Category Archives: Tax and Insurance

Selling Cakes, Cookies And Pies You Need Liability Insurance

It matters not if you bake those chocolate chip cookies once a week for the community center and sell them to make extra money for your son’s little league uniform; if you are selling food products you need liability insurance.

Of course, no one once to think anyone could get sick from their delicious double Dutch chocolate, chocolate chip cookies, but the truth is, it may not be your baking process, it may be an ingredient you used in your cookies, and it is better to be safe than sorry.

Liability insurance policies cover both legal costs and any legal payouts for which the insured would be responsible if found legally liable. Intentional damage and contractual liabilities are typically not covered in these types of policies.

Does a small home-based baker or food processor selling to family, friends and at farmers markets or community fairs/flea markets need liability insurance. Absolutely!

Liability insurance is important for anyone who may be held legally liable for the injuries of others, especially business owners (that’s you). A product manufacturer may purchase product liability insurance to cover them if a product is faulty and causes damage to the purchasers or any other third party. Business owners may purchase liability insurance that covers them if an employee is injured during business operations, for example if you hire your cousin Bill to do the heavy lifting when delivering those amazing beautiful wedding cakes.

One type of insurance coverage that should be considered by all home-based bakers and food manufacturers/processors is “Food Product Liability” coverage. This type of coverage should provide coverage in the event the insured food product injures the person who consumes it. Most retail outlets or locations such as a Farmers Market require that food products have a $1 million to $2 million policy before you will be allowed selling your products. Additional coverage requirements may also be requested.

For example, a retail vendor does not have to allow you to sell your products in their establishment even if you do have the required insurance; plus providers of food product liability insurance may be reluctant to provide you with a policy quote because you are not selling a standard rate of food products. In this case, the provider may prefer to give an estimate which requires very specific information about your products and your business characteristics.

Don’t be surprised if a company requires you to complete an application and submit the businesses’ production, distribution and marketing plans, all of which may be null and void if you are a new home-based baker with no clue of what type of business or how much business you will be doing. The bottom line is product and business liability insurance is essential if you are going to operate a legitimate business in America.

Compare car insurance quotes in California online

Few decades back cars used to be a luxury commodity. People belonging form the higher status group were only able to purchase cars. It was a status symbol back then. Today anyone can buy a personal car for his or her requirements. There are a number of different car manufacturing companies present in the market today. Each company provides customers and buyers with a number of easy instalments plans. With the help of these plans, anyone with an average earning can buy a car easily. In most of the countries in the world, car insurance is mandatory for car owners.

A car insurance policy helps the insured person to protect his or her valuable asset. In case of auto theft and accidents, an insurance policy can help you financially. These policies and plans help car owners in times of distress. There are different types of car insurance policies available in the market today. Mainly these policies are of three types – liability coverage plan, collision coverage plan and comprehensive coverage plan. According to your needs and requirements, you can choose a plan for your car. Think carefully before selecting any insurance policies or plans. Do not make any haste decisions regarding insurance.

Most of the people choose the comprehensive coverage plan to protect their cars. This coverage plan protects you financially in case of auto thefts and accidents. The other two plans do not provide full coverage, thus individuals generally choose the comprehensive plan. It is more flexible and extensive in nature. You can also ask for a customised coverage plan for yourself and your car if you want. The premium rates and the coverage cost depend on a number of factors. For instance, a SUV’s premium rates will be more or higher than an ordinary family car. The model and make of your car are the primary factors that specify the rates.

If you do not have much knowledge about car insurance companies and policies, then ask a knowledgeable person or a reliable agent. There are a number of insurance companies present in the market now. Sometimes it can be confusing for a car owner to choose a specific company for themselves. Use the internet services to learn more about car insurance. You can check on different plans online. If you are looking for car insurance quotes in California, then type car insurance quotes California or California car insurance quotes in the search box of your webpage to get appropriate results. You can ask for quotes from more than one company.

the insured person to protect his or her valuable asset. Get more details visit at .

A Travel Insurance Plan is Imperative for Travelers

A travel insurance policy is also referred to as a trip insurance policy in India. This is an inevitable need for all travelers. Regardless of the destination you plan to visit, you need to buy travel insurance. In fact, you need to focus on buying the best plan available on the market.

The concept of travel insurance has acquired popularity only recently. And many also think that it is fit only for foreign trips. This is not true. The plan is important for national as well as international travelers. So if you have a trip on your mind, it is time to look for the best insurance plan as soon as possible. Most of the travel insurance plans are designed in a fashion to offer prompt protection against sky rising enormous medical expenses incurred due to a wide range of problems travelers may encounter on a daily basis.

So what are the common perils a traveler is vulnerable to? Some of the major risks include theft of baggage, cash and passport, loss of passport, accidents, injuries, postponement of trip, delay of flight etc. Sometimes, there is a medical emergency abroad and the traveler needs to be shifted to the home country or a different place for treatment. This requires a lot of money. Buying a travel insurance plan will help you get rid of the sudden expense you come across in a foreign land.

When you buy travel insurance in India, the insurance company takes the responsibility of any expenses incurred due to potential risks. Travel insurance will also offer you immediate attention in the times of emergency.

To buy a travel insurance policy, you should rely only on the best insurance company. A reputed organization will offer you guarantee on protection against perils while travelling. Prior to buying an insurance plan, you should also know about your specific requirements and budget. This is how you can invest in something that is the best for you.

Buying a travel insurance plan for travel will protect you against the following perils:

Natural disasters such as hurricane, flood, earthquake, etc.

Passport loss

Baggage loss

Accident

Health problem

Ambulance expenses

Emergency evacuation

Expenses incurred during hospitalization

Medications bills

Cash loss

If you are serious about travelling safe, buying travel insurance plan is a must. Ignoring the importance of insurance may result in a huge financial loss.

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It is very essential to have a travel insurance policy. Author Pranav Sharma is an experienced insurance professional and widely read expert on general insurance based in Mumbai. Pranav helps readers opt for best .

Types of Insurance Policies in Fort Myers, FL

Insurance firms are very important in the modern world. They are the only guarantors that you will have a better tomorrow if disaster should strike. Financial institutions cannot assure you of this. There are many types of insurance firms around Fort Myers, FL.

Policies provided by a company offering Insurance in Fort Myers, FL include: 1. Auto insurance policy. After your home, the next major investment in your life is your car. It is not only an asset, but sometimes holds sentimental value. You will need to insure your vehicle to assure you provide repairs or replacement in the event of an accident. Consult with an insurance firm that offers this type policy, and the agents will guide you on the coverage you need considering your driving habits. Ensure that the premiums are affordable and that all vehicles you own can be insured under your policy.

2. You should also consider insuring your property for protection against fire and vandalism that may destroy your assets. These include all valuables that are in your house and that could get damaged in case of a natural disaster. Consider insurance firms that will cover all your personal valuables. This can include a renter’s insurance policy, condo insurance, home insurance, water backup, and wind/hurricane insurance among others.

3. Acquire an insurance policy for your business. In case of a disaster, you could lose all your property and investments. Ensure that you are on the safe side by purchasing an insurance policy that offers this type of coverage. Consult with firms that can insure any type of business. Insurance plans include those of property insurance, workers compensation, professional liability, general liability and contractor’s insurance for all professionals.

4. Insurance in Fort Myers, FL providers also offer flood insurance policies. Floods can occur any time. Despite the improved methods developed to combat floods, you are not guaranteed that you will not be a victim of such a situation. Ensure that you are safe by acquiring this policy from a firm near you. This plan is applicable for your home, business, mobile homes and condos among others. Floods are generally not covered under other policies, so it is important to purchase a separate flood policy.

Tropical Insurance Of Bonita Springs offers an array of policies to cover any situation that may come your way. Ask for advice from their professional staff if you are unsure of the type or amount of coverage you need.

Whether you are looking for an insurance company for auto insurance, home insurance, or business insurance, Visit for professional service and insurance products at competitive rates.

Choose The Best Marine Insurance Providers In India Insurance Guide

Marine Insurance, it must be understood covers the loss or damage of ships, cargo, terminals, and any transport or property by which cargo is transferred, acquired, or held between the points of origin and final destination. Its value therefore can easily be understood. It is especially critical for fishing industry for it is extremely unlikely that the sea would not turn choppy and if it so happens which invariably happens there is every likelihood that there would be huge loses both of material and of men. It is here that marine insurance comes handy as it ensures that in case of any such nasty events the loss at least of property would be borne by the insurance companies.

The popularity of marine insurance can be gauged from the fact that today there are a large number of insurance companies that provide marine insurance. However, it is advised that people do a thorough research before opting for the policy of any company. This is an extremely monumental job as there are a number of companies that offer marine insurance so it is difficult to properly research them.

It is here that Jai Insurance Brokers, a highly reputed name in the field of insurance sector, swings into action. It has the list of all such reputed and credible insurance companies that provide marine insurance on its website. All that people have to do is to log on to their website and the list of all the companies along with their terms and conditions would be available to them.

Then again Jai Insurance Brokers also provide online facilities to its clients which spares them from the difficulties of commuting to the office as they can purchase and make payments online. Furthermore the agents of Jai Insurance Brokers are not only extremely courteous but they are also ever willing to go to any length to serve their esteemed customers. The fee that is charged by the company for the services that it provides is also extremely reasonable.

It is the combination of all the above mentioned reasons that has propelled Jai Insurance Brokers on the top slot amongst everyone who might be interested in availing a marine insurance policy and judging by the popularity being enjoyed by the company it can easily be said that coming days would be even better for them.

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Corporate Insurance In India

Risks are part of life no matter whether it is concerning health, property, vehicles, business, and the list goes endless. Thanks to the concept of insurance that provides cover to risks on the said aspects. Insurance India covers the aforementioned risks, acting as a protective financial shield. The corporate sector today relies on corporate insurance to stay safe against business risks. Unpredictable occurrences may turn the entrepreneur a victim of financial crunch or even bankruptcy. With corporate insurance, businessmen can run their business affairs at ease.

The scope of corporate insurance covers employees, safeguarding them against personal accidents, sickness, etc.; business assets such as factories, trading/service properties, etc. In case of any accidents, the costs are borne by the insurer. Certain details need to be furnished while buying such an insurance; these are number of employees (with names, dependents), manufacturing unit specifications, trading unit details, and the like.

Investments involved in buying corporate insurance cannot be compared to other general insurance policies related to health, property, liability, student, vehicle, travel, etc. It is a huge investment and hence before buying this corporate insurance in India, do make a list of all the major insurance providers. Once you have made a list, you can go through the details of benefits covered in each policy offered by each company. Again, this can be a tedious, hectic, and time-consuming task. The best option is to visit an online insurance service provider that enlists all major insurance companies. Even visiting individual corporate sites of each of your listed companies may take your time. Many a corporate entity has relied on EIndiaInsurance.com to buy corporate insurance. It has in its list all general insurance companies in India like Tata AIG, Reliance, Bajaj Allianz, to name a few. The greatest advantage of visiting this platform is that using its insurance comparison tool, you can compare policies in no time. Getting quotes takes only a few seconds. The payment options range from paying by cheque to credit card, and debit card. If you are an entrepreneur and have not yet bought any corporate insurance, buy one and stay protected!

Precautions To Take Before Bidding On Tax Foreclosure Properties

As you may already know, tax foreclosure properties are those that have been reclaimed by the local government for failure to pay taxes. The properties are then sold through auctions. While you can find some great deals by opting to purchase these homes, make sure to take a few precautions before you begin bidding.

Check Out the Property

If possible, you should try to see the property before you place a bid on it. As with other types of foreclosed homes, tax foreclosure properties are often not left in great shape by the past owners. To some extent, you can understand the bitterness and anger involved in having your home taken away but when youre the one purchasing the property and having to sink a lot of money into the home to repair ridiculous and deliberate damage it can also be frustrating.

By looking at the property before bidding, you can more accurately determine a maximum threshold for bidding. For example, if $20,000 in repairs are going to be needed, you may want to lower that upper bid level by about that much.

Check for IRS Liens

While local tax liens take precedence over mortgages and other types of liens that might tangle up the title to the property, claims on the property placed by the Internal Revenue Service cannot be so easily dismissed. Before bidding, you may want to do a check on the title of the property to make sure no IRS liens are present. Otherwise, you could find yourself owing someone elses tax bills and having to take the old owners to court to recoup your losses.

When youre purchasing tax foreclosure properties, you want to get the best deal possible so take the precautions listed above to make sure your purchase doesnt end up costing you more in the long run.

Steps To Get Your Nova Scotia Auto Insurance

You have always thought that getting an insurance policy is an elaborate, cumbersome and tricky issue. If that is what you thought, then here is a piece of good news for you. With the advancement of technology even complicated procedure of getting a Nova Scotia car insurance seems like a cakewalk. You need not even be a computer wizard to use the online applications on the portals of the insurance companies. What you need is to first assess your insurance requirement and then follow the simple steps that the portal guides you to take!

As simple as that, Scotia auto insurance

You need to key in your basic details in the application for online quotation. You may also call to have a talk with the courteous insurance expert for assistance. You will typically be provided with quotation from the leading insurance providers. You will also be receiving guidance to choose the one that offers the cheapest rates.

Make sure that you deal with an online Nova Scotia Auto insurance service provider company whose process of comparing the insurance quotes is really fast, besides being customer-friendly. Only fast and customer focused companies will be able to provide you with efficient and effective customer service in the long run.

Remember that only an expert insurance company with several years of hands on experience in serving clients with dedicated and effective insurance solution and service will be able to put you in an advantageous position. Otherwise, dealing with the fly by night companies or the new, inexperienced companies without adequate insurance expertise may prove to be extremely grave in the long run.

When you choose your Scotia auto insurance provider, you may have talks with the insurance experts several times unless you are absolute sure that the one you get is the one you want.

The companies that have been long in operation, has established their credibility regarding claim settlement. Claim settlement record of a company is of utmost importance to any insurance seeker.

Conclusion

You have a clear road map as to what your short term and long term financial goals are. You also have worked towards ensuring that those are met in proper time. Now take some time to check out the insurance companies, the services they provide, the rates, the coverage and the claim settlement record; and get the adequate insurance for you. So that in case of exigencies there is no crisis. If your car is your prized possession, get the Nova Scotia car insurance for it.

for the Scotia Auto Insurance deal with an online Nova Scotia Auto insurance service provider company. ..

Travel Insurance Fraud The Consequences

Rebecca and Shanti were both honest law-abiding citizens with law degrees from Sussex University, so it came as something of a surprise when they were recently arrested in Brazil for committing holiday insurance fraud. The two girls allegedly told the police that thieves had stolen around 1,000 of their possessions, including a camera and laptop computer. However, officers became suspicious of their calm demeanour and the fact that it had taken the girls days to report the alleged offence.

The police subsequently demanded to see the girls lodgings, where they claim to have uncovered all the possessions which the girls claimed had been stolen en-route to Brazils Iguassu Falls. Rebecca and Shanti could face up to five years imprisonment if they are found guilty of committing holiday insurance fraud in Brazil, and this sentence is actually quite lenient when you consider some of the punishments that they could face if they had committed the crime in a different country.

In England, tourists face up to 10 years imprisonment as a result of making fraudulent holiday insurance claims. This sentence could even be on top off additional penalties, such as repayment of the amount you claimed and compensation to your travel insurance company. You would have thought that the prospect of a ten year prison sentence would put most people of committing travel insurance fraud, but last year 4,300 dishonest claims worth 5million were made through holiday insurance companies in the UK alone.

Overseas police forces and travel insurance companies, have now started to get increasingly more vigilant about holiday insurance cheats, a policy which no doubt led to the arrest of Rebecca and Shanti. Details of fraudulent travel insurance claims have now been kept on an industry-wide database, which will be accessed by the Financial Services Authority and insurance companies. This means that anyone caught trying to commit holiday insurance fraud will now automatically face higher insurance costs and have difficulty obtaining other insurance cover, such as home insurance. On top of this, attempting to commit travel insurance fraud may also impact on your credit rating, which would make it more difficult to obtain goods or borrow money in the future.

It is reported that 75,000 Britons have at some point in their lives committed holiday insurance fraud, either by making a false claim or by exaggerating an existing one. Records from travel insurance companies show that Britons lose more Louis Vuitton luggage abroad than is actually ever sold in the UK.

So many fraudulent claims, however, could see the end of cheap travel insurance, as holiday insurance companies may need to put up their prices in order to make up for the losses that they may incur.

Rebecca and Shantis Brazilian sentence may have seemed tough, but if the girls had attempted to commit holiday insurance fraud within the UK then they would have risked a much stricter sentence.

Classifications Of Insurance

Insurances are classified in a number of ways. The policy term and coverage differentiates one from the other. Risks, perils, losses, and property, are the different coverages. A detailed analysis and a deeper understanding of the characteristics should be made for a certain insurance policy to be classified.

Most of the time private and social assurance are distinguished from one another. Social insurance is offered by public agencies and it is mandatory. While there are a lot of coverages that are offered by the government that are considered compulsory. But the are also those that are voluntarily bought. Also, private insurance companies offer compulsory insurance. It doesn’t matter who the provider of the insurance is as the distinction between compulsory and voluntary insurance doesn’t depend on them. A compulsory insurance, who ever provides it, is considered as a social insurance.

Personal, property, and liability risks are the coverages included in a private voluntary insurance. Disability and medical care coverages are under personal insurance. The coverage for the cost of loss of a certain property, whether it be repair or replacement, or any loss due to the use of that certain property, is under property insurance. Fire, windstorm, riot, civil commotion, and crime, are the most common perils. Personal injury, bodily injury, and property damage caused by persons in their personal, professional, and business activities, are all included in a liability coverage. Further categories include surety bonding and credit insurance.

Governmental voluntary assurance focuses primarily on personal and property risks. In Wisconsin, voluntary insurances are provided for their residents. In another state, crop hail insurance under property coverage is also offered. The US government through the Veterans Administration, provides life insurance to veterans. People who have already retired are also given supplemental medical care insurance on a voluntary basis under the Medicare program through the Social Security Administration. In the case of home loans, the federal housing administration provides loans to its lenders. The US government also joined the marine insurance field during the time of world wars.

Compulsory insurance is further sub-classed into two kinds, either state or federal. Some of these programs are supported by insurers while others are financed by government agencies. Coverage is provided for personal, property, and liability risks.