What Is An Emergency Fund? And Why Should I Have One?

Emergency FundMany people have an emergency fund just in case of well an emergency. Now the reasons that many people have an emergency fund are because they are just planning for any uncertainties in the future.
You see while you can never really know when something is going to take place. You can actual still in a way prepare for it. This is really what an emergency fund is. You will have put together a solid plan that can help you out in a time when you and your family are hit tough by a financial hardship.
The idea behind a person having an emergency fund is to cover the major expenditures such as your mortgage or rent and other essential bills. Think of it as some kind of safety net that you have there just in case something terrible does happen.
You are probably wondering just how much exactly you should have in your emergency fund. Well truth be told there is no real right or wrong answer, but you do want to have enough in there to help you out for say at least a month if things do get real tough. Some people even will hide enough away to cover them for over a year. I know this may seem a little excessive and is probably out of the question for most families out there, but some people do actually put away that much.
One other thing that is really important when planning an emergency fund is where you are going to store the money. Remember you are not trying to make money on interest here. The idea is that you can get to the money as soon as you need it. So you do not want to put it into some complicated bank account that is going to take a while to get the money out of.
Nope you want to make sure that you are putting your money in a place where you can have instant access. I am not saying that you need to start storing wads of cash around your house, but aging this is not unheard of. Just use a regular old bank account that lets you add or take as much as you want when you want.
We can never know when a accident is going to happen, but by having an emergency fund we can at least prepare for the financial fall out.

A Legacy Of Safety

Public schools are some of the most respected institutions in the United States. For generations American families have entrusted schools with the well-being of their children. Teachers, administrators, and staff members have a legacy of safety and security to live up to and a policy for public school insurance in Indiana is one of the most valuable tools they can have.

Safety Through Risk Management

The choice to carry an insurance policy is one of the best forms of risk management there is. Identifying potential risks and developing ways to manage those risks is a big part of the job done by school administrators. Companies selling public school insurance in Indiana are willing to help with a school district’s risk management efforts by providing coverage options that address the concerns specific to public schools and similar educational centers.

Forms of Coverage

What forms of policy coverage are most important to public schools? An insurance company experienced in covering public schools can describe the importance of these and other lines of coverage:


  • Auto
  • Property
  • AD&D
  • Educator legal liability
  • General liability


Community members, parents, teachers, and school administrators all want to create a safe place for kids to go to school. While everyone is going to do their best to keep schools on track, the fact is that there is always the potential for a problem to develop. The policies that insurance companies make available are just one of the ways that those risks can be effectively managed.

Surety Bonds In PA Help Facilitate Positive Relationships

What Are Surety Bonds?

Surety bonds in PA are a type of insurance that guarantees the fulfillment of contractual or legal obligations by one party (the principal) for the benefit of another party (the obligee). There are many forms and types of surety bonds. Here are a few settings in which surety bonds are often used:


  • Public official bonds, which guarantee honest and proper practices of individuals elected or appointed to serve in government positions.
  • Contract bonds used in the construction industry, with the contractor as the principal and the owner of the property as the obligee.
  • License and permit bonds, which ensure to the government that individuals or businesses will comply with all applicable and appropriate laws, regulations, statutes and ordinances.
  • Miscellaneous surety bonds, which are specially designed for unique situations and relationships. These can be used to support commercial, government, or individual relationships.

Why Does My Company Need Surety Bonds?

For an obligee, the benefit of a surety bond is that if the principal fails to fulfill the requirements stipulated, the surety will pay a certain amount of money to the obligee and then seek reimbursement from the principal. This way the obligee is guaranteed either the fulfillment of certain requirements or else a monetary reimbursement for failure of the principal to comply.

Surety Bonds in PA are a way to smooth relationships between two parties. They can be functional in personal or in commercial relationships.

Prevent Financial Loss Through Orange County Homeowners Insurance

Having an Orange County homeowners insurance policy is a relief when something happens that damages the structure of your home. Sometimes damage can be severe enough to render the home unlivable. Yet, the money borrowed for the home must still be paid back to the mortgage lender. Otherwise, that institution would unfairly lose the unpaid balance of the mortgage. On the other hand paying the monthly mortgage on a home that is damaged so badly that you cannot live in it would mean paying a lot of money for nothing in return. No company or individual wants to unfairly lose hundreds of thousands of dollars, or be obligated to pay something for nothing. In a situation like this, you can breathe a sigh of relief when you remember that paying for repairs or replacement will only take a phone call to your Orange County homeowners insurance company. Most homeowners agree that homeowners insurance is a worthwhile expenditure. It prevents both the lender and the borrower from taking a financial loss.

Mortgage providers understand this, as well. This is why most mortgage lenders require borrowers to have a homeowners insurance policy before they will be willing to lend the money to buy the home. It gives the homeowner and the lending institution more assurance that the borrower will not default on a loan, resulting in legal actions. Click here to know more about Blackwell Insurance Agency.

What Is Exotic Car Insurance?

Owning an exotic car can be quite a thrill. But your insurance rates may not be. Exotic car insurance is typically more expensive than regular car insurance. There are a few reasons for this rate increase. First of all, an exotic car is much more expensive to repair because of the rare and expensive parts that the car may need. Secondly, an exotic car can reach high speeds, therefore this puts them at a higher risk of getting in an accident. Thirdly, an exotic car has a better chance of being stolen than any other car because of it’s expensive value and the type of car it is. Exotic cars are flashy and sporty and catch the eyes of would be car thieves.

These are the risks that make the premium insurance rate higher for an exotic car than any other car on the road. This is something to consider when purchasing a sports car or exotic car.

You may want to compare rates with different insurance companies so you can find one that you can afford and that gives you the best coverage. Make sure you talk to someone who knows about exotic car insurance. Many insurance companies have agents that specialize in exotic and sports car insurance coverage. Discuss all of your options with the agent so you can find the best coverage for your exotic vehicle.

To learn more about The Rubin Group visit their website.

Maximizing Your Insurance Sales Leads

In the tele-marketing and sales world, cold calls can be the hardest ones to handle. Randomly generated phone numbers don’t always help your company get prospective clients. Many people get irritated because someone is calling them about some product that they don’t want or need. In reality, the right list will always help you get more insurance sales leads.

Business lists are important when making sales calls. You want to call the right business for the right type of product. If you use a list it should be faster to find your target than to not use a list and dial randomly generated numbers. With a list you will be calling a target business or customer every single time.

Business lists save your time and money as well as increase insurance sales leads. You will be more likely to have more follow-up calls by using a business list. People die and are born every day; meaning that every day insurance companies probably lose at least one customer to death, but could potentially gain a new one because of birth. However, this isn’t a very fast and efficient way to gain new customers. Not only that, but your company will never increase.

Selling a product is not an individual activity. It takes a team to offer a product, then sell it and follow-up with any prospective clients.

Visit the Neilson Marketing website for more information.

There Are Many Types Of Disability Insurance In Pennsylvania

Disability Insurance Pennsylvania Disability Insurance in Pennsylvania is a form of protection for the income of the insured person. Benefits can begin in the event that a disability makes it impossible for the person to carry out the basic functions of their employment. It includes paid sick leave, and long-term, and short-term disability benefits. There are several types of disability insurances available, including employer supplied, individual, high limit, and key-person disability insurances.

Employer supplied policies are one of the most common types of disability coverage. This can include workers’ compensation coverage, as well as coverage for disabilities not resulting from a job-related injury or illness. Many employers offer disability coverage for their employees.

Individual insurance policies can cover those who work for companies that do not provide this type of insurance to their employees, or who are self-employed. Premiums can vary widely depending on the industry or location.

High-limit disability insurance in Pennsylvania options usually cover 65% of income, regardless of the income level. It is usually offered as a supplemental insurance added to the standard policy offered by an employer. It can provide from $2,000 to $100,000 a month.

Disability of a key person in a company can cause financial hardships for the business. With funds from insurance that covers these hardships, temporary employees may be hired, or new employees may be trained.

In addition to these types of disability insurance in Pennsylvania, there are many other options for disability coverage. Visit the Nottingham website for more information.

Protect Yourself With Car Insurance In Orange County

Car insurance in Orange County is a valuable investment. In addition to being required by law in California, auto insurance can protect you in the event of a car accident, whether it is caused by you or by another driver. The last thing a driver needs to have to worry about in a time of emergency or crisis, is, “How will I pay for all the medical bills and property damage?” With adequate coverage on an insurance policy, car insurance enables drivers to skip that worry. Instead they can immediately begin doing what they need to do to heal from injuries, get their car back to optimal working condition, and get back to normal life again.

Car insurance in Orange County comes in a variety of coverage options. Customers can choose different coverage levels for medical liability, property liability, and uninsured or underinsured driver coverage. This way, drivers can be sure to purchase coverage that will not leave them with additional expenses after the insurance has paid relevant expenses up to the limit of the policy. Getting a policy with higher coverage doesn’t have to be prohibitively expensive. There are insurance companies that offer quality coverage and excellent customer service at competitive prices. Compare quotes from a few different insurance companies to see which one will give you the highest coverage at the lowest cost. Visit the Blackwell Insurance Agency website for more information.

Single-Parent Captives are a Viable Alternative

Single-parent captives may frighten some clients, while others may be too eager for them. A qualified agent’s job is to help clients evaluate whether they ought to truly consider a single-parent captive as a viable alternative.

Single-Parent Captives: Advantages

Single-parent or “pure” captives can offer unique and fully customized solutions. Clients that find significant value from pure captive ownership are generally looking to:

Save portions of their operating cash over time to pay for unexpected or “shock” losses.

Smooth the cost of retained risk over time through actuarial loss reserving methods.

Provide an alternative to off-balance-sheet funding.

Pass through insurance costs to their customers, utilizing the captive to support reimbursable expenses related to total insurance costs.

Lower the retained loss limit of their individual business units by offering “deductible buy-down” coverage through the captive.

Smooth costs at the business unit level by charging a “guaranteed cost” premium via the captive, rather than charging business units for self-insured losses as they occur.

Address situations where there is either a regulatory or a contractual requirement to demonstrate funding of certain retained liabilities.

Operate their captive as a profit center, by participating in insurance products sold to their customers or other business affiliates.

Improve their overall net worth by consolidating captive assets on their balance sheet.

Potential accelerated tax deduction by turning the loss fund into a tax deduction

The captive owner is in full control of all operational aspects, such as: lines of coverage, limits, service providers, and captive domicile location

Any surplus in the captive can be used to address the client’s immediate needs, such as: increasing captive retentions, insuring new lines of coverage, or reducing future premium requirements.

Single-Parent Captives: Challenges

Participation in any type of captive is a long-term undertaking. While many of the following issues would be encountered in any captive (in some shape or form), no single-parent captive discussion would be complete without mention of the possible drawbacks:

A captive, like any other investment, requires an internal commitment in order to be successful:

Setting up a captive involves initial start-up capital and start-up expenses.

The captive’s business plan must be put together and then approved by the selected captive domicile.

A captive has certain minimum annual operating costs.

If the loss experience is greater than expected, the captive may require additional funding.

The captive must be regularly monitored and evaluated by upper management.

The tax complexities associated with captive ownership should be thoroughly discussed and evaluated.

As a sole captive owner, the client will be 100% “on the hook” for all losses. There is no risk sharing as exists in a group captive.

Although the client does not bear the burden of another participant’s poor loss experience, the client also does not have the benefit of sharing its own large losses with others.

Captive solutions are becoming an integral part of the way we do business in today’s changing market. A pure captive complements rather than replaces the client’s current insurance program, by providing a funding mechanism for existing self-insured or retained risks.

A Clean Shop is a Safe Shop

A place of business should be kept as clean and orderly as possible. This is especially true of an auto repair shop, where there are many underlying hazards and dangers to both customers and employees. For example, a stray extension cord or air hose lying across the floor can result in a trip and fall. Parts strewn here or there can cause a person to be injured as well. There are all types of heavy equipment, oily or greasy floors, and other concerns that could result in injuries if not careful.

What can an owner do to keep a clean and safe shop that will not only prevent losses but also help keep auto repair shop insurance premiums in line.

First impressions can make a difference

Starting at the front door of the shop, survey the interior and the exterior:

Are the windows clean?
Is the door handle clean and easy to operate?
Is the entry area clear of parts and pieces?
Are there any landscape areas that need attention?
How about the sidewalk? It should be free of stains and spills.

How about the restroom?

Would customers comment how clean it is or would they prefer to stop at the next gas station on their way home?
Are sanitary seat covers, soap and paper towels for drying available in the restroom?

Realizing how important this is to the perception of the customer is of the utmost importance. By taking care of these business-related needs up to this point, it is likely that everything else, including their car being given the best possible service, is being taken care of as well.

Safety first

Look around the actual shop and repair areas and make sure the following is in place:

The safety locks should work as designed
Parts should be kept neat and tidy
Oil tanks should be clean
The waste oil tank should be as clean as the fresh oil tank
Soiled rags should be kept in a separate self-closing container
There shouldn’t be any gasoline or other fuels stored inside

Look around the base of each above ground lift and the post of in-ground lifts; is there any evidence of oil leaking? It’s not uncommon to have a slow leak that gets cleaned up when other cleaning occurs. Know how long before the system is too low on oil to operate correctly, and ensure it is serviced. An independent company should be inspecting the lifts every year for proper operation.

These tips will not only help you keep your customers coming back, but they will also help in preventing injuries and losses – important steps in preventing claims and keeping your auto repair shop insurance costs in line.