Limited Liability Company – LLC A Limited Liability Company, orLLC is a legal form of business organization with daily activities like a partnership but with limited liability similar to a corporation. The Limited Liability Company or LLC is neither a partnership nor a corporation, Limited Liability Company (LLC) is a relatively new business structure allowed by state statute. An LLC is a distinct type of business that offers an...more
"Is it worth insuring my business?" This is the usual question that business owners have in mind when asked if they do have business insurance. The answer is simple. It is a big YES. All types of business must have a certain form of insurance for its business and for its employees. Non-profit and profit organizations are never excused for this. Even small and large scale business ventures should avail of the benefits of business insurance. The...more
Income protection insurance has been available in Australia for a number of decades. It pays up to 75% of your income if you become sick or injured for a period of time. Income insurance offers financial security by giving you funds to pay for living expenses and bills while you recover.In Australia, there is no such thing as the best 'income protection policy' as touted by a number of life insurance companies. There are only policies that may suit your particular situation and needs more so than others. This is because each life insurance company has different definitions, different products, and also because everyone's situation is different.How do I decide on the best income protection insurance policy for my situation?There are a number of factors you should consider to determine which policy is best for you.1. Types of policies - there are two main types of policies. These include indemnity value , and agreed value income protection. An indemnity value policy is where you must prove your income at claim time. An agreed value policy is where you must prove your income at application time. There are pro's and con's in choosing either type, so be sure to speak to your financial...more
A Guide to Purchasing Health Insurance for Your Cat For most owners, pet health insurance is essential for peace of mind. However, if you about to purchase pet health insurance for your cat, you may want to think carefully about which policy to buy. Frequently, pet owners make the mistake of buying a policy that is too excessive or does...more
There's one thing in life which is certain: paying your taxes, and dying. With that in mind, you would think that everyone in Australia would have a funeral plan, right? In actual fact it's the reverse, many of us don't like thinking about death, it's a part of life that is hard to face, and as a result many of us don't have this type of cover in...more
You may question whether it is safe to buy life insurance online in Australia, but it is actually a very popular way of not only buying but comparing policies.The main type of personal cover available in Australia is called 'term life insurance'. It protects you for death, usually until age 99, and pays a lump sum benefit to your beneficiaries or to your estate.There are also a number of other products placed under the life cover umbrella. These products include trauma , TPD and income protection insurance.How to buy life insurance onlineWhen buying cover online in Australia you can choose to buy policies directly from a life company's website, or through an online comparison service.Buying direct from the life insurance company onlineWhen buying cover online be sure to go with a well known company with a good reputation. If you are in doubt, look for a company with an 'A' or 'AA' rating. These are the top ratings given out by an independent company that can help you determine the trustworthiness of a company.Buying from an online life insurance comparatorAnother way of buying cover online is to go through an online comparison service. There are a number of websites that compare...more
There are many ways that you can make a good income, but the best one among them is to start your own business. However, when you start hiring people, who will be working for you, the main thing that you will have to buy them is employee insurance....more
Setting Up My Limited Liability Company Filing the PaperworkAfter getting a physical address for my as of this time purely online business, I could now complete the paperwork to setup my own Limited Liability Company. (See previous posts for why I...more
Get Business Insurance Just what Type of Business Insurance Do I Need to Purchase for My Business?Depending on the individual risk characteristics of your business, the broker-agent will present you with various insurance coverage choices for...more
Baby Life Insurance to Protect Your Childs Future Are you looking for baby life insurance? There are some great life insurance companies online for babies, but there is only one that delivers on the promise. I like to research all the...more
Three Ways To Save On Medicare Supplement Insurance Are you bewildered by the array of Medicare Advantage plans and Medicare Supplement insurance? Here is how to cut through the jargon and find the best protection from the gaps in Medicare's...more
When it comes to insuring a taxi service, providers will often divide them into two different types, private hire and public hire. A private hire taxi service is one that has its vehicles booked prior to use and can also be known as a private car...more