As we get closer to the end of the year and your business is looking for tax savings, remember that certain insurance premiums are tax deductible as a business expense. I have posted an article on that issue that explains the most common premium deductions.
It is often worthwhile, especially if you are a small business on a cash accounting system, to review those liability policies that have renewal dates close to the new year. For example, a professional liability policy may have a six-month premium of $1000 due on February 1, 2010. Read the rest of this entry »
Christie’s has launched an insurance services business for clients based in the UK and European customers serviced from London.
The world-famous art dealer says it can offer a unique service for the sophisticated collector, in partnership with Heath Lambert and Chubb Insurance.
The trio aim to provide private clients with “bespoke, seamless insurance, that encompasses not only art but all personal insurance needs, including homes, cars, jewellery as well as travel, legal expenses and personal liability”. Read the rest of this entry »
So. You’ve been in an accident. Hey, it happens to almost all of us sooner or later. All it takes is a second or two of inattention, and the next thing you know your car’s totaled and you’re standing there thinking horrible thoughts about what this is going to do to your car insurance rates. Before you panic and decide to devote yourself to hoofing it for the rest of your life, take some time to talk to your insurance agent about accident forgiveness.
It happens all the time – a driver with an otherwise flawless driving record happens to be in the wrong place at the wrong time in the middle of the wrong conditions, and the next thing you know you’re staring at a fender bender the likes of which you’ve never seen before-or the scrunched remains of what used to be your car. Read the rest of this entry »
Posted by admin | Posted in Uncategorized | Posted on 17-10-2009
Like any industry, the life insurance business has a few bad apples. Many unscrupulous life insurance agents or brokers will attempt to convince you to cancel your existing policies and replace them, merely to pad their wallets with a commission cheque. Before replacing an existing life insurance policy with a new one, ask yourself six questions:
- Are the two forms of coverage truly comparable? Permanent policies have premiums guaranteed to never increase, but the initial premium will likely be higher than the more attractive premium on a new term policy. On the other hand, the term policy premium will increase on renewal as you get older. Read the rest of this entry »
Would your small business continue to thrive without “that guy”? You know, “that guy.” The employee who is the first one in, last one out, can seal any deal, always smiles on Mondays and makes the best pot of coffee in the morning. While your business might suffer if “that guy” were to pass away, there is a way for you to financially protect yourself from the passing of “that guy”- key person life insurance.
Key person life insurance is a life insurance policy that business owners can take out on their star employee. The policy can cover the income your company loses after “that guy’s” clients start going over to your competitor. The amount and cost of insurance needed for a particular business depends on the situation and the age, health and role of the key employee. Read the rest of this entry »
As we get closer to the end of the year and your business is looking for tax savings, remember that certain insurance premiums are tax deductible as a business expense. I have posted an article on that issue that explains the most common premium deductions.
