Public Liability Insurance – Various Fields Linked to It

Insurance policies are provided by companies in order to handle the various unexpected problems that may occur. The conditions can be related to anything but it is always better to follow some of the safety rules that will at least assure a tension free mind even when an individual is in danger. Insurance policies are designed for each and every profession. According to the profession, the service and premium amount may vary which will be revealed in front of the person who would be the member of the insurance policy. Public liability insurance is related to so many different fields and being an insurer you should have information about all the different forms.

Here the discussion topic will be related to interior designers who do require liability insurance. As an interior designer an individual should be concerned about the various actions that may get a person into trouble. Such actions may bring some kind of legal formalities that can be either against you or against your company. It is known to everyone that public liability insurance is not a legal demand and thus people do avoid it but the main aim is to have protection and security.

Another case is linked to authors or the writers where occupation seems quite harmless and thus most of the writers or journalists frequently avoid the various deals with business insurance. It should be known that whether an individual is working from home or from the office, care should be taken in relation to insurance policies. An individual and the various people working under him should be insured but in case of writers the case is quite different. Liability insurance is specialized for writers and because of that there is a variation among the rates or premiums of the liability insurance in the countries like UK. Writers basically involve journalists, technical writers, authors, script writers and reporters etc…

The policy is complete and covers infringement of copyright, liability to the public, libel and slander and breach of confidentiality. The main aim of Public liability insurance in this case is that the cover should include the documents that are lost or damaged due to an accident or intentionally by some unknown person. The medium for covering can be anything that is published over the books, magazines, local and national newspapers, websites, journals, radio etc… Thus, writers should be concerned about such policies in order to recover the matter they have lost.

Gold & Your Money, Insurance For Your Wealth Part 3 – What Could Start a Global Financial Meltdown?

In the first article in this series; Gold and Your Money – Insurance for Your Wealth During a Financial Meltdown; Part 1 – Gold as Money or One World Currency? We discussed potential relationships between a financial crisis, gold and its use in those times and the US and world’s governments’ objections to such use and the most likely first choice for them in this situation – a ‘One World’ currency.

In the second article of the series: Gold and Your Money – Insurance for Your Wealth During a Financial Meltdown; Part II – Return to a Gold Standard? We explained what a gold standard means, how it dominated our countries economic history until 1934 and what it would do to our economy if it were re-instituted. We discussed the advantages to the citizens for such a move and the problems it would create for today’s career politicians. In this article, we will explore the different components relating to a potential economic meltdown or crisis and events that might kick start a financial meltdown. They are more realistic than ever before in or history. The forth article will help us decide if there are conservative measures we can take to protect ourselves and those we love in case it all starts to un-wind.

To fully appreciate what it might take to ignite a financial meltdown, we need to get a clear picture of where we are today. If the economy was growing from a base of solid economics, this topic would be nothing more than speculative thinking. Morbid speculative thinking of which I would have no part. My faith would tell me to focus on what’s good in life. It still does, but my experiences, skill sets, AND my faith, mandate that I write what I see and let you decide what it means for you.

Without going into pages and pages of detail (I do that in a forum discussed below), a quick survey of current economic conditions are warranted.

The stock markets and financial markets in general seem to be trying to hold up in spite of what is generally bad news. There is this sense that everything is on the edge….like it is waiting for something to push or pull it one way or another. Do you feel it? There is nothing anywhere on the near term horizon that looks strong enough to pull the market up with any real, continued, well supported recovery. Unfortunately, if there was a direction that the facts would be pointing to…it would be for a decline. This recovery really has no legs. There is not a stitch of evidence suggesting anything else. And there any number of ways a correction could start.

For example, let’s say another wave of increased home foreclosures begins to show up. It has. In spite of the U.S. Governments 75 billion Home Affordable Modification Program (HAMP), foreclosures rose again in April and are on course to exceed the 2.8 million initiated in 2009. Over 932,000 filed in the first three months of 2010. In addition, there are a great number of adjustable mortgages coming due this year. Add the same rate of foreclosure’s in the commercial real estate market and we have the makings of an economic crisis knocking at our door.

The largest bankruptcy in the history of America recently happened when the huge commercial real estate-mall owner operating company General Growth declared bankruptcy – roughly 9.7 billion dollar bankruptcy…the largest in U.S. history. To begin to understand this, Wikipedia lists the GDP of over 191 countries – 69 of which are smaller than this one bankruptcy. Search Wikipedia for global GDP or go to my website..

There is much evidence that the only reason we have not seen this already is because the market is being artificially supported knowing that the combination of residential and commercial would crush the U.S. economy taking most of the world with it. Lenders are holding on looking for government bailout funds while hoping and praying for a turn around sufficient to get them back in the black.

On February 11, 2010, the Huffington Post ran an article titled: Elizabeth Warren Warns About Commercial Real Estate Crisis, ‘Downward Spiral’ For Small Businesses and Local Banks.

“There is a commercial real estate crisis on the horizon, and there are no easy solutions to the risks commercial real estate may pose to the financial system and the public,” says a report issued Thursday by the Congressional Oversight Panel, the bailout watchdog led by Harvard Law professor and middle-class advocate Elizabeth Warren. It went on to report:

“Over the next five years, about $1.4 trillion in commercial real estate loans will reach the end of their terms and require new financing. Nearly half are “underwater,” meaning the borrower owes more than the property is worth. Commercial property values have fallen more than 40 percent nationally since their 2007 peak. Vacancy rates are up and rents are down, further driving down the value of these properties.” You can read more on this article and access the link at the end of this article.

There are many stories about this if you go looking for them. This may not be main stream quite yet…but it is widely known.

And by far the worst sign of all is our own government’s complete denial of fiscal restraint with their wild and undisciplined spending via freshly printed fiat money at paces never witnessed in history. With every additional dollar they create and flood in the economy, the farther away we are from knowing what will happen next. It seems obvious to me that they do not know what to do and are just working month to month. In truth they have very few options left, most all have been spent.

And they are not alone. Virtually every economy in the world that had any semblance of stability printed billions of their own currency as a global stimulus ensued in the aftermath of the economic crisis of October 2008. From Viet Nam to Dubai to China, Europe and many, many more governments went to their Treasuries and Central Banks and authorized them to print more currency in an aggressive attempt stave off economic collapse. The world’s economies are on edge.

If we were to add a political crises or two, that could be the last straw to break the camel’s back. Lord knows there are enough options to qualify. Of course the wars the U.S. is fighting now could take a turn or grow in scope. Certainly Israel comes to mind. Iran seems to be hell bent to crash one way or another – into Israel, or the rest of the world as we all tire of annihilation as an agenda. Throw in an earthquake in a major financial center… Think that a little crazy – did you ever think a volcano could do what it did to much of Europe? We are all so tied together today that it is like a big house of cards. If we learned anything in late 2008 it has to be that.

With global economies on shaky ground, and investors around the world hyper nervous just waiting to push the panic (sell), button, any combination of economic – political – environmental situations could trigger fear which moves to selling which moves to panic and a global crash like 2008 or worse.

It may in fact have already started. Smaller western style economies are already failing. Iceland led the group. Next it was Greece. This does not take into account money the International Monetary Fund has given to countries on the brink of economic collapse. Well respected Roubini Global Economics (RGE), commented on April 20, 2010:

“Public debt sustainability has exploded as a serious issue in advanced economies, most notably in the euro-zone’s “PIIGS”-Portugal, Italy, Ireland, Greece and Spain-but also in many larger OECD economies, including the U.S. These issues within the Euro-zone stem primarily from a loss of competitiveness, high wage growth and labor costs which outstripped productivity, undisciplined fiscal policies and, crucially, the appreciation of the euro between 2002 and 2008.”

The International Monetary Fund and the Euro-zone countries have come under increased criticism by the markets and it’s own citizens around their in ability to deal with the continued debt sustainability. They target Spain, which is not yet in the minds of many typical citizens still focused on Iceland and Greece as the next country with potentially worse economic and labor market problems needing international help and strategic economic and political reform not likely to happen. Its citizens would have to willingly accept a greatly reduced standard of living. They won’t do this on their own. No matter – they will be forced to in the near term as will so many countries trying to live so very far from their means.

So follow the progression…the worlds economies were on the brink of economic collapse in late 2008. They all printed large amounts of un-funded money and infused their economies with it artificially stimulating economic growth. This debt is still out there and the support it provided is now moving through the system and losing its affects. From a balance sheet perspective, all of these economies, the US included, are worse off than ever before…and we are approaching that same place…again. Is another round of stimulus funding an answer? It cannot go on forever. Sooner or later, spending or own money that we are borrowing from ourselves beyond what we can ever pay back just can’t work. It is not wrong to flatly state that we have never been here before. We have not. This is all a grand experiment and I am certain we will have our answers sooner rather than later. One to three years is my guess.

These countries share similarities to the US economy. They all of course had run up so much debt, that it became apparent to the rest of the world that they would never see their money so they stopped lending. These economies were so far underwater, that without additional loans to fund their debt, they collapsed. Social programs and other free spending habits of politicians who had no idea what the word ‘no’ meant bankrupted these countries. These politicians had the power to protect their citizens to be sure, but the citizens themselves shoulder a fair amount of the blame. Many apparently believe(d) that the government was a source of unlimited funds that would never circle back and hurt them individually. Sure.

You ever get an underlying sense…a gut feeling or a spiritual knowing that things are not right? Often these feelings are supported by subconscious gathering of data…a cumulative affect of bits of information over time. I am there now – are you? If so, perhaps much of what you and I feel today fits into this category, or, maybe God is allowing us to see ahead of time that everything has a reckoning.

What is the point you ask? The point is we are being offered some time to take some steps none of us had probably even considered up until 2007 or certainly 2008. Real value will become paramount. Unfunded, inflated, fiat “systems” will be exposed to steep losses. You need to transition your thinking. Thinking more about what holds value when everything we thought about value changes. Then you need to quietly acquire as much of this as you can. And, if you are smart about it, you focus on things that minimize losses should we be wrong about all of this and an economic miracle takes place and we get back on a solid track in the next few years.

This represents a time to implement a solid plan B. I have studied what should be a part of your plan B. I will talk more about this in the next article in the series. Gold and Your Money – Insurance for Your Wealth During a Financial Meltdown; Part IV – What are Reasonable Precautions I Can Take to Protect Myself Without Being an Alarmist? Copies of this article as well as the early releases in the series and other related articles can be accessed on my site mentioned below.

Conclusion: I want nothing more than to be wrong about this. I can’t tell you badly I want this to correct without real serious pain. If it got that bad like it did in the fall of 2008, and stayed that way for some time, it would get very ugly. People who had things others valued would have some control of their level of pain. Items needed to survive top the list of course. After some time, a form of economy would start to take shape. Start at least thinking about how you could participate in that economy while taking steps today that minimize your risk if this never happens

Medical Insurance For the Over 50s

Health insurance is a sensible precaution for anyone over the age of 50. Having a medical insurance plan offers you and your loved ones financial protection in the event of unexpected circumstances. Unfortunately, as you grow older, the health risks associated with age increase and, in turn, it can become difficult to find medical insurance that offers good coverage at reasonable premiums. In addition, should you be fully or semi-retired, it may be hard to justify the extra expense. However, there are insurers who do offer medical and dental insurance plans to the over 50s at competitive rates. The trick is to find them and to know how to keep the costs down.

It is often the case that many medical conditions are not life-threatening. However, using the NHS can result in waiting a significant period of time to receive treatment. During this time, you may find yourself in pain or with restricted mobility. A medical insurance plan is a prudent alternative. Insurance companies approve health policies based on certain risk factors. As we age, these risks increase. For the insurers, the ideal scenario would be to sell a policy against which no one makes a claim, as this is where they make their profits. Once a claim is made, their profit margin decreases, which is why medical insurance for the over 50s is generally more expensive than for younger people.

In addition, some insurers simply refuse to offer policies to anyone over the age of 50. Insurers that do cater for people of this age and over will often charge more for standard insurance. Others subject their applicants to extensive medical checks and then have exclusions written into the plan. Over 50s who are still in employment can enjoy the benefits of health insurance offered by the company they work for but, once they retire, the policy will have a limited lifespan.

Fortunately, certain factors are making some insurers reconsider the way they operate their businesses. Statistics show that, as a nation, we are living longer and, as a result, some insurers are relaxing their age limits. In addition, some companies are offering specialist insurance that could save people money, even after the declaration of pre-existing medical conditions that would ordinarily make them a higher risk to an insurer. Pre-existing medical conditions are a common part of many insurance policies. They are medical conditions that are already in existence at the time the policy is taken out. Generally, these increase the cost of premiums as the insurers assume that the risk posed by someone with a pre-existing medical condition is likely to be higher than by someone without such health problems. However, failure to disclose conditions of these sorts to an insurer can result in a claim being negated.

Finding comprehensive medical insurance for the over 50s, which offers good cover at good premiums is possible, but does take a bit of work. You need to be sure that the company you are dealing with has a sound reputation. You will also need to be familiar with the salient points of the policy. This can mean wading through a lot of promotional material and having to decipher industry jargon. The same considerations hold for products like dental insurance too.

Using the Internet can provide the perfect solution to these problems. Online comparison websites collect data from insurance companies and present it in an easy-to-read format. By presenting only the relevant data and presenting it side by side with the information from other companies, it is easy for consumers to compare and contrast deals, perks and premiums. Using this facility means that you can quickly assess which insurer offers you the policy most suited to your needs. In addition, many of these sites include links to the application pages of insurance companies, making the whole process efficient and convenient

Insurance For Independent Musicians – How to Get Covered

I had a crazy thing happen to me in August of 2006 – my entire apartment went up in flames and I lost my home. This got me thinking about how important insurance is and I surveyed a few of the musicians we work with and an overwhelming amount of them had NO Insurance. So I did a little research and here’s what I learned…

I have listed the services I found from easiest to the more complicated to navigate.

First, I called Brian and Shoshana Zisk from The Future Of Music

They told me about HINT: The Health Insurance Navigation Tool. This is a FREE hotline that will talk you through the best possible insurance possibilities based on your specific needs and circumstances.

Shoshana also mentioned that she had all of her equipment stolen a few years ago and she found it at a pawn shop – however because she had no proof that the items were hers she could not get them back – so the

THOUSAND DOLLAR TIP for this newsletter is: If you can’t afford full insurance coverage for your equipment DO THIS:

Write down all of your serial numbers and take photos of everything and keep those on file (and not on your laptop which may also get stolen from your van on the road)

Are you a musician? Do you need advice or information about health insurance? You’re not alone. A 2001 FMC survey of 2,700 musicians revealed that the complicated process of obtaining health insurance overwhelmed many of them.

The goal of HINT is to provide informed, musician-friendly support and advice to curious musicians who need information about health insurance, for free.

There are two parts to HINT:

1. A number of number of articles that give an overview of the options available for musicians.

2. Second, they offer a free telephone advice service where you can talk to an insurance expert about your situation to understand your options.

We see this project as a safety net for those musicians who remain uninsured because of lack of support or clear information. Those musicians who reach out for help will get it.

I urge all of you to make an appt!


I also called Samantha Cox the Senior Director, Writer/Publisher Relations BMI and she told me that she directs all BMI members to Music Pro Insurance.

Music Pro

They offer instrument and equipment insurance if you are on the road and your van gets broken into, health insurance life insurance and even disability insurance. I am pretty sure that All BMI and ASCAP members qualify and according to Samantha the prices vary depending on where you live of course.

The “About” Section says: “We offer the advantage of one stop shopping with low ‘group rates,’ flexible options, and excellent service. MusicPro is endorsed by a rapidly growing list of professional music organizations, including MENC (National Association of Music Educators), the AFM (Local 802 of the American Federation of Musicians), NARAS (the National Academy of Recording Arts and Sciences) and ASCAP (the American Society of Composers, Authors and Publishers). MusicPro is also available through special offerings to Artists Services subscribers and Musician’s Friend Platinum Card Holders.

Insurers Advised – Regain Trust and Improve Health Insurance For Individuals

Health care insurance firms could regain trust of policy owners and prospective clients. They could improve health insurance for individuals through several recommended ways.

Before the onset of the 21st century, providers of health insurance for individuals, through the national trade association, established a code of conduct. It pledged adherence only to professional ethics and high quality standards in the industry. The principle was clearly ‘patients first.’ Logically, not all patients and policy owners would agree that the conduct is being followed.

Thus, there is a need for insurers to regain trust and at the same time improve their products. Here are several suggested ways for them to effectively do so. It would be best if the industry would do something about these.

Eliminate Cancellations Of Policies

Insurers should eliminate cancellations of policies due to innocent mistakes occurring during applications. Such actions should also be relaxed for policyholders who incurred injury or sickness.

To clear doubts and complaints about premiums linked to health insurance for individuals, the amounts should be subjected to transparent and fair accounting and pricing practices. The substantial bulk of funds generated from such premiums should be spent first and foremost on policy holders’ health care.

There Should Be Transparent And Clear Access To Medical Insurance Care

The benefits should be provided to all policy owners in a timely manner. There should also be geographically accessible at in-network rate, preferred, and conveniently accessible physician lists or directories, which indicate which doctors are not in the network or are only available through tiered plans.

Respectful Relationships

Respectful relationships should exist between the insurers, the physicians and all other partners. There should be inclusion of fair contracting and protection of all patients’ medical information. At the same time, there should be appropriate deference to physicians’ skills and judgments.

Medically Necessary Care Should Be Prioritized

Medically necessary care should be prioritized instead of the definitions for economic benefits of specific health plans. Prudent physicians, instead of insurance officers in every situation, should appropriately and accurately define medical care.

Clear Information On Benefit Restrictions

There should be clear information especially on benefit restrictions to the physician and the patient. Benefits offered by health insurance for individuals should always be based on clinically accurate and appropriate medical guidelines.

Comply With All Legislation And Policies

Health care insurance companies should always make it a point to conduct business only with the highest levels of their corporate citizenship. Thus, they should comply with all legislations and policies affecting their business and clinical operations.

Claims For Medical Insurance Provided Patients In An Accurate And Timely Manner

Lastly, claims for health insurance for individuals must always be provided to patients in an accurate and timely manner. The insurers should provide clear explanations of how every claim is being handled. Thus, they need to provide fee schedules, edits on claims, and pay policies, which should be disclosed and made available easily.