By Lance Wallach, CLU, ChFC and Ira Kaplan, Esq., CPA, MBAOver the past decade, business owners have been overwhelmed by a plethora of arrangements designed to reduce the cost of providing employee benefits and taxes, while simultaneously increasing their own retirement savings. The solutions ranged from traditional pension and profit sharing plans to more advanced strategies.Some strategies, such as IRS Section 419 and 412(i)...more
Statutory audit preparation is critical, particularly at the corporate level. It's essential to have a full-spectrum statutory audit function in place at all times. Self insured businesses require a complete information system based on formal compliance criteria.Preliminary MeetingThe usual process for statutory audits involves a preliminary meeting between the regulator and the organisation to be audited.The meeting creates a format and working...more
Its what you work hard for all year. That precious week or two away. Now it is all booked and you cannot wait to get away. You have put the date on the calendar, although you are hardly likely to forget it. Maybe there is one thing that you have forgotten, and that is to buy some cheap holiday insurance.You should not think of travel insurance as being optional as it is very necessary. It could save you a lot of money and does not cost a fortune. It is a a very small percentage of the total cost of your holiday. If you are going to Europe then you may think you are covered. The European Health Insurance card will cover you for basic medical care in hospital, and that's it.This card will only cover you for the cost of basic health care while away. This sounds great until you being to think about it. If you should be injured so severely that you need special transportation to get home you are not covered. This can run into thousands of pounds. If there are any expenses for relatives that occur from your illness then they are not covered.It will not cover you if your baggage goes astray. It will not cover you for any lost or stolen property. If you are travelling outside Europe then...more
Home insurance includes building and contents insurance. These are two separate insurance policies that are often sold with each other. Buildings insurance provides cover for harm to the building. Contents insurance provides cover for contents within. Homeowners should have both. Renters only need contents insurance. Insurers typically offer them...more
Business owners can greatly benefit from having commercial insurance. This type of coverage helps a business in many ways, including protecting them from liability. If a product, service or contract goes wrong or causes injury to a client, liability insurance can help to cover the costs. This is essential if legal action is taken to...more
To some lawyers, the intricacies of maritime law can seem complicated. To the injured seaman, these laws might seem confusing and overwhelming. If you are injured or get sick while working on a vessel on or near a body of water, it is important to know your legal rights. Your rights as a maritime worker will differ greatly from the rights of a worker injured on the job in a non-maritime setting. The first step when you speak with an experienced maritime lawyer will be for him or her to determine which laws apply to your case. Maritime law encompasses a variety of state and federal laws, and the facts of your particular case will determine which laws apply to your situation. Our expert Texas maritime attorneys will make sure the compensation our injured clients receive is more than adequate. Our firm has represented tankermen, barge crew members, deckhands, galley hands, offshore oil drilling rig workers, and longshoremen. Our combined 100 years of experience will help us figure out what maritime laws apply to your case very quickly. The applicable law will determine what benefits you are entitled to. For example, if you can be considered a Jones Act...more
Choosing an auto insurance policy is often considered to be all about the price of the policy. Sure you want the best coverage you can, and you want to be sure that you will get reimbursed for the types of accidents that are likely to happen to you,...more
One of the most well known andcredible names in the health insurance industry is Aetna Insurance. Individuals who do not have the fortune to enlist in a group plan provided by their employer will likely find a plan that fits their...more
If you are in a situation right now where you know that you need health insurance and you are not having it provided by your employer, then you are going to want to begin shopping around. All too often what people will do is go for the...more
There are many different deals out there that offer low prices on travel to and from the UK. Many people will take advantage of last minute deals while others will plan ahead and be first in line of other low prices. Cheap holiday insurance is...more
Residents of the US Gulf Coast region are particularly wary of insurance issues after recent hurricane seasons have proven to be more destructive than usual. They are more careful about warnings, evacuations, protecting homes, and other issues that...more
Commercial business insurance is different from home insurance in that there are different risk factors that can affect your business. A lot of this will depend on what type of industry you are in, the number of employees you have and how you...more