Author: Forrest Monnier

Is Captive Insurance Right for Your Company?

Controlling the cost of your risk management is one of the best ways to reduce your overhead, but how can you control the cost of your insurance? The answer is captive insurance ownership. Captive insurers are owned wholly by the companies they insure, so they work for you. The best part? You don’t necessarily need to be able to afford to spin out your own insurance company to participate. There are plenty of ways to build a captive insurer cost-effectively.

How Does Captive Insurance Work?

There’s a whole captive insurance industry designed around facilitating your ability to participate in this innovative approach to business insurance. They help with the administration of your new business. The result is an easy to manage approach to a product that gives you a superior level of control over your business.

What Material Benefits Does Captive Insurance Bring?

It’s not just about more control over your risk management. When you use a captive insurer, you have the power to insure your business against risk where outside insurers don’t have a model for coverage. Even when that’s not the case, there are often significant tax savings to the use of captive insurance, and the structure of the subsidiary company means you’re not self-insuring, because the captive company is a separate entity. This also means your subsidiary does not necessarily have to be based in the same state or country as its parent company, providing you with more options to manage your tax obligations.

Learn More About Captive Insurance

The best way to learn more about this topic is to talk to an insurance company that works to help set businesses like yours up with their own captive insurers. They’ll be able to talk about how this kind of company fits your existing business model, as well as what material savings you can expect based on how your current insurance solution compares.

A simplified process on investing in best SIP plans online

Introduction

The abbreviation SIP stands for Systematic Investment Plan. This means that several investors get together and contribute to a mutual fund by depositing their respective amounts in a regular, systematic manner. This frequency can be weekly, monthly, or quarterly.  In order that you get very good returns from your mutual fund, it is essential that you do due diligence in finding out the right mutual fund and also contribute your share regularly. This article will guide you to invest in your SIP plan online. But why invest in a mutual fund online? Because data suggests that more and more number are discarding the old traditional route of filling forms and adopting the internet for their investment decisions.

Investing in best SIP plans online

  1. Identify your objective- Firstly, identify the reason behind your SIP investment decision. Do you want to accumulate enough money to fund your child’s education, or arrange funds for your daughter’s marriage? Are you considering buying a house? Once you have identified the objective, do some rough calculations and arrive at a ballpark figure for the funds needed.
  2. Becoming KYC compliant- It is necessary to supply one’s personal details online while applying for a mutual fund online. KYC means ‘Know Your Customer’ and every mutual fund would insist that you supply your details to it. These are your name, address, date of birth, Permanent Account Number, and documents that verify these details. You need to self-attest those documents and upload them on the portal of the mutual fund company. You may be visited upon by a representative of the company to ascertain your information.

You can also furnish your details by giving your Aadhar Card number to the website. By doing so, you will get a One Time Password on your mobile. Write that number in the required field on the form and you are done. Please note that giving Aadhar details is not mandatory.

Another thing that is important to be noted is that once you have submitted your KYC details online, you don’t have to repeat that process. Submit your details on Karvy, CAMS and a few other eKYC portals.

  1. Identify and then invest- Once you have submitted your details, the next step is to identify those mutual funds that fulfil your objectives. An important part of this activity is to discover your risk appetite. This means finding the level of your potential losses. It doesn’t mean that you will necessarily lose in the fund you chose; all we are saying is that there might be some losses in your investments and you should be prepared for them.

Once you have identified your best SIP plan, the next step is to start investing in it. If you can afford paying your contribution on a regular basis, then it is time you opted for that plan.

  1. How to buy mutual fund online? You can buy your SIP plan either directly or through a mutual fund advisor. Both of them have their own benefits.

In the …

3 Reasons To Install Commercial Fencing

If you’re like most business owners, you’ve put countless hours into making sure the inside of your commercial property is clean, inviting, and ready to make the best impression on your clients. Have you done the same for the exterior portion of your property? Your company’s parking lot, landscaping, and even fencing make the first impression on current and potential clients. Check out these reasons to hire fencing contractors Columbus Ohio.

1. Fencing Adds to the Appearance

First impressions are everything. Depending on the type of business you own, ornamental fencing can add to the aesthetic appeal of your commercial property. Perhaps you own a law firm, medical practice, or even an upscale bed and breakfast. Wrought iron fencing with ornamental elements adds an air of prestige to your property that you just wouldn’t get with a basic chainlink fence. Are you on a budget? Aluminum fencing can lend to the same professional appearance at a fraction of the cost.

2. Fencing Creates More Security

Industrial complexes are prime real estate targets for several types of trespassers. Sometimes, unscrupulous people find their way into industrial complexes to steal copper and other recyclable parts for money. Other times, teenagers use the areas for skating, biking, or just hanging out, which can leave you on the hook if someone gets hurt on the property. Adding tall, locking fences to your property makes it much harder for people to trespass and leave you on the hook for any big expenses they create.

3. Fencing Makes Your Space Safer

Sometimes, commercial fencing is necessary for safety and may even be required by law. Maybe you own a hotel, recreation center, or another type of business that has a pool, spa, or certain types of sports courts. These spaces often require safety fencing that protects small children, animals, and passersby from possible danger. Laws vary by state and city, but you can check with local authorities if you aren’t sure what’s required of you.

Regardless of why you decide to hire someone to install fencing on your commercial property, the key is to work with true professionals. Seek out fencing contractors who are reliable, reputable, and experienced to work on your property.…

Three Uses for a Bucket Truck

Of course, you need a bucket truck! Why would you even consider asking that question? But, you’re not sure why? And, you don’t even know what a bucket truck is?

Well, the short answer to your question is it’s a vehicle you’ve seen many times before. Probably when someone was in the process of repairing telephone lines. Or, you would have seen the fire department use it during a rescue. Basically, it allows a worker to perform maintenance on items with a good deal of height.

It’s for Safety

Furthermore, it encourages safety. Before their invention, workers used to climb telephone poles and fireman used to use ladders to handle incidents at higher elevations. This was always a risky endeavor, for one slip could cause serious injury or death.

A bucket truck enhances the safety of those inside as well as those below. In addition, it increases their efficiency. They can bring all the necessary tools for a one-time repair instead of relying on others.

Why Do You Need One?

So, we go back to the original statement … Of course, you need a bucket truck. Well, if you’re a business that needs to deal with high places. Here are three uses.

1. Cleaning windows. You receive a boost in your business when you can reach higher floors without the use of a ladder.

Pruning trees. You can shear more branches at one time in a bucket truck over an extendable cutter.

3. Ariel photography. A bucket truck works great for businesses or governments that require aeriel photographs of their town and surrounding areas.

You Don’t Have to Buy Them New

The good news is you don’t have to purchase a brand new bucket truck for your purposes. There are numerous companies out there, Centec Equipment as one example, that handle the sale of these vehicles. They range from utility trucks to used forestry bucket trucks for sale.

Ready to purchase? Visit one of these companies, let them know your needs, and they’ll direct you to the right truck.…

Benefits Of Using Mobile Billboard Truck Advertising

Since advertising became popular over a century ago, most advertising money has been thrown at traditional forms of advertising. These include billboards, newspapers, and flyers. Whether they’re placed in media meant to be read for educational or entertainment purposes like newspapers or magazines or plastered on billboards, these advertisements are stationary. Mobile billboard trucks are unique in that they are always on the road, helping businesses get the most bang for their buck. Here are a handful of other benefits that mobile billboard trucks bring to the table.

More Effectively Reach Your Target Audience

Assume your business’ target audience is college students. Getting advertising spread across college campuses is generally difficult. There aren’t that many advertising opportunities when it comes to colleges. Passing out flyers is one way to get your business’ way onto campus, though doing so might be against some colleges’ rules. Driving around city streets, as long as you’re doing so legally, isn’t against any rules. Mobile billboard trucks will help you more effectively reach your target audience than using any other method of advertising.

Mobile Billboards Are Cheaper Than Their Stationary Counterparts

To create a mobile billboard, all you need is a vehicle and a few hundred dollars. You can either hire a painter to plaster your advertisement on your vehicle or have an automotive paint shop wrap your vehicle. Both routes should cost less than a thousand dollars. Further, both wraps and paintings will last years, even in bad weather conditions.

They’re More Likely To Be Remembered By Viewers

People who watch television for just a few hours are exposed to hundreds of commercials. It’s not very likely for people to remember specific commercials because they’ve seen so many. The same holds true for advertisements on the Internet and on traditional stationary billboards. However, very few people are exposed to more than a few mobile advertisements on a daily basis. As such, they’re more likely to be remembered by the people who see them.

No matter what type of business you operate, your advertising dollars will be well spent on a mobile billboard truck . Make sure you reach out to a professional advertising firm to maximize the benefits you’ll reap from using this strategy.…

How to Fund Your Business with SBI Loan against Property?

The State Bank of India provides a range of banking /financial services and products, out of which a loan against property (LAP), is one of the most sought-after. A loan against property SBI fulfils the cash requirement for personal and business purposes. Many businesspersons choose a property loan to fund their business requirements, because of large amount of loan available, up to Rs. 5 crore to Rs. 7.5 crore and low interest rates, beginning at 10.30% onwards.

The property to be mortgaged must be under the ownership of the borrower. It can be a commercial, industrial, or a residential property. LAP is an all-purpose loan and can take care of any kind of company expenses, other than those speculative in nature. You have to repay the bank in EMI (Equated Monthly Instalments) at a rate of interest pre-decided by the bank. For higher loan amounts, the starting rate can be over 11%.

As an applicant, you must submit income documents, property documents, address proof, identity proof, income tax return proof, business registration copy, licences, and other necessary financial statements to the bank to avail this loan.

Below given are some of the features of SBI loan against property for business purpose.

  1. Loan Amount and Other Charges

The general LAP amount is between Rs. 25,000 and Rs. 1 core. Some applicants can be eligible for an amount of up to Rs. 2 crores. There are other variant property loan products, wherein the loan amount starts at Rs. 25 lakhs and is up to Rs. 5 crores or 7.5 crores. Loan to value ratio is up to 60-65%. Process fee can be up to 1% of the total loan amount.

  1. Eligibility Criteria

You must be under 70 years of age, up to the loan’s maturity. If you are a self-employed person, then the minimum turnover for a year must be Rs. 3 lakhs. If you are a salaried person, who wishes to establish a start-up, net monthly income must be at least Rs. 25,000.

  1. Repayment Tenure

The tenure of the loan is between 5 years and 15 years. You can repay within 120 EMIs. There is no prepayment charges applied.

  1. Credit Score

Credit score of a person is one of the important factors, which influences the loan amount and interest rate. Even though a property loan is secured in nature, you must have a minimum credit score of 650+. SBI will check your credit history to understand the debt to income ratio.

  1. SBI Rent Plus Scheme

The Rent Plus loan scheme by State Bank of India, is ideal for businesspersons. Here, you must be the owner of a commercial complex or an apartment building. The property must generate rental income, because the loan will be provided against the rental income. Maximum loan one can avail is Rs. 7.5 crores, if the property is based in any of the metro cities. If the property is based in any other city than a metro, then the maximum loan amount is up to Rs. 5 …

Applying For Mortgage? Here’s What Your Lender Is Looking For

When you’re a first-time homebuyer, and you need help financing your home purchase, you turn to mortgage lenders to make your plans a reality. With a wide variety of home loan programs available these days, you get to choose one that will best suit your situation. However, do you know what to expect when it comes to mortgage lenders?

The following are what a Mortgage Lender Corpus Christi will look for in an applicant. Make sure to take down notes as these can significantly help you once you apply for a mortgage.

Debt-To-Income Ratio

Every lender has a maximum DTI Ratio set. If you fall above their required Debt-To-Income Ratio, you won’t qualify for a loan. Determining your DTI Ratio is one of the ways lenders gauge your ability to repay debts.

They will divide your total recurring monthly debts with your gross monthly income. For example, your monthly debt is $1,500 including credit card, mortgage, and car loan payments. If your monthly income is at $5,000, your DTI ratio is 30%.

Credit Score And Activity

Your credit score and credit activities will give them an idea of what kind of borrower are you, what your attitude towards debts is and how good of a payer are you. A lower your credit score means a higher chance of getting denied as it is riskier it is for them to offer you a mortgage.

If you do get qualified, you’ll most likely land a deal with higher interest fees and rates. Make sure that before you even apply for a mortgage, your credit score is high enough and to fix your credit. The higher your score and the more responsible your credit history portrays you, the better the deals you can get.

Financial Assets

Lenders will only lend funds to individuals who are financially stable. This will mean you need to have a stable job, been working for the same company or employer for at least 24 months, and have enough substantial assets like investments, checking and savings accounts.

For people with low FICO scores or a thin credit file, your lender might let you compensate for it by having enough financial assets to cover for the loan. So, go on and save up to increase your chance of mortgage approval.

Down Payment

If you have enough funds to cover for a down payment, you’ll get better mortgage terms and rates. The amount of down payment you’ll need to prepare will depend on the home loan type you will qualify.

If you can put a 20% down, then we strongly advise you do it. Doing so will let your skip Mortgage Insurance which can add up to your total expenses.

Good Read: An Introduction to Private Mortgage Insurance (PMI)

Conclusion

Homebuyers should think of a mortgage application as a job interview. Your lender will determine what your strengths are as well as your weak points. So, make sure to put your best foot forward. Take a closer look on where you …

How has technology facilitated taking instant cash loan today?

Technology has sipped into the life of human beings from every perspective. Be it a necessity or luxury, without technology, a human being will be facing a hard time. Like all the other sectors, technology has adapted itself to the banking sector thoroughly. It has made all the various forms of banking sector easier than ever. The whole concept of the implementation of technology in the banking sector has started after some people found out the limitation of the usage of traditional banking procedure and the invasion of privacy it possesses. So, that is when they came up with an idea of a currency that could be in control of all and not being regulated by a single head or a group of people. They wanted to bring transparency to the whole system of loaning which would be free of all the restrictions of the border, regulatory entities and governments and all that would be required is an internet connection which is now pretty much available to most of the people, and this is how technology influenced instant loan.

The effect of technology on bank loan

The day is not far when the technology will soon overshadow the whole system of the traditional banking. As the benefits of using paper currency surpassed and removed gold standard as the form of transaction, it is the same way that the benefits of technology would overshadow and replace the traditional banking.  So, let us have a look at the benefits of using technology and why it would be replacing the traditional form of banking.

  • It removes middleman: Just like when you purchase any new property, the process of instant cash loan is very lengthy that consist multiple rounds of formalities that include lawyers, notaries and much more. But when the contracts are being made with cloud-based technology, the whole process will be completed much more quickly with the elimination of any third parties being involved.
  • The elimination of any particular controller: Instant cash loan is in control in the hands of a particular government as it is with different types of cash. Since nobody individual or substance controls the banking information, it can’t be debased or detracted from you as indicated by the impulses of an administration.
  • High-quality service: Earlier, the whole concept of implementing technology in banking has been a huge hurdle till then. The technology was available only to a few segments of society. Moreover, by that time, instant cash loan was not that necessary. But in today’s world, the competition is firm, and the different loan providers are all doing their best and bringing out new ways to attract the attention of the customers. They are trying out every possibility that would create an interest amongst customers.
  • And moreover, technology is well available with the society today and most of them are equipped with a smartphone. And with the help of cloud technology, they can apply for a loan at any point of time and from anywhere.

How To Find The Best Auto Insurance For Your Needs

There are hundreds of auto insurance providers who offer coverage in all 50 states. This can make it very difficult to find the best auto insurance company to meet your individual needs. However, don’t worry. Here are some useful tips to help you find the best auto insurance for you.

Check The Insurance Department Website In Your State

Every state has its own insurance department that is responsible for regulating the auto insurance companies within the state. Your state’s website contains value information on licensing information and complaint filings. Also, many of these websites make the insurance rate filings of public auto insurance companies public. That allows you to see how frequently the insurance company requests rate increases, and how often they are granted.

Check The Financial Rating Of The Insurance Company

Auto insurance companies are actually financial institutions, and therefore it is very important for you to know what their rating is in order to be assured that the company isn’t insuring more than it will be able to pay or over extending itself and also know how secure it is.

Research Online Customer Reviews Of Auto Insurance Companies

When looking for auto insurance mount dora fl, it is very important to see what other customers think of the company. That can help you figure out whether you think you will be satisfied with a certain auto insurance company. There is certain information you should be on the look out for, like how easy and quickly you can reach a customer service professional or agent, and how long it takes for the insurer to settle their insurance claims.

Compare Auto Insurance Rates

Don’t just go with the very first auto insurance company that you happen to find. Instead, compare auto insurance rates from 3 to 4 companies at least before you make your final choice. Review both smaller and larger insurers.

If you take these steps ahead of time, then you will know exactly what you are receiving and you can be assured that you will be happy with the service that you receive the from auto insurance company that you select.…

4 Tips for a Better Business

All business owners would like to increase their profits, but only a small percentage are willing to put in the time and energy to make it happen. Are you one of the motivated few? Here are just four tips and tricks for a better business with a larger profit margin.

1. Upgrade Your Software

Gone are the days when you could run a successful business with nothing more than a calculator and notepad. It’s the 21st century, and you’ll need sufficient technology to stay on the cutting edge of your industry. This includes software that can do things like ordering, scheduling, budgeting and bookkeeping.

2. Figure Out Your Demographic

What’s your average customer like? How can you appeal to their sensibilities? What turns a casual shopper into a loyal follower of your brand? Don’t be afraid to do a little digging into your demographic. You can greatly improve your marketing campaigns if you know who’s watching and listening.

3. Improve Your Curb Appeal

This is especially important if you’re trying to improve a convenience store or car wash. These visual-based businesses can live and die by their curl appeal, so you’ll want everything to be neat, clean and efficient to attract potential customers. Your parking lots should be pristine; your countertops should shine in the light. Car wash maintenance can make all of the difference in your brand’s success.

4. Ask for Feedback

Feedback is one of the most valuable things that you can ask for as a business owner. It’s easy to lose perspective on things when you’re the one pulling every string and signing every contract, so let outsiders give you their opinions on your brand. You don’t have to take their views as gospel, but a third-party perspective can be quite helpful for both large and small issues.

These are just a few ways to improve your business. It might not be easy, and it might take a lot of changes to your location, staff and internal playbook. However, the transformation will be worth it if you’re able to turn a profit. Good luck!…