Commercial insurance: purchase the right kind of policy

In the United Kingdom and by law it is necessary, some types of insurance, if you are in the business it is so important, that you the right amount of facts before you if you are considering, and insurance. There are many different types of insurance you need to look at, which you run depending on the type of business. There are often many risks which a business can open the right kind of insurance that is right for your business acquisition is essential.

Sometimes it is not that easy to identify the areas where you need to get covered, but some of the things that you might like to consider are especially in obtaining insurance thinking building insurance, plant and equipment, all equipment and machinery, which you may have. Take also consider all you have from Commons and loss of profit, this is often known as business interruption. Think, where perhaps the most endangered, this could be the areas of your company be were, that you carry and the loss of operating licences.

According to your precise business, most are companies must get public liability cover for third-party you must have insurance cover for your employees to get and you to get cover for no money that I kept on the site instead of, or by authorized employees.

Some homework on the exact type of insurance you need, and one of the best ways is better informed through the use of the many brokers that are on the market. They can visit it directly, they call, or like most people today is to a broker on the Internet, where many a search to find choice. Each broker you should approach are knowledgeable and able to give you a detailed breakdown of the various types of commercial insurance, that are available and what is it critical to your company are.

You offer a comprehensive and efficient service and can give you competitive premiums with the added convenience to be able to pay these premiums on a monthly basis with bank transfer, and make sure that you pay only for the type of insurance that only your company needs, you will be able to keep the costs, in this regard and make some great savings.

Business insurance is the common name for commercial insurance and this type of coverage is used by companies, small and medium-sized enterprises. Business insurance is the needs of most companies, however, includes coverage for those who it covers only the business of all kinds of risks, such as fire and theft, vandalism, and it can cover for damage, that perhaps to an Office is good. Coverage for any damage that may occur to the employees is also usually of this type of insurance, so are your insurance requirements of these insurance it is good to advise, as it insurance you are looking for with the cover, you.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Tips for finding an affordable commercial insurance company

Commercial insurance can be very expensive even though important. But however expensive it may be there are ways to actually a policy, you can really afford. Can by a few simple tips you can you to brag about at the end of a policy, you to your friends.

Get A consultant

One of the best ways to actually keep a cheap insurance was is by ensuring that you work with commercial insurance advisor or mediator. Insurance consultants are the professionals that are known, to customers, provide the expert guidance on what they believe, is the "best way to go." To get bias free advice, which is designed not to, you slide after you in a certain direction, which is in most cases a certain insurance company, you are guaranteed.

Alternatively, this approach is always an agent of the task of the search for the right insurance for you. In this case, it is important to actually decide what you want, so that the agent exactly what white you are looking for. But you should expect to pay a service fee for this service.

Annual payments

The annual payments on commercial insurance is very similar to were buying in bulk; It is much cheaper. So have it within your financial resources to pay a flat-rate compensation amount, do so. There you will do a world of good. Plus it is anything other than them even more attractive. In reality, they are not to the one you would otherwise pay if you have used a monthly rate package. Yes, several companies offer actually interest free insurance packages to clients, that an obligation to pay their premiums up to an annual basis.

Do your research

No matter how impulsive are you you are never in a hurry to secure an insurance contract. Patience is a virtue and it is strongly to get regardless of whether you are a affordable package. You must go online their research, where you can get quotes on insurance at an additional cost or free of charge. She should decide free insurance quotes like this are the safest way to go there.

Comprehensive quotes, normally paid for are the risk of identity theft and was generally associated with because you disclose personal information, is to give you a more accurate estimate on insurance premiums ultimate considered, will be required. This research to compare insurance policies and are much in a better position to decide on the right one for you is.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

The role of commercial insurance brokers in the risk management

Such as risk management as a discipline in has developed it's own right, the insurance broking industry has acknowledged that additional technical services from your business customers, as well as more innovative solutions are needed for the purchase of insurance.

Brokers responded to this request by setting up risk control departments specializing in questions of health and safety, technical ability, the establishment of management companies that can look after the insurance companies of their most important customers, and the transition from the conventional Commission deserve based on a fee basis, which much more closely the work and the professional reflects advice from the broker instead delivered by direct reference to the amount of insurance that is sold.

The business one buyer in the search for the broker, who can help him with his risk management need insurance that is ready, a considerable amount of time, operations and risk positions spend becoming familiar with the client.

Commercial insurance customers are also seeking a broker that can help to plan a programme for dealing with such claims including the purchase of insurance, and systems can offer the advice, the cremation of risk retention and the implementation of the loss prevention.

The commercial insurance broker general role in this respect therefore, thus the client business risk positions are properly processed, and in the financial area, i.e. either by business insurance and not insurance measures.

Furthermore, should the broker through his skillful negotiations, programs produce profitable account and innovation, effective insurance purchase and, last but not least, help the client to reduce his business losses.

The overall objective of insurance broker business risk management is therefore the client company financial performance improve, by situations avoid helping to reduce expenditure on insurance and potential loss.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

10 Things every buyer must - stopped a commercial real estate loans

For nearly 30 years, I have represented borrowers and lenders in commercial real estate transactions. During this time it has become apparent that many Buyers do not have a clear understanding of what is required to document a commercial real estate loan. Unless the basics are understood, the likelihood of success in closing a commercial real estate transaction is greatly reduced.

Throughout the process of negotiating the sale contract, all parties must keep their eye on what the Buyer's lender will reasonably require as a condition to financing the purchase. This may not be what the parties want to focus on, but if this aspect of the transaction is ignored, the deal may not close at all.

Sellers and their agents often express the attitude that the Buyer's financing is the Buyer's problem, not theirs. Perhaps, but facilitating Buyer's financing should certainly be of interest to Sellers. How many sale transactions will close if the Buyer cannot get financing?

This is not to suggest that Sellers should intrude upon the relationship between the Buyer and its lender, or become actively involved in obtaining Buyer's financing. It does mean, however, that the Seller should understand what information concerning the property the Buyer will need to produce to its lender to obtain financing, and that Seller should be prepared to fully cooperate with the Buyer in all reasonable respects to produce that information.

Basic Lending Criteria

Lenders actively involved in making loans secured by commercial real estate typically have the same or similar documentation requirements. Unless these requirements can be satisfied, the loan will not be funded. If the loan is not funded, the sale transaction will not likely close.

For Lenders, the object, always, is to establish two basic lending criteria:

1. The ability of the borrower to repay the loan ; and

2. The ability of the lender to recover the full amount of the loan, including outstanding principal, accrued and unpaid interest, and all reasonable costs of collection, in the event the borrower fails to repay the loan.

In nearly every loan of every type, these two lending criteria form the basis of the lender's willingness to make the loan. Virtually all documentation in the loan closing process points to satisfying these two criteria. There are other legal requirements and regulations requiring lender compliance, but these two basic lending criteria represent, for the lender, what the loan closing process seeks to establish. They are also a primary focus of bank regulators, such as the FDIC, in verifying that the lender is following safe and sound lending practices.

Few lenders engaged in commercial real estate lending are interested in making loans without collateral sufficient to assure repayment of the entire loan, including outstanding principal, accrued and unpaid interest, and all reasonable costs of collection, even where the borrower's independent ability to repay is substantial. As we have seen time and again, changes in economic conditions, whether occurring from ordinary economic cycles, changes in technology, natural disasters, divorce, death, and even terrorist attack or war, can change the "ability" of a borrower to pay. Prudent lending practices require adequate security for any loan of substance.

Documenting The Loan

There is no magic to documenting a commercial real estate loan. There are issues to resolve and documents to draft, but all can be managed efficiently and effectively if all parties to the transaction recognize the legitimate needs of the lender and plan the transaction and the contract requirements with a view toward satisfying those needs within the framework of the sale transaction.

While the credit decision to issue a loan commitment focuses primarily on the ability of the borrower to repay the loan; the loan closing process focuses primarily on verification and documentation of the second stated criteria: confirmation that the collateral is sufficient to assure repayment of the loan, including all principal, accrued and unpaid interest, late fees, attorneys fees and other costs of collection, in the event the borrower fails to voluntarily repay the loan.

With this in mind, most commercial real estate lenders approach commercial real estate closings by viewing themselves as potential "back-up buyers". They are always testing their collateral position against the possibility that the Buyer/Borrower will default, with the lender being forced to foreclose and become the owner of the property. Their documentation requirements are designed to place the lender, after foreclosure, in as good a position as they would require at closing if they were a sophisticated direct buyer of the property; with the expectation that the lender may need to sell the property to a future sophisticated buyer to recover repayment of their loan.

Top 10 Lender Deliveries

In documenting a commercial real estate loan, the parties must recognize that virtually all commercial real estate lenders will require, among other things, delivery of the following "property documents":

1. Operating Statements for the past 3 years reflecting income and expenses of operations, including cost and timing of scheduled capital improvements;

2. Certified copies of all Leases;

3. A Certified Rent Roll as of the date of the Purchase Contract, and again as of a date within 2 or 3 days prior to closing;

4. Estoppel Certificates signed by each tenant (or, typically, tenants representing 90% of the leased GLA in the project) dated within 15 days prior to closing;

5. Subordination, Non-Disturbance and Attornment ("SNDA") Agreements signed by each tenant;

6. An ALTA lender's title insurance policy with required endorsements, including, among others, an ALTA 3.1 Zoning Endorsement (modified to include parking), ALTA Endorsement No. 4 (Contiguity Endorsement insuring the mortgaged property constitutes a single parcel with no gaps or gores), and an Access Endorsement (insuring that the mortgaged property has access to public streets and ways for vehicular and pedestrian traffic);

7. Copies of all documents of record which are to remain as encumbrances following closing, including all easements, restrictions, party wall agreements and other similar items;

8. A current Plat of Survey prepared in accordance with 2005 Minimum Standard Detail for ALTA/ACSM Land Title Surveys, certified to the lender, Buyer and the title insurer, including items 1 through 4, 6, 7(a), 7(b)(1), 8 through 11(a) and 14 from the Surveyor's "Optional Survey Responsibilities and Specifications" referred to as "Table A";

9. A satisfactory Environmental Site Evaluation Report (Phase I Audit) and, if appropriate under the circumstances, a Phase 2 Audit, to demonstrate the property is not burdened with any recognized environmental defect; and

10. A Site Improvements Inspection Report to evaluate the structural integrity of improvements.

To be sure, there will be other requirements and deliveries the Buyer will be expected to satisfy as a condition to obtaining funding of the purchase money loan, but the items listed above are virtually universal. If the parties do not draft the purchase contract to accommodate timely delivery of these items to lender, the chances of closing the transaction are greatly reduced.

Planning for Closing Costs

The closing process for commercial real estate transactions can be expensive. In addition to drafting the Purchase Contract to accommodate the documentary requirements of the Buyer's lender, the Buyer and his advisors need to consider and adequately plan for the high cost of bringing a commercial real estate transaction from contract to closing.

If competent Buyer's counsel and competent lender's counsel work together, each understanding what is required to be done to get the transaction closed, the cost of closing can be kept to a minimum, though it will undoubtedly remain substantial. It is not unusual for closing costs for a commercial real estate transaction with even typical closing issues to run thousands of dollars. Buyers must understand this and be prepared to accept it as a cost of doing business.

Sophisticated Buyers understand the costs involved in documenting and closing a commercial real estate transaction and factor them into the overall cost of the transaction, just as they do costs such as the agreed upon purchase price, real estate brokerage commissions, loan brokerage fees, loan commitment fees and the like.

Closing costs can constitute significant transaction expenses and must be factored into the Buyer's business decision-making process in determining whether to proceed with a commercial real estate transaction. They are inescapable expenditures that add to Buyer's cost of acquiring commercial real estate. They must be taken into account to determine the "true purchase price" to be paid by the Buyer to acquire any given project and to accurately calculate the anticipated yield on investment.

Some closing costs may be shifted to the Seller through custom or effective contract negotiation, but many will unavoidably fall on the Buyer. These can easily total tens of thousands of dollars in an even moderately sized commercial real estate transaction in the $1,000,000 to $5,000,000 price range.

Costs often overlooked, but ever present, include title insurance with required lender endorsements, an ALTA Survey, environmental audit(s), a Site Improvements Inspection Report and, somewhat surprisingly, Buyers attorney's fees.

For reasons that escape me, inexperienced Buyers of commercial real estate, and even some experienced Buyers, nearly always underestimate attorneys fees required in any given transaction. This is not because they are unpredictable, since the combined fees a Buyer must pay to its own attorney and to the Lender's attorney typically aggregate around 1% of the Purchase Price . Perhaps it stems from wishful thinking associated with the customarily low attorneys fees charged by attorneys handling residential real estate closings. In reality, the level of sophistication and the amount of specialized work required to fully investigate and document a transaction for a Buyer of commercial real estate makes comparisons with residential real estate transactions inappropriate. Sophisticated commercial real estate investors understand this. Less sophisticated commercial real estate buyers must learn how to properly budget this cost.

Conclusion

Concluding negotiations for the sale/purchase of a substantial commercial real estate project is a thrilling experience but, until the transaction closes, it is only ink on paper. To get to closing, the contract must anticipate the documentation the Buyer will be required to deliver to its lender to obtain purchase money financing. The Buyer must also be aware of the substantial costs to be incurred in preparing for closing so that Buyer may reasonably plan its cash requirements for closing. With a clear understanding of what is required, and advanced planning to satisfy those requirements, the likelihood of successfully closing will be greatly enhanced.

R. Kymn Harp is a seasoned attorney based in Chicago, Illinois with 30 years experience representing commercial real estate investors, lenders and developers. He is a frequent speaker at continuing education seminars, and is a widely published author on commercial and industrial real estate topics including due diligence, entitlements, commercial real estate financing, and Brownfield development and financing.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Financial policy of powers - business, Medicaid, tax, real estate, personal property

What if I already have a power of attorney? How will the financial directive help me still? A boilerplate power of attorney is intended to give your agent general powers. A Financial Directive has very specific powers granted by the Principal (you) to the Agent, as for example but NOT all inclusive:

1. Collection powers to forgive, request, demand, sue for, recover, collect, receive, hold all such sums of money debts, dues, commercial paper, checks, drafts, accounts, deposits, legacies, bequests, devises, notes, interests, stock certificates, bonds, dividends, certificates of deposit, annuities, pension, profit sharing, retirement, social security, insurance and other contractual benefits and proceeds, all documents of title, all property, real or personal, intangible or tangible property and property rights, and demands whatsoever, liquidated or unliquidated, now or hereafter owned by, or due, owing, payable or belonging to, you or in which you have or may thereafter acquire an interest.

2. Real Property Powers to bargain, contract, agree for, option, purchase, acquire, receive, improve, maintain, repair, insure, plat, partition, safeguard, lease, demise, grant, bargain, sell, assign, transfer, remise, release, exchange, convey, mortgage and hypothecate real estate and any interest in it (and including any interest which you hold with any other person as joint tenants with full rights of survivorship, or as tenants by the entireties), lands, tenements and hereditaments, for such price, upon such terms and conditions, as your Agent shall determine. You can add more specific powers addressing potential circumstances more specific to your circumstance.

3. Personal Property Powers to bargain, contract, agree for, purchase, option, acquire, receive, improve, maintain, repair, insure, safeguard, lease, assign, sell, exchange, redeem, transfer, mortgage, hypothecate and in any and every way and manner deal in and with goods, wares, merchandise, furniture and furnishings, automobiles, bills, notes, debentures, bonds, stocks, limited partnership interests, certificates of deposit, commercial paper, money market instruments, and other securities, chooses in action and other tangible or intangible personal property in possession or in action, for such price, upon such terms and conditions, as your Agent shall determine...and more specifically to your circumstance.

4. Banking Powers to make, draw, sign in your name, deliver and accept checks, drafts, receipts for moneys, notes, or other orders for the payment of money against, or otherwise make withdrawals from any commercial, checking or savings account which you may have in your sole name or in joint name with your spouse or other person(s), in any bank or financial institution, for any purpose which your Agent may think necessary, advisable or proper; and to endorse and negotiate in your name and deliver checks, drafts, notes, bills, certificates of deposit, commercial paper, money market instruments, bills of exchange or other instruments for the payment of money and to deposit same, as cash or for collection, and cash into any commercial, checking or savings account which you may have in your sole name or in joint name with your spouse or other person(s), in any bank or financial institution and to carry on all your ordinary banking business. Specifically, you, the Principal empower your Agent to do all of the following:

A. Continue, modify, and terminate an account or other banking arrangement made by or on behalf of the Principal.

B. Establish, modify, and terminate an account or other banking arrangement with a bank, trust company, savings and loan association, credit union, thrift company, industrial loan company, brokerage firm, or other financial institution selected by the Agent.

C. Hire or close a safe deposit box or space in a vault.

D. Contract to procure other services available from a financial institution as the Agent considers desirable.

E. Withdraw by check, order, or otherwise money or property of the Principal deposited with or left in the custody of a financial institution.

F. Receive bank statements, vouchers, notices, and similar documents from a financial institution and act with respect to them.

G. To have access to any safe deposit box of which you are a tenant or co-tenant with full power to withdraw or change from time to time the contents of it; and to exchange or surrender the box and keys to it, renew any rental contract for it, and to do all things which any depository, association or bank or its agents may require, releasing the lessor from all liability in connection with it.

H. Borrow money at an interest rate agreeable to the Agent and pledge as security personal property of the Principal necessary in order to borrow, pay, renew, or extend the time of payment of a debt of the Principal.

I. Make, assign, draw, endorse, discount, guarantee, and negotiate promissory notes, checks, drafts, and other negotiable or nonnegotiable paper of the Principal, or payable to the Principal or the Principal's order, receive the cash or other proceeds of those transactions, and accept a draft drawn by a person upon the Principal and pay it when due.

J. Receive for the Principal and act upon a sight draft, warehouse receipt, or other negotiable or nonnegotiable instrument.

K. Apply for and receive letters of credit, credit cards, and traveler's checks from a financial institution, and give an indemnity or other agreement in connection with letters of credit.

5. Tax Returns. To prepare, execute and file tax reports, tax returns, tax declaration, tax forms and tax statements for any and all tax purposes including income, gift, real estate, personal property, intangibles tax, single business tax, or any other kind of tax whatsoever, to pay such taxes and any interest or penalty or additions to make and file objections, protests, claims for abatement, refund or credit in relation to any such tax proposed, levied or paid; to signify, as may be required by the 1986 United States Internal Revenue Code, as amended, or any corresponding future United States law, your consent to having one-half of any gift(s) made by your spouse considered as made by you to represent you and to institute and prosecute proceedings in court or before any administrative authority to contest any such tax in whole or in part or for recovery of any amount paid in respect of any such tax, to defend or settle any amount paid in respect of any such tax, to give full and final receipt for any refund or credit and to endorse and collect any check or other voucher; to pay any and all such taxes and any interest, penalty or other additional amounts; to employ attorneys, accountants or other representatives and grant powers of attorney or letters of appointment for any of the purposes stated...(omitted for this article)

6. Personal and Family Maintenance. Principal empowers the Agent to do all the acts necessary to maintain the customary standard of living of the Principal, the Principal's spouse, Principal's intimate partner, domestic partner, children, and other individuals customarily or legally entitled to be supported by the Principal, including providing living quarters by purchase, lease, or other contract, or paying the operating costs, including interest, amortization payments, repairs, and taxes on premises owned by the Principal and occupied by those individuals.

7. Business Interests. To continue to conduct or participate in any business in which you may be engaged, or to carry out, modify or amend any agreement to which you may be a party, and to sell, exchange, modify or terminate such interest to or with such person or persons as your Agent may deem proper and on such terms and with such security as your Agent may deem appropriate. Execute partnership agreements, and amendments. Incorporate, reorganize, merge, consolidate, recapitulate, sell, liquidate or dissolve any business. Elect or employ officers, directors and Agents to carry out the provisions of any agreement for the sale of any business interest or the stock in it. And more specifically the Principal empowers the Agent to do all of the following: ...(omitted for this article)

8. Social Security and Government Benefits Medicare, Medicaid, or other Governmental Programs, or Civil or Military Service, to prosecute, defend, submit to arbitration, settle, and propose or accept a compromise with respect to any benefits the Principal may be entitled to receive. Receive the financial proceeds of a claim of the type described in this section, conserve, invest, disburse, or use anything received for a lawful purpose. To make application to any governmental agency for any benefit or government obligation to which you may be entitled. To endorse any checks or drafts made payable to you from any government agency for your benefit, including any Social Security checks.

9. And so on, and so on, and so on. For purposes of this article, this writer's intention is to demonstrate the level of specificity customized to your specific needs.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Lowe ring your insurance bill - tutorial on negotiating insurance Council

Negotiate your insurance bill? Is, the even legal? Many people, companies and even smooth-talking salespeople tell you the same thing when it comes to negotiating your insurance premium... "You can negotiate rates with an insurance company not your insurance, your only option is to order." "At the end of your insurance policy is what it is rate."

The public has this myth that seems to be to a common understanding among the majority of the population, of just to try to get scared a lower rate. After all, why waste time when you know that it is not at all possible?

Why this is a myth so long been? As was the last time you get a coupon in the mail or online coupon code from GEICO, progressive, or other insurance companies? Never, right? A free oil yearly renewal change what is? Do you have a commercial advertising a car insurance weekend special ever?

Unless your a Caveman (pun intended - GEICO commercials), have never advertisements, specials, offer you an insurance seen buy 1 get 1 free, see etc....aber facts or distorted facts. I refer to it as a twisted facts because it seems funny nationwide States in a commercial that people have saved a average of $400, if they of XYZ insurance company then the next commercial changed, from GEICO people is an average of $400 saved, if they by ABC insurance company changed, and so on... If this true for all people was, my insurance premium should be $0 a year... Haha.

Fact is that it is illegal in most States for insurance agent or company within to give more than $25 for every person a period of 12 months, with the aim of business from this incentive. I think after, and as a previous sales manager in the mortgage industry are insurance the biggest culprits break this rule.

This law includes not only gifts and discounts on insurance policies without merit. For this reason, the insurance industry is dramatically different from any other industry. Imagine walking into a car dealership with the same restrictions.

So that you really rate by negotiating a lower insurance can not, right? Not necessarily true, there is a gap that often with practiced business and commercial insurance policies. This may include personal auto and homeowners apply to insurance. Much-local insurance agencies will show more flexibility than those to larger, commercialized insurance carriers.

The following are a few ways to get a lower rate on your bonus:

Fax your policy directly to several insurance agencies. Tell them that you want as you currently have the same exact coverage, but to a lower price. Threaten to walk away from your current insurance agency. Combine your auto and homeowners policy with a company. Take a higher deductible. Remove the free rental car and roadside assistance. Bottom cover (not recommended)

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Commercial insurance plan for businesses

Protect of your company is the main purpose for most all business owners. Many of us systems install steps such as backing up computer systems, alerts, all in the attempt to protect purchase wall safes, what we have worked so hard to win. That fact, so many of us go through such careful steps to protect against the obvious makes it all the more stressed that we often times one of the most important aspects of the coverage of our assets, commercial insurance is forgotten. Commercial insurance can protect many forms, your property, automobile, General accept premises and much more. Obtaining a commercial insurance quote can one perspective much easier than you might think.

We've all seen, the ubiquitous deals for automobile insurance, which constantly compete for our attention are. You tend to make a simple process of decision making. For a wide range of commercial insurance as little as a quick Google search is. The most commercial insurance quotes are obtained by a commercial insurance broker or agent. This means that they (you) represent the client, on your behalf to interact with the different insurance markets to cover to get your company in a failure of need. If it sounds simple, is, because it is. You are probably depending on the size of your business with access to a local "Casualty" content broker in your neighbourhood. As you have the know-how and you gain access to the different insurance markets finally your reporting. In fact, many airlines (insurance) will deal directly with customers, so you be required to an agent or broker use. Most of the broker or agent are on the Internet or through personal meetings. You must provide your broker with a litany of details of your personal credentials, as well as your business financials. As soon as this information is your broker present this information to various institutions to obtain the various insurance quotes. Insurance professional place your coverage with two benefits offer, they are able to quickly and efficiently determine the nature of the risks that your business is exposed to, and second are the different markets on your behalf to navigate them seamlessly.

Of course, it is what you have built up through your hard work and effort to protect. As you can see, your liability, neglect when it comes to insurance is not only stupid, but to down right careless. You can use up to $1 million in liability protection for as little as a few hundred dollars per year. If you need it, your will thank lucky stars you, that it exists for your protection.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Insurance direct mailing techniques destroy TV advertising

People are direct mailing techniques, email today from insurance and bombarded TV advertising. However, a technique to mass is to gain exposure, although important direct response making sales. Here are 15 reasons why insurance direct-mailing destroyed television ad results.

50% of TV viewing, you watch out for show, and not directly call in buy people have made. They appear for branding. Implant of their brand in the head, so the next time you a product like that, who buy it are a being in the tv advertising.

DIRECT MAIL advertising is for SOFORTMAßNAHMEN

1. Not every display television enjoys the show to be interrupted without their control. With insurance direct mail advertising decides your prospects as the most convenient time for him.

2. TV advertising cover a wide range that visually stimulate senses and get you questions, who made this piece of junk.

3. The production costs for all TV viewing are extremely expensive and often outrageous.

4 Ads are television with a few exceptions for the benefit of society, and rarely, to show the capabilities of your sales agents.

5. Position aligned. Map with direct mail sales you control the exact locality or region to which your message.

6. A TV spot must often well over a month to produce a negative time interval. Mail advertising can be changed immediately and sends the modified message immediately.

7. Check the cost. A total of 5,000 quality prospects can get your insurance mailing message for under $2,500 in total. This could be 50 to 100 people with an interest in your product purchase pass.

(8) It is a rarity for a TV spot to show a direct practical source set directly in contact with a live staff.

9. In the television, you are always guess that your ad reaches the correct gender, income level and age group for the product.

10. Use of insurance direct marketing techniques, to refine your prospects can accurate demographic, geographical and financial data.

11. Direct mail ads offer both call the direct telephone number, and often have a e-Mail address not the distribution company, but the sales department or sales person.

12. Mail view can you determine, to about the height of the Vista asks you get before you spend advertising budget.

13. Time your television viewing is not uncommon for 6 competitors to advertise a similar product.

14. The TV program the, which I see you suitable for the family, but some of which is the subject of today's commercials more adult... Their TV ad could just before one of these.

15. You can advertising respondents quickly on direct mail with an appointment or a sales follow-up.

Since sales are the NAME of the game can you see the great advantage of this direct mail insurance has to have TV commercials. Many big names in TV advertisers like GEICO colonial Penn and United Healthcare also millions and millions on direct mail advertising spend, like them, that knowledge is where their actual individual sales will be.

Well published author, loves Don Yerke on what you do not know, or what else dares nobody to focus print. To tell it like it is.

Pay attention to his new paperback on Amazon's debut early this summer. It is loaded information marketing and recruitment with great insurance.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Looking for more about the progressive commercial girl

Is it really all these great looking? Really, what's so great about Stephanie Courtney? It is actually a virtual unknown to progressive insurance with a commercial released. So, now it is the progressive commercial girl.

Although not spectacularly beautiful Stephanie Courtney, which has a progressive commercial girl, making waves on the Internet. She began as an actor and is transformed into an actress. She appeared in several bit roles or voice over roles in television.

The progressive commercial is probably ultimately more and more recognition than they ever before. After all Internet is global, and it is getting worldwide attention.

Of all the people who have read about it, how many have actually seen it in action? Is a commercial is really not a good gauge one's acting ability. With such a short exposure on the screen, it's a miracle that they even noticed!

This is only to show that either progressive insurance double time that there is a buzz about Stephanie Courtney, or it is one of the greatest actress of our time really works!

What do we really know about the new progressive commercial girl? "Wow" - that is their famous slogan. Not, that adorable? Of course you need it to appreciate it hear.

In any case, the new commercial girl, the box office with the name of Flo is now the only progressive commercial girl. You will play as Flo always in a number of progressive commercial, Flo, the box office. Its nature is beautiful and charming. The progressive commercial this girl has managed to book several TV appearances and is quick to be an actress worth a second look on.

Today Stephanie Courtney is all great looking girl in Hollywood definitely go in the right direction, and do it the right way. Viewers on television has to with the introduction of the Internet, significantly decreased, so it only makes sense to try it big in the cyber world as also television. Great job, Stephanie. Super job, progressive insurance!

Umer Hayat and Manager in one of the most famous multinational insurance company is the name of the author. He have great experience in the insurance industry and it's types. He was also a member of many other international insurance companies. so that he knows almost everything in terms of insurance and it is types.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

The commercial cost of flood-related damage

One of the top priorities is to ensure that the shop against all odds of flood-related damage are covered the merchant with a store for your own. This is caused for equipment in a warehouse or in the Office and warehouse for the simple reason that a company or individual could well be bankrupt straight down damage. This is the reason why a prudent Merchant shall ensure himself has assured the calculation of the potential economic costs of flood damage loss of business, against such.

Many people are under the impression that it is not important, could get their businesses against flood-related damage to insure because they do not happen live close to a water source, which flooded in the near future. However, they take not one important thing in the right perspective - a flood can occur almost anywhere and at any time. This is the reason, why a good businessman must make sure that he bear the brunt of flood-related damage.

Imagine that your Office, warehouse and showcase only flooded due to a burst pipe have been somewhere on the premises. Or the water company decided to close to your Office, in the direction of your camp overflow, and you came back from the weekend, only to see your stored were totally were. While it may seem not very plausible, this should show you, that every business is vulnerable to any type of flood and also means, that the most prudent course of action is to ensure that you do not suffer, by monetary losses due to such an unprecedented event takes place.

This is the reason why it is necessary to the commercial flood-related damage, calculating which include the replacement of your building. This can be done one by a proper flood insurance. This ensures that you are properly compensated if your building in the floods is been washed away.

The loss of material in your inventory, as well as merchandise must be calculated after a flood. This means, that every single item that was damaged replaced will. You can use either the brunt of this financial loss you wear yourself or the refund is carried out, you have received proper and adequate flood insurance.

Many insurance companies offer this insurance to showcase or even service providers.

Also a very expensive solution because of the all the debris that has been left on the site is cleaning up after the aftermath of a flood. That these issues also in the commercial cost of flood-related damages the reason why a businessman has is calculated. However, if they have already guaranteed one against such high potential cost through a comprehensive flood insurance, the directive is to cover these additional financial burden.

That is the reason why an entrepreneur with vision always against such eventualities calculated and is sure that he will be adequately protected against such drastic commercial financial losses arising from flood-related damage. So the most sensible idea is to check that, "can it happen," instead way of "it will never happen" and you protect yourself from such an expected expenditure by a flood insurance.

Derek Rogers is a freelance writer, the company represents a number of UK. For insurance claims, he recommends flood [http://www.morganclark.co.uk/domestic_flood.htm] Morgan Clark.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Tips to buy your commercial insurance online

Running a business for everyone can be hard, and if it can be to choose of the right of insurance package, it will certainly run its toll. That not the case, should try to find a high-quality policy provider. As you can imagine this not is easiest company in the world, but it is something that needs to be done, and with a little work, you can certainly take it off. The first thing you need to understand that buy your insurance policy online is is crucial to keep your business afloat, and with that the case you want to do your best to choose the right business policy and of course one that fit your business. That aside, is there a few things which you need be careful, if you buy insurance in commercial property.

* First of all, make sure that you select options that meet your business. When you fill out the forms, questions try: "this is relevant for my business?" If you are not able to answer "Yes" to this question, must be understood then, that no matter how cheap the package, it more than likely is not the correct package or policy for you.

* You can the cheapest package of course buy kind be and many people can relate to, but not heavy machinery use, then you certainly will not want a policy that covers it. In addition to that will probably want to avoid any accidental injury insurance buy if you are running an accounting company. As you can see commercial insurance can be complicated, but that doesn't mean, it must be impossible!

* Search for your commercial insurance online is easy and all you really need to do is head into your favorite search engine. Just search for the insurance you need and you will be rewarded with a list of links that will more than likely lead the right policy. If these links lead directly to it, you will likely be able to search a directory of insurance, you with what you need.

* Insurance directories are used, providers show you a list of all insurance in your area and at the national level have decent prices, and you should be able to receive a quote within minutes. Once you have your quote you can move to more complicated in the process of selecting the collection and the purchasing policy.

One of the greatest parts about online purchases is the fact that you get proof of insurance coverage for instant you can print directly from your computer. This proof will be valid everywhere, and you will be able to print multiple cards for your purposes. That aside, it's time for you your perfect policy and your company are assured whether you need vehicle cover, property insurance, or both.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Discover the top 15 Secrets of successful commercial property ownership!

1.) What's Your Type?

There are many different types of commercial properties that you can purchase including:

o Office
o Retail Space
o Warehouse Facility
o Restaurant
o Commercial Condo
o Strip Mall

The first step is clearly defining what type of property you want to purchase and how you want to use it. The following information will help you maximize your investment dollars to get the best possible deal when purchasing your property.

2. Build Equity With Your Investment

Equity is Money

Building equity is the primary if not the ultimate reason to buy instead of rent a commercial property. Let's face it. It's money in the bank. In fact, it's better than money in the bank because you can't get the same kind of return on your money when it's sitting in the bank as opposed to when you're building equity. Moreover, if you choose the right financing for your commercial real estate purchase, you can not only build equity through ownership, but you can also leverage your capital saving in order to grow your business, hire additional employees, or even purchase an additional location when the time comes.

Owning beats renting because you can sell your investment once you outgrow the space or sell the business. Even if commercial property in your area has not appreciated (which is unlikely), you can recoup your investment by renting out the space once you move out and by selling when the time is right.

If you plan on growing into your building, buy something larger than your current needs, and rent out the extra space until you need it for expansion. This will provide you with steady income that you can use to help pay your mortgage or invest in your business.

3. Calculate Your Savings And Your Potential Profit

Lower Monthly Payments

Consider buying commercial real estate as a savings for your business. Real estate costs are the third largest business expense, behind payroll and taxes. Long loan amortizations mean that your monthly payments could wind up being less than what you would pay for rent, since landlords usually charge more than their monthly loan payment. In other words, owning your own commercial property may actually be more affordable, depending on current market conditions.

Ask your lender to provide you with an analysis of the current market in your area so that you can see which scenario is best for you (renting or buying). The lender should be able to explain your options in detail with examples of monthly rental costs vs. monthly loan payments and the benefits of each.

Analyze the Rent Value

Upon finding a property that peaks your interest, find out the status of the current tenants (if it is a multi-tenant property) in terms of how much rent they are paying. Check the current market to see if the rents are undervalued, meaning below what you can get in the current market. Your realtor or lender should be able to help you figure out how much you could charge for rent and determine how much of a profit you can make each month.

Tax Advantages

There are many tax advantages to becoming an owner of a commercial property. In most cases, you can deduct part of the value of the building at tax time, as well as improvements you've made as depreciation, which can save you more money on your taxes. Buying the property under your business or corporation's name is also a better tax strategy than under your personal name.

4. Do Your Research

The more you can learn about property types and options, mortgages, financing, zoning and remodeling; the better position you'll be in to make wise decisions concerning the acquisition of a commercial property.

However, you don't have to know everything. That's where putting together a powerful team of professionals proficient in their areas of expertise may be your most important step. Building a team of advisors - people you can trust to steer you in the right direction is critical to your success.

Understand Current Market Conditions

Keep your eyes open for news articles pertaining to the commercial real estate market. Is it "hot" right now? Is it a buyers' or sellers' market? What kinds of interest rates are available?

The Internet is a great place to start. Conducting a Google search for "commercial real estate market," for instance, will give you results that include news and resources for national trends, analytics and market research.

In addition, many realtors, lenders and lawyers across the country offer free and timely articles on their websites that shed light on current commercial real estate trends nationwide. Again, make sure you listen to both sides of the story.

Tap Expert Resources

National market research companies can give you specific information about the area where you're preparing to locate your business. You can also find information on demographics including the median age, household income, breakdown of ethnicities, and more from censuses available from the U.S. Census Bureau.

Also contact commercial lenders or realtors for additional resources. In looking for help, it's usually better to talk to a lender or realtor with nationwide experience and up-to-date information than a small-time operation that might not have recent data for you. If the lender/realtor hasn't gotten updated demographics since 1996, you've essentially wasted your time. Also, a lender or realtor that specializes in the type of property you're looking for will be more likely to have the specific information you need, which will save you time in research.

Study the Current Vacancy Rate

Research what the vacancy rate has been over the past few years for the area you're taking into consideration. If there seem to be high levels of vacancies, try to find why. Is it a bad neighborhood? Talk to store owners in the immediate area and find out how long they've been doing business there. Ask if they have any concerns that you as a potential property owner should know about the area.

Research Commercial Realtors

It's important to research commercial realtors that specialize in the type of space you're looking for. Grill the realtor you are considering selecting on the entire purchase process so you know what to expect. Ask how long the process usually takes so that there are no surprises. Check their references and their track record (more on finding a Commercial Realtor in #5).

Examine Experienced Commercial Lenders

Choosing a lender and financing program is just as important as choosing the property. Again, find out the entire process of financing, as well as your different options. Don't assume that just because you've had a relationship with your bank for years that using their financing is the best choice.

Banks don't always offer the lowest rate for commercial loans, and sometimes have a far longer turnaround than non-bank lenders. Some banks require that you transfer your accounts to them in order to qualify for a loan. Be aware of any stipulations when seeking a bank for a commercial loan.

5. Choose the Right Commercial Realtor

As mentioned before, you need qualified partners to help you with the process of buying commercial property. Start with a terrific commercial realtor.

Some commercial realtors work exclusively with individuals interested in investment properties. Others work with owners/users of commercial real estate, and among those some specialize in property management, which can be an added value to you.

Who Do You Know?

Referrals from trusted sources are usually the best way to find a good commercial realtor.

Ask Questions

Set up a meeting with more than one potential commercial realtor. Find out as much as you can about their professional background, education, and experience with your type of property. You can ask for a list of recent transactions to give you an idea of what they deal with on a regular basis, and how many properties they've actually sold in the last year or two. And most importantly, ask for client references (testimonials)! Real client feedback is the most effective measure for potential success.

The Right Match

Make sure you choose a realtor that understands your specific needs. If you are a small business, you don't want to work with a realtor that normally handles multi-million dollar deals. Your project may become less of a priority when that particular realtor gets a bigger commission to worry about.

6. Consider Your Time Frame

If the reason you are looking for commercial property is because your lease is ending, think twice before jumping into a decision you might regret. Finding just the right space, securing financing and going through the process of obtaining a commercial property can take months. If you don't have that kind of time, you may need to rent month-to-month for now.

Take Your Time

While you may be in a hurry to move into a space, take your time. Buying any kind of property is a major decision, and buying commercial property is even more important for the development and growth of your business. Selecting a property in the wrong area, or a space that doesn't allow you to grow can hinder your company and even cause it to fail, so plan carefully.

If the realtor or lender gives you an estimate of three months from start to close, plan for longer - just in case. Keep in mind there are many people involved in the process of buying property, from the seller, realtor, lender, appraiser, surveyor, paperwork approvers, secretaries, and more and this process can often take slightly longer.

7. Location, Location, Location

One of the most important factors in considering commercial property is location. If a property is located on a busy corner that is difficult to get to, your business may not do well (in fact, that's probably why the property is for sale). If you want to operate a dog kennel and the property you're considering is in a residential area, not only will your business disturb the residents, the zoning laws may prevent you from operating there.

Foot Traffic

For a retail business, look for areas with high foot traffic that will give you the exposure and increased walk-ins you need to be successful.

If you are looking for an industrial or manufacturing facility, then you can stay out of the retail limelight and buy something in a warehouse district. These areas are usually cheaper than retail space.

Easy Access

Make sure your location has easy access from the road. Look to see if the site is at a difficult intersection. Is there construction going on that seems like it won't be ending any time soon? On the other hand, what's the potential once the construction is completed?

Check out the Competition

If you want to open a bistro in a neighborhood that has several bistros, you might want to try somewhere else with less competition. However, a healthy population of restaurants usually means a healthy population of customers.

Know Your Customer

Find out the demographics of the area you're interested in. If you want to move your sports apparel shop to a new location, you'll probably want an area with a high percentage of youth and active adults. An urban area with a lot of pedestrian traffic might be better for this kind of retail shop than a suburban area in a retirement community.

8. Free Parking

We've all spent time driving around and around looking for a parking spot. It can be very frustrating, especially when you're running late. Whenever possible, you want a location that has ample parking for your visitors.
If you have a retail store, restaurant, or other high-traffic business, estimate how many customers or visitors you're likely to have at any given time and consider rejecting any properties that have fewer available parking spaces than your estimates. Again, use your best judgment and consult your realtor.

Avoid Headaches

Also pay attention to how your parking is situated. If it's located just off a major road, it may provide a headache for people trying to back out of the parking space, and may even cause accidents. When visiting the property, see how well you can maneuver the parking. If it's a hassle for you, it will be doubly so for a potential customer or visitor.

9. Get in the Zone

Before you begin the negotiation process for a commercial property, make sure to investigate the zoning laws, as well as what types of businesses you are able operate there. There are zoning laws about the type of business that can be conducted in certain spaces.

For instance, some spaces do not permit food and beverage to be served, or may have restrictions on how late a business can operate. The typical zoning districts in most cities include: residential, commercial, industrial and mixed-use.

Don't Assume

Zoning can be tricky, so do your due diligence on this topic. Don't assume that just because the previous tenant of the space had a restaurant that the property you're looking at is necessarily zoned for food and beverage. Many businesses slide under the radar for months or years while violating zoning laws. Making assumptions can cost you big time and big money when it comes to zoning.

Regulations

Zoning laws can regulate not only the type of business that can operate, but also parking, signs, water and air quality, waste management, noise, appearance of building and more. Find out any and all regulations regarding the property in advance.

Visit your local library or zoning office to get information on all the zoning laws, rules and regulations that apply to the property you're considering for purchase. Talk to people at the zoning office if you have concerns or questions prior to making the investment. Ask your realtor to double-check your efforts to ensure you've covered all your bases.

10. Inspection

Normally, if you are considering buying a home, you have an inspector look at the structure, pipes, electrical system, etc. A commercial property requires even more of a stringent inspection, not only to meet your needs, but also the requirements of the local government.

Before purchasing commercial property, hire professionals to thoroughly examine the electrical system, including the sprinkler and security system, as well as the plumbing, phone, and Internet systems. Since you will have already done your homework on zoning and regulations, you will be aware of the building codes. With the results from your various inspections you can get an estimate of how much work, if any, will need to be invested in order to get the building "up to code."

A Good Foundation

Hire an architect or engineer to examine the foundation and structure, especially if you have frequent natural disasters such as earthquakes or hurricanes in your area of the country.

Communication

If you are looking at an older building, there may be quite an investment up front to either meet city standards or meet your own standards. Don't overlook the importance of a high-tech phone and Internet system, especially if you have a lot of employees. If there is not already a T1 or fiber optic network in place, build this cost into your purchase, as it will save you money and headaches in the long term over more traditional (and older) phone and Internet systems.

Make sure to hire an expert to tell you if the changes you need are possible and within your budget. With most commercial real estate loans, you can include these remodeling costs in your financing. Again, make sure to ask.

11. Map Out Your Plan

As a business owner, you understand the importance of carefully planning every move. Buying a property requires no less preparation. Before you begin looking for a building, sit down with your finances and figure out how much of a mortgage you can afford to take on.

Create a Budget

When calculating your budget for buying property, don't leave out taxes, insurance premiums, and repair and maintenance, as well as costs involved in customizing the space to meet your needs. Failing to create a budget for these often overlooked expenses will quickly put you in the hole with your new property. If you need help creating this budget, ask your realtor or your commercial lender for advice.

Room to Grow

To determine the amount of mortgage you can afford, assess your income and expenses. Your mortgage and property expenses should leave you enough room to operate your business without cutting into your normal expenses.

Sometimes it is necessary to take a cut in profit in order to purchase the kind of space you need to grow. Think of it this way: buying a larger space will allow your company to stretch its wings, which will result in more profits down the road. It's a risk you sometimes need to be willing to take if you want to grow. Remember, if you buy more space than your company needs immediately, you can acquire tenants who will provide rental income that can significantly offset your monthly mortgage obligation.

Planning Ahead

It's almost always a good idea to buy slightly more room than you currently need. You can lease out the additional space until you need it. If this is your plan, map out how this will bring in income to help subsidize your mortgage. Remember, however, that you may have periods when some of the space is unoccupied, so don't rely on the rent coming in to cover your mortgage every time. Make sure you can cover the mortgage on your own.

Have an Exit Strategy

So, how does it all end? Hopefully with big dollar signs. After all, that's why you're investing, isn't it? To eventually cash in on your investment. Therefore, you need to have an exit strategy.

You might choose to hold onto your commercial property through retirement, as real estate is a great asset that can provide you with a steady passive income stream: a lucrative retirement strategy.

12. Before You Sign on the Dotted Line

Having a carefully drafted contract is key in your commercial real estate deal. You are required by law to have a written sales contract, and it is to your advantage to have one with each detail of the transaction documented.

Also, make sure to leave ample time for due diligence and closing, especially if any construction is involved!

Details

Despite the stories of real estate contracts being thicker than phone books, all you really need is a contract that lays out the important elements of your agreements. First, it needs to describe the property and the purchase price, as well as whether the price is due at closing or in installments.

Equipment, etc.

The contract should include any equipment, machinery, or personal property that is included in the purchase price. It should list any contingencies that must be met prior to completing the purchase. A common example of a contingency is whether you are able to obtain a loan to finance the purchase.

Don't Forget...

The contract should cover how the property taxes and utility bills will be pro-rated between you and the seller, as well as what type of title insurance you must provide. The date for closing and delivery of possession should be in the document, as well as what legal recourse either the buyer or seller has in the event that the other party defaults on the agreement.

And Always...

Once the contract has been drafted, have a lawyer review it prior to signing it. A lawyer may be able to help you negotiate a better deal than what is originally presented.

Unfortunately, not all property sellers are honest, and some will try to hide their true purpose in technical legalese within a contract. Having a trusted lawyer and commercial realtor review your contract will keep you safe in your transaction.

13. Choose a Lender with Care

There are many types of lenders available to assist you with your commercial real estate financing. But keep in mind: not all are created equal. Do your homework in finding a lender that meets your specific needs.

It's important to find a firm that can give you broad access to capital, understand your priorities, offer you the best deal on your loan and complete the process in a timely manner.

Types of Lenders

There are three basic categories of lenders: direct lenders, indirect lenders and hybrid lenders. Direct lenders lend their own funds. Some examples of direct lenders include commercial real estate lending institutions, banks, and private lenders. Indirect lenders place funds on behalf of others, and include mortgage brokers and mortgage bankers, as well as financial intermediaries. Hybrid lenders both lend their own funds and lend on behalf of others, and include certain investment banks, investment advisors and credit companies.

Banks usually generalize in services, and offer a wide array of products. While this may sound good, think about it for a moment. Would you rather have a lender that knows a little about many financing options, or a lot about three or four products designed specifically for you?

Lending institutions are more specific in nature, and are experts in the products they offer. Banks are more traditional in their financing products, while lending institutions are more entrepreneurial and creative.

Banks often require that you move all of your financial relationships under their umbrella, including deposits, LOCs, etc., while non-bank lenders only work with your real estate loan.

The U.S. Small Business Administration (SBA) is a great resource for small companies looking to expand their business or purchase real estate for commercial use. The SBA offers tools that can help you plan your next move, as well as loan programs for a variety of business purposes. The SBA itself does not offer loans, but works through banks and non-bank lenders to provide small businesses with loan programs that meet their needs.

Get Started Early

It is important to choose your lender early in the process so that you can maximize leverage and get a lower cost of funds. Your lender will ask for certain forms in order to determine your eligibility for financing, as well as to figure out what kind of deal you can negotiate.

You will need to provide your income and expense statement, balance sheet and personal financial statements from all prospective owners of the property. If you don't have them written already, you will need to create profiles of the management team, including information on education and employment background, as well as experience relevant to your business. Other documents needed include a property appraisal, contract of sale, and plans for the use of the property. Providing these documents early can help streamline the process. Again, your realtor and lender will help you through the process.

14. Know Your Financing Options

While you are in the "shopping" phase of looking for a commercial property to purchase, you should begin to research your financing options. There are many kinds of commercial financing options available, so it is important that you find the one that best suits your needs. It's also very important to know how much you're qualified to borrow. This will help you and your real estate broker find the right type of property for you faster.

No matter what type of loan you wind up getting, negotiating the loan will be based on the same basic factors: anticipated use of the property, expected returns from the property or business conducted there, geography, type and size of real estate, perceived risk to lender and market conditions. There is no one rate applicable to all commercial financing. The rate you receive will be based on your specific situation.

If interest rates are low, securing a low fixed rate will mean you pay less interest over the entire mortgage. A variable rate, which is considered by some to be more risky, can give you a lower payment for a period (before it increases), which will let you use the money saved for other investments.

In weighing your financing choices, remember that some debt is good. Don't assume you should take the loan with the highest down payment requirement so you can "pay off your debt faster". Putting down more money means you have less to invest in your business.

Term Loans

Based on how much money you need to borrow, there are different financing options available. One option is a term loan. Term loans can be used for a variety of purposes, including financing permanent working capital, new equipment, refinancing, expansion, acquisitions and, of course, buildings.

There are loans specifically designed for commercial real estate or equipment. Banks typically lend up to 80% of the value of the real estate to be financed, and the loans must be repaid in 15 to 20 years. If you are able to come up with the remaining 20% on the cost of the property (and don't have anywhere better to invest the money), this is an option to consider.

Up Up and Away

Beware of balloon payments. While paying a very low monthly amount at the start sounds great, you often end up spending additional money to refinance your commercial mortgage as lenders reset interest rates or reexamine you and your business over the life of the loan.

Credit Line

If you want a more flexible loan, you may have the option of a credit line that can provide you with cash on an as-needed basis, up to a cap amount. Credit lines almost always have a variable rate, and have interest-only payments for the first one to three years.

Equity Financing/Joint Ventures

Equity financing involves joint ventures with investors that have the capital you need. Usually, the investor will receive a percentage of your business' profit in exchange for the capital you need to purchase the building or stock in the company if it is public.

Some investors will take a back seat to your executive decisions, while others will want a say in the operation of your company. Joint ventures are not for everyone, so keep in mind all of these factors when considering one.

The SBA 7(a) Loan Program

The SBA has a variety of financing products that are ideal for small businesses. The most commonly used SBA loan is the 7(a) Loan Program. The loan is provided through banks or non-bank lending institutions.

In order to be eligible for a 7(a) loan, your business must be for profit, and you cannot purchase real estate for investment purposes. There are many other guidelines to qualify for a 7(a) loan. The maximum amount a business can borrow from a 7(a) loan is $2 million. Furthermore, all SBA 7(a) loans have prime-based floating interest rates. This type of interest rate structure can leave you vulnerable to monthly/quarterly interest rate swings that can have a significant impact on your monthly mortgage payment.

Now you can see why it is so important to find a commercial lender who can help you digest all of this information and take the time to explain your options.

15. The Best Kept Financing Secret

One of the main reasons small businesses choose to rent instead of purchase their own commercial real estate property is the perception that they can't afford the down payment. Many of them are not aware that SBA-guaranteed loans are available to qualifying applicants and can provide up to 90 percent loan to cost financing.

In fact, the 504 loan program was designed to assist small businesses in building or purchasing properties while spurring business growth in the local economy.

Only 10% Down

While in some parts of the country, use of the 504 loan program is widespread, there are other areas, such as those east of the Rocky Mountains, where this program isn't getting the attention it deserves. If you are unable to put down much of the loan cost, the 504 is worth looking at: it only requires 10% - and there are no closing costs in addition to the 10% down! (Please note that there are certain basic criteria you will need to have to qualify for the 10% down program. A good lender work with you to do his or her best to help you qualify for this benefit.)

The other 90% of the financing comes from two places: up to 50% of the total cost (land, building, renovations, and soft costs) is paid for by a senior lien from a private-sector lender, and up to 40% comes from a junior lien from a Certified Development Company (this portion is backed by a 100 percent SBA-guaranteed debenture).

Smaller Payments

Since most banks and loan programs require a minimum of 20-30% of the property cost, and do not fold in soft costs and closing fees, 504 loans are a great way to get the best of everything: by paying only 10% down, you retain more capital and are able to make smaller payments over the life of your mortgage.

Because you have two separate loans with the 504, you end up getting a blended rate that is below market. The first loan is either fixed or variable, and is at or slightly higher than conventional financing rates. The second mortgage (the 40% loan) is considerably lower than market interest rates, and is fixed for the life of the loan. Having a lower interest rate lets your company retain more capital.

504 loans can close in 30 days or less, saving you time, and helping you get into your new property sooner. Another advantage is that there are usually fewer "hoops" to jump through to get approved, as long as you are dealing with a lender who specializes in this type of loan as opposed to one who might process one or two a year. The specialist knows this loan inside and out and can streamline the process, as well as make sure you are receiving all the benefits.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Teppichreinigung Vans - Suchtipps für die Suche nach billigen Van Versicherung

Each carpet cleaning business trying to minimize their costs and search for cheap van insurance is a way to make that happen. These include cost-reducing both small and large carpet cleaners directly impact profitability. Cheap insurance means but not inadequate insurance. Budget van insurance or cheaper van insurance may be one better way to describe this goal. You want your company not underinsured but that no more than you need is to have the coverage you need to pay.

The best way to search for a better insurance quote is on the Internet. While the Internet offers a wealth of information, his attempt, by which it can sometimes discouraging all the chaff, which for real information, that you for seven search. In this article is a few tips, like you might not with online resources go on a search for those offer.

The most important part of any search is the keyword or keyword phrase entered level number to start the search (we will assume that with Google, but the process for Bing, Yahoo, or any other search engine is identical). The keyword or keyword phrase tells what you are looking for so that it can return search results, which are relevant to your topic Google. With the right words or phrase sites can prevent, which can be linked to but not exactly what you are looking for.

As an example a search for, until you see results 'cheap van insurance' sounds like a logical expression. Web pages using this phrase returned sites are mostly consumers targeted looking after personal online van insurance. Gather certain generic information and quotes from multiple companies provide for comparison. These pages are not useful for searching for van insurance for your business. Companies need an enterprise, the commercial insurance focuses on the different requirements than personal insurance has.

The idea is to describe your search phrase about what exactly you're looking to narrow. Using gives you better results than we get now several companies, the commercial insurance companies provide the search term "commercial insurance". However, we are not specific enough, as many of the search results are companies that offer health insurance, commercial insurance, transport insurance, employees. We are looking for companies that specialize in commercial fleet insurance for our carpet cleaning vans!

A better search phrase would "commercial van insurance" or "commercial vehicle insurance" be. These keyword phrases are specific narrow enough for the results and minimize to the time required for the research by returning only those sites which can potentially meet our needs.

The Internet is a great tool to search for information, but its sheer size means that you in going to put some thoughts as you on the search. Sometimes, it's easy to say, if your search terms are not specific enough. To include all major insurance companies as you know, get the results you refine your search. Other times, that site name may sound good but closer investigation shows they are independent, superficial or just plain useless. Fast and efficient search is a skill that can be ground with a little practice.

Of course, if you prefer it, not to spend your time doing, this type of work you can delegate it to a good insurance broker or independent agent. After all, is the target run your business and not your business can be run!

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Commercial legal expenses - employment tribunal cover

Industrial property office was traditionally a separate, stand-alone, policy sold as. There is a handful of insurers in the United Kingdom which offer this cover the most important one being the.

To obtain cover, you need the usual information to your business, location, activities, to declare Wageroll and sales. On the basis of this information is then purchase a policy. You will need the cover itself hardly a legal protection. So, your business insurance broker will offer you this usually in conjunction with a standard commercial insurance.

But now insurers are politics, more and more this cover as part of their standard package including, whether this is a pub, shop, restaurant, Office or hotel. The actual cover is the insurer tailored legal expenses, but it will be for the commercial insurers sell branded the package. The claim you must the legal expenses insurer direct talk.

The type of coverage that is provided should Tribunal include as a minimum, employment cover and tax investigations.

Labour courts, while you may think that this does not happen to you, are on the rise. Year after year, the number of the tribunals to be recorded. As an employer, you have to your employees for injuries, diseases or disease a duty of care. This is liability insurance (obligatory) Act by the employer in 1969, which handle numerous revisions. You need cover in force, at a minimum limit of compensation of ?5, 000, 000.

Employers liability insurance covers but no labour courts. They have a duty of care not only your employees for injuries, and so on, you must also ensure that they are subject to not harassment, discrimination or discrimination based on gender or sexual orientation. You are also obliged to follow the correct, current process, any dismissal or redundancy.

How will it all insurance policies and cover, certain notions, cover conditions, excesses and guarantees, which you for match must be effective and in force. All too often we see insurance claims filed by business customers, after the event. Each individual insurance have within certain time limits tell claims insurers "Potential" somewhere in the formulation, a requirement for you. The whole point about this is that insurers years and years have experience in dealing with claims. While we sometimes can feel in the world of broking, that they are slow, they know what to do and how claims keep costs as low as possible.

For employment tribunal claims, insurers have a panel of solicitors, United Kingdom and a fixed fee scale agreement have. What this means is that she have a used these solicitors, in full knowledge of that costs less than you with your own, local solicitor.

Not what you are trying do, think that you can treat a Tribunal claim itself. If a relationship has been so badly with a staff that they Tribunal have launched a claim by a court, you want to able to resolve this directly with the employees. You could issues far worse by corresponding with the employees, which passes then this information to a lawyer, who in turn knows exactly how to play the game of "Tribunal". This could be at the end cost you much money.

What you should do is text check your current policy to very carefully. If you have cover, then check what level of court costs have you. You have not the cover, then is our advice to you to ensure that you get as soon as possible in place. How good is your relationship with your employees, you need to, unfortunately, always a worst case scenario consider. In this worst case, an employee to a Tribunal could go, whether you think their claim is valid. Your policy covers the costs of legal defence and potentially the cost for each location to your current or ex-employees.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Restaurant insurance - current market for commercial insurance favors restaurant owners

The insurance industry enjoyed record profits of $60 billion less than two years ago. Numbercollection in the wake of these returns, the commercial insurance market which flooded with hundreds of millions of dollars worth of capital. This created to increase in the amount of carriers, as well on risk as a greater capacity to take. Ultimately, the influx of capital into the insurance market has resulted in an insurance environment that is extremely soft, with prices falling quickly. For restaurant owners who approach this soft commercial insurance market correctly, some of the largest premium decreases in years are available.

To understand why attractive premiums are such out there, understand a couple points:

First, insurance pricing is cyclical. The inflated prices simply cannot be maintained in the new commercial insurance environment of 2008. A major reason for this is that most commercial insurance companies are public companies. Thus, their shareholders demand growth. In order to grow, prices must be reduced to entice new clients and retain current ones. In addition, insurance carriers must new areas enter that they have no been active in historically. These carriers are then forced to write new lines of the coverage for industry segments like foodservice, hospitality, and team programs.

The second point to understanding the reason for the availability of lower premiums is that in the world of commercial insurance foodservice and hospitality is a niche area. Consequently, there is a limited amount of insurance carriers competing against one another to write a restaurant insurance account when the market is stable or hard. Now consider the reality of 2007 and 2008. you may have found that the number of carriers seeking your business doubled. The impact of this insurance market on niche industry segments like foodservice and hospitality can be exponentially greater than what is happening in the standard insurance market. This large supply increase as demand stays static leads to the falling prices that restaurant owners are now finding.

Last why is it that buyers are usually the people to realize the state of the commercial insurance market? Most policies only get renewed one time each year. The can lead to an information gap because the reality is that buyers rely on their brokers to let them know this critical information about the direction in which the market is headed. With markets shifting course substantially, and quickly, insurance buyers sometimes are not made cognizant of the shift until nearly a year later.

Ford, Moreton, select industry groups, brokerage houses, and insurance carriers themselves usually are the ones formulating reports about the insurance industry. Oftentimes, these reports can was six months behind. Rarely do they portray a precise picture of the current environment in the market. However, consumer expectations are driven by these reports. Many large companies who settled for a 10% reduction in pricing will find out later than they could have gotten reductions of 25-30% instead.

There is no doubt that this inefficiency is the Achilles' light of the commercial insurance industry, especially at a time when the industry seems to be cannibalizing itself. For foodservice and hospitality companies it is so a situation that should be taken advantage of, especially in light of the fact that it will eventually swing the other way.

While we are currently in a buyer's market, do not allow yourself to become careless when it comes to risk management. You can keep your insurance expenses at levels 25-40% lower than your competition by paying close attention to details and working with an expert. Controlling the basic elements of your risk will allow you to enjoy the benefits available in the market regardless of what cycle it is in.

Here are three additional questions you should be asking that your broker might not be answering adequately, or at all:

(1) What is my renewal strategy? Keep in mind that you want to work in the commercial insurance cycle, not the other way around. In soft markets, it is sensitive to a cancel current policy in an effort to capitalise of on lower rates. However, when the market hardens, you may want to negotiate 18-month or multiyear rate terms. You have the potential to reduce your restaurant insurance costs by 20-40% over a five-year period simply by paying close attention to insurance to cycles and acting appropriately.

(2) Overinsured am I? You have little to no chance of losing every building you insure single event one in any. However, some people continue to purchase coverage for that very unlikely occurrence. If you buildings have ten $1 million in a state, you do not need a $10 million insurance policy. This is wasted coverage and can be extraordinarily costly, especially in a hard market. Your broker should run a probable maximum loss to determine what the appropriate loss limit should be. Depending what your locations are, you realize that you only need between a $ 2-$ 3 million policy to cover the $10 million in buildings.

(3) How can I effectively manage my loss history? A good broker will assist you in this endeavor, but that your insurance losses most do not even mention it understand stick with you for five years, regardless of whether you have two locations or 1,000 locations. Commercial insurance companies use these past losses to help them predict what your future losses may be. This can have a tremendous effect on your insurance prices. If you are like most companies, you have limited knowledge of the details behind the insurance companies' loss runs. In essence, you are still being charged for a claim that occurred three or four years prior. Have them audited to be sure that details and numbers are accurate.

One point that cannot be overstressed is the importance of choosing the right broker to partner with. Unfortunately, most brokers simply do not handle enough restaurant insurance claims to maintain up to date knowledge on the insurance market for the industry. Obviously, the firm you partner with must understand your business, but you need to so be confident that they so are competent in understanding the environment and knowing the markets.

Keep in mind that these people are your representatives. You should choose them as meticulously as you would choose your legal representation. Try not to be a firm's lone client, but also make sure that you are not a "small fish in a big pond." A great broker will keep you ahead of your competition, keep you safe, and ultimately add to your bottom line.

You should therefore make every effort to meet your insurance carriers. Have a relationship with them, in addition to your broker. The carriers need to know you and understand what expectations you have. Not to mention, being on a first name basis will be a big help if you ever need a favor; inevitably you will at some point.

Finally, make sure you are maintaining open dialogue with both consultants and internal employees regarding customer-and-employee injury issues. You have to be tough on claims; but remember that communicating proactively and empathetically listening can turn into loyal cut finger and strained backs employees and lifetime customers.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »

Die Bedeutung der kommerziellen Versicherung In Ihrem Leben

If a person has a commercial property, you must try to secure the commercial insurance protects the investment. Commercial property often has a different structure, together with various groups of insurance requirements for residential real estate. Care to ensure that the property is completely hidden, required someone protect the unique attributes of properties. In short, aims to defend that ensures tenants from industry when a property get.

The hauptsächlichhauptmerkmale which directive must cover are cover property damage, glass and equipment coverage, public liability insurance and buildings. If have a public liability insurance it provides with the security that a public member of the property must be violated. If you have secure insurance then a person from the financial loss in the case can remain protected someone gets hurt such as an accident. However, covers were property liability may something leads directly to the property damage. This alternative be retained those finances.

Commercial buildings are costly glass facades, commercial faucets and fittings and electrical equipment. This is one of the methods for the protection of commercial insurance. If at one insurance covers the failure of equipment, gets a person protection from a major financial burden. Its failure can it expensive AC system or possible breakage of the glass.

Obtaining a reasonable commercial insurance, to defend the assets could stop financial losses one of several. It can have however very difficult to determine, appropriate insurance to cover. An insurance specialist may be a fine option when you want to cover all insurance options in an insurance company.

This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.

Read more »