Car insurance > HOW DO YOU PROTECT YOUR BUSINESS AGAINST THE LOSS OF A KEY EMPLOYEE

HOW DO YOU PROTECT YOUR BUSINESS AGAINST THE LOSS OF A KEY EMPLOYEE

Key people are vital to your business. The loss of one or more of your key employees can cause disastrous problems. Sales may be lost. Credit can become more difficult to obtain. Profits may shrink, momentum may be lost, and training a replacement will cost you time and money.

Life insurance on key employees can provide a business with a cushion to absorb the shock of such a loss. Most astute business owners insure physical assets from destruction. But when it comes to a business owner's most valuable assets?key employees?many forget to take the same precautions.To protect your business you might consider an insurance policy that protects a business when an essential employee dies. The employer pays premiums for an insurance policy on the key employee's life. The employer is the owner and beneficiary.

At the key employee's death, the employer receives the policy's tax-free death benefit.*During the life of the key employee, cash values accumulate tax-deferred free every year. The cash values also generate an asset on the business' balance sheet that can be used to create a reserve fund for opportunities and emergencies. It can also form the basis of a deferred compensation or a split dollar insurance program for the key employee. When the key employee retires, the benefit can be transferred to him or her. After the key employee's death, the tax-free proceeds provide funds to hire and train a new key employee, replace lost sales and profits and provide a death benefit for the employee's family or stock redemption (both complete and partial)*.

These funds also help assure customers and creditors of the business' solid financial position during this transitional time.A business should protect itself against the loss of its most valuable asset: key employees. Key person insurance is a business' best means of protecting itself from the loss of these important people. Good management dictates that employers protect themselves from this risk. If you employ anyone whose sudden, unexpected loss would significantly affect your sales, profits and credit, then you should consider key person insurance.*In some corporations, the death benefit may be subject to the corporate alternative minimum tax..

Keith Muth is a shareholder and Managing Partner for Virginia Asset Management (www.vamcompanies.com). He is a Certified Public Accountant, a Chartered Financial Analyst, and a Certified Financial Planner -- one of only 158 people nationwide who hold all three of these prestigious designations.

Car Keys Locked Inside


While backing out of your garage or even just your driveway this morning, you surely managed to leave some scratches on your car. Not only that but after a couple of miles, you seemed to have ran out of gas. Luckily, you were near a gasoline station and were able to fill up your fuel tank.

However, it seems luck has fled from your side for the day. After filling up, you were able to drive for some distance when a tire of your car went flat.

Of course, you had to change the tire yourself. And while you were at it, you noticed that the hubcap you purchased along with some Pontiac auto parts seemed to have fallen somewhere between your current location and your garage. Because you were already late for your work, you hurriedly grabbed your things and rushed out to catch the elevator.

Tough luck. Now that you need to use your car to drive back home, you just realized that in your hurry,...

Car Keys Locked Inside
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Buying & Renting a Holiday Home in the Sun

For those who think buying a holiday home, to rent, is an easy way to make a profit on your investment you should be aware that it isn't as easy as it sounds. To start with, there are over 500,000 holiday home owners in the UK - and most of them rent out their property. You can expect high out goings, management commission and fees, insurance bills, and the usual household bills.For anyone considering buying a holiday home, to rent, these six pieces of advice will be invaluable.LocationChoosing a good location is vital,not only because you want a location which is popular with holidaymakers, but also one which is not overly competitive. Destinations like Florida and Spain have, over the years, become highly competitive with thousands of holiday villas available for rent. It is important that you look for facilities close to the home - restaurants, bars or shops, particularly since holidaymakers will be catering for themselves.Type of accommodationThink about your target customers. <...

Buying & Renting a Holiday Home in the Sun
Car insurance > Buying & Renting a Holiday Home in the Sun

Make More Sales By Airing Your Dirty Laundry

There's an old saying, "Don't air your dirty laundry".If you're selling any product or service either online or offline this is horrible advice.You see sooner or later, your customers are going to find out the negative aspects of your product. Call it kama if you like, but they will.
And when they discover it, at the very least you'll lose credibility, generate higher refunds and lose customers for life. At the worst your business reputation will get entirely trashed.This doesn't even take into account your prospects. If your product raises objections with actual customers you can be sure
your prospects will pick up on them too.

This is not voodoo. Every point of sale has a vibe. People pick up things unconsciously. If they get an adverse feeling then they back out and you lose another sale.So what's the answer? Air your dirty laundry. In fact be proud of it! If you point out any problems upfront then you're in control.

Let me give you an example...A friend...

Make More Sales By Airing Your Dirty Laundry
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Kid Fitness Programs

Kids' fitness is a major concern today with several kids becoming overweight or even obese by the time they reach their teenage years. Over 40% of the kids in the US are believed to be overweight. Even though obesity is often believed to be because of genetic factors or because of over-eating, lack of proper exercise is also a major reason for obesity among children. There is an imbalance between activity and diet that causes even children who eat normally to put on excessive weight. Obesity is...

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Car insurance HOW DO YOU PROTECT YOUR BUSINESS AGAINST THE LOSS OF A KEY EMPLOYEE Car insurance HOW DO YOU PROTECT YOUR BUSINESS AGAINST THE LOSS OF A KEY EMPLOYEE

Advantage PressurePro LLC. and Dowwell Ltd. of Shanghai, China Form Joint Venture

Advantage PressurePro LLC., Harrisonville, MO. announces a Joint Venture with Dowwell Ltd. Of Shanghai, China. Advantage PressurePro LLC and Dowwell Ltd. approved the signing of the agreement on November 15, 2004.

The Joint Venture is known as Advantage Asia Ltd.Phillip G. Zaroor, President of Advantage PressurePro LLC. and Jin Weihau, President of Dowwell Ltd. are confident that Advantage Asia Ltd. will position PressurePro? TPMS to become the leader in one of the fastest growing automotive...

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Car insurance > Advantage PressurePro LLC. and Dowwell Ltd. of Shanghai, China Form Joint Venture

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