Showing posts with label insurance. Show all posts
Insurance: What the Self-employed Should Know
Self-employment can be
liberating but it does have its downsides. One of these is the lack
of health benefits. Thankfully, the Affordable Care Act allows for
entrepreneurs to acquire NJ health insurance plans much more easily–
here’s what you need to know about it:
Mandatory Health Coverage
One of the most prominent
provisions of the ACA, also commonly called Obamacare, is quite
simple: affordable (and mandatory) health insurance coverage for
every American. This provision gives employers the responsibility of
getting insurance for their workers– all taxpayers should have at
least minimal coverage by this year, otherwise the IRS might end up
penalizing offenders. For this year, the tax penalty will either be
1% of income or $95.00, whichever is greater.
No more Coverage Denial
Insurance providers are no
longer allowed to deny coverage to anyone with a preexisting
condition as part of attaining their primary goal– this is great
news for the self-employed who would otherwise have to pay the IRS
fine. Moreover, you can no longer be charged with higher rates based
on your race or gender, nor can your insurance provider hold your
claim back the moment you get sick. You can also obtain tax credits
from your insurance.
Look for a reliable provider
to gain these benefits. Many New Jersey health insurance providers
will be more than willing to help you get the best coverage you can
afford.
Sunday, November 23, 2014
Posted by Unknown
3 Basic Insurance Needs for Small Business Owners
Insurance is something that
small business owners definitely need, but sifting through the
unfamiliar jargon can make anyone’s head spin. What do you need
coverage for? Here are three, put simply:
Insure the Things You Own
First, you need coverage for
your tangible property. This can be your physical store, the
equipment you have, your inventory, and other things you use to run
your business. In case of unfortunate events where these are damaged,
your insurance can help you recover from the loss.
Insure the People Who
Work for You
When you hire people to work
for your business, you are assuming responsibility for them.
Job-related injuries that may befall them, for example, are one of
the things that need coverage.
Insure Against Unforeseen
Events
You may be the most careful
business owner on the planet, but you can never fully control the
things that happen during your operation. Someone may get injured
inside your business premises, your product can cause unintentional
harm to its users, or someone may sue you for negligence. It’s
always a wise move to be prepared for these scenarios.
These three are just some
considerations you need to think about as you shop for the right
insurance policy. Consulting with a professional insurance agent,
however, is still the best way to understand and determine the right
blend of protection you need as a small business owner.
Monday, November 3, 2014
Posted by Unknown
When Good Employees Go Bad
You may not be the biggest
tech firm in your area, but you do have a talented team working for
you. As you might know, people are your biggest asset since it is
from their minds that innovative technologies and solutions spring
forth.
That being said, are you
prepared for a scenario wherein one of your staff goes rogue and
commits actions that may be detrimental to your bottom line? For
instance, he or she may misappropriate company funds or leak
proprietary software to a competitor firm. Or maybe that person
decides to overbill a client to pocket some extra cash? In all these
cases, you will definitely end up with a major headache, as you’re
left reeling in the aftermath of your employee’s dishonest actions.
Fortunately, you can protect
your company through Fidelity Bonds, a type of insurance specifically
designed to protect employers against the problems caused by errant
workers. If you suffer monetary loss, the insurer will pay out a sum
commensurate to your lost revenues. If a disgruntled client is suing
your company because of an employee’s wrongdoing, your insurance
policy will shoulder the litigations fees.
Indeed, brilliant minds are
the bread and butter of technology companies. At the same time,
though, one cannot be complacent about the problems that a few bad
apples can do to your firm. As such, get Fidelity Bonds now to
protect your small business.
Wednesday, October 15, 2014
Posted by Unknown
