| |
| |
|
|
|
Terrorism Insurance - What it Costs Small Business
The Terrorism Insurance Act of Nov. 26, 2002. This helps businesses who must have insurance from being denied, which would kill those businesses. Our General Liability Insurance Numbers have jumped about $100-300 depending on the market area. But if you consider that there have been no terrorist attacks since 9-11 this is high. For instance you are 500 times more likely to incur hail damage in Colorado than you are to get car jacked by a terrorist if you are driving a fuel truck. The trucker would probably get out and fill you full of buckshot in 2 seconds anyway rendering the terrorist quite incapacitated and/or dead. And if he had been listening to any country singer on the radio at the time, he would probably keep reloading until he ran out of ammo for his 12 gauge. In CO, NE, SD, ND and WY insurance companies paid out over 2 billion in hail damage in 2002. In my company our franchisees have general liability insurance to wash on properties even if it is just cars. http://www.carwashguys.com and also if we are steam cleaning concrete; http://www.concretewashguys.com so these are serious issues and since the insurance companies cannot deny insurance to any business for International or Domestic Terrorism you have to ask yourself something. Why are insurance companies spreading the risk to all business liability policies if those other businesses are at no risk? For instance, you can assume places like the Sears Towers in IL, Disney World in Orlando and Las Vegas Strip may be potentially viable high risk locations for possible increased costs, however a franchisee in North East Chattanooga, TN who washes cars should hardly have to pay that additional $300 per year? Reality does not warrant it at all. it is not right, it is not fair and our team and all small businesses are being penalized for no reason and in the middle of a slowly recovering economy too. Small Business has taken a hit either way in insurance costs after 9-11. Insurance costs have gone up 30% in the last three years, some is due to excessive lawsuits and too many attorneys and a society which thinks it has the right to be irresponsible, yet 9-11 was a huge turning point and it has been going up ever sense, some say as much as 50% in certain sectors. "Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
MORE RESOURCES:
Google News |
|
|
|
RELATED ARTICLES
10 Tips to Save on Healthcare Insurance Americans shopping for their own healthcare insurance can substantially cut premiums by following 10 simple steps, according to leading insurers.Answer Financial Inc. Mortgage Life Insurance Owning a home is a dream for most of us, although it is an expensive one. The monthly payments usually take up a big slice of our monthly income, and the sudden loss in the event of you or your spouse's early death may leave your survivors unable to make payments. UK Young Driver Motor Insurance - Build Your Own No Claims Bonus or Insure through Your Parents For may young drivers, affording the costs of motor insurance is an issue. With first time insurance costs running to several thousands of pounds in some instances, it is no wonder that younger motorits are looking for ways to keep premiums down. Finding Term Life Insurance Online What exactly is Term Life Insurance?Term life is a form of life insurance where you're covered for a number of years - the number of years is called the term. Term life insurance policies can be for as long as 30 years or for 20 years, 15, 10 or 5. Cut Business Insurance in 8 ways 1. Comply with recommendations from company engineers and loss control. Internet Insurance Leads It is a fact that more and more people everyday use the Internet to get insurance coverage. The number of online customers is massive compared to "traditional" business, and it is increasing day after day. Tips On How To Save When Buying Car Insurance If you want to save money when you purchase your car insurance here are a few ways that can help you as you search for auto insurance.First thing you can do is comparison shop. Senior Health Care Insurance Health Insurance For Seniors On The NetWhen a good friend of mine inquired where he could obtain information about medical insurance for his out-of-state, elderly mother, I told him to try the Internet.He reported back to me about a week later, in desperation: "I am giving up, I am too confused. Inside-Information Regarding Your Motor Vehicle Accident Insurance Claim Here's some "Inside-Info" you must know so you won't be taken advantage of on your motor vehicle accident insurance claim and also: SO YOU CAN COLLECT EVERY DOLLAR THAT'S OWED TO YOU !The following 8 are just "The Tip Of The Iceberg":#1. There are situations where you can collect for your "Lost Wages" even if you were paid by your employer and/or collected "Sick Leave" while unable to work. Inexpensive Life Insurance To Protect What You've Earned Adequate life insurance to cover your income producing ability is a product that is really needed today to give peace of mind. Life insurance was originally conceived to protect a man's family when his death left them without income. Long Term Care and Long Term Care Insurance A person might need long term care (LTC) if he/she cannot perform activities of daily living such as eating, taking shower or getting dressed by him/herself anymore. Certain disease can also make long term care necessary. Give Your Auto Policy a Tune-Up When you originally purchased your auto insurance policy, you purchased a certain type of coverage to meet your needs at that time. Since then you have probably experienced many changes in your life. Whole Life Insurance - Whole Life Insurance Information The original purpose of life insurance was to provide for your family in the case of your death. While this purpose is still the most potent reason to take out a life insurance policy, there are a number of other ways that life insurance can be used to benefit you and your family, even while you are still alive. Health Insurance Options for Entrepreneurs One of the most important benefits employed people enjoy is health insurance coverage. It is also the single most costly expense for self-employed entrepreneurs. Photography Insurance-Insurance for the Photographer Part and parcel of establishing your own photographic business is establishing your own legal entity. This means establishing yourself for taxes. An Introduction to UK Home Insurance Unlike motor cover, home insurance is not a legal requirement in the UK. It is, however, a vital precaution against unforeseen bills caused by incidents such as natural disasters or break-ins. Health Insurance Providers Online - Benefits to Applying Online Health insurance providers are going online to find new customers. As a result, there are more affordable health insurance options for families, the self-employed, and small business owners. Discount Life Insurance Will Give You The Best Protection You Need There is always a chance that there is a better deal somewhere else, no matter what you are buying. That is why you should research and find discount life insurance. California Catering Truck Insurance Catering truck insuranceNot many agents/brokers write catering truck insurance as they don't have a contract with companies that will write that type of coverage. There's a certain type of knowledge needed to write the risk with catering truck insurance properly. Term Life Insurance and Permanent Life Insurance Term insurance and permanent insurance are two basic types of life insurance. Term life insurance is temporary, and it covers only a specific period of time called the relevant term.
|
| home | site map | |
| TaraHOST © 2007 | |
| |
