It is good to have the entrepreneurial drive and the courage to start your own heavy commercial trucking business. The task is a challenging one and involves putting in place a number of elements that are vital to its success. So while you may have the necessary licenses, manpower, premises, vehicles and finance all tied up, you must not neglect one other very crucial aspect, and that is adequate insurance. Though it would appear to be a logical...more
How Does Death Insurance Work? Death insurance is not the same as life insurance because of some very distinct terms to it. It is also known as accidental death insurance and can sometimes cover dismemberment if the client wants to have it included in the policy. Life insurance pays off no matter what the reason of death is in most cases unless there are clauses for suicide and other death related issues. It is very important that you...more
An insurance contract is a contract under which one party (the insurer) accepts signicant insurance risk from another party (the policyholder) by agreeing to compensate the policyholder if a specied uncertain future event (the insured event) adversely affects the policyholder. Insurance risk does not include nancial risk (eg risk of changes in market prices or interest rates).IFRS 4 has been issued as a short-term measure to ll a gap in IFRSs. In the absence of IFRS 4, entities would be required to account for insurance contracts following precedents in other standards, and the denitions, recognition criteria and measurement concepts for assets, liabilities, income and expenses in the Framework for the Preparation and Presentation of Financial Statements. For most entities, applying those precedents and the Framework could have resulted in substantial changes in accounting.In most respects, IFRS 4 allows an entity to continue to account for insurance contracts under its previous accounting policies. However, the standard makes some limited improvements to accounting for insurance contracts :Catastrophe provisions and equalisation provisions are not permitted.They are not...more
Common Insurance Schemes: A Know-How To Avoid Becoming a VictimInsist on delivery of documents within 30 days of the application.Call the company yourself to confirm coverage.Read the documents you receive and ask questions. Make agents and companies reply to inquiries in writing.Remember, Medicare insurance will NEVER call or visit your...more
If you have been reached at the point of phase, when it is essential to transfer your things and that also at some different place then you might be going for a moving truck rental or moving services that can transfer your domestic things from one place to a new with the guarantee of moving your things securely and cautiously.Therefore finally if...more
After youve bought your first new truck, what should be the next best thing to do? Yes, right. It is time for you to find the right dump truck insurance company. You may think that you are the slowest and safest driver in the world but you can never be safe when you hit the road. Yes, you drive safely and follow traffic rules but how about the other drivers who dont really care about road safety? This is when truck insurance is needed.Of course the premium rates o old and new trucks are from different but dont be too worried about the cost of the rates for there are a lot of sites that offer reasonable rates and the only thing you need to do is invest time finding them.Dump truck owners planning of getting insurance for their new trucks have varying criteria. It is very typical for new truck owners to go for providers that give out the lowest rate with the concept that insurance providers have the same rules and policies and it is only when you file a claim that you realize the differences among providers. But most of the case insurance holders put more weigh on how they are being treated during and after their claim; the low premium rates become lesser important.Here are some ways...more
An Insurance Coverage Story Which Has A Difference Anywhere you look, you see insurance adverts. Half the time you answer your phone, its some poor call centre person trying to sell you an insurance plan. You have it shoved in your face each...more
Towing Business' Missing Coverage With the convenience of the internet and insurance companies broadening their markets many tow truck business owners are finding themselves in a position of great exposure to their businesses. By working...more
Commercial Vehicle Company was informed from the JAC, the first quarter of this year, commercial vehicle sales reached 62,500 JAC, including light truck sales of 53,000, an increase of more than 70%. It should be noted that the current Japanese JAC...more
Inexpensive Insurance Price Quotes Insurance Price Quotes For Low PricesThere are different facts to keep in mind even though availing insurance price quotes. Obtaining any type of insurance that is excellent for you is not a really tough...more
World Cup Live Coverage Everyone's chattering about the 2010 FIFA World Cup matches. It has just started this June 11, 2010. The one month event will be a box office hit for soccer fans. The boys are all enthusiastic about the upcoming...more
State to state, insurance is regulated differently across the United States. While regulation is only one factor in the price consumers pay to insure their homes - the others being wealth, climate, weather, geological dangers, and competition - it is...more