Long Term Care Insurance for Business
The purpose of taking a small business insurance cover the risks that you and your business cannot afford to take. Evidently, taking business insurance has become extremely important in today’s competitive scenario. Unfortunately, most small business owners do not understand the exact necessity of business insurance and thus, they have to suffer afterwards. Undoubtedly, having affordable insurance policies provide more security and stability to businesses. Let us discuss two important liability insurance terms that may helps you to get the best coverage:
Risk:
No business can get success without taking adequate risks. Risks are challenges that provide suitable opportunities for businesses to stay ahead in the cut-throat competitive world. Hence, risk is viable and an integral part of every entrepreneurial venture. Besides its positive advantage, risk can exceed its boundaries and thus owner may have to suffer badly. To minimize the scope of risk, a small business owner can take different types of business insurance policies that are especially designed to offer a protection cover for aspiring businesses. Companies with special needs can get personalized risk cover for fulfilling their needs.
Assets:
Assets are the important tools that help in generating income and profit for a small business. Anything from equipments, building, tools, manpower, money investment and many more such things constitute the total assets of an entrepreneurial venture. Any harm, breakage or hurdle in the smooth functioning of assets can invite unpleasant situations for a small company. No wonder, companies need to manage and control their assets to derive the desired results.
Business insurance is the most affordable and useful way to protect interests of small owners who nurture the dream of making to the big market. If you too share the dream of flourishing your profit margin and satisfying your customers, taking an insurance policy would be a great deal.
Watch the video related to small business insurance
Long term care insurance pioneer Cameron Truesdell interviewed on “army of experts” available to answer questions.
Help answer the question about small business insurance
Does anyone know any insurance agents, companies, or brokers who deal in small business insurance?Does anyone know any insurance agents, companies, or brokers who deal in small business insurance specifically for automotive repair shop type businesses?
This will be for Illinois, probably Cook County.
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For further information on small business insurance and Business Liability Insurance solutions for UK contractors and professionals please contact directly on 01480 470220 or visit at www.companyinsurance.co.uk
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Posted by American Car Insurance on December 3rd, 2009 filed in business insurance | 9 Comments »
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9 Responses to “Long Term Care Insurance for Business”
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December 3rd, 2009 at 4:01 am
Must have property and casualty, must have workers comp on any w2 employees (they can omit themself from them plan but they are leaving themself wide open). Must have unemployment on w2 ee's.
Life should be in place especially if there is a partner. Other coverage would be optional but in most cases a wise investment in major med and some supplements such as disability.
December 3rd, 2009 at 4:41 am
If your company allows payroll dedution through AFLAC and they have no restrictions on the type policy you purchase, then yes you can use AFLAC for your LTC. You should check with your human resources office, they will be able to tell you. I would compare other benefits before purchasing. Make sure you are not giving up something else to get a 0 waiting period.
December 3rd, 2009 at 12:37 pm
I know this does sound terrible but the best thing you can do is fend for yourself by getting a job around the area that entitles you to those coverages. Survival of the fittest, only way you can get out of the situation is by winning the lottery or marrying someone else.
December 3rd, 2009 at 8:05 pm
This is exactly why the GOP WILL be re-elected in 2010, and the White House in 2012. We need common sense like this.
December 4th, 2009 at 3:59 am
Join the local Rotary International, Lions International, Giants International and The Round Table if you can. All these places attract the top echelon of a city. Ask your wife to join Inner Wheel, etc. In fact join as many clubs, associations or joints where people meet for any reason. You may also join clubs like the laughing club, the flowers loving club, the birds loving clubs, Save the tiger club, Parents and teachers association at the local schools, the morning walkers / joggers club. In fact as I said earlier, wherever people meet for any reason. If u do the above just see after a given period u will keep on getting prospects on the phone seeking your help. Join the local church/ temple too. Join the trade associations too. Best of luck. For furhther guidance email me.
Make an itinerary for a week on how many new prospects yu shall see in a given week, how many followups and how many closings. Die hard to achieve what you may have planned. Make as many cold calls as possible. The referrals are the bloodline for the insurance business. Allways ask for references. Create COI (Center of Influences), persons who will continuously give u list of their friends. Answer to thier needs, do not stick with one company, if a client wants a particular product from a x company get it for him.
December 5th, 2009 at 12:06 am
Follow the link below to find concise summaries of the McCain and Obama Healthcare Plans.
December 5th, 2009 at 5:56 am
In order to sell mutual funds and/or stocks, you need licenses from the NASD. If you want to be able to sell anything – i.e. stocks, managed accounts, wrap accounts, etc. – you'll need your Series 66 and Series 7 licenses. You can go to Kaplan Financial's website to find classes and testing times in your area. The tests and classes can be very expensive though. When I took my Series 66, I studied for about a month and for the Series 7, I studied for about three months.
You do need to have a broker/dealer, however most of them will have an "open architecture" policy that allows you to sell a variety of products. In that manner, It's not like many firms in the insurance industry. Also, many B/D's will pay for at least a part of the testing process.
Even if you want to be an "independent financial planner" as the person above said, you will still need the proper licensing. If you have other questions, feel free to e-mail me. Good luck!
December 5th, 2009 at 11:07 am
Sounds like you need some training in Prospecting.
Your best lead is a Referred Lead from a client, friend, or family member.
Always think business when you are out in the community. Pass out business cards to everyone you come in contact with.
Employee benefits are expensive for an employer, and a lot of companies are cutting back on them. But here's a way to approach a small business owner. I'm sure you know several in your community:
Walk into the business, go to the owner you already know, and say, "Hi, George. Do you have a few minutes? I have an idea about how you can increase your employee benefits at no cost to you. All I need is 10-15 minutes of your valuable time."
"Employee benefits are expensive. I know you'd like to provide as many benefits as possible. Isn't that true? Every business needs to provide good benefits to keep good employees. Don't you agree? In addition to ordinary benefits, you also pay social security, workers compensation, and unemployment insurance."
"So, what's the answer to this this delema? You can provide additional benefits, such as life and disability insurance, at no cost to you. All you do is put me on your staff, but not on your payroll, provide a private place where I can speak with each employee confidentially, and agree to payroll deduct the premiums for the insurance that they choose. You see, you can do something for them that they can't do for themselves by helping them to provide for themselves and their families by allowing them to participate in a weekly payroll deduction program, rather than them having to pay a monthly amount. What they don't see, they don't miss. What do you think? Good idea, huh?"
Over the years, I've sold a lot of payroll deduction cases, and it's a fast way to get your commission account built up.
On top of that, each employee also has friends and family that need your services. There's a source of a lot of referred leads. In Part 1 of a Life Underwriter's Training Course (LUTC), they refer to referred leads as "Acres of Diamonds."
There are Acres of Diamonds out there. All you have to do is mine them.
If you haven't taken the Life Underwriter's Training Courses, I highly recommend them. They have action projects for "homework" to help you in your prospecting, appointment making, sales presentations, closes, and asking for referred leads (Acres of Diamonds).
December 5th, 2009 at 7:12 pm
I have to disagree with the other answers. He is a CPA. Let him do what he does best which is taxes. Don't expect him to sell your products for you. If you are good at what you do you wouldn't want him to. You should train him on a couple of areas that people need to see you about start with 2 or 3 not too many. It should be such that a person asked about X or he noticed Y and that he wants to introduce that person to you. Then he tells you why he made the introduction and you go from there. You're goal should not be for him to sell your products but for him to open the door for you to people you would not have met otherwise. You should be doing the same for him.
On a side note I'm extremely impressed that you can specialize in so many areas. I've never met anyone that can do all of that.