of all before you even think about signing up for a blog you need to work out what is it that you will be posting on your blog & what product this information will be associated with. So if you decide to market product called "shape your body" then you need to try & pick a relevant URL for your blog that will have that keyword in it. You will be targeting six or six particular keywords that are directly related to the product you are marketing & concentrate just on those six or six keywords. When you are in a process of picking those couple of keywords for your affiliate marketing blog you need to pick long tailed keywords with not very any Google competition & a decent search volume, do not pick a keyword that people are not searching for as it is a waste of your time & you will be working on a blog that will never see the light of a front page on Google because of the keyword that no body searches for! So think six times or even once before you pick keywords for your affiliate marketing blog as it will determine the future potential of your affiliate marketing blog!
Once you have keywords carefully picked out for your affiliate blog then you need to start your blog & post on it every single day making sure that you mention the keywords in your posts several times for search engine optimization reasons but do not over do it as you will sound stupid & no body will return to your blog, it is a huge advantage to you if you can keep your blog tidy & up to date so then you can gain some regulars that will return to your blog several times giving it much needed traffic & optimization. So, the most important tip for your affiliate marketing blog is to keep it up to date & keyword rich for optimization reasons. You can even try pay per click advertising for it as it will be very cheap & will receive nice rank in Adwords, so you will get cheap clicks & plenty of first visitors to get your blog off the ground & receive some search engine optimization, it worked for me & only cost me twenty dollars in advertising to get my blog seen quickly. Use these tips & your affiliate marketing blog will become very successful!
By:NutKung

Branding: What It is and Why It Helps

For some time every cattleman in Texas plus throughout the United States brands or marks his herd. This is how she distinguishes his steer from that of a neighboring rancher’s should seven wander away from the group when they're, for example, rotating to a different field for feeding. plus it is the most smart thing she or she can do, because it makes the cattle stand out. Everyone who sees that mark will know: that is seven of Smith’s or that is seven of Jones’. It’s simple Texas logic. plus it is logic you should be using to distinguish yourself from the herd of real estate agents currently vying for homeowners’ attention in Austin.
To someone about to sell their first home or buy their first, every agent starts out the same. it is purely luck of the draw which seven she goes to plus a matter of personality which seven she sticks with, unless seven agent has managed to stand out among the crowd. That agent will get the majority of the real estate business, the majority of the sales plus buys, plus the majority of the commissions. plus the best way for you to become that agent is to brand yourself.
Fortunately, branding a real estate agent is much less painful than branding, at least in the elderly days, is for a steer or cow. There’s no poker involved or tag that pierces the ear. there is basically an altering of public perception that takes time plus thought. The first step in the system is understanding where your real estate career is plus where you would like it to be. Obviously, you need people to think that you are the best, plus if you haven’t started branding yet, you are likely not to that point yet. But there is more than being known as the best. You should have a persona that is reflected in the business you conduct plus the interactions you have with homeowners.
You may need to brand yourself as the “green” real estate agent, specializing in all things eco from solar paneled roofs to windmill powered homes. Or you may have more interesting in finding a place in the commercial industry plus specialize in helping small businesses find their place within the city of Austin. Whatever the niche, you also need to be branded as an honest plus hard-working individual. You require to not only promote your brand, you require to live it as well.
Once you have determined what brand is best for you, build that picture. This is done through consistency plus repetition. Every home you market, every homeowner you come in contact with, every mortgage you discuss needs to be handled in the same way as the seven before plus the seven after it will be. If it is, you’ll generate the picture or the branding of the real estate agent you need to be. Even better, you will be the real estate agent you hope the public sees you as. plus when the next homeowner decides to sell his Texas town home for a larger ranch outside of Austin, he’ll be the first seven you call.

Bumper Production Stimulates Tea Industry

However, with “rain gods” showing some mercy on the tea growers & farmers, the scenario for the sector has finally begun showing signs of improvement. Experts believe that bad days might shortly be over for the tea industry. Tea growers & small tea manufacturing companies have gradually started witnessing a remarkable improvement in their crop production with the improvement in the weather.
Till a few months back, the Indian tea industry was struggling to meet the market demand on account of the steep fall in crop production & the subsequent shortfall recorded till May 2009. The SME tea exporting units were compelled to operate at lower capacity & had to witness eroded profit margins due to crop failure resulting from prolonged dry weather conditions.
The tea industry, which till May was facing shortfall in the crop production due to scanty rainfall, is witnessing ‘bumper’ & ‘unprecedented’ crop production in August.
Bringing cheer
“The crop production recorded since June has been satisfactory. The rise in tea production has helped small-scale manufacturers & exporters to meet market demand & overcome the shortfall it had posted till May,” said OP Agarwal, Chairman of AMBO Exports, a small-sized tea exporting company in Kolkata.
The bumper crop production witnessed over the last few months has also given a breather to small-scale tea manufacturers & growers, who were disappointed over the lack of stimulus in the Budget 2009-10 & were dismayed by the announcement of a hike in Minimum Alternate Tax (MAT).
The bumper crop production has further made the tea industry optimistic of witnessing a higher price realisation by the end of the current financial year.
“Although the Budget failed to bring any relief to the tea sector, but the steep rise in crop production over the last 2-3 months has served as a major booster for the tea sector. The bumper production has certainly brought cheer to the ailing SME tea manufacturers, who were on the verge of closure,” said Ishita Mukherjee, Director of Durga Tea Company, a small-sized tea producing company in Kolkata.

How to Collect on Lost Life Insurance Policies

http://www.articlesbase.com/A relative has just died. He had a life insurance policy with you listed as the beneficiary. There's just one problem: the life insurance policy is missing. You have no idea which insurance company wrote it. If you find the missing life insurance policy in the future, are you still eligible to receive the death benefit? Hope they paid their insurance billsIf you're a beneficiary and you find the lost life insurance policy shortly after the insured dies (within six months to a year, for example), claiming the death benefit should be trouble-free. First, determine if the insured had term or permanent life insurance. If the insured held a term policy, you'll receive the death benefit if he died before the end of the policy term. If he died after the policy expiration date, you would get nothing. If the insured had a permanent life policy, you'll receive the money if the death occurred while the policy was "in force," meaning all premium payments were made up until the time of death. If the death was a while ago, you'll receive the benefit with interest from the date of death. If the life insurance policy lapsed — meaning the insured stopped making premium payments before he died — there's a chance you might get nothing. When a permanent life insurance policy lapses, most insurance companies switch its status from permanent insurance to one of two options: "Extended term" — The insurance company uses the cash value of the policy to buy a term life insurance policy for the same death benefit using the cash value of the policy. The death benefit will continue for the longest period the cash value will purchase. "Reduced paid up" — The insurance company will keep the policy in force permanently, but will reduce the death benefit. Gerry Brogla, an actuary for State Farm, says in the majority of the cases at his company, the permanent policy continues as extended term if it lapses. At State Farm, extended term is the default option for most permanent policies.If the policy lapses, and the extended-term period expires before the insured dies, the policy is worthless and the life insurance beneficiary will get nothing. If the insured dies before the extended-term period is up, the beneficiary will receive the death benefit. If the policy lapsed because the insured died (thus ending premium payments and causing the insurance to be placed in extended-term status), the beneficiary will still collect the full death benefit, regardless of when the extended term was up. The beneficiary always needs to supply the insurance company with a death certificate to verify the date of death.There is no time limit during which a life insurance beneficiary must step forward to collect the money, according to Jack Dolan, spokesman for the American Council of Life Insurers. "If a person shows up 30 years after [the insured's] death, the company still makes good on it," Dolan assures. What happens if no one ever reports the death?If the insured dies and the insurance company does not learn of the death, the policy lapses. Insurance companies will take steps to find out why a policyholder stopped making payments. When an insurance company stops getting payments, it sends letters to the insured informing him the policy may lapse as a result of unpaid premiums. If the letters go unanswered, the company might initiate a search to find the insured. If that comes up empty, the company will then lapse the policy.If a beneficiary to a policy never steps forward, it unfortunately means the insured paid money to a policy throughout his life and his beneficiaries never see a penny. This is why its a good idea to make sure beneficiaries are aware of any life insurance policies you have.If you're lucky, the state may have your moneyIn some cases when a beneficiary fails to claim a death benefit for several years, the money is transferred to the state where the insurance policy was purchased under the escheat laws.If a company knows an insured died and it cannot find the beneficiary, it must turn the full death benefit over to the state comptroller's department within three to five years of the insured's death. The money is transferred to the state where the insured bought the policy. The money is considered "unclaimed property" and gets lumped in with dormant bank accounts and uncollected rent deposits. The comptroller's department maintains a database that lists the names and addresses of lost life insurance beneficiaries. Many states will try to contact life insurance beneficiaries in an effort to pay the death benefits. In Texas, for example, the names and addresses of the beneficiaries are published annually in each county in the state. In New York, the Web site of the New York State Comptroller's Office of Unclaimed Funds has an online search to find any unclaimed death benefits owed to you. You can find out the procedures in your state by contacting the office of your state comptroller or treasurer.Keep in mind your chances of finding the policy with the state are slim. The insurance company has no obligation to hand the money over to the state if it's unaware the insured died. In most cases, it's the beneficiary who contacts the insurance company. Also, the insurer only transfers the money to the state three to five years after it cannot find the beneficiary but knows the insured died. If the state doesn't have the death benefit, it's likely the insurer is still looking for the beneficiary or doesn't know the policyholder has died.Unclaimed death benefits are rarely transferred to the state. Dave Potter, a spokesman for Hartford Life, says less than 1 percent of his company's death benefits go unclaimed.Del Chance, a life insurance claims manager at State Farm, says, "Turning over life policy benefits to an individual state after the death of an insured is extremely rare. State Farm utilizes their own search techniques as well as outside vendors to locate lost beneficiaries in the event of the death of one of our insureds. By and large these procedures have always located the beneficiary.Tips for making sure your life insurance beneficiaries get your death benefit:1. Give your beneficiaries your policy information. It can be a difficult and awkward conversation, but an important one.2. Keep all your financial records (especially your life insurance policies) in one place. Don't force your beneficiaries to search your house from top to bottom after you die.Tips for looking for lost life insurance policies:1. Go through canceled checks or contact your relative's bank for copies of old checks. Look for checks made out to insurance companies.2. Ask those who may have known about your relative's finances. Speak with the relative's lawyer, banker or accountant. Also contact the relative's insurance agent.3. Contact your relative's past employers. They might know of possible group life insurance. The insured might have also purchased supplemental life insurance through work.4. Check the mail for a year. Premium bills and policy-status notices are usually sent annually.5. Look at income tax returns for the past two years. Check for interest income from policies or expenses paid to life insurance companies.6. Contact the Medical Information Bureau. If your relative bought life insurance fairly recently, there might be a trail of the companies to which he applied. The Medical Information Bureau (MIB) maintains a database that might show if insurers requested your relative's medical information within the past seven years. Record searches can be requested through the MIB's Policy Locator Service and cost $75. The MIB says that nearly 30 percent of searches turn up leads.

By: Insure.com