Many people seeking security for their homes or even businesses tend to consider the prices first and quality second. This has resulted in the contracting of unprofessional security guards or poor electronic security installations for their premises. Be it in the construction industry, malls or industrial premises, quality security services should be the first factor then look at the prices. A lot of individuals simply go for untrained, unkempt security guards picked from the villages to man very valuable assets and installations. This is the main source of insecurity since the guards are underpaid, untrained and are easily compromised. Below are some of the benefits of hiring professional security guards.1. Professional guards aid in loss reductionBusiness premises and even homes are attractive grounds for thieves and robbers. Some are very busy and demanding and need a good eye to oversee the security. Without adequate security, employees can easily pilfer goods and collude with the unprofessional security personnel to rip off the business. One may save on the monthly fee for the security service but the loss in terms of materials and goods can be unimaginable. It is very advisable to contract a reputable security firm with professional services and at favorable rates. One can get very good services from small firms that focus on training, supervision and customer care. In most cases, the big firms show lack of concern to clients when there is a problem. A professional guard will detect breaches in the security setup and will demand gate passes before allowing any exit of materials. With these measures in place, business loses will be reduced remarkably.2. Reduced insurance premiumsSome insurance companies require an assurance that good security measures have been put in place before they give a cover. This is a very good way to pay lower premiums while getting premise security at the same time. Be fully prepared before going to an insurer for a discussion.3. Minimized security guards supervisionDealing with private guards can be a tough task especially if the organization is busy. The best option is to outsource the service to professionals who will handle all the headache of personnel planning and deployment. These security companies will handle all the supervision and give you a report. Any new instructions and demands are simply directed to the security company and a smooth running of the security will be guaranteed as long as the security firm is run professionally and is in good contact with its clients.6. Competent response to all kinds emergenciesEvery premise has its share of risks and possible emergencies. With this in mind, everyone needs to have a professionally trained security guard to handle all the emergencies that may occur. And with the ever rising cases of robberies, terrorism and accidents, it is very important to have someone close who is experienced in emergency and first aid activities.7. They will go the extra mileWith a well trained and motivated security guard, your business will benefit a lot from the extra little services. The guard will handle customer care duties at the entrances and since they are the first point of contact with your customers, it is very important that you get a well dressed and groomed security guard. They will offer many types of assistance to the business or domestic setup.With all these benefits and many more, you need to get a professional security guard for the success of the business and safety of your home. There are some security companies out there, little known but very effective in service provision but at very good rates. Avoid the informal guards who have no training or professionalism. Spend a little more and gain the benefits.
Many borrowers that have “hair” on their potential commercial loan are forced to look at both the commercial stated income loan or the commercial hard money loan. Although both loans fit within the commercial “sub-prime” category, both fall into different niches. Neither option is ideal for the borrower, but either loan can be a viable option for borrowers that have been declined by traditional banks.What’s the difference?Commercial Stated Income Loans, as the name implies require less documentation than normal, and allow the borrower to essentially “state” their income and not provide tax returns. These loans are designed to be more of a long term hold for the borrower where as hard money is more short term. Fixed periods are typically 3-7 years (Can be as long as 30 years) and amortization periods are between 25-30 years. Prepayment penalties are stiff ranging from 5% for 5 years to 10% for 10 years.In addition, some stated income lenders require lock out periods for as long as 5 years. Currently (2008), rates range from 8.5% -13% with 1 – 2 points for the typical commercial stated income loan. On the positive side, loan to values on purchases can go up to 90% and up to 80% on refinances. Personal credit scores are very important with this loan program as well.Commercial Hard Money Loans in contrast, are designed to be more of short term solution as borrowers try to improve their situation. Lenders are very concerned with the borrowers exit strategies and want to be paid off within 6 -36 months. Rates are high at between 12%-16%, interest only, with 3-6 points on the front of the loan. Most hard money lenders do not have prepayment penalties – although a few do, they call them “exit fees”. Loan to values are a critical component, which are much lower with this program being typically capped at 50%-60%. Personal credit score are relevant but not as important as loan to value or the exit strategy.Which is the better option?Without oversimplify the situation, the borrowers loan to value, credit score and planned holding period, often decide this question for them. For example, if the borrower is attempting a cash out refinance at 75% loan to value, there are simply no hard money lenders that will fund that deal. The borrower would be forced to consider the Stated Income Loan. Another example would be if the borrower’s credit score was low at say 550. There are no stated income commercial lenders that would consider this transaction. However, many hard money lenders would still fund that deal if the rest of the details fall into line.If the borrower situation allows them to pick which route to go, the choice normally boils down to the expense of either loan. The rate and points are especially high with hard money, but the borrower can sell or refinance (once stabilized) the property without penalty in the near future. On the other hand the points and rate are lower with stated income but the prepayment penalties can be very expensive. If the borrower is planning on selling the property within the prepayment penalty period he should be very aware of this cost and be assured that the loan can afford it.
There are so many insurance policies, insurance policies come in different prices, features and benefits.The truth is you can’t possibly choose to purchase every insurance policy, you should streamline your choices to mandatory insurance policies.It’s quite easy to know which insurance coverage is mandatory; all you have to do is ask yourself this important question… “What is the most important thing to me?” This is an important point to consider, there is no point insuring something that is of no importance to you. The protection of assets that matter to you is expedient in the establishment of a solid financial backup plan. There are many insurance policies that can help you protect your assets and earning ability. However, prior to the purchase of any type of insurance, you must ensure you understand the terms of the coverage that’s expressly written in the policy. You can choose to enlist the services of your lawyer to peruse the content of your insurance before appending your signature to seal the deal. This write-up highlights the mandatory policies everyone should have, they include the following;1. Car insurance: there are mandatory laws for car insurance in certain parts of the world. A car insurance is one of the mandatory insurance policies everyone must purchase. The importance of purchasing an automobile insurance cannot be over emphasized, regardless of if you drive a jalopy or an automobile that has been purchased over the years. An automobile insurance is a solid backup strategy if you get involved in a car accident that results in the injury and/or damage of another person’s property. Such an unfortunate incident could subsequently subject you to a lawsuit that might cost you all you have worked for. The tragic result of an accident is burdensome, no one wants to be found in such a fix. Without a car insurance, you are at a risk of losing everything you own. As a matter of fact, if you purchase an insurance policy with a coverage that helps you with meagre savings, you are not better off than a person without a car insurance coverage. Ensure you purchase a car insurance that can cover any unlikely or unforeseen automobile accident.2. Life insurance: a life insurance policy enables you to protect people that depend on you financially. Such people include your children, spouse, relatives or other loved ones. If you feel your loved ones might encounter financial hardship if you lose your life, then this type of insurance should be at the top on your list of mandatory insurance policies. You can choose to purchase a life insurance policy that will serve as a substitute for your annual income over the duration of years in which you plan to stay employed. Your choice of life insurance might also incur burial costs, this will relieve your family of any unexpected financial burden.3. Long-term disability insurance: the fear of considering the future possibility of a long-term disability is one of the major reasons why people ignore long-term disability insurance policies. Everyone hopes that nothing bad will happen to them, this isn’t a wise decision. Don’t get me wrong, while it is always good to stay positive, it is even better to have a backup plan. It is mandatory to consider purchasing a disability policy that gives you and your family the required coverage to maintain your current standard of living, even after losing your earning power. The disability policy helps you to protect your earning power if you happen to suffer from any form of disability later in the future.Health insurance: the high cost of getting the required medical care is a major reason why purchasing a health insurance policy is a necessity. Simple consultations result in soaring bills these days, not to talk of hospital bills you have to pay as a result of severe injuries that have left you confined on the hospital bed for days, weeks, or even months. Hospital bills for a surgical procedure might total into 5 to 6 figures, without a health insurance you might end up spending all you have on a severe health condition in weeks. The financial burden of an increased cost of health insurance policies is nothing compared to the cost of medical care without a health insurance.
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