General Contractor Liability Insurance – Must Have Insurance For General Contractors

Generally, it is hard for common contractors to work without general contractor liability insurance.

This type of insurance is designed to protect owners and operators of companies from claims which may generated from a broad sides of source. These sorts of exposures could be about anything, which include liability resulted from accidents from contractual liability, the conduction of the insured parties, products that are manufactured by the insured parties, etc.

The liability you choose, whether it is one or several million dollars, decides the expanse of the insurance.

The following factors decided the rates, including gross receipts, the type of work undertaken, and total payroll cost. It is like car insurance, when it gets to general contractor liability insurance, first you need to make down payments then follow it with installments. Prior to purchasing general contractor liability insurance, for your own best interest, it would better to compare more quotes which are available in the insurance market.

It is the job of general contractor to make certain that the persons working under the insurance are covered by the policy.

For example, an individual who is not a member of the project are injured, the injured individuals’ lawyer could target at almost anyone that involved in one project. The deeper an individual get involved, the more the successful chance of a lawsuit.

The contractor have to make certain that all his subcontractors possess general liability insurance. Only If they possess the necessary insurance exposure, the insurance rate may distinctly reduced. Normally, a subcontractor is not considered as an employee; instead as an independent worker.

Therefore, the contractor will not be liable for the mistakes of his subcontractors.

But, a lawyer may find methods to charge anyone who are working on the project with the mistakes of negligence. So, general contractor liability insurance for everybody becomes imperative.

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3 Major Things to Consider When Deciding What Health Insurance Carrier is Right For Me

These three items are all equally important and are not stated in any sort of order to imply any level of importance. Although the three are stated in very basic generic terms, many people already understand this in their own manner and approach their evaluation of health insurance coverage on an individual or family basis as such. Health insurance is not easy and there are so many different state and federal regulations in addition to carrier specific terms and conditions that undoubtedly if anyone tells you that you do not need the assistance of an experienced licensed insurance agent, they are not helping you. In any case, here are the three main issues to wrestle with on a broad scope:

1 Health Status

Unfortunately, this is something somewhat out of our control, and yet it plays an important role in deciding what carrier to choose. It is important that as part of our strategy to take care of ourselves. Forget just for the sake of health insurance, but for ourselves and our families. Nevertheless, carriers have different criteria for underwriting and thus accepting or rejecting applicants. Certain conditions may be on a rider or excluded and others may be accepted with limitations. In the end what you should definitely avoid is submitting an application to a carrier that rejects you. This will negatively affect you in getting health insurance from another carrier.

2 Financial Situation

This is an important factor since it places a dollar amount in what you can afford with respect to health insurance. The truth is that affordability also plays into our personal value of our health and thus health insurance. As an example there can be two different people that earn the same income, have the same overall basic expenses, and their health insurance premiums are the same, yet one views health insurance as affordable (places a higher value on health) and the other views health insurance as unaffordable (they like to gamble and take too many vacations).

3 Appetite For Risk

Your willingness to take on risk will dictate what types of health insurance plans you need to be assessing. Some people like to share in the risk with the health insurance company by taking out policies with higher deductibles and/or higher co-insurance exposure; others are very adverse to risk. Although we have been led to believe that co-pays are important and exposure to risk is not a sound approach, it is definitely an approach that merits further analysis. A simple comparison between plans with high deductibles or co-insurance to low exposure plans based on monthly premiums will help you decide whether the savings in premium amounts is worth the added risk. For many it should be worth the added risk to get a high deductible policy with lower monthly premiums. The deductible amount you manage yourself, which means that if you were insuring that risk, your health insurance company would not be charging you for the added risk but also for the administration.

In conclusion, all three things are important to address and analyze, but the most important I left for the end. Do yourself a huge favor and speak to an experienced licensed insurance agent; it will not cost you a penny more to purchase a health insurance policy with their assistance.

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Task Force For Insurance

It is very popular to set up a task force for marketing projects, venture capital projects, or most any project anticipated in the future in general. Usually companies have one person designated to handle the insurance procurement. While that might seem very efficient and task oriented it might not be the best approach when it comes to getting insurance proposals. Rarely does one person have all the knowledge, expertise, and education when it comes to securing the insurance coverages that are needed for your company’s risk exposures to loss.

Setting up a task force when searching for insurance proposals can be in your best interest in the long haul. Insurance is one of the few contracts that permeate all areas of small business owners operations. The sales team when selling your products and/or services will typically incur insurance requirements before the transaction can be completed from your vendors and/or clients. Your landlord will almost always require insurance with specific verbiage that will be required in order for you to maintain your lease space. Insurance as a direct effect on your employees whether they are injured on the job or become ill and miss work for extended periods of time. Your accounting department may interface with insurance with regards to Accounts Receivable or Accounts Payable losses or claims. There can also be inventory shortages or embezzlement issues that will also interface with your insurance coverages that you have or have not in place.

So while it is very typical for companies to have an insurance person who handles the insurance coverages and placement it might not be the overall best approach for your firm. The institution of an insurance task force can be a good approach for addressing all of the coverages that your firm might need. Depending upon the size of your firm, it would make sense to have somebody from the sales department, the accounting department, the human resource department, the operational managers, and owner or partner on the insurance task force team.

Getting a clear and comprehensive picture from all departments as to your firm’s insurance needs will be a great benefit when it comes to searching out insurance proposals to meet those needs. Depending upon the type of insurance policies you’re getting, many policies have minimum premiums and are fully earned. This means you cannot easily cancel the policy and get your money back. Therefore it makes sense in the beginning of your insurance search that you’re searching and buying the correct policies to cover the insurance exposures that you have. The risk management tip of the day is to set up an insurance task force if applicable for your organization.

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9 MUST HAVE Insurance Coverages for Every Junior College

Junior colleges are institutions specializing in advanced learning beyond the secondary or high school level. Most are public and act as intermediaries to four-year colleges and universities. Junior colleges are generally funded from state or federal tax programs and additional revenues come from tuition, fees, bookstores and any licensing of miscellaneous goods or apparel bearing the institutional’s name or logo. Every junior college is going to have unique set of programs which would present their own unique set of insurance risks.

The following list are nine must-have insurance coverages for every junior college and transcend the unique exposures the junior college may have in addition to these nine baseline must have coverages.

#1 – Building Exposure

As with all organizations that own building property the most common cause of damage is fire from equipment, machinery or faulty wiring. The severity of a specific junior colleges exposure will vary based on the classes taught, science or automotive related classes that involve fire or blowtorches will obviously have a higher risk, but proper prevention measures should always be in place including fire extinguishers, hardwired heat and smoke detectors as well as emergency evacuation plans.

#2 – Business Income Exposure

Depending on the resulting damage of loss, something large like a fire to a major dormitory can result in significant loss of income due to the refunded tuition fees or dormitory fees based on the loss. Having a proper disaster plan in place as well as having identified prior to a loss temporary facilities and/or suppliers could help minimize the business income exposure.

#3 – Crime Exposure

in most cases with a junior college the major crime exposures are due to employee dishonesty. Duties must be separated and books must be audited both internally and externally. The external audit should be conducted at least on an annual basis, preferably on a quarterly or semiannual basis. Doing proper background checks including criminal history and running credit reports for employees should be performed on anyone handling money. Additionally any service providers with in the institution that handle cash, such as bookstores, should have proper deposit procedures in place.

#4 – Inland Marine Exposure

The major Inland Marine exposure for junior colleges is accounts receivable, computers and valuable papers and records such as student records or library books. A good practice to reduce your exposure to Inland Marine coverages is to make duplicates of all important documents and keep them at an off site location. Fine art such as paintings,sculptures and antiques are also called common on college campuses and should be protected and insured accordingly. Having proper security cameras and security personnel will help prevent a crime related loss.

#5 – Liability Exposure

Due to the age and the number of students on most junior college campuses, business liability is a major exposure for junior colleges. A good way to reduce the business insurance liability for a junior college is to prevent unauthorized access to the campus. Having security guards in place on any entrances to check and make sure that only students, registered visitors and campus staff are coming into the college can help. Security is very important because junior college institutions are charged with the responsibility of the safety of teachers, staff, students and visitors. This is especially true if there is dormitory living as part of cart college campus.

#6 – Personal and Advertising Injury Exposure

Personal and advertising injury insurance exposures include invasion of privacy, unauthorized or intrusive searches, failure to prevent intimidation, humiliation, hazing or bullying by the instructors or other students, false arrest or detention, slander and libel from publishing or broadcasting activities, professor publications, including research and stealing her disputes and/or copyright or patent infringement. Having proper procedures in place in case of incidents is a good way to reduce exposure.

#7 – Abuse and Molestation Exposure

If there are any students under the age of 18 or if the institution has a day care facility then there is a large risk for abuse and molestation claim. It’s important to understand when it comes to an abuse of molestation charge there is never coverage for the abuser. There can be some coverage for the institution where the abuse takes place, but it depends on the policy. There are specialized markets for abuse and molestation insurance coverage which provide a more complete product and are the ideal place to cover this type of risk.

#8 – Professional Liability Exposure

Verification of professional credentials is critical for professors, counselors, nurses or doctors employed by the junior college institution. Educational standards must be in writing and meet all criteria for the state and federal licensing and accreditation. Junior colleges allowing professors to produce research papers can have a significant professional liability exposure.

#9 – Business Auto Liability Exposure

Any junior college with sports teams that regularly transport students to and from games have a large business auto liability exposure. All drivers must have the appropriate license for the type of transports used. Driving records must be checked to make sure that all transportation drivers have proper credentials.

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Insurance and Re-Insurance Exposure to Natural Disasters Considered

There are insurance companies and reinsurance companies. The insurance companies are the folks that have their name on your insurance policy. They aren’t the insurance agent that sells it to you, but rather a big corporation with lots of assets, collecting money from hundreds of thousands if not millions of people, and putting it into a pool, and when one person has a calamity, accident, or situation they can pay it off without having to worry.

The rest of the money is invested in the stock market, emerging markets, and other investments and the insurance company makes lots of money on the increased value of their investments, while keeping a large percentage available in case of the onslaught of massive claims, which sometimes occur due to natural disasters, or other black Swan events.

Now then, the reinsurance companies are gigantic and enormous companies that insure all the insurance companies. You see the insurance companies don’t want to be on the hook for everything, so they take out an insurance policy with the reinsurance company that has even more massive assets. Generally what might happen is the insurance company covers the first so many millions of dollars worth of losses in the event of a natural disaster, and the reinsurance company kicks in after that. There are a few well-known reinsurance companies like Munich, and AIG.

Both of those reinsurance companies were hit extremely hard after the Japanese earthquake and Tsunami. Both recorded net losses for that quarter, and assume that it will take a bite out of their next quarter as all the claims come in and the payouts are made. In the United States perhaps you remember the Alabama tornadoes, or the big tornado that hit Joplin Missouri, or the massive floods from the Mississippi River in 2001. Yes there have been a lot of natural disaster claims and it was a tough first half of the year.

But I wouldn’t worry if I were you because these insurance companies and reinsurance companies have been doing this a long time, and they’ve collected millions and billions, if not trillions of dollars, and they’ve reinvested that money and made even more. They have massive reserves, and the ability to sell corporate bonds to get even more. They are not going out of business anytime soon, that is to say as long as we don’t have an apocalyptic or Armageddon type event. And if we did, and it was the end of the world, there’d be no one to pay out to anyway. Indeed I hope you will please consider all this and think on it.

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Know the Matters and Get the Best Benefits From Automotive Batteries

Automobiles need batteries to get electric energy and for this purpose, automotive batteries were invented. These batteries are rechargeable and small in size, so that they can be set up in automobiles very easily. Especially, it is regarded as an automotive battery. The work of an Starting, Lightning and Ignition is to supply energy to the starter motor for an automobile.

Six galvanic cells are used to make these batteries and they are usually lead acid type. At full charge, an automotive battery provides 12.6 volts. One single Starting, Lightning and Ignition is enough for a small vehicle. But heavy vehicles like highway trucks, tractors etc. that have diesel engines use more than one batteries.These batteries are recyclable, for this reason, they are environment friendly too. And through this process, every year a huge number of batteries are produced. There are usually four types of automotive batteries. They are described below shortly:

• Flooded Cell Type: These types of automotive batteries are inexpensive and working for long time period. But, they require a lot of maintenance and care. But, they can be leaked or spilled at any moment.

• Valve Regulated Lead Acid: They are the alternatives of Flooded Cell type batteries and more expensive than Flooded Cell Type Batteries. These batteries are also known as “sealed” batteries. You cannot repair these batteries and maintain them neither. Hydrometer cannot be used to measure the charge of these batteries and you cannot replenish the electrolyte too. These batteries are maintenance free and are usually used to stay safe from any kind of leakage.

• Shallow Cycle: To start an automobile engine, a large burst of power is needed. And for this purpose, Shallow Cycle batteries are really useful. They can produce a strong power when an engine starts. After that, they are charged by the engine driven charging system. They contain higher specific gravity electrolyte so that the internal resistance can be reduced. Many thin separated plates are used to make these batteries.

• Deep Cycle: These types of batteries are made to provide continuous power for a long period of time. Especially, the small vehicles such as small boats, recreational vehicles, golf cart etc. use these types of batteries. To store energy from wind turbine or photovoltaic array, they are used too.

To use your battery for a long period of time, you have to follow some certain rules. Car batteries that use lead antimony plates may need water regularly. Specialists recommend using distilled water in a particular level. But, nowadays, most of the batteries do not require this watering. Always try to use a charging method that is safe. The most popular charging method is Trickle Charging. Do not over charge your or keep for a long time on charging. This may reduce your product lifetime. And even they can be dangerous.You should also be careful about storage and changing. And such, you can get the best service from these batteries.These processes are also useful for your own safety.

Eastman Industries Ltd. one of the leading auto battery manufacturers in India. Eastman offers a wide range of high quality automotive batteries, Vrla battery manufacturers, inverter and motorcycle batteries of JIS and DIN series.

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Choose the Right Automotive Equipment Distributors – It’s in Your Best Interest!

Do you want your shop to be the one that people turn to when they want the very best auto repair service? Then, you will need to have the very best equipment in the business! It is no secret that car models keep changing every single year and it makes great sense to ensure that you purchase equipments that are up to date.

It is no secret that the internet is filled with different Automotive Equipment Distributors, but only few of these distributors provide all the equipments that you will need at a really pocket friendly price. A good auto equipment distributor will provide world class equipments without charging you an arm or leg.

At a good equipment distributor, you can shop for tools and equipments that are specifically designed to make your auto repair service job a whole lot easier.

A reputable and reliable automotive equipment distributor such as “Automotive Equipment Distributors” provides customers with top quality automotive tools at awesome prices. Customers can even get great deals on great wheel alignment systems such as Hunter wheel alignment system.

The market of auto equipments for both personal and commercial use offers a whole lot of tools and equipments. If you want to add much more advanced tools to your auto workshop or you are just starting out your auto repair service, you will need to do some research on good auto equipment distributor online so that you do not end up purchasing equipments from a distributor with a questionable reputation in the industry. When you log on to the website of reliable and reputable automotive equipment distributors, you will not only get to learn a lot about the different kinds of auto repair equipments, you will also get to learn how to operate these machines safely as well.

Even for just routine checks, every auto shop needs auto equipments such as auto lifts, as a matter of fact, these auto lifts are fast becoming an important part of every auto shop.

You can find the following auto equipments (and more!) at a good equipment distributor:

* Tire changers
* Wheel balancers
* Alignment lifts
* Brake lathes
* Drive tools
* Power tools
* Compressed air systems
* Lighting
* Material handling
* Storage
* Furniture
* Engine hoists and stands etc

Nowadays, many individuals have their own vehicles and in a lot of cases, they choose to maintain their vehicles by themselves – the internet is filled with DIY learning materials! Such individuals can shop for auto equipments (for personal use) at an auto equipment distributor’s website and save tons of cash on their purchase.

The internet is indeed a really great place to shop for and find reliable and reputable automotive equipment distributors that will not only offer top quality auto repair and lift equipment, but also offer un-ignorable prices as well.

You can shop for all your auto repair shop equipment needs on the internet and have all your purchases delivered straight to your door step – in one piece!

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Auto Recycler for Your Damaged Car

Motor vehicles are the most recycled products because of the availability of auto recyclers. Auto recycling entails stripping a vehicle off its reusable parts and then crushing the remaining body. The reusable parts are sold and the crushed portion is recycled by a scrap processor.

Why recycle?

This is done to reduce wastage. Numerous cars are written off as scrap every year. It makes sense to remove the parts that can be used and reuse them. This is not only beneficial for the environment but also makes auto parts available at affordable prices to consumers. In fact, the car manufacturers bear recycling in mind while manufacturing cars. Hence, they provide parts that are long-lasting.

As is apparent, an auto recycler works on the principle of conserving the environment. The three Rs of environment conservation are Reduce, Reuse and Recycle.
Reduce:

This implies using fewer natural resources for conserving the environment. If auto parts are reused, then a lesser quantity needs to be manufactured. If manufacturing reduces then the natural resources used are reduced.

Reuse:

Reusing has a positive impact on the environment. Hence, auto parts that are removed and sold enable reducing the landfill.

Recycle:

Recycling auto parts is the basic function of a recycler. Recycling helps conserve the environment as it reduces landfill and depletion of the environment for creating new parts.

Benefits of auto recyclers:

Good for the earth:

• Recycling is beneficial for the earth because of the following reasons:
• Reduces dangerous toxins from being released into our ground and water.
• It prevents the use of valuable landfill.
• It helps preserve the natural resources as it reduces the need for manufacturing new parts.

Good for your wallet

Recycled parts are available at nearly half the price as the original. Hence you save a good amount by purchasing them.

Good for your vehicle

The recycled parts are original and genuine made as per the original manufacturer’s specifications. In fact, many sellers of recycled parts even provide a warranty for them.

Hence, we see that auto recyclers, recycle End-of-life vehicles and protect water, air, and soil from harmful material contained in them.

So, if you have an end of life car, why sit around with it? Anyway, damaged cars do not have a book value so establishing a price for it will be difficult. Sell it to an auto recycler and earn cash in exchange! You will be doing your bit for the environment as well!

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Economize the Maintenance of Your Car by Using Recycled Parts

Auto recycling is one of the most widespread recycling industries globally. Auto parts are recycled from end-of-life cars. Damaged and old cars have usually have no takers. Hence, instead of just abandoning them, it makes sense to recycle their parts.

How are cars recycled?

• Damaged cars are bought by auto wreckers or recyclers. They are taken to auto recyclers which are large, open spaces for such cars.
• Over here, the car is inspected to check whether it can be repaired and reused or it is a write-off.
• In most cases, the car cannot be reused. Hence, the next step is to recycle it.
• Recycling entails removal of usable parts and their sale. This is followed by disposal of the parts that cannot be reused.
• Most of the parts such as the car stereo, windshield, wipers, mirrors, headlights, taillights, etc. if not damaged are sold in the market.
• Parts such as battery are removed and used to manufacture new batteries.
• Tires are used to make pavement bases for new roads.
• Wheels are removed and sold as metal scrap.
• If the glass is damaged, it is recycled to make porcelain, jewelry, beads, tiles, etc.
• After removal of all the parts and the various oils and fluids. The next step is the disposal of those fluids in a manner so that they do not affect the environment.
• Finally, the metallic portion of the car is left. This is crushed so as to reduce its size and then it is sold to a shredder.
• Most parts of the car are intact and can be reused. Many auto recyclers get the damaged parts restored so that they can be sold.

Every car needs spare parts for maintenance at some stage or the other.

Buying recycled parts is better than buying the original because:

1. These parts are available at nearly half the price of the original.
2. Since they have been removed from original cars, they provide a good fit.
3. These parts are genuine.
4. Many sellers of used parts provide a warranty for their products.
5. Recycling car parts helps in conserving the environment. This is because it reduces the need to manufacture new parts; since most parts are reused, the landfill is reduced; The pollutants are disposed of. By using these parts, you can also contribute towards conservation.

Hence, we see that using recycled car parts is not only beneficial to us but also works for the bigger cause of saving the planet.

Whether you need to buy or sell used car parts, you can do it with the help of Parts Locator, a leading auto parts resource in Australia. To know more visit here.

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Benefits of Recycling a Car

When a car is wrecked or damaged, what do you do with it?

Your options are repairing it and reusing it. Many a time this is not possible. In such cases, you can sell your car to an auto-dismantler. An auto-dismantler recycles the car for repairing other cars, selling used parts, etc.

An auto-dismantler removes all the functional and non-functional parts from a car. It also removes various fluids. The metallic portion that remains is crushed into a small piece and shred into pieces.

Recycling of wrecked cars has become a lucrative business option because the number of users of recycled car parts has increased.

Reasons for users of recycled car parts increasing:

• They are nearly half the price when compared to new parts.
• Manufacturers of car parts make these parts so that they are durable. This ensures that these parts last even after the car reaches its end-of-life.
• Used car parts have a good fit as they have been detached from original vehicles.
• Used car parts market caters to a wide range of cars.
• For cars whose models have been discontinued, the only option to look for spare parts is used car market.
• Vintage cars can find their spares in the used car market.

Besides these benefits, an auto-dismantler benefits the environment also. Imagine if cars were not dismantled and reduced in size, how much of waste we would generate? Cars also contain various hazardous and non-hazardous fluids which can impact the environment adversely.

Let us see what service an auto-dismantler provides to the environment:

1. Recycling of parts:

Various parts are removed from the car. Those that are intact are sold ‘as is’ in the market. Those that can be repaired are restored and sold. Others that cannot be reused as functional parts are used in other applications. This reduces wastage and saves landfill. It also conserves our natural resources by reducing the need to manufacture new parts.

2. Recycling fluids:

A car contains many fluids such as coolant, brake fluid, transmission fluid, etc. Some of these fluids are recycled and can be reused. While some other fluids can be converted into fuels, etc. and reused. This is beneficial to the environment because some of these fluids contain harmful chemicals. If they are released into the earth, they can be detrimental to the health of animals, aquatic creatures, and humans. Some fluids are inflammable and so cannot be released into the environment.

3. Recycling Steel:

Steel is required for a variety of applications. But its manufacture uses up valuable natural resources. Therefore, recycling steel reduces the need to manufacture fresh steel positively impacting the environment.

Hence, we see that dismantling and recycling a car is beneficial in numerous ways.

Recycling auto parts has become very popular in recent times.Parts Locator is a source through which you can buy and sell used car parts. To know more visit here.

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