With unemployment high, retirement numbers growing and more and more people chasing their dreams, new businesses a popping up everyday. Many of these new businesses offer speciality services that may sound ideal for a consumer. But because these companies are new, they have no researchable track record. The best way to protect yourself when dealing with these new businesses, is to make sure the company has a surety bond. Take for example my friend Jim. Jim is a fifty year old accountant who has been recently downsized. For the past 28 years, he has been a successful, reliable numbers cruncher. But ever since he was a teen, Jim has had a passion and a knack for electronics. After being downsized, Jim decided to pursue his passion. He registered his company, got a surety bond and took an ad in the local newspaper.
Is liability insurance important even if you’re an IT professional? Whatever kind of business you go into it is very important to have insurance plans. If you are a computer technician you should make sure you purchase computer technician insurance so you are covered if something happens as you work. Today, we have a world that is complex, quick, and sometimes hazardous. You’d like to have liability insurance for the just in case, the hidden or the accidental side of the business end. You wouldn’t think having an identity could cause any harm, but today, you have a very big problem with identity, called identity theft that can bankrupt you over-night. But what is liability insurance?
General liability insurance is covers damage , bodily damage, property damage, and medical coverage for a person who gets hurt on your property. Contractual liability, is very important to get in the IT, industry for it covers premise-lease, elevators, railroad deliveries or side track agreement, and license agreements for easements. Liability insurance compliments your technology professional liability insurance. If you’re an inventor and loves to tinker you will need the liability insurance for your safety as well as peace of mind. Check with your trusted insurance agent for all the different liability coverages for our State which are tax deductible too!
All children from 3 to 103 love a good texas magic show. But what is right for a group of children of 3 to 5 may not be right for a sweet sixteen birthday. Very young children are easily frightened by overly made up clowns but they gravitate towards a magician in the traditional garb for some reason. Pulling a rabbit out of a top hat works with these young people. But pulling a rabbit might seem lame to a group of teenagers who might also like magic shows even if they are acting too sophisticated for such fun. Teenagers love card tricks and slight of hand magic.
Depending on the party giver’s budget, the magician can plan to entertain his audience with the simplest tricks that are mind bending or down right childish like pulling tissues out of someone’s nose.
The company underwriter should obtain an in-depth knowledge about the principal’s entire business operations such as financial status, work-in-progress, experience, management capabilities etc. These details should be analyzed by the company before getting into contract. In case if the project fails in the middle the company should provide financial support to help the contractor, or appoint a new contractor, rebid the bond, or it should pay the cost of completion of the project as stated in the bond. Conclusion, surety bonds are a valuable contract which provides security to customers throughout the project. All the three parties the contractor, customer and the surety company will gain profit if the contract is completed successfully.