Ever Wondered What a Real Estate Salespersons Career Is Like?

If someone desires a career in real estate, it is the job as a real estate salesperson that comes into everyone’s mind. It is real estate salesperson we all should think of. To discuss what it meant for real estate salesperson, the job of a licensed real estate salesperson includes showing real property such as the house and bridges together the owner and the customer for the respective property.

Did You Know? – 33% of Home Buyers in 2017 Were Millennials!

The specialization of a real estate salesperson should include sounding knowledge in residential or commercial properties.

It is even good to find some salespersons that are even specialized in certain types of real estate fields namely industrial or agricultural.

Continue reading this article if you are really serious about a career in the field of real estate.

A real estate salesperson drum up potential customers to buy, sell or rent the properties. After a thorough negotiation between a buyer and a seller, the salesperson arranges a deal between them. In continuation to this, a real salesperson must be up to date on prices, mortgages, market condition and other information related to the sales, rental of a property such that, if he/she will be able to advise the client on the respective issues.

This is because it is the right of the clients to get help from the salesperson to determine the right price for the sale or rental of their properties. Hence, the salesperson is always expected to keep an eye on property values.

Now, coming to the advertising criteria with a real estate salesperson, advertising through ads, listing services, open houses, and social media are the variety of sources that help to promote the business and acquire more clients.

Luxury Real Estate - Home for Sale
The national median days on market for luxury properties for 2017 was 116 days

The main reason behind this advertising is that it is the general condition of the buyers and renters to see the listed properties before making a decision to purchase or rent.

In addition to this, a salesperson must always be ready to answer the questions of a client concerning local community which include the quality of schools, the amount of crime rate, the quality, and availability of medical facilities along with the shopping and service facilities.

So, to discuss as a summary, it is the salespersons who will present the offer for purchase to the seller or the lease to the landlord. Then, all the negotiation between a buyer and seller or the renter and a landlord will be facilitated by the salesperson.

In addition to this, the preparations for the documents related to a sale or lease, like contracts purchase agreements and deeds will be taken care of by the salesperson.

Though it is the salesperson who involves more in the negotiation between the client and the customer, they must work through a broker. However, a salesperson is likely to consider as a self-employed person where the income can vary greatly because most of the income is driven in the form of sales commissions and not as a salary.

Coming to the average work hours of a salesperson, on an average a real estate salesperson works about 40 hours a week of which most of the times they spend on evening and weekends.

Almost all the salespersons work part time yet 80% will list real estate sales as their only occupation. To stand as a professional, the salesperson must spend significant time networking, accepting community events to get more leads.

In the beginning, a part-time salesperson might receive only a few thousand dollars as a salary in the form of commissions per year whereas, a seasoned sales person with a huge set of listings and contacts may earn hundreds of thousands of dollars in the same year.

To discuss the situation of a real estate salesperson in Texas, a real estate salesperson must be licensed by the state. A licensee must belong to the US or legal resident of US and must be a resident of Texas. A minimum age requirement of 18 is required to become a salesperson with a high school diploma or equivalent and must receive 180 hours of classroom instruction from a well reputed Texas real estate license education provider such as CELI.

The Need for Product Liability Insurance Coverage to Manufacturers

When you are an exclusive owner of an organization, there are a few advantages as well as a few disadvantages. An advantage is that you can manufacture the commodity of your choice while one major disadvantage is that if your product has caused any harm to the buyer, it can proceed as a legal case.

Whether the fault lies at your end or the client did not use the product appropriately, it will be you who will be accused.

With this in mind, you should always jump towards having your products insured in order that you do not face any material loss. The issue of having an appropriate product liability insurance policy should not be overlooked as it can at times save you and your business from a big loss.
Product liability insurance coverage helps to protect businesses from product’s claims relating to the goods; they make or sell.

Types of Claims

Now, these claims can be based on

  1. Design defects (where the issue of concern is that the design of the product in question is inherently safe)
  2. Defective instructions/warnings (where it is believed that the product was insufficiently labeled)
  3. Manufacturing flaws (in which case the plaintiff seeks to prove that some part of the production process created an unsafe defect in the final product).

The damages that are traditionally awarded in successful lawsuits include

  • medical costs,
  • economic damages,
  • and compensatory damages.
  • Some judges can even go further and demand that the defendant (the business) cover the attorneys’ costs and fees of the plaintiff and cough up punitive damages as well.So you see, product’s claims can indeed be very costly.

Retailers and other resellers are sometimes under the erroneous impression that they do not need product liability insurance coverage.
Many times a general liability insurance policy is not enough. Some people in the industry feel that they cannot be held liable simply because they are not manufacturers.
This is usually a costly mistake on their part because, in most places and circumstances, a company can be held liable for damages to a product’s end user if it participated in placing that product on the train of the commodities exchange. This makes distributors and retailers just as liable as manufacturers.
So, anyone who is in the business of manufacturing, distributing, or selling goods or products needs to have product liability insurance coverage to secure them or their organization.

Things to Check While Applying for the Real Estate License

When you apply for a real estate license in the State of Texas, you may have doubts about the background check, fingerprinting, causes of rejection, application fees, authorization date to sit for the exam, the time between scheduling and taking the exam, exam materials, and whether extra time is allotted for the disabled persons. We provide complete details in the following article.

Fingerprinting and Background Check

After submitting the application, the applicant should give fingerprints and consent to a check for any criminal history. If the applicant has been convicted of a serious misdemeanor, he or she may be not eligible for a real estate license.

The real estate act allows a determination of moral character before the person submits any other paperwork to the commission.

The Request for Moral Character Determination form to the commission requires a $50 filing fee. If the applicants have no criminal history or serious misdemeanor, then there is no need to file the form.

Civil judgments, bankruptcy proceedings or criminal convictions may prevent an applicant from obtaining a real estate license.

In addition to criminal convictions, the person must disclose pleas of guilty or no contest to a felony. The disclosure must include whether the time for an appeal has lapsed or conviction or the judgment has been affirmed on appeal, regardless of whether probation or community has been granted following conviction or suspension.

The commission also checks with the FBI and the TxDPS to see if the applicant’s disclosure is genuine. Non-disclosure of a felony or serious misdemeanor may cause a denial of a real estate license.

The commission may issue a provisional moral character determination based on its adopted reasonable guidelines.

The applicant must satisfy the fingerprinting process. The person should approach the DPS and give a complete, legible set of fingerprints. All the prints must be in the FBI’s required format and taken to a location approved by the commission.

The applicant should obtain a FAST Fingerprint Pass from the Texas Real Estate Commission’s website to submit fingerprints. After downloading the FAST Fingerprinting Pass, contact the MorphoTrust USA Enrollment Services for an appointment to give the prints at its nearest location.

There are approximately 140 locations in seven regions of the state. You can contact the local board of realtors for assistance. At the time of taking fingerprints, a fee may be collected by the organization.

Causes of rejection

The application will be rejected if:

  • The fee is paid incorrect or no fee receipt is sent with the form.
  • The applicant is not a citizen of the United States or a lawfully admitted member.
  • The applicant is not 18 years of age or older.
  • The applicant is not a resident of Texas.
  • The applicant should check the norms mentioned in the application form, or the application may be rejected. According to the instructions on the form, the applicant must ensure that:
  • The information is printed in ink or is typewritten.
  • All requested information is provided.
  • All questions have been answered.
  • All the required signatures and signing dates are included.
  • The personal check or money order, or online fee payment is attached.

When processing stops

An application is considered void and subject to no further processing if, the applicant has not:
1) Passed the real estate exam within one year from the date the application was filed.
2) Submitted the required fee within 20 days after the commission has made a written request.
3) Provided fingerprints, requested information, or documentation within one year after the application was filed.

Application fees

The current fees for an inactive sales agent license depend on whether you are submitting it offline or online.

The fee varies depending on how the form is filed and whether the applicant has been fingerprinted earlier for the commission.

The base online cost is $205. If the applicant has been previously fingerprinted, an additional fee of $29.75 is charged.

The base offline cost is $225 because of the added $20 paper-filing fee. Again, if the applicant has been previously fingerprinted, an additional fee of $29.75 is charged.

Authorization to sit for an exam

After the commission has reviewed your application, they may either accept or reject the application. If the education requirements have been met, the commission issues an authorization to sit for the examination.

The commission also provides a link to the Pearson VUE website where the applicant can obtain information about scheduling the exam online or by phone.

The applicant has one year from the time that the application is filed with the commission to pass the exam. Any real estate exam taken before or after this period will not count toward licensing.

The time between scheduling and taking exams

Pearson VUE requires a minimum of 24 hours between scheduling and taking the exam. However, each test center has differing days on which the exam can be scheduled.

For example, most centers reserve one to two days per week for eight hours each day. Some test centers allow three to four times a week. One location in Houston administers the exam five to six days per week. This should be considered by the applicant when scheduling the exam.

Exam materials

The commission provides exam materials for the applicants. To access the information, each candidate should have to provide the following details:

  • Legal name
  • Residential address, email address, and daytime phone numbers
  • TREC-ID# as shown on the eligibility letter received from the commission
  • Name of the examination
  • Preferred examination date and test center

Accommodating disabled applicants

The exam conducting the organization, Pearson VUE offers appropriate test adjustments to individuals with disabilities. They provide facilities like conducting the exam in a separate room, allowing extra test time, and also a reader or recorder for those who suffer from mobile or visional impairments. The request for special test adjustments should be made when scheduling the exam.

The applicant must provide their current residential address, contact number and email address on the application. The applicant must also notify the commission if there is any change in this information while the application is pending.

The applicant must also provide a driver’s license number, current or earlier employment history for the past five years, and a list of criminal offenses like felonies and misdemeanors (except traffic tickets).

The commission also asks for the applicant’s Social Security number, which is kept confidential. All the other information on the application form may be used for public records.

By signing the submitted application form, the applicant authorizes the commission to investigate any information if necessary. They may contact the DPS to verify the applicant’s criminal record. They may also check with the Texas Guaranteed Student Loan Corporation (TGSLC) to see whether a student loan is in default.

According to Texas State law, renewing a license more than once is prohibited if a license holder defaults on a student loan guaranteed by the student loan corporation. So the commission may also check with the Attorney General’s Office concerning unpaid child support. It should be noted that a real estate license could be issued, but not renewed, when the applicant has overdue child-support payments.

Therefore, these are the important points to be considered when approaching a real estate school, verification of education requirements, and application process to the commission.

Here Are Some Great Tips When Shopping for Product Liability Insurance

Product liability insurance belongs to a type of insurance, which does not contain a general structured plan. It is dependent upon the type of business, like some may want to purchase the policy for sports goods or any other popular sort of business, and some may want it for an industrial or a less publicized business.
The companies involved in making goods are in a huge need of insurance as there is a usual practice to sue the firm for manufacturing defects, product imperfection, damages, etc.

There are a lot of points that you need to keep in mind while planning to purchase a product liability insurance policy.

Furthermore, you should be very careful while selecting your insurance firm. Here are some tips that prove to be very helpful in the process of selection of an insurance firm: Have a thorough look at the areas covered by the insurance policy.
Many of the business professionals are not clear about their insurance coverage; it could be a result of an intentional or may be the unintentional lack of explanation by the insurance expert in the haste of selling the policy.

In fact, many of the people confuse the term product liability with general public liability insurance.

It is worthy to note that both the policies are quite different from each other.
Product liability insurance is meant to shield the business owner from any lawsuits resulting from a bad yield; whereas the policy that deals with all kinds of community dealings involved in a business is what we call a public liability insurance policy.
As a matter of fact, both insurance plans are equally important for running a safe business, but most of the time people think that the policies as an alternative to each other. The wiser decision is to choose a product insurance plan that has qualities of both the policies and provides wider coverage.

Have You Been Wondering If the Real Estate Business Is for You or Not?

There is so much information about this industry that it can be confusing where to even start.

If you are considering becoming a real estate agent, this article will give you some insight as to what you should know to get started in this new and exciting career.

You might wonder just what the job involves, what kinds of salary you may expect to make, or you get clients.

A career in real estate means that a lot of things for many people, however here are some key factors that make a career in real estate ideal for you:

  • A very flexible schedule that you manage
  • Entrepreneurial business opportunity
  • The ability to help others
  • An exciting and enjoyable career
  • Easy and not expensive to get started

Wondering If Now Is Really the Best Time to Go into the Real Estate Industry?

The real estate market has historically had its downs and ups, however, there’s never been a better time to get started with a career in real estate.

Ask yourself these questions to determine if real estate is right for you:

  • Have you been eager for a new career?
  • Are you ready to take control of your own future?
  • How hot or cold is the real estate market in my area? Do some research online and at a local real estate agent to see what’s happening in your area.

Did you answer YES to one or more of these questions?

If so, then you’re a great candidate to get started in this career.

Continue reading and we’ll give you all you want to know to get started today!

How Much Income Can I Make as a Real Estate Salesperson?

Just like many other self-employed professions, annual income for realtors can differ wildly.

Factors to consider when determining your income potential include:

  • Your location and the economy
  • If you work full-time or part-time status
  • The brokerage your affiliated with
  • The housing prices and trends in your area

Most real estate professionals have an annual income that ranges from $20,000 to $1 million or more per year!

The role you play in each transaction will differ from client to client and from day to day.

If you love diversity and looking at the big picture, you’ll adore being in the real estate market.

When working with a seller, an agent’s role and skillset might include:

  • Marketing and Branding
  • Photographer and Videographer
  • Professional Stager
  • Property Promoter
  • Market and Property Analysis Expert
  • Social Media Expert
  • Sales Negotiator

When Working with a Buyer, an Agent’s Roles Can Include:

  • Tour Guide & Driver
  • Interior Decorator
  • Construction Advisor
  • Landscape Architect
  • Inspector
  • Negotiator
  • Market Expert

As you can see, the sphere of real estate is encompassed by big life changes such as:

  • Marriages
  • Infants
  • Upsizing
  • Downsizing

As well as some of the most thrilling things about the sector are the constant changes and energy.

Every single day brings new challenges and successes and, through education, we are with you every step along the way.

How to Get Your Real Estate License

Getting your Texas real estate license is not nearly as frightening as you may be imagining.

Follow these guidelines to start down the route to getting licensed as a sales agent:

  • Signup with an approved online real estate school provider
  • Carefully finish the qualifying sales agent pre-licensing course
  • Complete your actual real state course exams
  • Pick a broker to support you through the process
  • Schedule the real estate licensing exam
  • Complete the state application to get your license
  • Once your application is approved, you’re a licensed real estate professional
  • Maintain a schedule for your post-licensing, if needed, and continuing education as your permit comes due for renewal

Hopefully, you now see just how rewarding a career change into the real estate industry can be.

What Is It like Having the Job of a Real Estate Inspector?

If you are interested in working in the real estate industry and you are a technical thinker and enjoy construction, becoming a licensed real estate inspector might be a good job for you to consider.

The job of a real estate inspector is fun, demanding and rewarding as you have to make sure that a property is in good order and that the buyer is purchasing a structure, which is safe.

The report by the inspector upon personal examination gives details about the defects within the structures and thus alerts the prospective buyer about the existing or the potential problems. Continue reading this article to understand more about becoming a real estate inspector.

If you really have a mind that always thinks technically that too in detail, then a career as a real estate inspector suits you very nicely. By a careful and thorough examination of a building, a real estate inspector ensures that the purchase of a building by the buyer is safe.

It is the responsibility of the home inspector to run a detailed report on the structural defects and thus, alert the prospective buyer on any problems.

To dig this deep, the job of an inspector is to carefully explore the electrical and mechanical condition of a building for compliance with state and local building codes along with the general construction practices that are acceptable.

Home Inspection Report
Once the Home Inspector Is Done, They Put Together a Home Inspector Report

In continuation to this, upon finalizing the inspection it is highly recommended and required to run a report to the client concerning the condition of the property with rapid attention to the defects that violate the building codes or which makes the prospective buyer to suffer a problem at present or in the future.

The working scenario of a real estate inspector can be independent or can go with a firm and you normally keep office hours according to the tradition.

To make a point on the terms with the job, this career requires extensive time in the field. Hence, a real estate inspector should be willing to be out of the office most of the time and probably not wearing a suit on the job site.

The profile of the job includes a certain amount of climbing, crawling, squeezing into the places that are dirty and uncomfortable.

Though all this looks like a mess, if you are serious about making the money for comfortable living, this job fits your best.

To elaborate on the salary structure of an inspector, Median yearly salaries for inspectors and Texas are in the range of $40,000 to $50,000.

Coming to the requirements to serve as a real estate inspector, you must be licensed by the state.

To understand the licensure system, Texas has a three-tiered licensure system that progresses from the apprentice inspector to the real estate inspector and to professional inspector.

To become an apprentice inspector, one must be at least 18 years old, a US citizen, and a resident of Texas and pass a background check.

In addition to the above, an inspector must be sponsored by a professional inspector and should perform at least 25 inspections under the direct supervision of a professional inspector and required to be licensed for a minimum of 90 days before proceeding to a real estate inspector.

It is important to make a note that, a professional inspector must also sponsor a real estate inspector.

To be considered as an apprentice inspector, the real estate inspector must also complete 90 classroom hours in fundamental real estate inspection courses and pass an exam.

However, a real estate inspector can perform inspections under the indirect supervision of the professional inspector.

The candidate must complete 12 months of such work and should do a minimum of 175 inspections or beyond those perform as an apprentice.

For the one who is willing to receive a professional inspector designation, a candidate must fulfill all the real estate inspector requirements, and an addition 38 classroom hours of fundamental real estate inspection coursework.

This includes 8 hours of standards of practice on legal issues or ethics and the candidate must pass an exam.

For more information on becoming a real estate inspector or getting licensed as a real estate professional, visit this Texas approved real estate school.  Finally, if your desire is mainly to acquire more technical knowledge by working at dependable hours out of office apart from earning huge amounts through real estate, working as a real estate inspector might be the right career path for you.

A great resource for inspectors, consumers, real estate professionals and the media for information, advice, and resources dedicated to home inspection is offered by American Society of Home Inspectors, ASHI.


Why You Must Have a Sponsoring Broker When You Start to Sell Real Estate

Yes, It is very important to carry your real estate agent license and to obtain it through the proper channels. If you do not, you may be subject to criminal and civil penalties.

It is an offense to act as a real estate sales agent without holding a license from the commission according to the real estate license act.

Let us look at this act in detail.

The real estate license act was made law in 1939 by Texas legislature. According to the act, the Texas real estate commission is in charge of administrating the rules and regulations for getting a real estate sales agent license.

The commission has its own rule-making authority to carry out its mission without anyone intervention.

All these administrative rules can be found in the Act of Texas administrative code.

The administration, rules, regulations, and authorization of real estate licenses are affected by the commission.

The governor appoints nine real estate commissioners to the commission with the advice and consent of the Senate.

To meet the agency’s responsibilities, the commission appoints full-time staff under the vigilance of an executive director.

The primary duty of the staff is to look after the requirements for obtaining, issuing, and renewing licenses for real estate inspectors, timeshares, residential companies, real estate license holders and right-of-way agents.

The real estate sales agent license is issued in three steps by the commission:
In the preliminary step, the applicant should apply to the commission for an inactive real estate license as part of the process of obtaining an active real estate license.

There is no need for a sponsoring broker at this stage. The inactive real estate license holder is not eligible to practice real estate.

In the next step, the inactive real estate sales agent license holder is eligible to practice real estate under the sponsorship of real estate broker.

During this time, the license holder should not accept any compensation or commission for any real estate transaction except through the sponsoring real estate broker.

In the final step, the applicant receives the real estate broker’s license, after actively participating in real estate for four of the five years preceding the application.

The applicant needs 3,600 qualifying experience points and must complete 270 classroom hours in the specific qualifying courses, and 630 classroom hours of related courses acceptable to the commission. Once the applicant completes all the steps then, he/she will be eligible to take the real estate broker’s license test. A four-year college degree is usually enough to satisfy the 630 classroom hours of education.

Therefore, it is very important for a real estate agent to acquire a real estate license to partake in real estate authorization activities. As discussed above, anyone who practices real estate without an authorized active real estate license may face both civil and criminal sanctions.

The civil penalties make the offender liable to the state for no less than the amount received or no more than three times that amount. According to criminal sanctions, the candidate may be punished with a Class A misdemeanor. With subsequent violations, penalties may become more severe.

There are a few Texas online real estate schools like RealEstateLicenseSchool.org, which help applicants in this process, from applying for an inactive real estate license to obtaining a real estate broker’s license.  A school like this is the best route to make sure you are not missing anything and that you have the best chance for success.

Considering a Career Change into the Real Estate Industry?

Maybe you have been considering a career shift for some time, or maybe it is a subject you have not really researched much until now.

If you have considered about a move into the real estate industry and have wondered what is involved in becoming a real estate agent, then you are in the right place.

As for being, a real estate professional can be a very rewarding profession in plenty of ways.

Just about anyone can become a realtor, and it is actually one of the best careers you could consider.

As you already know, the economy always has its own downs and ups, but there has not been a more suitable time to enter the world of real estate.

To get started you need to think about your education. No matter what, you should get the very best real estate education as possible. This will help your future’s success and allow you to control your earnings, and start a thrilling new career a real estate agent.

You will want to do your research about the options for education to obtain your real estate license in Texas.

With a real estate license, you will be armed
with an almost unlimited earning capacity!

Annual earnings for realtors may vary significantly from $40,000/year to over one million dollars per year and is based on things such as the region you are selling in, your work ethic and the economy.

In Texas, the state’s requirements to get your license are set by the Texas Real Estate Commission (TREC). You must first complete a Salesperson qualifying course through an approved education provider or real estate college.

Today getting your real estate salesperson license is very easy. There are participating in learning atmospheres that unite interaction with peers and instructors.

There are also approved online school providers where you will have complete freedom and versatility of your schedule.

After completing all classes, meet the minimum time requirement, and passing training exams, you need to take the exam, which is.

Based on the condition, there can be passed the state examination; you are permitted important to thoroughly investigate before choosing, as precisely why we administer training exams.

You must then pick a real estate broker to help you throughout the procedure. In case you do not meet your game the very first time around in choosing a broker, it is not a deal breaker.

Many realtors have changed passed the state examination, you. It has they will represent you personally, and you will represent them. Once you have things can only be learned through experience accepted, you will be issued your permit.

Earning your permit is the initial step in your quest becoming a realtor, but many things can only be learned through experience.

Comparable to so numerous other trades, it may be extremely beneficial to locate a mentor to assist you to lead a prosperous career.

Who Needs Product Liability Insurance and What Does the Coverage Protect You From?

“Every entrepreneur wants to secure the Business”. Yes! It’s often important to protect a business against claims of damage or injury if you work with clients or customers or in public places. So, as a matter of fact, it is quite needed to introduce the term “Product Liability Insurance.”

What Exactly is Product Liability Insurance?

Product Liability insurance is typically enclosed as a part of a public liability insurance policy. The reason behind its design is to serve the professionals who provide merchandise to their customers or to members of the general public.

What does product liability insurance cover?

Product Liability insurance protects against claims of private injury or property damage caused by merchandise oversubscribed or provided through your business.

It is designed to assist defend your business by guaranteeing that if this happens, you don’t need to pay any legal or court prices.

Product insurance defends the manufacturer within the episode that they realize their company being sued. By means of that of this kind of canopy, the insurance organization takes care of some cash that’s an advantage to someone.

As a result of getting any product responsibility insurance, the producer doesn’t need to be anxious concerning any thrashing which could be connected within the interior of a lawsuit.

Here are the list of common problems a client encounter which ends up in product liability claim includes the products that cause

  • Bodily injury to the client
  • Harm to the property
  • Sickness through food or beverages

So, it is good to come out of the misconception that insurance is the question to be answered by big businesses and not small. If one is responsible to protect their Business from the risk of product liability claims, it is the time to visit a genuine company that offers Product Liability Insurance.

What Is Covered by a Product Liability Insurance Policy?

Product Liability is not an option but it is mandatory these days. In this fast forwarded life, situations are very fragile. So, it is recommended to secure your business with product liability insurance policy than getting worried after a huge loss.

An organization progress not only depends on profits but also with the best insurance policies which help and manage the risks in the time of need. The product liability insurance covers any legal liabilities to third parties arising out of harm or injury due to products sold by a business.

Many organizations are providing the product liability insurance policy for manufacturers, installers, distributors, importers, product sellers in various fields listed below:

  • Medical Equipment and pharmaceutical products
  • Sports and recreational equipment
  • Motorcycle manufacturers
  • Nutraceuticals and Dietary Supplements
  • Beauty and home based business
  • E-Cig manufacturers and distributors
  • Health and fitness
  • Gun and firearms industry
  • And much more

Product liability insurance is designed to help protect your business by ensuring that if any loss happens, you don’t have to pay any unnecessary legal or court costs. So, by insuring your products with liability insurance policy, you can be confident that you are protected against a wide range of scenarios such as:

  • An injury caused by the equipment that you supply
  • Damage caused due to the products that you supply
  • Illness caused by food, medicines or beverages that you supply
  • Risks in work area for the employee while making your products
  • Property damage etc.

So, it is the right time to enroll your business under the product liability insurance policy without a second thought. Sadler & Company, Inc. is an independent insurance agency that specializes in providing product liability insurance to start-ups and small to medium-sized industries.

Safeguard your business with product liability insurance and lead a happy, tension free life.

Who Needs Product Liability Insurance Coverage?

Many business owners are at risk today because their businesses are not under
product liability insurance coverage.

Out of 100%, only 50% people are showing interest in insuring their business and securing it. But, 50% are not giving prominence to insure their business and after getting an unexpected situation they are wasting a lot of time and money paying lawsuits or running around judiciaries to face the situation.

Nowadays there is an increasing number of cases who are claiming product liability
insurance and manufacturers, distributors, sellers are at risk who do not have
product liability Insurance coverage for their business or products and goods.

According to current statistics in America, products
liability claims are raised from 34% in 2014 to 75% in 2018.

The costs of settling a claim are becoming havoc for the business organization. To avoid this mishap, Product Liability Insurance Coverage is a must for any organization that is in the field of goods and exchange trade.

Below is the detail list of organizations in various fields that needs product liability insurance coverage:

  • Product manufactures
  • Product traders by giving their business or brand names
  • Product Importers
  • Product distributors
  • Product sellers
  • Product installers

If you fall in any one of the above categories, we highly recommend you to secure
business through product liability insurance.

Product liability insurance secures your business when the products sold by you cause damage to property or injury to the person due to faulty products, it covers liability for legal fees, compensatory costs and any other costs associated with the case. So, when the unthinkable situation happened to your consumer, you can safeguard your firm from the calamity and also help the consumer, satisfy or meet their need so that you can reassure him or her and regain the trust on your firm.

Why Product Liability Insurance Protection Is Important

If you are a serious business owner who cares about your business, it is good to have an
appropriate knowledge concerning Product Liability Insurance Protection.

It is true that we are living in a world where we need to face serious hardship just because of
simple negligence. In addition to this, there exists a variety of options to file a case, no matter
what the level of damage is.

To discuss in simple, business owners have to hold the blame when any of their products are considered bad by any potential client. If this is the case, the client usually takes the business to the court to get a compensation for using or buying a bad product. Here comes Product Liability Insurance Protection into the picture to protect businesses against potential liability and losses due to claims that might be brought by consumers or even third parties who have suffered directly or indirectly because of malfunction of the product.

If the company that is facing the question has a product liability insurance coverage, the insurance company shall handle the case and shoulder the costs that will be incurred concerning the customer claims.

If the business doesn’t have product liability insurance, they need to lose funds to the
customer claims.

On the other hand, there is every chance of losing potential customers in the future. This hits the business from both sides.

Here it is important to make a point that, the coverage through product liability insurance
doesn’t include all the losses the owner of the business might have suffered because of
owning a malfunctioned products that were supplied to the public. This type of coverage comes into to play only when a claim has been taken to the court.

Also, the companies that involve in supplies only even are not exempted from this. This is
because it is only the supplying firm that knows the firms from which the products have been
brought from. In fact, a corporation is going to be prone to face claims if their business name
is on the merchandise, if they modified, repaired or renovated the merchandise if they foreign the products and if the producing company is out of business.

Having a place of these into thought,  it is important that a business has product liability insurance because it prevents them from losing money in many ways.

How Can a Product Liability Lawsuit Affect Your Business?

If you started a new business or budding entrepreneur and fetching for the
information about Product Liability, terms associated with Product Liability
Lawsuit, you will find all you need in this article.

First, let us learn what is product liability and then, we can understand what situations may lead a consumer to file a lawsuit against your business and its effects on your

Product liability is like a roof protecting the manufacturer, distributor, seller,
and installer while or after trading products.

When the consumer is happy with the products or the service provided then the concerned business will propel.If the consumer or end user receives a faulty product or injured or got sick by using the product then, they will file a lawsuit against the provider.

In recent times, we all read a true incident in the paper that happened for a woman who
used Johnson & Johnson baby powder resulted in a serious health hazard. She filed a lawsuit on Johnson & Johnson Company for not providing safety instructions which resulted in the damage of her health. The woman won the case and the company paid a huge amount for her.

Once it was an esteemed company but after this incident, gradually sales got decreased and people started to purchase another company baby powder.

It is clear that word of mouth is more powerful than a sword. If a lawsuit is filed against your business through word of mouth it spreads rapidly and you may lose your loyal consumers which may show a drastic impact on your business. With a lot of hard work, everyone will take his or her business to a particular and good position but it is very hard to withstand in that position. In simple words, we can say that it may take years to build goodwill but for the downfall
one lawsuit is enough.

So, it is recommended to secure your business with product liability, then, it will stand for your business in the time of risk.

Sadler and Company, Inc specializes in providing product liability insurance for
start-up companies and small to medium-sized industries. They will lead everyone in the right path to get appropriate product liability insurance and also to get out of the peril happened for the firm. With this company, you will get sufficient product liability coverage and can handle the lawsuit with ease.

How Much How Product Liability Coverage Do I Need?

Run your business with peace of mind by insuring your business with PLI. PLI means
Product Liability Insurance. Product Liability Insurance will safeguard all businesses from lawsuits. This insurance covers product related defects for distributors, manufacturers, sellers, installers in all fields.

PLI coverage is very important because the cost of Product Liability Insurance averages 25 cents per $ 100 in retail sales.

If you are thinking about how much product liability coverage that your business requires
then you should keep in mind about the potential size of a compensation claim that
the consumer will file when they got hurt or property was damaged by using your products.

Also, based on the size of your organization, you should choose the product liability coverage.

In some situations, consumers may take advantage of product liability and file the lawsuit to get the new product or cash the situation.

It is recommended to check the entire client contracts to see whether the particular situation is covered in product liability insurance. Always, take the help of product liability insurance companies while going for settling a
claim. Why because the compensation claims are very high and you may lose a huge amount
when you make a move without knowledge in it. It will be hard to handle the case if someone got hurt or property got damaged or lost a resource by using your product.

Working with a trusted partner is the key to success in any organization. Sadler & Company, Inc. is the most renowned company with a lot of experience in this field offers the product liability insurance.

Paul Owens head of the team will guide you and make sure your business is protected against all claims.

Where Can I Get a Product Liability Insurance Quote Online?

It is an idea that is appreciable to get insurance quotes online to find about the
financial plan of the policy without actually buying the policy. Because this can serve as a determiner to find the right policy that fits according to the business type.

However, before actually taking a decision on the policy type, one must be clear about the Insurance Company that is giving a quote. This is because; there exist a lot of insurance companies with a variety of quotes to confuse the customer.

The right company will have the right key to unlock the right quote. On the other hand, it
saves your time and energy if you follow specific tips to find the right insurance

How to choose the right Insurance AGENCY?

  1. Check whether the insurance provider is regulated and authorized to
    insurance business
  2. Check the financial health of the company with the help of rating provided by
    financial health analyzers.
  3. Select a company that provides appropriate coverage according to your need
  4. Check if the insurer is an expert in your area of need.
  5. Compare the Premiums to find a cost-effective policy for your business.
  6. Understand the claim paying process

Not just this, consider all the weighing parameters which you have in your mind to
find the right company for your needs.

Paul Owens, Product Liability Specialist, and professional Industry Blogger lead Sadler & Company, Inc which is an independent insurance agency that specializes in
providing product liability insurance to start-ups, small to medium-sized businesses. This company is licensed in all 50 states currently insures businesses that manufacture, installs, imports, sells and distribute products such as sports equipment, pharmaceuticals, medical devices, children’s products, scooters, dietary supplements, chemicals, trucking and trailer, and nanotechnology products.

What Is the Cost of a Product Liability Insurance Policy?

Product liability: Product liability means a manufacturer, distributor, seller or anyone who trades a product to a consumer is liable to face a lawsuit if they deliver any defective product
or create any damage to property or personal injury using that product.

Product liability insurance policy: The product liability insurance policy is useful for manufacturers, installers, distributors to protect their businesses against legal liabilities.

It covers liability for legal fees, compensatory costs and any other costs associated with the case. In simple terms, we can say that product liability insurance policy helps to protect a
business against legal issues and also covers the expenses involved in the same.


Cost of a Product Liability Insurance Policy: A policy cost varies according to the type of business you possess and the revenue generated by your business per year. In general, those who sell low-risk products can get normal standard coverage which will be around $1000 whereas those who sell high-risk products the insurance coverage is very prominent which will be around $3000 to $25000 premiums based on the risk profile of the products.

On an average cost of product liability insurance for products in a low-risk category is
about $0.25 per each $100 in revenue. For example, if you sell $500,000 worth of
goods each year, your product liability insurance would be $1250 (0.0025 x

For high-risk category, it is suggestible to take the help of insurance brokers who are experts in this field before opting for product liability policy.

Right vendor of Product Liability Insurance Policy: The product liability insurance policy offered by the Sadler & Company, Inc includes all the protection you need for the company.

Paul Owens along with the professional product liability staff provide apt advise, monitor risk management from time to time and also saves your budget and time. Go here now to get a quote for the best insurance and risk management program at the lowest possible cost.


The 5 Secrets of Why Real Estate Agents Absolutely Love Their Career

Ever wonder why real estate salespeople are always so happy and enthusiastic about their work? Let’s look at a few insider secrets as to why realtors love their careers so much.

Secret #1: Real Estate Agents Love Being Their Own Boss

For many individuals, nothing is worse than when a micromanaging boss is over your shoulder every single day.  As a realtor, you don’t have to worry too much about this.

Whenever you choose a real estate career, you are running your very own small business and this makes you your own boss.  While you will likely have a broker, you will have to answer to, the dynamic between broker and an agent is rather different from an employee/employer relationship. You’ll still have someone managing you but for the most part, you will be responsible for your own success.

The best advantage of a career in real estate is the fact that you are your very own boss. You set your very own hours and once to work. You are your very own company working under a broker.

Secret #2: Real Estate Agents Love Earning Their Own Schedule

If you would like to take a two-hour lunch, it is completely up to you or if you would like to carve out some time to make it to your child’s track meet, you can.  This is a huge advantage that realtors love to take advantage of.

Bear in mind that real estate agents do frequently have to work around their customers’ schedules for showings and consultations, and sometimes have to work odd hours.  This is the trade off with having this type of career.

I like having the ability to do my own work schedule and the pliability to travel, and never having to ask boss permission to do so.

Secret #3: Real Estate Agents Love Meeting New People

As a realtor, you get to put your interpersonal skills to work all of the time.  Occasionally it happens at networking events, sometimes at the office, and sometimes over coffee or lunch.

You will work and socialize with business
co-workers, affiliates, partners, and customers.

If you enjoy meeting new individuals, you will adore this aspect of the real estate business.

Every day presents an opportunity to meet someone new.

Secret #4: Realtors Love Doing Something New Every Day

Real estate agents enjoy their work routine as it gives them full control creates endless possibilities. For most realtors, however, doing something new and facing new challenges is a part of the fun of being a real estate professional.

Secret #5: Real Estate Agents Love Controlling Their Career Advancement

As long as you are willing to work hard, you can actually make as much income as you desire. You are in total control of your real estate career.

No managers determine whether you get an increase in earnings or not. No yearly review determines if you will get a promotion. Your determination is the guiding factor in your career advancement.

Real estate does not discriminate. It is going to give everyone a fair chance of unbelievable success, irrespective of age, sex or national origin.

Short-term success in a good real estate economy is available to most, but the route to a livelihood will require that everyone pay the exact same price and learn the same lessons.

If you want to start a new career in real estate as a route to financial freedom, the best place to start is by signing up with an online real estate school where you can begin your pre-licensing course education.

The pliability of your own schedule, and the personal fulfillment of helping other people become homeowners and the almost unlimited income potential are what makes this career so rewarding.

Very few careers can provide this much benefit for a person who is willing to work hard.