Hotel Insurance With Public Liability Cover

Insurance is very important, especially if you own a business. With a good insurance policy, you protect both your business and the welfare of your clients. The reason why is because your provider takes over in the event something bad happens. They would be the ones responsible for the $10K, $100K or even $1 million settlements… amounts that an ordinary business could not afford.

The situation becomes even more critical for companies involved with hospitality. Whether someone is running a nightclub or a hotel, there is an increased chance of a liability claim. But if you have hotel insurance, your financial interests are protected, regardless of what happens. Even if the judge finds your company at fault, your provider will still cover the settlement.

The same is also true for nightclub insurance. These policies are similar to hotel insurance, in that they cover a larger range of liabilities. However, they are different enough that they should still be purchased separately. The only exception is if the nightclub is actually part of the hotel. In that situation, the owner might be able to get an all-in-one discount if they purchase both policies from the same company.

Now, whether you get nightclub or hotel insurance, make sure each policy covers public liability. If they do, you will be protected against claims of negligence. For example, if someone falls on a freshly mopped floor, and a “Wet Floor” sign was not in place, you would not be responsible for the damages. The negligent employee responsible for the accident would also be protected.
Contents insurance should also be covered in your policy. With this protection, you will receive compensation if there is any theft, damage or vandalism on the fixtures inside your building. The same is also true with your company’s belongings, like beds or exercise equipment. Indeed, with contents protection, you could end up saving thousands, as you would not have to replace these items out of pocket.

Now for those that are on the bar side of hospitality, there are special pub insurances. They address more unique concerns in comparison to hotel or night club insurance. Since bar owners have more contents to worry about, they need a different level of protection. However, their coverage may not be as extensive as nightclub or hotel insurance, simply because their interaction with the public is different. If a bar does not have a dance floor, it is more like a restaurant (at least in the eyes of an insurance provider).

There you have it… the basics behind hospitality insurance. If you own a hotel, bar or nightclub, you need to get your hands on these policies. Otherwise, you could suffer dire consequences financially. That �’1 million settlement a customer got for falling down falls on your shoulders. Plus, you would suffer negative publicity. Granted, this does not mean you will be free from emotional fallout, as anyone going through trial is going to suffer a little spiritually. But with hospitality insurance, you do not have to worry about losing your business in the process. Your provider will take care of all the odds and ends, giving you time to repair your company’s damaged image

Helpful Tips To Get Cheap Auto Insurance

Helpful Tips to Get Cheap Auto Insurance
Auto insurance has many benefits and can help you with your financial loss if you are involved in an accident. The insurance company will be paying for your loss and you will pay premium. Liability, Medical coverage, and property are provided with auto insurance and what property coverage does is pay for the damage of your car or if it is stolen. The medical coverage helps pay for your injuries or funeral expenses. When others are injured liability coverage can help pay for their injuries also. Most states make you buy some of the coverage, but you are not required to buy all of them. Auto policies should has from six months to a year, and the insurance company should tell you when its time to renew your policy.

One of the Auto insurance financial laws require that car owners must buy a minimum amount of property damage, bodily injury, and liability insurance. There are many sites that can be found that talks more about the financial law for Auto insurance. For example, California’s age limit on mail renewal is 70. If a death occurred during an accident it is considered alcohol-related. A person can not drive legally without insurance. The state requires you to have auto liability insurance.

Having Auto insurance can help you pay off after an accident has occurred. You have to prepare to pay claims if you cause an accident. If you have a teenage driver, it is wise that you insure them. Tell your insurance agent that there will be another driver in your household. Teenagers are inexperienced drivers and have a higher possibility in getting into a car crash and without insurance you will be loosing money out of your pockets. To keep a cost to a minimum it is a good idea to pick a safe car for your teenager to drive and talk to your teenagers about safe driving. Many auto insurance companies will offer discounts for students getting at least a B average in their school.

Your percentages will increase if you file a claim. Your company has the decision to renew your policy if you have had too many accidents and a bad record. When you have an accident and do not report it to your Auto insurance company you will be at risk. Being sued by the other driver will cause your insurer to refuse to honor the policy. It will be complicated for the insurer to collect evidence for you even if they do honor your policy.
For a website about Car Insurance visit Tuan’s Website Car Insurance Answers and find out about Cheap Auto Insurance Secrets & Tips, Understanding About Auto Insurance, Where to Compare Auto Insurance Quotes for the Best Rate, and Most Popular Auto Insurance Companies and more, including Car Insurance Rates.

Make Your Health Insurance

Health insurance is available in many forms from many companies. Doing research and keeping notes are wonderful ways to help you in your search. Check it out thoroughly prior to committing. The insights here can aid greatly in obtaining the coverage that you need.

During open enrollment, assess your insurance needs. Your insurance needs can rapidly change as your health changes and your family grows. If your employer also offers vision and dental insurance, you should review that also during open enrollment.

Many companies offer employee wellness programs that allow employers to save on health insurance. Employees who are willing to go in for a checkup may be eligible for discounts. Signing up for physical fitness programs can help you save money on your insurance premiums and even lower your company’s payments for insurance.

Look at your personal health insurance needs when it’s open enrollment time. Although your current policy may have been effective thus far, that may no longer be the case because health situations for you or your dependents may have changed. You might also need a different policy in order to add new people to it. This is also when you can decide what vision and dental options suit you the best.

Did you know that you can actually pay less money in taxes by using your health insurance as a deductible? Few people understand that health insurance premiums are tax-deductible. The cost of covering your deductible, co-pays and prescriptions are also tax deductions. Federal taxes are not the same as state taxes, so you should look into the difference.

Did you know that you can actually pay less money in taxes by using your health insurance as a deductible? Although many people aren’t aware of the fact, health insurance premiums are tax deductible. Health insurance premiums, prescription costs, deductibles and other expenses not covered by insurance may be deductible on your tax return. State taxes are different from federal taxes, so make sure you check guidelines.

Before you decide on an insurance policy, make sure the doctors and hospital you use is covered. Simply check the insurance company website for a list of hospitals and doctors that are in the network of the insurance provider.

You should realize that states regulate private insurance, so it is not possible to purchase it across state lines because of interstate commerce laws. One consequence of this is that coverage may be reduced or nonexistent if you receive care outside your home state. This is important information if you will be traveling.

You should consider that certain companies will have a surcharge for having a spouse on a health insurance policy if your spouse can access insurance from an employer. It might be cheaper to each have separate coverages with your employers. To find out the right way to go, calculate both scenarios.

What kind of health insurance do you have? Having health insurance means that you will receive proper medical care should you ever need it. Apply the information that you have read so that you and your family are covered under a health insurance plan.

Process Of Filing A Death Claim And When It Is Not Payable

The process of filing life insurance death claim is quite simple and straight forward. The first thing to do is to intimate the insurer. The claimant should contact the insurance agent from whom the insurance policy was purchased. He/she will guide you through the process of submitting different documents and the procedure. If the claimant does not know the agent then the insurance company should be contacted directly.
1. Claim intimation: The claimant has to submit the Claim Form to the insurance company. The forms are available with the insurance company’s branch offices or can be downloaded from the insurer’s website. The Claim Form requires information like the insurance policy number, name of the insured, date, place and cause of death, name of the claimant etc.
2. Submission of required documents: The claimant needs to submit the original policy documents and the death certificate. The other documents required are �
a)For natural death/ death due to illness- medical reports, attending physician’s report.
b)For unnatural death/ in accident- autopsy report, police FIR, Panchnama report.
Depending on the sum insured or cause of death, the insurance company may require some additional documents/ certificates.
Once the necessary formalities have been completed, IRDA regulations stipulate that a claim be settled within 30 days from the day all documents are submitted. In case an insurance company needs to conduct further verification, all procedures should be completed within 6 months from the date of claim.
Speedy settlement of claims is a service that a life insurance company is expected to provide, but there are some circumstances when the insurance company can deny the sum insured and the claim is not payable. Some of those reasons are:-
1. If the policy holder, whether sane or insane, commits suicide within one year of the commencement of the policy then no claim is payable.
2. Death occurs under circumstances mentioned in the Exclusions of the policy for e.g. due to participation in a hazardous activity like sky diving.
3. Misrepresentation of facts relating to health- an insurance company can refuse a claim if false/incomplete information is found to be given at the time of purchase of policy. However this can be done only before the �incontestable period’ i.e. within 2 years of policy commencement. If the insurance company proves that certain information provided was done fraudulently, for e.g. someone other than the policy holder takes the medical examination, the death claim can be forfeited even during the incontestable period.
4. One very commonly told fib by prospective policy holders is that they are non smokers when in fact they are not. In a risk cover for critical illness especially, it is very important to disclose the insured’s smoking habits truthfully. Discovery of non-disclosure of the insured being a smoker could lead to the death claim being rejected causing tremendous difficulty for the nominee.
5. If it is found that a person had taken a life insurance policy for another individual with himself/ herself as the beneficiary with the intention of murdering the insured for gain.
A life insurance policy is a contract of �utmost good faith’, meaning that both the insured and insurer are mutually obliged to disclose all facts known to them that are relevant to the policy. It is imperative that the insured honestly discloses all information required while buying an insurance policy to ensure a problem free settlement.

Questions About Insurance

Purchasing any type of insurance, be it auto, home or renter’s, can be extremely frustrating. Don’t let your insurance needs be a source of frustration or confusion. It is possible to purchase a policy without any stress if you have the proper knowledge and advice. Use the following tips to get started.

To help you get a discount, you should consider purchasing your insurance policies from a single company. Insurance providers have a handful of discounts that are available, but bundling discounts is an industry standard practice. If you are going to shop for insurance, consider getting more than one policy to save money.

From the moment you file an insurance claim, document everything related to the claim. Keep track of your claim’s progress by maintaining a record of every communication you have with insurance agents. Follow-up letters or emails can get written confirmation of what was discussed or decided when you talked.

Knowing what is offered is key to choosing the right insurance policy. Ask your insurance agent for more information if you are confused. Worried about the integrity of an insurer? Run the policy by someone you trust who knows how coverage works.

Look for bundles that insurance companies offer, in order to save money. For instance, you can consider purchasing an insurance policy for your car and a boat or motorcycle with the same company. You will be able to find bundles that cover your vehicles and your home. You should see to it that you are buying insurances that you need.

Yes, your premiums can be reduced by raising your deductible, but there are ramifications. This causes you to have to pay for small things out of pocket at first, but your monthly bill will be much less. Add all these little expenses up to figure what your best deal really is.

It is always cost-effective for you to shop around when searching for insurance. It is all too easy to just stick with the insurance you have, rather than putting in the effort of looking for a better deal. Comparison shopping can save you a significant amount of money, so you should invest some time into looking at different insurance policies.

You should refrain from filing claims that are small, even if they fall under your coverage. Your premiums will go up and cost you more over time than you’ll get back on your claim. If you spend a few years without filing a claim, you may get a discount on your premiums. Your full coverage will still be there for use if there’s a significant incident.

You must make sure that you have full, complete coverage when getting a new policy or switching from a current policy. You do not want to risk having any period of time when you do not have insurance coverage because of a gap between your termination of one policy, and the effective date of your new policy. Even though it’s more expensive, higher premiums are worth the full coverage.

As with other insurance, if you raise the deductible, you will lessen your premium. It is also a good idea to have a high deductible to keep you from filing frivolous claims that will raise your premiums. If you choose to take a high deductible, you are far less likely to file a claim at the drop of a hat.

Key Man Insurance & Its Importance For Your Business

In a business organization, key man refers to a person who is of great relevance or whose presence is crucial for the successful functioning of an organization. It is not necessary that key man should be the CEO or COO of the company; he could be any person who possesses the knowledge, experience, and expertise to play a decisive role in any of the important business areas. Such a man could be an accounts manager, HR manager, sales manager, marketing manager, project manager, and the like.

Key man, as you would have got an idea, is very important for a business to continue in a stable manner. Suppose an organization ceased to get its key man’s contribution due to death, chronic illness, or permanent disability of such a man, what would be the effect on that organization? The organization would suffer losses, its business activities would be adversely affected, and it would even come to a standstill. So, is there any way to prevent such a situation? The good news is that there is, and it is called key man insurance.

Key man insurance, as the name suggests, is the insurance of the key man of an organization. It is also called key person insurance or key employee insurance. Nowadays, many financial advisor services firms provide professional advice on Key Man Insurance policies. We have discussed above that the presence of a key man is of great importance in a business organization and his/her absence could prove detrimental for an organization. In such a scenario, key man insurance provides a cover for the monetary loss that an organization would suffer in the absence of its key man, or provides financial support for the expenses (for example, salaries of employees, returns to investors, operational costs, etc.) that an organization has to met in times of financial difficulties.

Key man insurance is important for your business due to the following reasons:

�It covers the monetary risk that arises when a key man leaves an organization.

�It provides money to an organization to meet its important expenses like wages of employees, payment to shareholders, mortgage amount, etc., even in times of financial difficulty that occurs due to its key man being not there.

�The organization has also to look for a replacement of the key person lost; this could prove very expensive depending upon the area of business the key person was handling. Key person insurance has the provision of providing fund for such an expense as well.

�Key person insurance is even more helpful to small organizations because loss of a key employee, in most cases, would mean death of the organization as well. Key person insurance provides a chance to such organizations to recover.