Are you running the risk of an uninsured business? Beware get a “Business insurance”Written by Mansi gupta
Are you running risk of an uninsured business? Beware get a “Business insurance”Human life is precarious and so are activities they indulge in. So it is not just human life that needs to be protected but work that he does - his business etc. that needs to be safeguarded. A business is a living not just for its owners but also for workers and ones benefited by it. Business insurance thus is too significant to be understood in today’s life. What is business insurance? Like life insurance takes care of one’s life, business insurance looks after one’s business. All one needs to do is to select what aspects or parts of business should be secured. This can be comfortably done after one makes an appropriate assessment of his company’s turnover. Since insurance companies provide insurance on basis of company’s turnover. According to turnover a businessman can decide how much he can afford to spend on insurance of sentient (his partners, workers, he himself, main suppliers etc.) as well as insentient (machines, workplace, equipment used, cash transactions from factory to bank, shipments and like). A case in point can be- a dye machine that is supposed to be main machine in a factory and has a high cost price should be insured first. Not just this, worker handling machine should also be insured for if any accident happens with him insurance money will take care of its medical expenses and all. Besides this all heavy machinery, any new machine or plant to be set up, place where business is set up, partners in business, workers who work day and night and all other things whose damage or loss can incur financial burden or even crisis can be successfully insured.
| | What is a Self-Certification Mortgage?Written by John Mussi
A Self-Certification mortgage is a mortgage designed for people who are unable to provide proof of income. This type of mortgage was originally designed for self employed who historically experienced difficulty obtaining a loan with 'high street' lenders due to not having audited accounts available. If you are unable to show your earnings due to being self-employed, a seasonal wage earner, or anyone with irregular earnings such as a contract worker or commission-based employee, or in salaried employment with a supplementary source of income, an unsalaried company director, or varying other reasons - a Self-Certification mortgage could be best option for you. Self-certification mortgages allow borrowers to certify their own earnings without having to supply documentation, such as payslips. With a self-certification mortgage you declare what your income is but generally you do not need to provide any proof. You can apply if you are employed or self employed. Self-Certification mortgages have also found favour with salespeople and other workers who receive a high proportion of their income as commission or bonus. Even though you may have achieved high earnings this way for years, commission or bonus may still not be considered in calculations by high street lenders. Self-certification can also be suitable for professionals who often start on a low salary, but whose incomes can rise rapidly. Self-certification mortgages are suitable for applicants whose income is not easily verifiable, like self-employed or those that receive commissions. If you're self-employed, a contractor, have irregular income or multiple jobs, you are probably one of many who know you can afford a mortgage but have difficulty proving your income. Self-certification mortgages are also quite good for people just starting out in a new career with good steady income and a fair amount of deposit behind them. Self-certification mortgages are ideal for self employed people who perhaps have not been in business for required three years or cannot produce accounts for a three year period but can demonstrate usually through an accountant's reference that they can meet mortgage payments.
|
