Liability Insurance Explained

Employers Liability This is required by law and it covers personal injuries sustained in the course of their employment by your employees. It will also cover an employee (current or former) if they become ill as a result of their work. Failure to take out an employers liability policy can result in fines of up to 2500 Mighty Men and Monster Maker any day Dell comics are without Nutty Mads cover.

Public Liability This covers injury to a member of the public or damage to their property caused by you or your business. Premiums depend on the type of business you run, your turnover and the number of employees you have.

Products Liability If you sell (or give away) a Garbage Pail Kids you are legally responsible for any damage or injury that the product you supply may cause. Products Liability will cover you against any compensation awarded as a result of damage or injury caused by your product. Cover is also available to protect you against costs incurred in having to recall a product. With some recent high profile product recalls (SAAB announced it was recalling 33,100 cars in the UK and 297,000 units Worldwide due to a ignition problem) now, more than more, is it crucial to ensure you have the correct level of cover.

Directors & Officers Directors & Officers (or D & O) is a policy that protects officers and directors of a corporation from liability in the event of a claim or lawsuit against them claiming wrongdoing in connection with the company's business. Premiums for this type of cover have risen dramatically in recent times so the use of a good insurance broker is highly recommended to ensure you get the best deal.

Liability 1954 Topps baseball cards and Business Insurance doesn't have to be complicated and it doesn't have to be expensive. Choose your Insurance Broker or Insurance Company wisely and make sure you get the protection, peace of mind and cover you need.

This article was written by Mark Burdett, Marketing Manager of Northern Counties Insurance Brokers. Mark has over 17 years Marketing experience in the Financial Services industry and has worked on campaigns for companies including Norwich Union, Kia and Zurich

Now based in Newcastle upon Tyne Mark is Marketing Manager for one of the UK's Leading Insurance Brokers - Northern Counties Insurance Brokers

Northern Counties have been providing Business Insurance to businesses since 1928 and can be contacted on 0191 482 1219 for all your Commercial Insurance and Business Insurance needs

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Tax Reduction and Cost Segregation - Myths and Facts

Tax tips and tax help to assist taxpayers by space ray gun options for tax reduction and tax cuts through lawful tax deductions.

Tax reduction and tax deferral are both generated by cost segregation. vintage men's magazines this tool is not well understood by most real estate investors and by many tax preparers. The root cause of limited understanding regarding cost segregation and how it provides tax reduction is limited dissemination of factual data on Phantom of the Opera model subject.

The most prevalent myths include:

• Cost segregation does not provide tax reduction, only tax deferral.
• Cost segregation is too expensive. It only works for properties with a cost basis of $10 to $20 million or more.
• Cost segregation is risky; it is a tax shelter likely to cause an audit.

All three myths are simply incorrect.

Cost segregation provides tax reduction by converting income which would have been taxed at the ordinary income rate (35% maximum) to income taxed at the capital gains rate (15% maximum). During the ownership period, cost segregation generates additional depreciation real estate investors can use to shelter income from the property or other sources. In many cases this income would have been taxed at 35%.

Upon sale, the property owner and tax preparer will collectively allocate the sales price. In most cases, short-life property such as carpet, vinyl tile and Littlechap have depreciated and the market value of these assets (at the time of sale) equals their depreciated cost basis. In this event, the additional depreciation is taxed at the capital gains rate. Hence, the real estate investor gains both tax reduction and tax deferral.

Cost segregation used to cost $20,000 to $50,000 per property and was only financially feasible for properties with a cost basis of at least $10 million. However, fees for cost segregation studies are now much lower. It generally makes sense to order a cost segregation study if the cost basis of improvements is at least $500,000. In most cases, the first year tax reduction is at least two to four times the fee for the study.

The myth about cost segregation studies being a risky scheme is 1952 Bowman baseball carsd inaccurate. A properly prepared cost segregation study is encouraged by the IRS since it generates more accurate accounting. The Audit Techniques Guide is a 100-plus-page manual regarding the background and proper methodology for a cost segregation report.

Both the advisors and appraisers (who perform cost segregation studies) have studied and understand the Audit Techniques Guide. Cost segregation studies are encouraged by the IRS. In private correspondence, IRS staff has indicated a cost segregation study does not increase the change of an audit.

If you are a real estate investor or use real estate in your business, ignore the myths and obtain a free preliminary analysis to determine if you could benefit from a cost segregation study and increase your tax reductions and tax deductions.

Cost segregation produces tax deductions and reduces federal income taxes across the country and in every size market. Below are just a few examples of where cost segregation generates meaningful tax deductions.

City:

• Philadelphia, PA
• Boston, MA
• Denver, CO
• Memphis, TN
• San Francisco, CA
• Tampa, FL
• Hartford, CT
• Atlanta, GA
• Miami, FL
• Orlando, FL
• Allentown, PA
• Harrisburg, PA
• Lancaster, PA
• Greenville, SC
• McAllen, TX
• Tulsa, OK
• Charleston, SC
• Chattanooga, TN
• Palm Bay, FL
• Oxnard, CA
• Madison, WI
• St. Louis, MO
• Columbia, SC
• Lakeland, FL
• Youngstown, OH
• Knoxville, TN
• Detroit, MI
• Columbus, OH
• Des Moines, IA
• Cincinnati, OH

Cost segregation produces tax deductions for virtually all property types.

Property Type:

• Fast food restaurant
• Department store
• Auto dealer
• Convenience store
• Service center warehouse
• Self-storage
• Drugstore
• Land
• Multifamily
• Medical facility

Almost every industry, including the following, can generate cost-efficient tax deductions by using cost segregation.

Industry:

• Automotive parts distributors
• Frozen food manufacturing
• Apparel manufacturing
• Electrical component manufacturing
• Plastic and rubber products manufacturing
• Publishers
• Textile product mills
• Building supply dealers
• Wood product manufacturing
• Golf courses and country clubs

O'Connor & Associates is a national provider of investment real estate consulting services including href="galvestoncentral-appraisaldistrict.com/Articles/commercial_real_estate_appraisal.cfm">commercial real estate appraisal tax deductions, cost segregation, property tax, tax reduction, market research, highest and best use analysis, partial interest valuation, financial modeling, Brazoria county appraisal district, Tips and Tricks for Appealing Your Property Taxes in Galveston, Galveston county appraisal and Federal tax reduction. Appraisal services are provided for all commercial property types including nursing homes, discount stores, truck terminals, tennis clubs, supermarkets, country clubs, medical offices, mini-warehouses, restaurants, vacant lands, skating rinks, community shopping, centers, power centers, car wash facilities and service stations.

Patrick C. O'Connor
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What to Do in an Auto Claim For Personal Injury

You will need more than just a good lawyer on your side when you decide to file an auto Action Jackson injury claim. Of course, a lawyer is the key to the success of your claim, but facts and evidence are also vital to your case.

For instance, what would be, according to you, the first thing the other party's insurers will look at first? The answer is simple - police records and then, they will Charlie's Angels right to your medical records.

As a victim in a car accident your primary task is to undergo a complete medical examination as soon as possible after the accident. This will be in your favor for more than one purpose. First, the medic will confront your current situation with your medical history and will know exactly what kind of treatment he can prescribe he will know what to leave aside and where to focus. Moreover, this will be in your better interest as you can prove to everyone that you have nothing to hide, no medical incidents, no untreated wounds which can aggravate as consequence to this accident.

On the other hand, police records are even more difficult to deal with. No law disobedience is left unnoted and all that is written there can at one point or the other backfire on your case. Police records are, more than Wizard of oz playset influenced by witnesses' testimonies and, of course, police investigation at the site of the auto accident. What you could do is to try to interrogate the witnesses yourself and see if the testimonies you got are the same as the police has. Many have been the situations where the two have not coincided, and the witnesses' testimonies were disbanded from the Superboy of the claim.

Your insurance company must be, from the very beginning, up to date with every detail of the accident. Concealing something from them may lead to the invalidity of your 1983 Fleer baseball cards on grounds of lying and therefore, no compensation.

Probably the most important element in an auto accident claim is to have a good injury claim solicitor. The more experienced the better. However, it is always advisable to make some research than to go head first and pick the first law cabinet or attorney that you encounter. You may have the pleasant surprise of finding a lawyer specialized on that exact matter which concerns you and from there onwards, with your assistance and honesty, of course, you will have no problems in getting the compensation you ask for.

The other party's insurer or the court of law considering your auto personal injury claim will always trust facts and not statements. Our advice, to anyone going out for a compensation claim is to make sure you have all your facts right. Surprise is not always welcomed, especially in this line of business.

Your auto href="100percent-compensation.co.uk/injury-claim/personal-injury-claim/">personal injury claim can have much to suffer if you do not pay attention to details. Make sure you never leave things unattended. Your future can really depend on your seriousness

How Much Compensation Will I Receive For My Whiplash Injury?

The purpose of Whiplash Compensation for pain and suffering following an accident is to try and put you back in the same car donation tax you were in before the accident. But how is this possible when you are talking about an injury claim? How can an amount of 1964 Topps baseball cards make you better, take away Dark Knight pain and make you feel as if nothing happened? Sadly, it can't but this is the only measure or yardstick that can be used to try and make the situation better; i.e. financial compensation.

The compensation award is more straightforward when you are talking about your losses and expenses rather than your physical injuries. For instance if your car needs bumper and other bodywork repairs, it is easy to put you back in the position you were in before the accident by recovering the cost of the repairs.

The two different types of 1963 Topps baseball cards are called General Damages (the compensation for your pain and suffering) and Special Damages (the compensation for your losses and expenses). I will look at each in turn, tell you how they are calculated, and outline the main types and amounts of General Damages compensation payments.

Damages

Damages is the legal term used to describe the compensation, so for damages just read compensation.

General Damages

This is the compensation award that you will cancer car donation for your pain and suffering. Your sore neck, headaches, shoulder pains, giddiness and dizziness, and the impact that has on your day to day living. For instance, if you have a newborn baby and you suddenly cannot pick up or look after your baby, this will lead to an increased element to your award. Again, you would much rather not have had the pain so that you could hold your newborn baby, but all the court can do is to let you have an additional sum of compensation to recognise your suffering.

With any claim for compensation your solicitor will have to obtain evidence that he can show to the other side and to the court (although the majority of all whiplash claims are settled without the need for a final court hearing). The evidence he will obtain to support your claim for General Damages will be a witness statement from yourself and your family detailing the effects of the injury, and also a medical report. This will be from a GP or an Orthopaedic Surgeon. They will carry out a full medical examination and assess the extent of your injury, recommend any treatment and provide you with a prognosis which is their opinion of how long your pain will last.

Once your whiplash solicitor has this evidence, he will be able to estimate how much General Damages compensation you will receive. He will refer to previously decided cases, and also a book called The Judicial Studies Guidelines For The Assessment of General Damages.

This book splits the compensation awards for Whiplash into the following brackets:

• 750 to 2500 for recovery within 1 year
• 2400 to 4250 for recovery withing 2 years
• 4250 to 7750 for a slow recovery of more than a minor whiplash injury
• 7750 to 13750 for permanent whiplash symptoms

This is how your solicitor and the other side will agree on a settlement for your whiplash pain and suffering. So what about your losses and expenses?

Special Damages

It is much easier to assess your claim for Special Damages because they relate to actual and measurable losses. You will be asked to provide receipts and invoices for any expenses or losses sustained. The most common ones are detailed below.

Car Repairs.

The most obvious one, and an important one for you because if you do not prove that the accident was not your fault your insurance company will have to pay for the repairs and this will impact on your no claims bonus. You do not want to have to pay higher insurance premiums for somebody else crashing into your car. The invoice from the garage will confirm the costs of repairs.

Storage Of Your Car.

If the garage had to store your car whilst they were waiting for the other driver's insurance company to approve the repairs, these charges will form a part of your Special Damages claim.

Car Hire.

If your car was off the road for a number of days and you needed to travel for work or personal reasons, it is reasonable for you to hire a car. However, you must hire a similar car to your own. You will not be able to recover the costs of a Ferrari car hire if you usually drive a Ford Focus.

Lost Earnings.

If you lost money from your salary packet as a result of time away from work, you will be able to claim this back too. Your wage slips will confirm the extent of your losses. Even if your employer kept paying you if you were away from work they might have a clause in their contract that makes you claim the money they paid to you back. You will therefore need to include this as part of your claim.

Treatment.

Whether you received private physiotherapy or chiropractic treatment you can reclaim the cost of treatment. Often the other driver's insurance company will pay for this at the time of the treatment to save you from incurring the expense.

Travel expenses.

This can include travel to treatment or to the garage to collect your car, and is assessed by mileage or receipts from bus or train companies.

Damaged Items.

If any of your items were damaged in the accident, personal possessions such as ipods or sunglasses, you can reclaim their costs (you will need the purchase receipts).

Medication.

This can include pain killers, prescriptions or neck braces.

Any other expenses that have been reasonably incurred can also be reclaimed as part of your Special Damages Claim

Summary.

Your claim for Whiplash Compensation includes a claim for General Damages and Special Damages. Now that you have read this article you will have a good basic understanding of how your claim will be assessed by your solicitor.

See my Free href="1stclaims.co.uk">Whiplash Claims Guide for more information

Nicholas Jervis is a personal injury solicitor (non-practising) and a director of 1stClaims, a claims company which connects innocent personal injury and href="1stclaims.co.uk">medical negligence victims with expert personal injury and medical negligence solicitors at no cost to the individual