There may not be a laid down definition of life coaching, however the broader strokes would involve the following aspects. A life coaching expert will help the aspirant fill the gap between what he is and what he aspires to become. Help the candidate remove the mental blocks, negative thoughts in order to remain positive and productive. The life coach focuses on overcoming the emotional behavior of an individual in order to focus rationally on the work at hand. The life coach therefore shapes the future of the individual and there are chances that he/she may be privy to a lot of personal information of the client. The client usually follows what you as a life coach tell him/her to do. When the client is successful it is fine, however when the client does not find success, that is when the trouble begins. Some of the candidates might even feel cheated by the course and take legal recourse; life coach indemnity insurance is the only way to safeguard against such litigation.
Many of the candidates that you have coached would have benefited, those few who did not may take a legal recourse for compensating the loss for the wrong advice that you may given or the training which did not bear any fruits. Though their claims might be baseless and have vested interest, however you would have to defend yourself. Defending can take off a lot of finances from your savings. At such trying moments you should not be found looking at making the financial arrangements. At such times of crisis, it is important to focus on the case at hand. Life coach indemnity insurance allows you to focus on the legal proceedings rather than worry about the finances. This insurance is the financial safeguard from unwanted loss due to litigation. When you do not have to worry abut the finances you can go full blast in defending yourself in court.
The life coach indemnity insurance indemnifies you from the losses due to litigation against you for reasons like, breach of duty, any claim of defamation, inaccurate advice, loss of data or documents in your possession. The insurance helps you navigate the financial difficulty by helping you with monetary assistance during the out of court settlement of a claim, expenses for legal proceedings and in case the final verdict is against you, payment of the claim. The extent cover offered to you will be a function of the amount of the contract and the client you are catering to. The risk involved in the work that you do is also an important factor in determining the premium payable.
www.wallacerisksolutions.com.au
Tuesday, 29 March 2011
Ferrari Claim
What would you do if your Ferrari went up in Flames?
Panic, cry and then call your broker on a Saturday morning while he is fishing?
That’s exactly what one of our clients did. Driving down the road, the last thing you expect to see in the rear-view mirror is flames and smoke (that’s the panic bit). When you pull over, exit the vehicle, pick yourself up and watch the thing of beauty that is a Ferrari burn (that’s the crying bit) then you call your broker and hopefully hear those calming words “don’t worry you are fully insured just get it towed and we will deal with it first thing Monday morning”.
I am pleased to say our client was comprehensively covered through one of our underwriting agencies who uses Lloyds of London as security. The claim was set in motion on the Monday, forensics carried out the following week to determine the cause (in this case it was a fuel issue) and the claim was paid out within 30 days of the incident.
As a broker we are always on the lookout for insurers that act in a timely manner and I must say we are extremely pleased with the outcome- as is our client. There are so many insurers out there who will cover your vehicles, but when it comes the exotic or prestige motor vehicles like Ferrari, Porsche, Lamborghini, Aston Martin and the likes you, need to make sure that you have suitable coverage from an insurer that understands these types of vehicles and what you put into them - time wise, financially and emotionally.
Make sure your covered properly in an event like this.
If you have any queries or would like an alternate quote do not hesitate to Contact Wallace Risk Solutions
Panic, cry and then call your broker on a Saturday morning while he is fishing?
That’s exactly what one of our clients did. Driving down the road, the last thing you expect to see in the rear-view mirror is flames and smoke (that’s the panic bit). When you pull over, exit the vehicle, pick yourself up and watch the thing of beauty that is a Ferrari burn (that’s the crying bit) then you call your broker and hopefully hear those calming words “don’t worry you are fully insured just get it towed and we will deal with it first thing Monday morning”.
I am pleased to say our client was comprehensively covered through one of our underwriting agencies who uses Lloyds of London as security. The claim was set in motion on the Monday, forensics carried out the following week to determine the cause (in this case it was a fuel issue) and the claim was paid out within 30 days of the incident.
As a broker we are always on the lookout for insurers that act in a timely manner and I must say we are extremely pleased with the outcome- as is our client. There are so many insurers out there who will cover your vehicles, but when it comes the exotic or prestige motor vehicles like Ferrari, Porsche, Lamborghini, Aston Martin and the likes you, need to make sure that you have suitable coverage from an insurer that understands these types of vehicles and what you put into them - time wise, financially and emotionally.
Make sure your covered properly in an event like this.
- What am I covered for?
- Is it Agreed or Market Value
- Are my modifications and accessories listed
- Who are the noted drivers and are non-noted drivers covered
- Check to ensure your vehicles is registered (this will affect your CTP)
If you have any queries or would like an alternate quote do not hesitate to Contact Wallace Risk Solutions
Income Protection
What is income protection?
Income protection is basically what is sounds like, it protects you and your familt if due to injury or illness you can no longer draw and income. This is especially pertinant to the self employed. Income protection will pay you a weekely amount (after waiting period) up to 75% of your usual income unless the chosen limit is the lesser. Income protection provides security for you and your familiny knowing you can pay bill etc.
Waiting Periods
The waiting period is the time from when you are injured or become ill and are unable to work and when you will recieve your first benefit under the policy. Typically waiting periods are 7, 14 or 28 days. Generally speaking the shorter the waiting period the more expensive the premium will be.
Benefit Period
The benefit period is the period during which you receive your income protection. The standard benefit period is 2 years (24 months) however you can choose a longer period with certain underwriters. The longer the period the more you will pay.
Wallace Risk Solutions
Quote
Income protection is basically what is sounds like, it protects you and your familt if due to injury or illness you can no longer draw and income. This is especially pertinant to the self employed. Income protection will pay you a weekely amount (after waiting period) up to 75% of your usual income unless the chosen limit is the lesser. Income protection provides security for you and your familiny knowing you can pay bill etc.
Waiting Periods
The waiting period is the time from when you are injured or become ill and are unable to work and when you will recieve your first benefit under the policy. Typically waiting periods are 7, 14 or 28 days. Generally speaking the shorter the waiting period the more expensive the premium will be.
Benefit Period
The benefit period is the period during which you receive your income protection. The standard benefit period is 2 years (24 months) however you can choose a longer period with certain underwriters. The longer the period the more you will pay.
Wallace Risk Solutions
Quote
Pest Control Liability
Wallace Risk Solutions now offers a tailored Public Liability policy for Vertebrate and Pest Management. Security is provided through Lloyd’s of London with Coverage options of:
Insurance covering liability of the insured for negligent acts resulting in bodily injury, disease, or death of others than employees of the insured, and/or property damage.
Examples of events which are covered include:
- $5,000,000
- $10,000,000
- $20,000,000
Insurance covering liability of the insured for negligent acts resulting in bodily injury, disease, or death of others than employees of the insured, and/or property damage.
Examples of events which are covered include:
- A client having an accident whilst visiting your premises as well as when you are visiting their premises
- Damage you may cause to clients’ property while you are visiting their premises
- Personal injury to people using products supplied by your business
- Death, bodily injury, sickness, disease, disability, shock, fright, mental anguish and mental injury
- False arrest, wrongful detention or imprisonment, and malicious prosecution
- Wrongful eviction
- Actual physical Damage to tangible property
- The loss of use of tangible property which has not been damaged but cannot be used due to Damage to other tangible property
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