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Necessity for small business health plan

It is surprising that small businesses do not appear to give much importance on small business health plan. It is not the fact that they do not find it valuable, it is simply owing to cost factor. One might have experienced this identical issue with one’s own company. The National Federation of Independent Business informs that monthly payable premiums have become doubled during the last nine years in respect of small businesses. Various small business owners just cannot manage to pay.

In fact, the kind of small business health care plans quotes one can be expecting to obtain will vary based on where one lives, therefore one may be better off than one thinks. Some states are there which will subsidize small health group insurance for businesses. Others will permit groups of various businesses to shape together for getting quality rates on insurance of business health. Some of the states have even it so that proprietors of sole type are able to obtain self employed health insurance plan at group rates. The right thing for one to do is examining the laws of one’s state. One also can get a quote to find what one can anticipate to pay. As one is well conscious, it is extremely important for one to receive health plan coverage for one and the staff that work for one. Employees of healthy type work more effectively helping one to improve one’s bottom line in fruitful manner.

The bill for health care reform is planning to effect some changes for small business insurance health. Many persons are not clear regarding what this relate to them. It will change the norms for owners of small business to buy health insurance and offer it for their staff. One should bear in mind that majority of the changes will not be effective till the year 2014. Till then, one’s employees may require to take into account an individual type of health insurance policy to secure coverage. However, one has to appreciate that the bill for health care will affect one’s small business. There are various provisions based on number of employees one’s business has. By the year 2014, those having exceeding than fifty staff should offer benefits for health insurance. Those having twenty five or less than that staff will eligible to get credit facility in respect of health insurance buying.

By the year 2014 also, those who are owner of small businesses and self employed people of other type will be eligible to receive benefits via Small Business Health Options Programs. This will permit small businesses to pool options for insurance. Within the year 2018, health plans of expensive type will begin a “Cadillac” tax. This will be paid by insurance companies and employers. This also will have an effect for those who are striving to obtain health insurance in respect of pre-existing situations. This goes immediately into effect for the children and for adults in the year 2014. Insurers will have to allow coverage for those having pre existing situations. Premiums may vary as per the different conditions and status of an individual.


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Commercial property insurance – a necessity

Article by Robert Marshall

Commercial property can be home to a number of different business types, each with their own specific requirements, which is why it is important to ensure that your commercial property insurance covers you against any and all eventualities. You may be running a shop, an office or a site, or even be renting your property out to another commercial venture; either way, you need to be protected against any unforeseen circumstances which could leave you out of pocket or even without a property from which to work from.

As a landlord of a commercial property, your main concern is the welfare of the building itself as it is this space which earns you money. It is those bricks and mortar which need to be covered in case the worst happens and structural or cosmetic damage is done to the property, leaving you with the bill and unable to make any money. Subsequently, your commercial property insurance needs to insure your actual property first and foremost.

If a flood, fire, burglary etc forces the tenants of your commercial property to temporarily cease trading; this could mean that they are unable to pay you any rent as a landlord. With the right commercial property insurance, you can ensure that any disruptions to business are financially covered, minimising any disruption to your life.

Your assets within the building will often be items and supplies which allow you to do your job effectively and efficiently, and could include large, expensive machinery which could be costly to repair or replace in the event of an accident or burglary. You must ensure that your commercial property insurance covers your items kept in your property against theft, vandalism and probably most importantly accidental damage.

Extra security features such as alarms could help reduce the risk of a burglary, and a careful, diligent nature could assist in preventing any accidental damage, but there isn’t a lot you can do to protect you property and its assets from a natural disaster or terrorist activity. As unlikely as it sounds, these are very real dangers which could leave your property either in serious need of repair, or needing a complete rebuild, so it is wise to make sure your commercial property insurance covers these.

Another potential risk to your livelihood is legal action being taken against you or your company. Whether there is a dispute between you and a client, or your property turns out to have been built on somebody else’s land, the costs involved with getting legal representation in court could be unnervingly high, and leave you clueless as to where the money will come from. Your commercial property insurance should include legal cover, just for your peace of mind.

Public liability insurance and employer liability insurance should be part of your commercial property insurance as standard. These protect you, the proprietor and employer, against any legal action taken against you as the result of any damage done to a client/employee or their property while in your commercial building. From slips, trips and falls, to contamination from chemicals, anything that could potentially leave you with a lawsuit on your hands needs to be covered, to ensure you are not left out of pocket, or without a business at all.

About the Author

We are based in the U.K. and understand the demands and needs of you, our customers, for all your insurance needs.To explore our range of commercial property insurance packages, please visit our website at http://www.trident-insurance.co.uk/