Why You Need Liability Coverage From Your Insurance Company

Designed to cover professional practitioners against claims of negligence made by clients or patients, professional liability insurance goes by many names. When used in the medical profession, it is commonly called medical malpractice coverage. Notaries public also require this security, but they refer to it as errors and omissions insurance. Real estate brokers, management consultants, … Continue reading “Why You Need Liability Coverage From Your Insurance Company”

Designed to cover professional practitioners against claims of negligence made by clients or patients, professional liability insurance goes by many names. When used in the medical profession, it is commonly called medical malpractice coverage. Notaries public also require this security, but they refer to it as errors and omissions insurance. Real estate brokers, management consultants, and even website developers are all eligible for protection.

What’s It For?

Insurance is used to protect people in case something unfortunate happens. Auto policies protect them in the event of an accident; medical policies protect them from unexpected illnesses; commercial policies protect them from a number of mishaps. If there is a fire, theft, or an accident on the job, the commercial variety will cover it.

Why You Need It

Few companies are fortunate enough to survive for a protracted period of time without getting sued by a client, customer, or employee. Liability coverage from an insurance company is the only shield most businesses have against litigious attorneys. This goes double when an employer competes in a risky industry like construction. Why?

A construction site is arguably the most dangerous working environment on earth. Not because people are careless, but because making something, anything, is risky. Workers fall down stairs; they trip on cords; they cut themselves. Builders must assume this risk and purchase the right amount of coverage from their insurance company to protect them from financial ruin. But that’s not all.

These policies not only shield the employer, but they also safeguard his workers. If an electrician falls off a ladder or a carpenter cuts himself, a liability policy will pay his medical bills. Commercial coverage will also cover most attorney fees and court costs if someone files a suit against you.

How Much Do You Need?

As you might expect, the size of the policy often depends on the size of the business. Most actuaries recommend at least one million dollars of professional liability coverage for small businesses. Large businesses and corporations obviously need a lot more and often carry huge policies. Because lawsuits are quite common in the medical profession, malpractice insurance is the most common form of liability coverage.

Most doctors have several million dollars of malpractice coverage at all times. When they work in a large practice, that figure might be five or even ten times as high. Lawyers and accountants must also carry liability because of the high rate of litigation in their fields. But what about everybody else?

Numerous Benefits

Any business that can be held financially responsible for failing to complete a project on time may need to purchase a professional liability policy from their insurance company. This includes general contractors, architects, builders, and many, many more. These policies also cover personal injury, breach of warranty, intellectual property, and security. In short, any company that has more than one employee should have liability coverage.

How to Sell Final Expense – Why Agents Fail In the Final Expense Business

The reason agents fail learning how to sell final expense is fairly simple. The unfortunate reality of sales, no matter the industry, is that 90% of all sales people fail or quit within the first 12 months of starting their sales profession. Why is that the case?

The number one the reason agents fail selling final expense is because they give up on themselves. They go into the business with aspirations that didn’t match reality. Looking from the outside in, many new final expense agents have the perspective that to succeed in final expense it is only a matter of going out and talking to people. If it were only that simple!

It takes time to learn the skills necessary to sell final expense successfully. Final expense sales training is something that takes months if not years to develop. A lot of new agents don’t understand that sales is totally different from a typical salaried employee position. You have emotional ups and downs almost daily. Being on straight commission, you literally wake up every morning unemployed; you must “eat what you kill!”

If you don’t have experience, there is nothing to really prepare you for it until you understand what that is like and you are living it. It is something that many people just can’t handle.

Then the other reason people fail is because they don’t get involved with the right agency to help train them, to prepare them for the realities. They get involved with a business that sells “Blue Sky,” meaning all the benefits to a lifestyle of Final Expense and none of the gritty work that it takes to succeed in the long-run.

Also, new agents fail because they get involved in an agency that is designed to short change them and squeeze the dollars out of them at a ridiculous rate. It ends up being a revolving door type of sales agency.

It is important that agents do their research on the front-end. Talk to different agencies. Get a feel for your managers personality type. Figure out who has been successful. How long agents have been working with them? Ask for proof. Are they transparent with what to expect as far as commission and percentage advancements based on merit and production history?

What do you get for your investment? Because the manager makes money off of your production. You just have to make sure value is there. Take the time to ask these questions. Again, it is really important you are reading this because most agents don’t go into this business even knowing what to ask, much less what to expect.

Many agents don’t understand that you must come into this business with a business mindset. Most agents must buy direct mail, and won’t have the benefit of a referral network or an existing book of business. Instead, they have to buy leads to get going.

My recommendation is to have about $4,000 to $5,000 to invest into a final expense direct mail lead system, or if you have less than that keep a full-time job and then also you know if you got $2,000 or $3,000 minimum into a telemarketing final expense lead system.

You MUST start on the right foot. You MUST be prepared for the ups and downs. You MUST be willing to work through it with the understanding that the long-term is what makes it worth having. What makes it all worthwhile.

That’s the reasons why most agents fail learning how to sell final expense. The important thing is to go into this with the right group that shows you transparently what to do. When you know that you have got that on your side it is really up to you.

Do you have the X-Factor to work hard and follow the system that is laid out upon you?

That’s really the ultimate determinate of your success or failure.

David Duford is the owner of Final Expense Agent Mentor.

In addition to personally producing business each and every week, David specializes in training new and experienced agents on how to successfully sell final expense burial insurance.

Why Using Software for Credit Repair Is So Important to Your Credit Repair Business

If you are considering opening a credit restoration business or have recently embarked on the journey of owning your own business repairing other people’s credit, you need to invest in software for credit repair. The idea of owning your own business is an exciting one. You probably envision more free time while earning a lucrative income. In order to do that, you need all the tools available to you to make your dream of becoming a successful business owner a reality. Don’t make the mistake of trying to do it all alone without the help of technology. We live in a modern world that has afforded us the luxury of being able to do many things at once while maintaining organization.

Increase Profits through Increased Productivity

When you invest in software for credit repair, you will be able to increase your profits by easily managing numerous clients at one time. The more clients you can take on, the more money you will make. You need to be able to keep those client accounts organized so you can easily check the status of the credit restoration. You don’t want to waste time and potentially waste money by sifting through stacks of paperwork or trying to organize outdated spreadsheets. A single person can easily manage numerous clients, which will increase your productivity.

Legal Letter Templates

One of the duties of a credit restoration service is to write letters to creditors and credit agencies in an attempt to remove inaccurate information from a client’s credit report. It is a job that requires you to stay within the parameters of the law while expressing the important of removing the information. This is a trick situation that cannot afford mistakes. A good software for credit repair will include letter templates that make writing letters for your clients a breeze. Because there is no one-size-fits-all solution to every credit problem, you need a program that offers you plenty of options that will best suit your client’s unique situation.

Training

Not everybody was born with an aptitude for all things technological. However, you can still be a successful entrepreneur and use a software for credit repair. You will need a little training, which is provided with this software. The training will ensure you know how to use each of the features as well as understand the ins and outs of credit restoration. You need a credit restoration program that is user-friendly and doesn’t have a huge learning curve. You don’t have time to spend hours trying to figure out the various functions of your new software.

Client Portal

As your business grows, the number of clients that are calling and emailing you will increase. This can take up a great deal of your time that could be used to take care of your credit repair duties. One of the best tools you have at your disposal is the client portal which allows clients to check the status of their credit repair. This will cut down on the number of calls you are fielding and then being forced to look up each client and verbally explain what is happening with their credit report. Time is money! You can save time and make more money by using a software for credit repair that takes care of this important part of your business. You won’t have to worry about checking an existing client’s credit report and can focus your time and energy on attracting new clients.

Credit repair is an excellent business opportunity. You too can get in on a business that will never run out of clients. Do yourself a favor and invest in a software for credit repair to make your business successful.

Filling Up With The Wrong Fuel – A Customer Experience

October 17th 2014 – Accidentally putting petrol in my VW Passat instead of Diesel

The following is my tale of woe about my wrong fuel experience. Please don’t make the same mistakes that I made and save yourself the hassle.

On the Friday morning in question, I was driving my 6 month old VW Passat to work in Worcester as usual. The car is a B7 model 2 litre turbo diesel, not as good to drive as my previous VW Passat which was the B5.5 2 litre petrol model but not a bad car either. I had only had the car for 3 days and I picked it up with about a third of a tank of fuel in it on the previous Tuesday. I was sitting in the crawling traffic going into the town centre when the low fuel warning light lit up with a ping. I could easily have made it to work and back home on the remaining fuel but as there was a fuel station on my route into work and I was early anyway, I thought I would stop off and fill up with diesel before the weekend as I had a lot of running around to do on Saturday with the kids.

I pulled up at the pump and I remember running through the day’s tasks in my head so I wasn’t really concentrating on putting in the fuel, I was just doing that on autopilot. I filled the tank right up and then went to the kiosk to pay. I got back into the car and started the engine. It sounded rough which worried me and as I drove to the exit the engine stalled altogether. It then dawned on me what I had just done. I’d filled up with the wrong fuel. I’d had my previous car for 10 years and had got so used to filling up with unleaded petrol that I had just done what I was used to doing. I’m sure I probably turned as pale as a ghost and I just had an almost overwhelming feeling of panic because I was sure that I had just ruined a £14,000 car. To make matters worse I was blocking the station exit and there was a line of motorists behind me waiting to leave the station. I had to sheepishly explain to the chap behind me what I had done and I asked him if he would help me push the car out off to one side. He refused and told me to get it moved. Nice. The young lady in the next car, however, did volunteer to help and together we managed to move the car with her steering and me pushing on my own.

Wrong Fuel Removal – The Wrong Approach

The forecourt staff were sympathetic but I could tell this was a hassle for them too, one of them handed me a card that someone had left on the desk from a firm of wrong fuel removal engineers. I didn’t realise that the industry even existed until I saw the card, I did think that I should call my breakdown assistance firm and ask their advice first and they explained that they could have someone out to me in an hour and a half and that if they could remove the fuel from the car then it would cost me £250. I didn’t fancy sitting around for that long and I thought the cost was a bit steep so I called the firm on the card I had been given and spoke to a bored sounding lady who said they could have someone with me in about 30 minutes as there was a van in the area and that the cost would be £150. Whilst I waited I used my smartphone to search for “wrong fuel Worcester” to see what came up on Google. I found quite a few other companies offering the wrong fuel removal service but I couldn’t find the company named on the card who I had just called. I decided to sit tight and see what happened anyway.

About 45 minutes later a scruffy, dented Ford Transit pulled up next to me and door opened and clattered into the driver’s door on my car, my mood wasn’t good as it was and I got out of the car to confront this individual who had gone around to the back of the van. Thankfully, there was no damage to my car as the van had a plastic protector on its door. The van driver then appeared and announced that he was here to do the fuel drain. He was dressed in a paint covered overall and had paint all over his face and head. Quite obviously, he had just been painting. I followed him to the back of the van where he had an array of large 5 gallon plastic containers, a length of rubber hose and some sort of electric pump contraption. The equipment looked like it had just been thrown in to the back of the van along with various bits of rubbish and paper towels and the smell of petrol coming from the back of the van made my eyes water. I began to feel the panic rising again and had visions of a huge explosion occurring with me in the middle of it. When the “engineer” started to attempt to feed rubber hose down into my new car’s fuel tank (with no care being taken of the car bodywork which was now filthy all around the fuel tank aperture) something told me that this just wasn’t right and was probably downright dangerous. My sense of duty towards my fellow motorists on the forecourt kicked in and I asked him to stop what he was doing. I explained that I thought what he was doing was putting everyone at risk and he became somewhat aggressive and began to demand payment for wasted time. I had no intention of giving this chap my credit card and so I locked the car and told him I was going to speak to the police which, unsurprisingly, changed his attitude. As I walked off towards the kiosk I looked behind me to see him hurriedly packing the hose and container back into his van which then sped off in a cloud of smoke.

The Wrong Fuel – The Right Approach

It was more than an hour since I had put the wrong fuel in my car by this time, so I called work to keep them updated and then looked at my smartphone search page again for another wrong fuel removal company. The company that came top for the search “wrong fuel Worcester” had a great website, tailored for mobile display and had images showing uniformed engineers with well-maintained vans and also, many positive customer comments. I called the number and explained my predicament to a kind and sympathetic operator who assured me that an engineer was close and would be with me very quickly. My previous experience had left me a little suspicious and so I questioned her about the company, their engineers and their vehicles and she explained clearly to me about the procedure and the professionalism with which their representatives conducted themselves. This was good enough for me and 20 minutes later a smart looking van with company livery pulled up next to me on the forecourt and a uniformed engineer with a big smile on his face, got out.

He was a real breath of fresh air after the last chap. He was kind and courteous and spent a couple of minutes talking me through the process of removing the wrong fuel from my vehicle, explaining what the sparklingly clean equipment in his van did and roughly how long this would take. He explained about the cost involved and made sure that I was comfortable with this before going ahead. As he put protective padding onto my car around the fuel tank aperture, which he cleaned up beforehand, the engineer explained about the SPA passport that he held and he also gave me his Environmental Agency paperwork which allowed him to handle and transport dangerous chemicals, legally. This information and the engineer’s general attitude and consideration put my mind at ease and filled me with confidence that, this time, I had done the right thing.

I also discussed my fears about the damage done to the vehicle engine when the wrong fuel is introduced to the system and he supplied me with the following information which put my mind at ease on that front. Firstly, it is very rare that damage occurs to the engine of fuel system of a diesel vehicle when petrol is added. Only in circumstances where common sense is not applied, is there a risk of long term damage. Petrol is a solvent and doesn’t have the lubricating qualities of diesel fuel, therefore, if any amount of petrol is introduced to the system and is allowed to remain in the system then there is potentially a risk that, where there is metal to metal contact of components within the fuel system and the normal lubrication is compromised, excessive wear of those components can occur leading to failure in extreme circumstances. Also, the seals within the system can be affected by the solvent properties of the petrol which may lead to damage. There is a myth that it is OK to top up with diesel fuel if you’ve only added a little petrol to the tank, and to continue driving. This will lead to fuel system damage as described previously resulting in potentially expensive repairs being required. The most sensible and cost effective action is to get the fuel system completely drained and flushed through with fresh diesel to remove all traces of unleaded petrol.

This is just what the engineer did to my VW Passat and within 25 minutes I was ready to go. I was very impressed with the second wrong fuel removal company that I called out, they were prompt, efficient and the customer service and general attitude were brilliant, unlike the first company. The engineer explained to me about the problem existing within the industry whereby various “cowboy” companies had been set up and were being run by inexperienced and unlicensed individuals who were taking advantage of motorist’s vulnerable positions when they had put in the wrong fuel. Many people were being intimidated into paying up front for a fuel drain that was then performed by dangerously ill equipped individuals with no regard to the customer’s safety or the safety of others in the locality. He told me of many cases where he had been called out to jobs that he had to rectify after the “cowboy” wrong fuel company had done an incomplete job and had still made off with the money. It seems that I had had a lucky escape.

Once the fuel drain and fuel system flush was completed, the engineer started my car and it ticked over as if nothing had happened. I paid him with a credit card and thanked him for his assistance, in just 45 minutes he had come out to me and carried out a professional service with which I was very happy.

The Conclusion To The Wrong Fuel Situation

It’s fair to say that I learned a few things on that day when I put in the wrong fuel. Hopefully, someone else in the same predicament may come across this article before taking action and avoid some of the potential pitfalls. In summary, this would be my advice:

Pay attention to which fuel nozzle you pick up on the forecourt (this one goes without saying!)
If you have put in the wrong fuel, let the forecourt staff know, so that they can help you move your vehicle, if necessary.
Once you have told the staff or if you have left the forecourt, do some quick smartphone internet research and choose a wrong fuel recovery company with good customer feedback and a good informative website that shows a well organised and professional outfit.
If you don’t trust the engineer that arrives or you feel there is anything amiss with his/her conduct, don’t be afraid to speak up and, if necessary, turn them away from the job. Your safety is paramount and your vehicle was probably expensive. Don’t take a risk either way.
Don’t pay up front. Make sure you’re happy with the cost and the work involved. A good engineer will be courteous and will check with you beforehand anyway.

Flood Insurance – Protecting Your Home From Flash Floods

7 Quick Facts About Flood Damage and How to Better Protect Your Home and Business.

The massive flood damage around the Birmingham metro area on April 7th, 2014 caught many residence by surprise. Based on the national Weather Service, more than 7 inches of rain was measured in Vestavia Hills, while other locations in the area reported 5 – 6 inches of rain.

The National Flood Insurance Plane (NFIP) was created by the U.S Government to help with the high cost of flood related losses of both buildings and property.

Seven Important Facts About Flood Insurance:

1. No one is safe. – People outside of high-risk areas file nearly 25% of National Flood Insurance claims. In high-risk areas, there is at least a 1 in 4 chance of flooding during a 30-year mortgage. Poor drainage systems, rapid accumulation of rainfall, and broken water mains can all result in flood. Properties on a hillside can be damaged by mudflow, a covered peril under the Standard Flood Insurance Policy.

2. I have Homeowner’s/Renters Insurance policy. – Flood damage is not typically a covered peril by most homeowners/Renters insurance policies sold in the U.S.

3. Can I purchase Flood Policy in Birmingham? – If you live in a community that participates in the NFIP, you can get flood Insurance. Birmingham, Hoover, Vestavia, Homewood, Mountain Brook, Alabaster, Chelsea and many more municipalities are participating in the NFIP.

4. How much coverage is allowed by the NFIP? – Residential homes structure limit is $250,000, and content is limited to $100,000. Business Structure limit is $500,000 and $500,000 limit for business content. Renters Contents limit is $100,000.

5. Does flood insurance cover flood damage caused by storms, rivers, or tidal waters?

Yes, provided that, if confined to your property, the flood water covers at least two acres. A general condition of flood also exists if two properties are affected, one of which is yours.

6. What are Flood Zones? – Flood zones are land areas identified by the FEMA. Each flood zone describes that land area in terms of its risk of flooding. Everyone lives in a flood zone-it’s just a question of whether you live in a low, moderate, or high risk area.

7. What is covered in my basement? – Flood insurance covers your home’s foundation elements and equipment that’s necessary to support the structure (i.e. HVAC, Water Heater, Etc.). Flood Policy does not cover basement improvements, such as finished walls, floors, ceilings or personal belongings that may be kept in a basement.