When you own your own business, you need to know whether a surety bond really is a good fit for you or not or which types of surety bonds are a good fit. The key question, as all questions ten to do with a small business owner, comes down to what it costs and what it pays. If it fails to pass either one of these tests, it is no good. You will find that there are many small businesses that do not need a surety bond, yet still have them. Others need them desperately, yet don’t have them. Where do you fit in that range? IF you are asking whether you need a surety bond, you are not alone. There is information you deserve to know about them, and whether or not it could really save your company.
The first thing you have to look at is your kind of exposure. If you are not in a clearly definable situation with your normally fulfilled contract work where there is a consistent risk of you either not fulfilling part or all of that contract, or damaging something in the process. This is the ideal situation for a surety bond, and if you do not have that scenario, there is a good chance that a surety bond is not for you.
However, if the reverse is true, you could need a bond. This is where it gets heavy. If you need a surety bond, your exposure could easily exceed 50,000.00. Can you absorb that loss?
Owning your own business can be made even tougher if you don’t have the right surety bond. Keeping your business running is a really hard task in this economy, and you need every tool you can get your hands on. If you have not considered what a surety bond can do for your company, there is information that you deserve to know.
What people that don’t own their own business don’t understand is that you are under constant pressure. You have to perfect products, make sure your delivery of services is on time and correct, all while making sure you make a profit. This is a really heavy burden to bear, but surety bonds can make it just a little lighter. Let me explain how surety bonds work – Surety bonds function to make sure your customers get exactly what they paid for. How great would that feel to know for sure that even if an employee of yours accidentally messed up, your client would still get taken care of? This is what a bond does for you, and there is really nothing else out there that will accomplish the same thing that a surety bond will.
In short, you can’t afford to not look into surety bonds for your company for where you want to get. The right bond gives you security and stability, two crucial assets for any business owner in a tough economy like this one.
You might be surprised to know what the lack of a contractor bond could do to your business. Both in lack of protection against loss caused by any action of your business, and in loss of credibility of your business as it appears to clients. See, clients view your business on a first impression basis. Like it or not, you have only the smallest of time frames to be able to make that first impression. Once a client sees that your business does not have a surety bond, and a contractor bond in particular, you lose a key opportunity to show that you are serious about what you do.
On the other hand, with a simple purchase, you have the ability to show your clients that you are serious not only about your own business but also about protecting their interests as well. See, what you might not be aware of about contractor bonds is the level of protection that is extended to your clients by having a contractor bond on file. Contractor bonds offer protection to your clients in the way that they function. Let’s look a little further.
Contractor bonds work by making sure that if you mess something up in the process of doing business for your clients, that they will still get what they paid for. This happens by you purchasing a bond from a surety bond company, then the bond company paying the customer.
Many businesses dwell under the unfortunate misunderstanding that they do not need high risk surety bonds because they have general liability insurance already. Besides, who wants something called “high risk” anything? This is not good, because the coverage that you get from surety bonds is exactly what you get with a high risk surety bond. Being without it as a business is very dangerous; more or less so depending on the type of business. How does a surety bond work? Let’s take a look, and then see how high risk bonds fit into that picture. Let me explain.
First, surety bonds are security instruments set up for the protection of the client. They are essentially money put on deposit with a surety bond company so that should something occur, your client can be reimbursed for whatever loss has occurred. Let’s say you had a death in the family that caused you to be unable to finish your job to contractual standards. The surety bond would come in and pay the client, hire another contractor or whatever they needed to do. Then you would pay the surety bond company back. This is the life cycle of a surety bond in use. Now, how does a high risk surety bond differ? Let’s look.
In point of fact, there is no difference from the usage side. The “high risk” is only to the surety bond company if you have bad credit.
When you own a cleaning company, you know that you can’t function without a janitorial bond. If you haven’t heard of janitorial bonds, then you don’t know about the protection they offer you. Janitorial bonds are a narrowly defined bond that only works for those people who have employees entering the residence or business of a client and are in the position to be able to steal items from that client’s home or office. This is important, as your main source of liability is just this kind of occurrence. But what if you have bad credit? Won’t bad credit stop you from getting a janitorial bond? This is an important question, let’s look a little more at it.
While it is true that with a standard, by the book surety bond company, you will not be able to get a janitorial bond if you are unfortunate enough to have bad credit, there are some options you have. You should look into high risk janitorial bonds. Bond companies that deal in high risk surety bonds are going to specialize in all types of high risk bonds, not just standard surety bonds. By offering janitorial bonds to you when you have bad credit, they hope to earn your bond business when you are back in the wonderful land of the good credit people. This way, you get more business now, when you need it to help you most.
If you are building or are beginning to build a structure, builder’s risk insurance is recommended. Builder’s risk insurance basically safeguards your property while the structure is being built. Your policy can cover things such as burglary, break-ins, criminal damage, weather damage, and things of the sort. It is best to have the policy start on the day building begins as the policy will normally end when the building is complete. The policy can vary according to location and insurance company. If you live in an ocean area you may want to insist on a windstorm policy or perhaps flooding. Make sure you know your policy inside and out before purchasing it.
There are several options in a builder’s policy. There are many details that can go into each policy but here is a quick overview of what is available.
The single shot policy is a policy that is paid for each building in production. This policy is normally recommended for those who build just a few buildings a year. The monthly rate is more of a reoccurring rate. In this policy the builder pays for the building monthly until the project is done. There is also an annual rate policy which can help builders who will take longer to build. There is also a blanket annual deposit that is applied after building costs are evaluated and looked over.
As was mentioned earlier, it is always important to know your policy inside and out. Make sure you know what is covered, for how long, and the exact costs.
If you are a personal trainer and are thinking about getting personal training liability insurance, there are lots of reasons to do so. However, there might be a couple of benefits you might not have realized, but deserve to know about. I am going to get to two of these benefits, but first let’s talk about what exactly personal trainer insurance is.
Personal trainer insurance is a specialty type of insurnace set up just for personal trainers (go figure!). Covering areas that other insurance products are not as well adapted for, they give you a level of liability protection that you can’t really get anywhere else. Understanding that personal trainers enter into some unique relationships, the insurance is built to protect in multiple venues. Let’s look at those benefits now.
First, you get protection. That may sound redundant, but it is the details that make the difference, like many things. What’s important here is that the actual protection you get is tailored to your actual needs. You are protected whether you go into your own facility, sublease another one, or even go into someone’s house to train them.
Second, you get peace of mind. Knowing that you and your business, not to mention your clients and those around you, are protected means that you have the ability to only focus on your business instead of having to constantly worry about what liability exposures could do to you.
Promoting and trying to sell your products or services on the Internet is called Internet Marketing. Website marketing on the Internet is very simple, but there are a variety of tasks involved in developing a successful small business marketing strategies, it is not just all about putting up banner adds and graphics. Presenting a good quality information to your visitors is what developing an online presence is all about. When you have done this right, your small business will flourish and you can have an enjoyable career. Some other ways of marketing a small business on the internet are through Pay Per Clicks (PPC), Press Releases or Ezine Marketing, Comments Marketing, and Social Website Marketing.
When you are trying to find the right magician to hire for your kids party, you have a lot to think about. Male? Female? Tall? Short? Uses animals? Doesn’t use animals? These are all important, but I believe there are two kinds of new york magicians you want to avoid hiring at all costs for your kids party, regardless of all these other considerations. I’ll explain.
Your first concern when you hire your magician is whether he is serious or not. If your magician is serious about what he does, you will probably get a great magic show. If not, probably not. How do you know if they are serious? Read on.
The first kind of magician you don’t want to hire is a part time magician. This should be obvious, but I continue to be surprised by how many people keep making this basic mistake. If a magician is part time, it is almost certain that they are using it as a hobby. You don’t want a hobbyist, you want a professional magician. Professional magicians are committed.
Second, don’t hire a clown that also does magic. if you do, you are getting a magician that probably can’t sell his services only as a magician. Maybe he isn’t good enough. Maybe he can’t entertain the kids. What ever it is, there is almost no way a professional magician will water down his act by being a clown.
There are lots of tests out there for your organic skin care product. Whether it’s making you look good, feels good on your skin, etc…there are really only two tests that matter. If your organic skin care product does not pass these two, then you are out of luck. You can bet that you are ingesting lots of chemicals and hormones that you had no intention (or idea, for that matter) of doing. IS that what you want from your skin care products? IF not, then you need to think about buying only certified organic skin care products. That’s the only way you will avoid this, even if you buy “organic“. Here’s why.
Your “organic” skin care products have to be able to pass two critical tests. If they don’t they probably aren’t organic. I’ll explain.
First, they should pass the “read it” test. If you can’t readily read the list of your ingredients on the back of your skin care product because there are so many 7 syllable and hyphenated words, then you are dealing with a boatload of chemicals. This is not what you want.
Second, the “eat it” test. Since certified organic skin care products are made up of only organic and all natural ingredients, you can eat them. They may not taste good, but you won’t get sick. Think about that; if your skin care products will make you sick, should you spread them on your skin?