• June 19, 2021 /  Business and Finance

    What does a personal watercraft (PWC) insurance policy actually cover? This is a good question. Insurance is sometimes a vague and confusing world. Deductibles, co pays and other issues make insuring anything confusing. Hopefully, we can clear up what a common personal watercraft insurance policy will cover.

    A personal watercraft (PWC) policy typically insures you against many common liability losses regardless of whether you operate it yourself or loan it to another person. In situations like these, you may be covered for things like damage to another craft or dock; bodily injury or death to another person due to your negligence; the negligence of another driver while using your watercraft, towed water skiers; wake boarders or knee boarders who are injured while attached to your watercraft; physical damage to the machinery, hull and equipment; an injury to you caused by an uninsured watercraft driver; and even towing assistance if you break down on the water.

    Some things are NOT covered. These are important and you should ensure that you understand that these exclusions can cause you all kinds of headaches if accidents or theft occur. Exclusions to most insurance policies include a watercraft that has been customized to increase speed or performance, operation of a watercraft after dark, and operating a watercraft without a valid drivers license.

    Because insurance needs differ depending on the type of watercraft you own, read the details in your policy to see what is covered and what is specifically excluded. This is something most people dont do and some will pay for this down the road. Dont let it happen to you.

    While the official definition of a personal watercraft (PWC) varies from state to state, there are two common types: a standup and a sit-down. The stand-up type allows for one rider that either stands or kneels on the watercraft, as opposed to sits. Typical brands of stand-up watercrafts include Kawasaki and Yamaha. The sit-down types, which allow the rider to sit or stand, can usually carry 24 people and often have the ability to tow skiers and wake boarders. Sea-Doo and WaveRunner are two common brands of sitdown watercraft.

    The bottom line is to remember to understand your personal watercraft (PWC) policy. If you have any questions or concerns, contact your insurance agent and get clarification. It could save you money in the long run.

    Have fun!

  • June 19, 2021 /  Business and Finance

    The Crown Financial Ministry was founded in 1976 and is dedicated to equipping people around the world to learn, apply and teach Biblical financial principals. David Newby, author of Why Didnt Anyone Teach Me This? has learned these important financial fundamentals and continues teaching and educating individuals on Larry Burketts program for financial freedom.

    These fundamental principals have been taught to more than 50 million people in over 80 nations since Crowns beginning. The Crown Financial Ministry provides a life-transforming message of how to faithfully live by Gods financial principals in all areas of life.

    The Crown Financial Ministry is a Bible-based ministry with recognition of Gods ownership of all things as one of its core values. They also believe in the need to pray about everything and have a desire to serve others with excellence while teaching its principals so that all cultures and generations can easily understand.

    With the current economic conditions, its never been more important to learn about Christian Stewardship and planning for a total money makeover. David Newby combines the fundamental principals of The Crown Financial Ministry with advanced financial techniques that will create financial security for anyone that is searching for a solution and a total money makeover.

    Total spending for an individual or family should not be greater than their total income. If spending is greater, it is necessary to take a strong look at expenses and decrease spending while increasing income. The Crown Financial Ministry provides the direction needed to make changes and secure financial security. David Newby will provide guidance for as long as it takes to make a budget work and walks client through the steps to the security that can be achieved with a total money makeover.

    The Crown Financial Ministry provides free tools on their website and helps build a budget which provides the path to debt elimination. David Newby can provide the tools and guidance to help anyone discover the wealth strategies of the ultra-rich and achieve financial freedom in seven years or less. Dreams can come alive as you discover the keys to creating wealth and implement them in your personal finances.

  • June 18, 2021 /  Business and Finance

    Investment is an important aspect of every financial planning. Individuals and families invest in a variety of programs including real estate, stocks, mutual funds, precious metals and commodities. The amount of money you invest and the returns you receive can depend on a variety of factors. The process can be complicated and overwhelming as well. Most investors, therefore, seek the services of a professional brokerage firm for guidance and support. Unlike the past, expert advice is not restricted to certain big cities and commercial centers. You will find several online financial brokerage firms. They offer a variety of services and deal with many different types of investments. Online financial brokerage firms have several advantages:

    They have the financial knowledge and wisdom to offer you the right wisdom. Most companies link you to a personal manager who can guide you through the entire process.
    You can consult with your online financial brokerage firm from the convenience of your home. You can work on your financial planning anytime, although you will be able to trade actively only during regular business hours.
    Online companies are cheaper than their traditional counterparts. The companies save on infrastructure and other expenses. Most online financial brokerage firms will pass on the savings to the consumers.
    You do not require a minimum investment amount. You can begin your financial planning with few hundred dollars and grow from thereon.
    Most firms do not impose any restrictions on minimum trading volume. They may, however, offer special discounts if you have a high volume.
    You can also track international markets and trade there from the convenience of your home.

    There are several online financial brokerage firms. You should take time to choose your vendor carefully. Start with a company that provides comprehensive service. A different company for each type of investment can be confusing. You may find it difficult to track and plan your investments. Make sure the company’s website is available throughout the day. You should be able to email your online financial brokerage anytime of the day. Someone should get back to you within the stipulated time. Check the history of the company to make sure the online financial brokerage firm is reliable. You can talk to family and friends, and read online reviews before choosing a good company.

    Read the terms and conditions carefully to make sure they do not have unrealistic minimum deposits and trade volumes. Do not shy away from asking questions about every aspect of the process before signing up for it. You will avoid unnecessary complications at a later stage. Some companies also offer 3 to 5 percent interest on the money you have in the bank. This money can slowly add up.

    You should take time to choose the right brokerage company. Once you establish the system, things will be easy for you. You can just spend a few minutes each day, and significantly enhance your investments and savings.

  • June 15, 2021 /  Business and Finance

    Here is a short summary of the MSc International Banking and Financial Studies masters degree course offered by the Management School at the University of Southampton to help would-be students to decide whether it is the course for them.

    This International Banking and Financial Studies masters course aims to develop students’ existing skills through advanced study in the areas of banking and finance, with a particular emphasis on the international context in which these activities occur.

    The International Banking and Financial Studies masters programme gives you a coherent theoretical framework for the various subject areas, although the emphasis throughout is on the practical application of financial techniques in the modern financial services environment.

    Southampton Management School has an excellent international reputation for the analytical study of management and business. Studying the MSc International Banking and Financial Studies masters programme will introduce you to new concepts and knowledge, which can make all the difference in the job market.

    At the Management School, all our degrees are taught by research-active academics who are also directly tackling business challenges outside the seminar room and putting theory into practice every day.

    The International Banking and Financial Studies masters degree course is led by Dr. Gerhard Kling, who is a senior lecturer in Finance at the University of Southamptons Management School.

    Gerhard received his PhD in Economics from the University of Tuebingen (Germany) and joined Utrecht University (The Netherlands) as Assistant Professor of Finance and Financial Markets (2004-2006).

    In 2006, he went into the private sector and worked as Practice Specialist in Corporate Finance & Banking (McKinsey & Company, Germany) (2006-2007). Then he returned into academia and joined Bristol Business School (UWE, UK) as Senior Lecturer in Strategy (2007-2009).

    In 2009, Gerhard was promoted to a Principal Lecturer in Strategy and Operations Management (2009-2010). On 1st October 2010 he joined the University of Southampton as a Senior Lecturer in Finance.
    Southampton Management School has an excellent international reputation for the analytical study of management and business. Studying an MSc Management masters degree, or other postgraduate option, will introduce you to new concepts and knowledge, which can make all the difference in the job market.
    All our degrees are taught by research-active academics who are also directly tackling business challenges outside the seminar room and put theory into practice every day.

    To find out more about this International Banking and Financial Studies masters degree go to www.southampton.ac.uk/management

  • June 12, 2021 /  Business and Finance

    Life cover is the financial protection every family needs against the death of a breadwinner while disability insurance and dread disease cover protect against the disability or illnesses of a breadwinner. But did you know that businesses can also insure the life and health of a valuable employee? Read on to find out more about key person insurance.

    Wikipedia defines key person insurance, or keyman insurance, as ‘insurance taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business.’ It goes on to say that ‘an employer may take out a key person insurance policy on the life or health of any employee whose knowledge, work, or overall contribution is considered uniquely valuable to the company.’

    A key person insurance policy could be a life cover policy to protect against the death of a key employee or a disability insurance or dread disease cover policy to protect against the disability or illness of a key employee. It is important to remember that key person insurance will not cover actual losses incurred by the business as a result of the death or illness of an employee but rather pay-out a specified amount as detailed in the insurance policy.

    Employees covered by key person insurance could range from senior sales managers and project managers to directors and board members.

    Consider the following scenarios:

    A company’s sales director falls ill and is off work for three months. For those three months sales figures will likely drop. A dread disease policy in that sales director’s name would cover these losses

    A company’s managing director passes away. A life insurance policy in his/her name will cover the cost of recruiting and training a successor

    A senior project manager falls ill and is off work for two months. A dread disease policy in that person’s name would cover the costs of hiring a temporary project manager for those two months

    A senior sales person is disabled in an accident and is no longer able to work in an office environment. A disability insurance policy in that person’s name would cover lost sales revenue while a replacement is trained

    Key person insurance is about anticipating the worst that could happen in a business and ensuring that you have the necessary financial protection in place. It is about putting measures in place to protect your business, profits and employees against risk. Invest in the protection you need today.

  • June 9, 2021 /  Business and Finance

    Finding the right car insurance deductible doesnt have to be a difficult experience. For those who are unsure what a deductible isa deductible is merely the amount of money that you decide on paying for any damage caused by a car collision. In order to file a claim you must first pay a deductible. What you pay depends on what state you live in; however, the amount can vary anywhere between $100 and $1500, and is dependent on a variety of circumstances and factors.

    One major factor to take into account is risk. If you are seen as a high risk driver, an auto insurance company might require that you pay a higher deductible. Because they dont want to lose money on you, you may end up paying more for a deductible than for the cost of damages to your car, in which case the insurance company would not be responsible for any costs in the event of an accident.

    Some people choose not to have a deductible. However, if you choose to go this route you can expect to receive higher car insurance quotes. On the flip side, paying a high deductible is also unwiseunless you have a great driving record. Even then, its impossible to foresee the future. Some people choose to have a high deductible because it will lower their monthly premiums. If you choose to go this route you should be certain that you have extra money saved away in case you get into an accident.

    When it comes down to it, its about choice. Unless you are seen as a high risk driver, car insurance companies will often let you choose the amount that you want to pay for a deductible. If you pay $500 and you have a great driving history, then you will probably be OK. However, if you have a blemished driving record your insurance company will probably want you to pay more. When choosing a deductible amount, it is important to remember that the lower your deductible, the higher your auto insurance quotes will be.

    As opposed to other kinds of insurance, like health, with every claim you make you are required to pay a deductible. Lets say that you get into 4 accidents every year. If this is the case, then you will have to pay four deductibles. Of course, if you are not filing a claim, you have the choice to not pay a deductible. But this is risky. If you decide to purchase minimal liability insurance and not pay a deductible then you are making yourself vulnerable. If you get into an accident you will be required to pay for all damages out of pocket.

  • June 8, 2021 /  Business and Finance

    Insurance fraud refers to all types of activities committed with wrong intention of fraudulently obtaining payment from insurers. Majority of times, insurers obtain fraudulent claims from people, running into billions of dollars on yearly basis. In the recent few years, health insurance fraud has become severe problem and big challenge in front of different health-care system of United States. The reason for this is that insurance agents involved in health systems of United States are bearing huge cost because of frequent increase in the numbers of fraudulent health and medical claims. Insurance fraud can easily take place in private and in public sectors. Especially, health care programs conducted at public sector level as if for instance Medicaid and Medicare are highly conductive towards different types of fraudulent activities. One of the major reasons for this is that majority of health insurance companies operate on fees for suitable service structure.

    Types of Fraudulent Activities

    Now, let us have a look over different types of fraudulent activities, which will go on in insurance sector. These incorporate

    Upgrading and up coding of different types of insurance services. This implies billing for more amounts as compared to actual or original offered services.

    Insurance claims and billings for all types of treatments, which are not compulsory based on medical advices or suitable medical treatments.

    Medical insurance or health insurance fraud also incorporates scheduling of additional visits for patients.

    After this, medical insurance fraud may even incorporate referring of patients to another doctor or health expert unnecessarily.

    Lastly, fraud in the health and care sector includes billing for different types of services with the objective of accompanying members in the family.

    Solution to Prevention of Fraud

    With the increase in medical insurance fraud in different cities of United States, insurance companies have started installation of RA7 fraud detection system provided by reputable company named Nemesysco Limited.

    -RA7 uses the mechanism of conversational scripts designed carefully to give suitable guidance to agents with the help of expected scenarios. Professionals have custom made all these scenarios for effective implementation of systems by considering type of risk individuals can face and needs of investigation units.-

    Installation of RA7

    Evert project related to RA7 starts by preparation and scheduling of meeting designed to gain knowledge about exclusive needs of organizations. Meeting plays an important role in preparation of suitable ground for combined wok and ways, in which RA7 can fulfill expectations. Just like people are using the common mobile accessories such as Iphone speakers, Bluetooth headsets, keyboards etc, similarly there are many departments who are making the use of RA7.