The Relationship between Credit and Motor Vehicle Dealer Bonds

The auto dealership is a business niche in which a person can make good money. Obviously, one usually has to start from the bottom, but progress can be made quickly if you work hard.

When starting your new venture, there are a number of legal regulations you will need to comply with to get a license to operate. A requirement that can be annoying is the acquisition of motor vehicle dealer bonds. These bonds provide security for the state and consumers in case you are found to be out of compliance with the law or go out of business.

Motor vehicle dealer bonds are easy to get if you have good credit. Depending on your state, they can be obtained for less than $200. That being said, a person with bad credit will not be so fortuitous. One will typically not be rejected when applying, but the rates involved are going to be much higher than if you had good credit. Keep this in mind when preparing your business plan.

Top 3 Mistakes to Avoid When Hiring a Magician for Your Library Program

A lot of librarians commit three common mistakes when hiring a magician for the first time. Even though it is your first time, you can hire the right magician for your library program by learning from these mistakes and avoiding them.

When hiring a professional magician for your library program, do not just get the phone book, open it, call the first number on the list, and hire him. This it first mistake that most librarians commit, which should not be encouraged. Of course, you do not want the children to suffer from poor performance and, at the same time, regret hiring the magician.

Similarly, you should avoid hiring the magician ahead of time, unless you have hired him before or another librarian recommended how good he is. You need to do sufficient research to ensure that all bases are covered. Interview the magician to check how professional he is. Make sure that the magician for your library program is professional. Look for the 3 P’s — punctual, prepared, and precise.

More importantly, make a research before hiring a magician for your library program. Verify with other librarians who already hired him how his performance went and how he interacted with the children during the program. Check with other parents and children who attended the programs. You can also ask the magician for references. If he does not want to give you any information, you should start looking for another magician for your library program.

Hiring a magician for your library program will never be easy, but it will always be worth it when you hired the right one. But when you see the eyes of the little children when the magician starts to pull off his tricks, you will realize that all the effort you spent in looking for the right magician for the library program has paid off.

How to Know the Level of Small Business Insurance Coverage Needed

Every small business has a significant number of risk factors, and even the least of them can cause great havoc on a blooming business. The impact of such havoc is often greater on small businesses and their owners.  One of the most common challenges faced by most business owners, is that of liabilities; they are, if not properly handled, capable of draining one’s business funds, and destroying any good reputation already established. As such, it is of utmost importance that all businesses be well insured against all possible risks to avoid these liabilities.

The question now is, how does one know the level of small business insurance coverage that a business needs?
Apart from the basic and compulsory business insurance covers recommended, there are additional ones that can be added in order to increase your business security and also give you peace of mind.

Providing sincere answers to the under listed questions will help you to know the level of small business insurance coverage that your business needs.

  • Where is the business located?
  • What are the risks involved?
  • Do you have a separate apartment for the business?
  • Are you operating the business from your home?
  • Do you have employees working for you?
  • Does the business involve manufacturing/supplying products, or providing services of any kind?

Providing answers to these questions will make it very easy for you to know the level of small business insurance coverage your business needs.

Builders Are You Wondering Why it’s Important to Have a Risk Insurance?

In the construction business, it is very important to have a risk-management insurance policy. This type of temporary property insurance will protect the builder or contractor if an unfortunate even happens inside the house while it is under construction.

These losses include acts of nature such as:

  • Fire to Property
  • Wind or Lightning Damages from Storms
  • Thefts and vandalism to property

In areas that are prone to flooding or damage from wind addition insurance coverage should be purchased. The policy coverage begins on the day that the material to build the home are brought to the job site.

The construction insurance policy ends when the homeowner moves into the home. Risk management insurance will protect the builder and cut their looses if something happens to a home while under construction. Coverage and policies will vary based on the value of materials and the construction project. Without this property coverage, a commercial builder or independent contractor is setting themselves up for a potential loss of profits and business.

Tips for Choosing Insurance for Trainers and Fitness Instructors

The job of a personal trainer is increasingly getting popular and being sought after. More and more people are recognizing the need to have an individual personal fitness trainer for different reasons. Fitness training has a lot of benefits for health and for looks. As a fitness trainer, you deal with members from the public on a daily basis, hence the need or protection. It does not matter if you are self-employed or employed under a club. For those under a club, most time’s insurance cover is provided by the club while self-employed personal trainers have to acquire an individual professional liability insurance for personal trainers.

Becoming a personal trainer or fitness instructor requires formal fitness trainer training. In addition to that, you should also acquire a personal trainer certification before you can go ahead to offer personal fitness consulting services. It is important to protect your career and learning through Personal trainer and fitness instructor insurance. This should also be done as a mark of responsibility to yourself and the numerous clients you are going to be handling in the nearest future.

The personal trainer and fitness instructor insurance is meant to cover you from breaches of professional duty through negligence, errors or omissions. These can arise from wrong advice, poor judgement in picking exercises and failure to relay relevant information. Clients might be wounded during the course of training, and you too are not injury or risk free. A proper insurance policy will safeguard you and your business and ensure you focus on maximizing fitness training profits.

Technology Liability Risks and Why Consultants Need Insurance

Perhaps the power of technology has affected the world more than anything else and therefore, its importance cannot be over emphasised. This has increased the demand for professionals in different areas of technology. The more modernized the world gets, the more complex their jobs are. The increase in availability and accessibility of technological products and services has resulted in the upsurge of demand for technology-consultants.

With all these developments also comes the increasing wave of litigation and court cases backed by sometimes frivolous charges in a bid to extort money from companies or people. These complaints can, furthermore, rise from dissatisfaction in services. The vulnerability of technology consultants to litigation and financial damages makes technology insurance policy very important. This is to ensure that they are covered from any risks that may arise from any of these.

Technology consultant insurance covers technology consultants from unnecessary risks and liabilities that may arise from financial loss as a result of claims by third party. For example, in a case where a product does not meet client expectation, or it does not function at all; the policy covers the company or individual. The policy also ensures that claims that result from negligence, omission or errors are taken care of. The insurance company bears the costs of litigation as well as that of compensation that may arise from court judgements.

To get a proper technology consultant insurance policy that specifically meets your needs, it is advised that you conduct appropriate research or seek the help of an insurance broker.

Questions You Should Ask When Getting a Product Liability Insurance

Product liability insurance has become one of the most sought-after insurance products in the world, with the new wave of mass production that is being complimented with mass consumption, manufacturing companies are now increasingly exposed to big lawsuits and massive class action cases that may arise when manufactured products hurt consumers in any way thinkable.

Due to the complexities that may arise with product liability claims, businesses are also getting smarter about choosing the right insurance products. Here are few questions that should be asked by any business exec before choosing product liability insurance.

What exactly does product liability protect against?

Product liability insurance will protect you against any liabilities that may arise from the use of the product manufactured by your company. It covers you against compensations awarded when damages arise through the use of your product. It also covers against unforeseen circumstances, which may include product faults (remember the Toyota product recall).

How much premium will I have to pay?

Premiums always vary, it is usually calculated based on the amount of risk exposure, number of employees, the location of your business and the recent history of accidents or similar incidents that might have or have led to law cases. As a business owner or representative you have to make sure that the premium, you will be paying for an insurance product will be commensurate with your financial strength.

How safe are we?

Instead of exposing yourself to high premium rates, you should make sure that your company is following industry safety standards, recruiting experienced workers and procuring best industrial equipment, so that your chances of being liable will be minimal.

Before You Buy a Vehicle in California Make Sure They Have an Auto Dealer Bond!

So you have finally saved up enough money to buy that dream car of yours, well congratulations. It is not easy to come up with such discipline and save money. One thing though, that smile of yours could quickly turn to a huge frown if you do not buy that vehicle from a bonded dealer or in simpler terms, a dealer who has an auto dealer bond.

With an auto dealer bond, you are protected against any form of underhand dealings from the auto dealer in which case the bonding company or the surety as it is more aptly referred to, simply pay you compensation. Even if it’s a recreational vehicle, a trailer or RV you are looking at, it is still advised that you get the vehicle from a bonded dealer. An auto dealer bond is a sort of legal contract or guarantee which protects you the buyer from loss of funds if contractual agreements are not kept to. Bonding companies do a lot of research and scrutiny before accepting anyone and due to this; it is very hard to find a bonded dealer defaulting.

In California and almost every other state, it is a legal requirement for motor vehicle dealers to get an auto dealer bond. In California, motor vehicle dealers are expected to post a $50,000 bond. Dealer’s premiums amount to a small percentage of actual bond; MVD fees differ for motor vehicle dealers depending on longevity, business and personal credit scores, and financial solvency of the dealership.

Why You Should Always Only Choose a Surety Bonded Contractor?

There are more scams that involve contractors than any other home services business.

There are constant reports of contractors that do not finish work, do a poor job, or otherwise defraud unsuspecting consumers. One way to make sure that the contractor you hire is legitimate is by making sure that they have a surety bond.

Surety bonds are a type of insurance that business can try to purchase. It protects the consumer from unfinished or undelivered products or services.

Without a surety bond, these contractors can leave a job uncompleted, and the consumer left holding the bag. If the company has a surety bond, then the consumer can make a claim for compensation.

What Is the Need for Tech Insurance Policy in a Related Business?

Technology improvement is not anymore surprising; it is, however, quite amazing, exciting and alarming. It is worrisome due to a number of reasons. Huge advancement in the software production has changed our lives as never before. Software is affecting every single sector of business. It is not wrong to say that technology has become the base for every activity in business and therefore, if the concerned technology fails, whole business is affected. And the responsibility comes to manufacturers of those technological products.

Tech-insurance policy can be very helpful to the professionals in this field, e.g. software engineers. If a technology fails to operate efficiently, client directly makes the product’s manufacturer stand responsible, and it is a very bad situation for a business with good repute.

These risks are inherent to such businesses; every software house is exposed to a number of such risks and to tackle with these risks insurance companies have provided a specialized solution in the form of tech insurance policy. Different software houses and internet-based businesses have adopted this insurance policy and are enjoying the privileges that are offered by these insurance policies.

If your client is offended by any of your products, or you have posted an unauthorized info on the internet unknowingly, then you can counter to claim any claims, from an insurance company, that are made against you by such a client.