|
|
Federated Insurance's November 'It's Your Life' Column: Planning For The Unexpected
Posted November 29, 2017
As a business owner, you know there are things that can disrupt and possibly cripple the success of your business. You have to focus on, plan for, and address many diverse issues, such as what your competition is doing; federal, state, and local laws; employee issues; etc. All of these and more can threaten your financial well-being.
Have you also considered the impact on your business, on your family, and on your employees if you became disabled? A long-term disability can have far-reaching implications: Not only are you providing for your family, but you also are providing for the well-being of your employees and their families. If disability strikes, you need time to react and hold things together until plans can be worked out. The success of your business is dependent on your being an active owner. A disability can put this success in danger. What steps have you taken to protect yourself and the people who count on you from an unexpected loss of income?
A Cloudy Crystal Ball
Do you know what the future holds? Of course not. So how do you plan for something you can’t foresee—or something that may never happen? Start by asking yourself some thought-provoking questions:
- If you’re disabled for a short time, can you rely on savings and other assets to keep your personal income and family situation stable? For how long?
- Could you ask and require your employees to do more?
- If you had to eliminate unnecessary expenses, how long could that continue without creating a real hardship?
- If you were to suffer a long-term disability, could your business continue to pay you? How would you survive the loss of income? Would your business survive?
These are things no business owner wants to think about, but should. Planning for the unexpected—just in case—can put your mind at ease and may protect you from financial disaster. To help with your peace of mind, you may want to consider individual disability income protection. These products provide a monthly income if you are unable to work due to an injury or sickness. If your business is trying to provide you with an income, this type of protection could help to reduce the financial strain. Specialized riders or policy provisions can allow you to work part time, or even provide additional monthly benefits that can be used to offset business expenses during your disability.
Insuring your income is as important as insuring any other business risk. If it’s one thing life has taught us, it’s that things can happen suddenly, so it’s a careful business owner who prepares for that. Protect your most valuable asset—the ability to earn an income.
This article is for general information and risk prevention prevention recommendations only and should be considered legal, coverage, financial, tax, or medical advice. The information may be subject to regulations and restrictions in your state. There is no guarantee following these recommendation will help reduce or eliminate losses. The information is accurate as of its publication date and ia subject to change. Qualified counsel should be sought regarding questions specific to your circumstance. Copyright © 2017 Federated Insurance, All rights reserved. |
|
The Carl D. Perkins Act: What Is It and Why Is It Important To PHCC Members?
Posted November 27, 2017
PHCC has been a long-time advocate of the Carl D. Perkins Act, which is geared to increase the quality of technical education. The Perkins Act provides almost $1.3 billion in federal support for career and technical education programs in all 50 States, including support for integrated career pathways programs. But what exactly does it do and why is it important to PHCC? We previously tackled these questions in a PHCC webinar, which you can view here.
Though Congress continues to fund the Perkins Act at its current funding level, PHCC has advocated for increased funding with expanded programs. The House was able to pass a true PHCC supported reauthorization of the Perkins act in the last two years, however the Senate has not taken up the reauthorization. Expect Perkins Act reauthorization to be an important issue for PHCC in 2018. |
Subscribe To The PHCC Colorado E-Newsletter: It's Free
Posted: Nov. 27, 2017
Members and non-members alike can receive our free email on happenings in Colorado's plumbing, heating and cooling sectors.
Sign up here
Of course, PHCC Colorado members receive access to specialized reports, databases and bulletins unavailable to non-members. They also get discounted pricing on our webinars and events?
Are you a PHCC Colorado member? Thank you! Not a member? Join us!
|
Federated Insurance November Risk Management Corner
Posted November 23, 2017
It's Beginning to Look a Lot Like Winter
It shouldn’t be surprising that weather-related auto accidents account for a lot of insurance claims every year.
No matter where you do business, every state, including southern states, experience periods of severe winter weather. Commuters and employees who drive as part of their job face driving risks every day, but especially in harsh weather.
Keep an Eye on the Sky
Roads covered with ice, snow, sleet, heavy rain, or freezing rain can affect vehicle traction, handling, and even visibility. These best practices may help you and your employees prepare for winter road hazards.
- Remain alert for scattered slippery spots, especially on bridge decks and overpasses. Frozen slush can produce ruts that can “grab” the vehicle’s wheels and affect steering.
- Adjust speed to compensate for road conditions. Snow and ice dramatically increase the time and distance a car or truck needs to maneuver and stop. When driving on snow or ice, speed should be well below the posted limit.
- Leave extra room between you and the vehicles around you. This could give you an extra second or two for reacting more evenly in a surprise situation, and help avoid sudden maneuvers that can cause rear-end collisions, spinouts, or rollovers.
Outlook, Watch, Warning, Advisory – Know the Difference
The National Weather Service issues these forecasts, which are broadcast on NOAA Weather Radio and local radio and television stations. Knowing when an alert has been issued in your area helps drivers to plan accordingly.
The Driver
Drivers need patience. They shouldn’t hurry to travel when driving may be difficult. They also need to pay attention to changing road conditions and stay focused on the situation. Distracted or drowsy drivers have slower reaction times, which could mean the difference between safely avoiding an accident—or not. Winter driving and behind-the-wheel distractions could be a deadly combination.
The Vehicle
You’ll appreciate having your vehicle ready for winter, too. Check the windshield fluid level, and ensure the wiper blades are appropriate for cold weather. Clear all windows of snow, frost, or ice before hitting the road.
Cold weather affects tire pressure, which should be checked as temperatures drop. Sufficient tire tread depth is essential for better traction. If your state allows tire chains, keep a set handy. If you drive long distances or in rural areas, carry emergency supplies in case of a breakdown.
Be Prepared
Federated’s Shield Network® offers a selection of risk management materials and videos that can help your employees prepare for cold-weather driving. Please make it home safely every day.
This article is intended to provide general information and recommendations regarding risk prevention only. There is no guarantee that following these guidelines will result in reduced losses or eliminate any risks. This information may be subject to regulations and restrictions in your state and should not be considered legal advice. Qualified counsel should be sought regarding questions specific to your circumstances and applicable state laws. Copyright © 2017 Federated Insurance. All rights reserved. |
PHCC Webinar with Susan Frew on December 6
Posted: November 20, 2017
The Real Numbers of the Workforce Shortage…..Are You Ready?
Wednesday, December 6 - 1:00 pm
One million skilled workers will be missing from our workforce in the next 3-5 years. Baby boomers, the largest part of our workforce, are aging out of the system. Susan Frew, owner of Sunshine Plumbing, Heating & Air and a PHCC Board Member recently gave a TEDx talk titled “The Runaway Train of the Skilled Trades Crisis.” Susan will share some of the staggering workforce statistics she uncovered in her research for her talk. With 80% of her own plumbing business clients being women, Susan wonders if the answer to this crisis for the p-h-c industry might be women themselves. Join us for this fast-paced webinar to learn more.
Click Here to Register
|
|
|
|
|
<< first < Prev 51 52 53 54 55 56 57 58 59 Next > last >>
|
|
Page 56 of 59 |
