Consequential Loss Insurance
Consequential loss insurance can be arranged by a business to cover risks commonly covered by material damage policies. But, some damages could put the business under because of the time it is forced to remain closed as in the theft of a key piece of machinery that needs to be especially ordered. Often the possibility of increased trade is overlooked in assessing sums. The indemnity period is another key consideration. Generous margin in both areas seems advisable. A suppliers' extension can be added to a consequential loss policy. Some types of loss need to seperately insured as in the case of 'interruption risk.' The insurer looks at a variety of factors concerning conditions of the business financially as well as the physical environment. An insured company might find it wise to retain assessors due to their ability to advise a client in getting the business going again since he has had some acquaintance with disasters.
Publication Name: The Accountant
Picking the Right Financial Planner
If your financial situation is, at best, disorganized, then the time may be right to find a financial planner. But because there are no regulations or licenses required to be a financial planner, anyone can claim to be a financial planner, and can charge anything for any kind of service. When seeking out a financial planner, there are specific things which they should be able to do, such as calculate your net worth, devise a budget, and help with plans for accumulating assets, in addition to co-ordinating the help which may be needed from a lawyer, accountant or broker. There are many things to look at which can help judge the competence of a planner: their credentials, their fee, the written plan you receive should be concise, with clear recommendations, and the planner's sense of commitment to your changing needs. Personal recommendations are a good place to start looking for financial planners - so ask around.
Publication Name: Money