Big Rig Truck Insurance Redefined A lot of people make the mistake of assuming that big rig truck insurance policies are just like the regular car insurance policies that abound the market these days. This is just not true at all. Even if both types of policies aim to provide protection and coverage in the event of vehicular accidents, there are still differences that make them distinct from one another.One huge difference is in the fact...more
IR35 Insurance IR 35 Insurance PolicyIR 35 is actually the Governments method of preventing the concept of the solitary contractor charging their services out to a, often, single organization for long periods of time. The actual benchmark employed by Her Majesties Revenue and Customs (HMRC) is 24 months.Simply by working for just one organization HMRC take the view that you're effectively staff although using a different vehicle to get...more
Firstly, there has been the question of whether or not taking out a Trauma Insurance policy would actually contravene the sole purpose test, and secondly, if a trauma policy is paid out then how does this interact with the condition of release provisions.In April 2010, the ATO Commissioner released a SMSF Determination that cleared up their thinking on this issue. Specifically, the question was raised:Can a trustee of a self managed superannuation fund purchase a trauma insurance policy in respect of a member and still satisfy the sole purpose test in section 62 of the Superannuation Industry (Supervision) Act 1993 ?The answer was:Yes, a trustee can still satisfy the sole purpose test provided any benefits payable under the policy: * are required to be paid to a trustee of the self managed superannuation fund (SMSF); * are benefits that will become part of the assets of the SMSF at least until such time as the relevant member satisfies a condition of release; and * the acquisition of the policy is not made to secure some other benefit for another person such as a member or members relative.However, the ATO also pointed out that if a trustee purchases a trauma insurance...more
An accident can happen to anyone. It is crucial that you take some steps to ensure that you handle a bad patch with utmost ease. This is the biggest reason why many people consider taking out some insurance policies. Be it car insurance, home insurance, business insurance, or anything else, you can find insurance companies to find a right type of...more
If you have recently bought a new motorcycle then there is no doubt that you must be very excited with the new purchase. Children dream of owning a motorcycle and when they grow up and buy themselves a bike, the feeling can be truly exhilarating. In fact, motorbikes hold such a charm over people that even motorcycle enthusiasts tend to act like...more
Every person who has ever owned a motorcycle knows that even minor accidents can lead to extensive damage to the motorcycle because bikes tend to be less sturdy than a car. This extensive damage can be very difficult for the motorcycle owner to get repaired because the costs can go through the roof. As much as this fact is valid for regular city bikes, it is even more relevant for motorcycles that fall in the higher cost bracket.In fact, if the motorcycle falls on the higher end of models and costs, then it is highly likely that even minor scrapes and scratches can lead to backbreaking costs of repairs. Hence, just getting a normal insurance policy for your motorbike may not be enough. You will, instead, need a policy that can give you added benefits like the following:1. Breakdown Cover:If you have experience with bikes, then you know that if something goes wrong with your motorbike, you cannot leave it where it is to get the mechanic or the repairman because it can get stolen. Instead, you will have to drag it to the nearest workshop for repairs. This is why breakdown cover is important for motorbikes. This cover is, basically, designed in a way that you do not have to drag your...more
How Many Insurance Quotes Do You Really Need? When you are seeking life insurance, you will be overwhelmed with all the choice offered to you. There are, after all, so many companies vying for your business. How can you possibly know which is...more
Insurance Agency eMarketing and Insurance Agency Webinar Checklist – 95 Check Boxes And Counting As a best practice, it's a good idea for insurance agencies to create checklists for complex marketing tasks. This is hardly an innovative idea,...more
Insurance offers broad safety net There is no way to account for all the possibilities in almost any aspect of life. This is especially true if your daily business involves any external variables, such as dealing with members of the public,...more
What you know about 21 Century Insurance? When it comes to car insurance, Geico and the 21 Century Insurance are fairly well known. Geico are larger and this is largely due to their mass marketing campaigns. In fact, even if a person goes for...more
Engineering is a very loose term because engineers can range from the traditional heavy industries through to the latest high tech. Work can be entirely desk based or physically strenuous. The level of precision could be microscopic or measured in...more
How To Best Advertise Your Insurance Agency There are many players in your industry out there, so how do you differentiate your insurance agency from all the rest and make consumers sit up and take notice?Marketing and advertising your...more