What Is Public Liability Insurance?
Understanding general public liability insurance and why you need it is the first step toward getting a fair price on your policy. When you own a business, you have to cover your potential expenses in case of an accident on premises or an accident caused by your company.
In the event of an accident on the premises, anyone from the public has the right to sue if they believe that somehow your business is responsible for their injuries. For example, wet floors that cause falls can be hazardous and have sent more than a mere handful of business to court.
One of the benefits in such cases is that your coverage should include liability coverage should the injured individual be awarded any damages but it should also cover all or part of your legal fees. This way, frivolous lawsuits won’t cost you an arm and a leg when it comes to defending your business.
Damaging another’s property is also cause for carrying a good policy. It’s not as hard as you think to find yourself in a position that you need to pay out for customer losses due to business related damage to property. If you or one of your employees drives any type of moving equipment or heavy machinery and causes damages to a customer’s car, you will be legally required to make restitution.
If your business requires that you enter your customer’s home you will find that small mistakes can lead to costly repairs. Anything from a plumbing mishap to backing the company van into the customer’s car while leaving their driveway can be covered under your policy.
There is no doubt that you need public liability insurance if you own your own business. It’s the only way to legally protect yourself, everything you’ve worked for, and your customers in the event of an unfortunate mishap. One bad moment can ruin everything if you are found to be uninsured.
Filed under insurance | Comment (0)Your First Stock Investment
After you’ve read your tenth stock market 101 book and you will likely be itching to invest in your first stocks. Before you jump the gun here is a quick checklist you should go over before you purchase so you can buy with a little more confidence that you didn’t make any silly mistakes. Though no matter what I say you’re going to be nervous with your fist stock purchase and watch it like a newborn child.
Check Your Ticker Symbol
Everyone who has investing in stocks for any amount of time has felt the dread of hitting the buy button only to wonder if their Coca-cola investment was really ticker KO. (Which it is.) Take an extra minute to verify the company you are interested in is the same as the ticker you are about to purchase. Some companies sound very similar.
Don’t Put Too Much In One Purchase
Diversification prevents the risk of a total burnout from one stock going bad. Spread your money over 10 to 20 stocks so that your great investing ideas have a better chance of proving themselves out. Plus, it doesn’t matter how much money you make if you die of a heart attack from stressing over the ups and downs.
Set a Stop Loss
No one can watch a computer all day long, so let the computer do the work for you. Set an amount that you will sell the stock at no matter what. This gets you out of a stock that is a free fall. If you later think the stock is still a good buy you can always repurchase the stock and only eat an extra commission. If a stock plummets on really bad news you’ll be happy you set the stop loss.
Don’t Forget Your Stocks
The stock market keeps changing. What was a great purchase then could be a mediocre investment now. You need to learn stock market tactics consistently to ensure your investments are still sound. Just by continuing to follow your companies and reading good books and websites you can keeps your skills sharp.
Filed under Stock Market | Comment (0)Buying And Donating Timeshares
Thousands of people are trying to sell your time share. And they are all doing the same thing. They are paying through the nose for that time share. They are paying the taxes on it. They are paying the maintenance on it. They are asked to pay hundreds of dollars to someone who says they can sell your time share. What do they do to you? They lie. They tell you the time share is worth so much money. Why? So they can pick your pockets again next year for hundreds of dollars. And the year after that. The listing agent knows your time share will not sell, buyers can buy three or four time shares for the price of yours. But the listing agent has your money in their pocket.
Finally, when you get tired of the run-around you discover you have paid in the past year alone over half the real value of the time share. This is not smart investing. And you have not enjoyed the use of your unit because you believed it would sell. You paid all this money for nothing. Yes, there are always people buying timeshares but unfortunately with the current economy the market seems to be flooded so let’s look at an alternative.
Donate Your Timeshare
Why not donate the time share to any non-profit corporation? Sell my timeshare news listed donating your timeshare as one of the top tax deductions over the last several years. You get a write-off of the full value. You can feel good about it. How do you do this? It is easy. First find a company that accepts donations. Look on the internet. The many search engines will bring up many companies that can help. Then email or call them. Tell them what you want to do. Ask if they do this. If they do not, they may be able to recommend someone.
Once you reach the right company, give them the information about your time share. The company will need to check it out, to see if the market value is high enough to fit their requirements. The company will also check to see if the unit can be sold. Sometimes there are liens against the units that the owners will not pay off. After only a day or two, the company says yes. Then you sign the paperwork, send the deed, and wait a couple of weeks for the time share to sell. Once it is sold, you get a tax deduction, the non-profit organization gets money, and everyone is happy.
Filed under Real estate | Comment (0)