Tips for choosing a financial planner
Mr Ghaz, January 2009.
Tips for choosing a financial planner
Choose your best financial companies that gives you better financial protection. Be Certain of this. Unwanted events are often just around the corner. Just when you thought your career path was secure, your company fails. You’re back on the job market in a depressed employment climate.
There are big mortgage payments to meet and your children are about to start a costly overseas university program. Or, someone drives into your parked car and then drives off. You come back from holiday and someone has helped themselves to all your household belongings. There will be medical costs to pay. There could be fatal accident.
This is why you need financial protection, in order to give you security and peace of mind that if anything unfortunate happens to you, your family’s financial needs will still be met.
Some of the financial protection offering the better life protection plan. It originates from the standard practice of mutual protection and assistance.
Centuries ago, traders agreed to protect each others against a particular loss by donating to a common fund for a set time period. Once losses were compensated, the remaining amount (profit) in the common fund was shared back among those that participated.
This mutual protection and assistance with profit sharing principle remains in force today. The concept of the mutual protection is not exclusive to a few customers. Some of the Insurance companies structured so that contractual terms, elements of protection and operational, to achieve the standard code of practice.
Safeguarding your property and business
There is wide range of protection elements you should consider when evaluating your unique requirements. These usually start with protection for your property, contents and stock from fire or other perils like lightning, flood, wind and rainstorm, earthquakes and landslips. There’s also the risk of malicious damage to consider or the possibility of damage from a burst pipe or water tank.
A basic protection plan will pay for the costs to repair or replace what’s been lost due to these events. A more extensive plan will also compensate you for the increased cost of working following one of these events, where you might have to operate temporarily from another location or pay for additional services.
Beyond these normal exposures there are also other considerations such as how your business might be affected by crime.
Make sure your assets are adequately protected, for example, cash kept on site, inventory and equipment, computers and their data, important documents and, personal effects belonging to employees.
In addition, no matter how conscientious you are making your business premises safe – accidents and injuries may happen. What if an employees, contractor or visitor sues you for an accident that happens on your premises? Legally, you are responsible for not just negligent acts you may commit, but you’ re responsible for not just negligent acts you may commit, you are also responsible for negligent acts committed by your employees. A costly settlement could put a severe financial strain on your business.
We believe there is no such thing as a `one size fits all’ protection plan. Each enterprise has unique needs that are dictated by its size and the nature of its business. This is why some of the financial Institute offers `Flexi Cover Plus’ protection plan. This flexible protection product enables you to choose the types of protection and levels of coverage that are the most appropriate for business owners.
To find out the financial companies that can offers you a better range of contemporary protection services and business protection solutions in 2009, search on the Internet or from others available sources for more details.