private accident insurance

The private accident insurance pays the insured person suffering from an accident a permanent physical damage. A permanent impairment is accepted when the consequences of accidents expected to stay for longer than three years remain. The accident was primarily designed to secure the capital, which consists of an accident

    * Compensation of accidental loss of pay, especially if no disability insurance can be completed,
    * Conversion of car or home,
    * Additional agents or therapies, health insurance or pension insurance carrier does not assume,
    * Help in the home or in childcare.

Who can shoulder these costs themselves, does not require insurance. Accident insurance provides physical damage according to a percentage of the agreed sum disability. The percentage is determined by a Gliedertaxe. Then the after accidental loss or accidental use of such inability

    * One thumb, 20 percent of total disability
    * A hand 55 percent of the total disability
    * 70 percent of a leg disability sum
    * One eye paid 50 percent of the total disability.

In this respect the private accident insurance of workers' compensation, which takes no Gliedertaxe the measure, but focuses on the reduction of earning capacity, taking into account particularly the loss of function. In turn, invalidity insurance, the impairment of the profession is governed. If medical history or disabilities have contributed to the disability, this is taken into account and deducted accordingly. On the amount of the deduction or the degree of causation can often argue admirably.

You can also take out insurance quotes, which provides for payment of accidental death. If life cover is required, but should a life insurance policy to be completed. Nevertheless, the insurance of a small sum in the event of accidental death in the accident insurance is recommended. In a clear accident disability, such as amputation, is made in the year after the accident, an advance only in the amount of death benefit. This is because a death resulted from the accident within one year after the accident, only the death benefit is paid.

The premium of the insurance depends on the classification into risk groups. The risk group A comprises professionals without physical activity. Women are generally classified in this risk group. The risk group B comprises professionals with physical and dangerous activity and is therefore more expensive.

The condition of contract and works of the accident are increasingly expanded and divergent range of benefits offered. This should be no one's eyes to the point of view is adjustable, which will determine whether and to what level of insurance benefits from the accident. These are priority.

A. Main issues

1st Insurance coverage should be available even when

a) invalidity by proper motion and increased effort,
b) loss of consciousness (eg by drugs, epilepsy, fainting, alcohol),
c) Disability as a result of infection (eg ticks, tetanus, malaria).
d) It is important for people with pre-damage is done in what amount and kind of reduction in performance, if they have contributed to the incapacity. Is a common trigger, unless the disability to 25 percent or more back to the pre-damage. Better deals offer only deduction from 40 percent.

2nd Adequate disability basic amount
This is more important than a high progression of 500 or even 1,000 percent. For even at a lower degree of disability, the one in daily life can already seriously limit, then a sufficient amount is paid. This is calculated based on the principal sum and not at the total disability. A common rule of thumb for determining the disability determines the sum total disability working people by age and income:

30 years = six times,
40 years = five times,
50 years = four times the gross annual income.

Regarding the amount of the sum insured, please note the examples in child accident insurance.

3rd Progression
Through the agreement, a "progressive" the insurance benefits to rise progressively with higher levels of disability. In the normal progression is effective from 25 percent or 50 percent disability. We recommend a progression from 225 percent total disability. Who has represented for example, 100,000 € invalidity principal sum and is totally disabled by an accident, would receive 225,000 euros.

4th No annuity
From the agreement of the annuity is not recommended. The pensions from insurance contracts raise the price of the contract immense. Moreover, accident benefits are often too low. The annuity is paid usually only from very high levels of disability of 50 percent. Better and better protection provides a sufficient sum disability. This can be used flexibly and also how a pension can be used for monthly payments. This is paid only the interest or capital consumption possible. Examples see children accident. Only when these main aspects of the accident are true, you should concern itself with other details that make the insurance protection more attractive. Here too there is a preference.

limited liability and insurance

Limited Liability Most small businesses that consider incorporating do so for the limited liability that corporate status affords. The greatest fear of the sole proprietor or partner—that his or her life's savings could be jeopardized by a law suit against his or her business or by sudden overwhelming debts—disappears once the business becomes a corporation. Although the shareholders are liable up to the amount they have invested in the
corporation, their personal assets cannot be touched.
Rather than purchase expensive liability insurance, then, many small business owners choose to incorporate to protect themselves.
Raising Capital It can be much easier for a corporation to raise capital than it is for a partnership or sole proprietorship, because the corporation has stocks to sell.
Investors can be lured with the prospect of dividends if the corporation makes a profit, avoiding the necessity of taking out loans and paying high interest rates in order to secure capital. However, from a banker's perspective, a newly formed corporation is a more risky loan applicant
than an individual with a home and other assets. Attracting Top-Notch Employees Corporations may find it easier to attract the best employees, who may be lured by stock options and fringe benefits.
Fringe Benefits One advantage C corporations have over unincorporated businesses and S corporations is that they may deduct fringe benefits (such as group term life insurance, health and disability insurance, death benefits payments to $5,000, and employee medical expenses not paid by insurance) from their taxes as a business expense. In addition, shareholder-employees are exempt from paying taxes on the fringe benefits they receive. To be eligible for this tax break the corporation must not design a plan that benefits only the shareholders/owners. A good portion of the employees (usually 70 percent) must also be able to take advantage of the benefits.

buying insurance

Everyone understands that the fundamental concept of buying insurance is to protect one’s own financial interests. What is not well understood is that our legal relationships with others create obligations to protect their financial interests as well. When we assure that those legal obligations are taken care of, we secure our own financial well-being.
Once this abstract discussion is reduced to everyday terms, the concept does not seem so strange. These are relationships of great importance to individuals and businesses in their everyday lives and activities and one’s insurance decisions are interwoven with these relationships.
These relationships can include:
* mortgage lenders on your home;
* lenders on your auto loan;
* lenders on other items, whether as lenders or lessors on contracts for business equipment; and,
* persons with whom you have contracted to sell goods or to provide goods and services, who require that they be named as additional persons insured under your policies.

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