Insurance Financial Producers Articles – A Superstar Success Story Cannot Teach Me Anything

Many magazine articles and advertisers think top insurance financial producers can provide answers to highlighting the path to success. Insurance financial products advice becomes a successful story only when applicable. This article explains why a star mass insurance financial producers cloning process could never evolve. Fairy tale story telling can be unimpressive to a mature insurance agent.

During my career as a successful insurance producer, I read articles and ads about superstar sellers and as a result never made an additional dime. I had trouble, viewing it as bragging and not assisting. Their success by no means taught me anything. In turn, I doubt it you learn much by following their mode of operation. When a company official writes the piece, there is a good change he or she personally never sold insurance. If they did, it was not by selling the policy currently promoted. They are over qualified to give sensible advice.

The main problem   Insurance advertisers are looking for the cream of the crop to join their sales force and use their methods. They illustrate how much money their financial producer superstars make, and how easily it is earned.. Moreover, they already have made it over the enormous career hump, and now work almost exclusively with wealthy clients. Trade magazine articles often give payback space to advertisers by letting them write about how their new financial products are going to make producers a success.

Visualize hopping aboard a speeding train without falling off. This is not something you instinctively would do. Do you really think superstars and old-time company people have proven methods you would feel copying? If you are making $60,000, do you think you are going to learn much from someone making $250,000? You are in the majority that made the hump; they are the minority and certainly not idols. Success is never gained by leaping forward. Instead, as you already know it is obtained systematically. This is want you want, this is what you need.

Neither of them remotely comprehends you, the writing agent. They do not know what you want, they do not know what you need. You are looking for steps not an elevator. Hints, ideas and tips by an agent in your similar circumstance is what you want to read.. An article about improving your present situation is what you seek, not about revamping your entire carrier. Top financial producers income may be a future goal, but right now you need added stability to keep your income rising. You do NOT want they have, you want what you can achieve with your own adaptations and achievements. Reality triumphs over dreamland.         

Until insurance and financial trade magazines, and slick advertisers get the hint, ignore their advice. You can learn a lot more from reading success story articles written by typical agents providing useful hints.

Owner Builder Insurance Advice For Owner Builders

There are few insurance brokers out there who take the time to understand your needs and assist you throughout the building cycle process. It is vital that you know what kind of insurance to buy and want kind of cover is necessary.

Owner builder insurance products are a must for anyone deciding to owner builds their home. Don’t get lost with all the different protection and covered offered by different providers, find out which products you need.

So you want to build your own house and add that personal touch to your home? Owner building is becoming increasingly popular and ensuring that you have the correct insurance cover is vital. The key to a successful owner built project is to make sure that you are fully insured from the start.

The following insurance products are a MUST for any owner builder –
1. Construction & Liability Insurance
Also known as contract works insurance or construction all risk insurance which is insurance protection for people renovating, building or extending their home.
Construction insurance protects owner builders from most main risks that may be encountered during the construction and building process. This includes weather related damages, fire, issues with their workers or workmanship and more. (Consult your insurance broker to ensure what risks are protected).
The liability portion of this insurance is known as Public liability insurance. This protects the owner builder for their legal liability for injury or damage to third party property. As an owner builder you are responsible for the site safety and overseeing building works – without this cover, you would be liable if anyone is injured at or near your building site. Although it is not mandatory to have construction and liability insurance cover it would be risky not to have it. Most local councils will, however, require you to have this cover prior to commencing any building work.
2. Personal accident or volunteer workers insurance cover
Building and construction sites are listed as being amongst one of the more dangerous places to work. As an owner builder, you can choose to assist your tradesmen and builders with the construction. If you are injured or incapacitated during construction and cannot attend your normal form of employment, having the right personal accident insurance cover will offer you the right protection.
3. Builders Warranty Insurance
Owner Builder Warranty Insurance mandatory insurance required by the Home Building Act 1989. Although it is mandatory, the policy is for benefit of the house purchaser and does not provide any cover to the actual Owner Builder.
This policy protects the subsequent owner from any defective work on the property if you as the owner builder have died, disappeared or become insolvent. Builders warranty insurance is mandatory insurance cover. It is essential to take out Owner Builder Insurance before any work is started as otherwise the project will be difficult to ensure. Standard policies run for 12 months but, if the construction takes longer, extensions are usually available.
Owner builder insurance is compulsory for all residential building works in excess of $12,000. If you are an owner builder and sell your property within 6 years of its completion or renovation you will ne to provide the with residential owner builder warranty insurance.
It is required by law to be taken out when selling within the statutory period – Statutory period for New South Wales and Victoria is 6years and 7 years in Western Australia.
An Owner Builder, who sells within 6 years of completion without any Owner Builder Warranty Insurance, or who fails to attach an insurance certificate to the Contract of Sale can be fined, amounts over $10,000. If a Contract of Sale has been entered into without Owner Builder Warranty Insurance, the contract can be voided by the purchaser at any time before completion of the contract. It is therefore in your best interest to ensure you have the right advice when owner building.
SavillHicks Corp is a leading Australian insurance broker that specializes in owner builder insurance. Savill Hicks will assist you by being actively involved with owner builders from permit stage right through to the sale. We will talk you through all the vital products required at a cost effective rate. Visit our website for more information on owner builder insurance, builder warranty insurance and construction & public liability insurance.
Different Types of Builders Insurance –
Learn how to differentiate the different builders and tradesmen insurance products. Learn which ones are mandatory, what each cover and who can provide you with the best information and service on selecting these products.
Insurance for Tradesmen – (trades insurance)
Even the most careful and skilled tradesmen can make a mistake or have things gone wrong. In such a scenario it would be unfortunate to not have the adequate insurance cover to protect not only yourself but also your employees, contractors, and tools.
What types of insurance should tradesmen get?
Public Liability Insurance – This will cover injury to 3rd party at or around the building site
Mobile Plant and Equipment Insurance – this will ensure that all your mobile plants and building equipment are protected not just at the time of damage but throughout the policy term.
Other builder’s insurance products at a glance:
Builder Warranty Insurance
With this insurance cover the building contractor is required to obtain the builder warranty insurance for every project they work on that exceed $12,000.
Construction insurance
Construction insurance or contract works insurance/construction all risk insurance offers protection for people renovating, building or extending their home.
This cover protects builders from most main risks that may be encountered during the construction and building process including weather related damages, fire, issues with their workers or workmanship and more.
Professional Indemnity Insurance:
This insurance covers members of a particular profession that adhere to a code of practice and have minimum educational stipulations or requirements. This would typically cover any loss from the conduct of consultants or subcontractors if under the insured’s direction they would not be covered themselves.
Directors and Officers Insurance: which deals with the civil liabilities that directors can incur personally? It protects people in these positions against wrongful acts during the period of capacity
Owner Builders need to take out:
Public Liability Insurance: Again this will protect owner-builders from injury to 3rd party at or around the building site
Personal Accident or volunteer’s worker’s insurance – this covers the owner builder from any injury or damage should they choose to assist the tradesmen during construction. This cover can also extend to the owner builders family/friends (up to 10 volunteers on site for a nominal premium)
Choosing the right insurance broker to help you find the products and cover suitable to your business and budget can be tricky. Savill Hicks Corp has found that by offering a personalized service they take the time to listen to you needs. Being specialist providers in builder warranty insurance, owner builder insurance, and home warranty insurance we offer you comprehensive cover, over the phone service and same day quotes. Visit our website for more detail.

What types of insurance should tradesmen, builders or anyone in construction invest in?

1. Public Liability Insurance – This will cover injury to 3rd party at or around the building site

2. Mobile Plant and Equipment Insurance – this will ensure that all your mobile plants and building equipment are protected not just at the time of damage but throughout the policy term.

3. Builder Warranty Insurance – This requires the building contractor is to obtain builder warranty insurance for every project they work on that exceeds $12,000. This is mandatory insurance so should not be overlooked.

4. Construction insurance – or contract works insurance/construction all risk insurance offers protection for people renovating, building or extending their home. This cover protects builders from most main risks that may be encountered during the construction and building process including weather related damages, fire, issues with their workers or workmanship and more.

5. Professional Indemnity Insurance: This insurance covers members of a particular profession that adhere to a code of practice and have minimum educational stipulations or requirements. This would typically cover any loss from the conduct of consultants or subcontractors if under the insured’s direction they would not be covered themselves.

6. Directors and Officers Insurance: which deals with the civil liabilities that directors can incur personally? It protects people in these positions against wrongful acts during the period of capacity

Anyone deciding to owner build their own home shoud ensure they are correctly covered for any accidents that may occur during the process. Owner Builders need to ensure that they have

1. Public Liability Insurance: Again this will protect owner builders from injury to 3rd party at or around the building site

2. Personal Accident or volunteer’s workers insurance – this covers the owner builder from any injury or damage should they choose to assist the tradesmen during construction. This cover can also extend to the owner builders family/friends (up to 10 volunteers on site for a nominal premium)

This is an overview of all the insurance products you need to understand if you are in the building and construction industry. Savill Hicks Corp is a leading insurance broker catering to the building and construction industries.
Home Warranty Insurance
Home warranty insurance is acquired by a builder and has to be issued to the homeowner to protect them against loss due to completion, defects, and any other statutory breaches.
It is a legal requirement that all builders take out this insurance. Unfortunately the insurance does not cover any contractual disputes or defective/unsatisfactory work by a builder. This can, however, be taken up via tribunals under the consumer protection legislation.
As a homeowner, it is advantageous to ensure that a builder has home warranty cover as it ensures that the builder is fully registered. A home warranty is required for a builder’s registration. It also promotes the builders adherence to standards as they need to consistently produce good work to remain registered.

What Could Void Your Family Holiday Insurance?

Family holiday insurance is a must-have when travelling abroad. It can be tempting to skip out on the coverage in order to save a few pounds, but the expenses you could face when the unexpected does happen will hit your finances very hard if you are caught unprepared.

Equally dangerous – if not more so – is when you unknowingly void your coverage through negligence or ignorance. Here are some of the most important areas of concern that you need to be aware of.

1. Failure To Declare Pre-Existing Conditions – One of the worst things you can do with any form of family holiday insurance is to fail to mention a pre-existing condition. Diabetes, asthma, heart ailments, blood conditions – these and any other kind of pre-existing condition need to be declared before you finalise your purchase. Your insurer can avoid liability for any medical procedures stemming from these pre-existing conditions if you don’t disclose them.

2. Risky Activities – Any activity with an element of risk, like diving or horseback riding, will need a special form of coverage designed specifically for these activities. It is for this reason that travellers must come up with a plan for all activities they wish to engage in while on holiday. Go over this list with your insurer before you make your decision.

3. Lack Of Reasonable Precautions – Just because you’re covered by family holiday insurance doesn’t mean you don’t need to take care of yourself. If your insurer can prove that you didn’t at least take some reasonable measures to protect yourself or your family and that you could have easily avoided your dilemma if you had taken basic safety precautions, then you could find yourself having to cover the expenses incurred during such an event.

4. Wilful Recklessness – Intentionally putting yourself in danger, on the other hand, is even worse. The principle is the same as engaging in risky activities without the proper coverage, but willingly putting yourself or your family in harm’s way – especially when the potential for harm is clear for all to see – is grounds for your insurer to nullify its obligation to pay for any damages resulting from this recklessness.

5. Engaging In Illegal Behaviour – Breaking the laws of your host country is definitely grounds for your insurer to avoid its responsibilities. This does not just apply to criminal activities; driving on the wrong side of the road or refusing to comply with socio-cultural laws are two examples of engaging in illegal behaviour, and chances are you will have to cover the damages resulting from this behaviour.

6. Availing Of Travel Promotions – Some family holiday insurance providers include clauses excluding cover for when you avail of promotions like loyalty points or air miles. This is something you can usually see buried deep in the fine print, so take the time to scrutinise the contract if you plan to go on holiday while using promotions.

Keep all these points in mind and you’ll be able to go off on holiday with the peace of mind that, should you need it, your insurance policy will pay out should you need to make a claim.