Sunday, August 17, 2014

Insurance, Professional Liability, and Malpractice Lawsuits

Medical malpractice is not a present generation invention. However, malpractice insurance, professional liability, and defensive medicine have found more relevance today as the medical profession sees continuing rise in malpractice cases filed against doctors. Whether these are merely media hype that blew isolated cases of flops under a cosmetic surgeon's knife out of proportion, or are indicators of a decline in the profession's conduct, malpractice insurance in the United States has lately become a federal issue.

Now, almost every doctor practicing in every US state carries malpractice insurance. Professional liability insurance provides doctors protection against financial losses when patients who might have been dissatisfied with their healthcare bring legal action against their doctors. In the medical profession, malpractice occurs when a doctor is said to have been negligent. What does that mean?

Negligence happens when a healthcare professional fails to do something any other professional of their qualification would have done under the same circumstances. Misdiagnosing a medical condition or being unable to diagnose a medical condition is malpractice. Not providing appropriate medical treatment or the undue delay of treatment for an already diagnosed illness is malpractice.

Professional code of ethics and total patient care have been around for centuries. Malpractice insurance, professional liability issues, and treatment protocols of medical institutions have gained front-page media attention in recent years because of frivolous lawsuits filed by sue-happy individuals. While not every malpractice lawsuit is illegitimate, doctors still need protect themselves - and their pockets - from those that are.

If you are in the healthcare profession, protecting yourself from this particular risk can save you from financial trouble. If you don't already carry one, start shopping for providers of this type of insurance now. When the actual malpractice lawsuit comes, you'll be faced with a significant stressor. Wouldn't it be one less burden on you if you don't have to worry about going bankrupt on top of losing your license?

Thursday, August 14, 2014

Debt Settlement Programs: Four Steps Every Applicant Must Consider

It might seem that a debt settlement program is the solution that can save your financial future. Technically this is true, but it is essential to choose the right program if any real benefits are to be enjoyed. The problem is that pressures from creditors can rush us into choosing the wrong program from unscrupulous lenders.

The setup of the financial services sector is anything but clear-cut, and the largest firms and institutions actually own many of the smaller services. This means the debt to a single bank (like Citibank, for example) can be much greater than thought.

And while choosing debt relief is the wise decision, it is important to keep in mind the difficulties in securing good terms when the debt to a creditor is very high. Still, there are many debt settlement options available online.

The Debt Network

It is important to realize just how interconnected so many of your branded credit and debit cards, and utilities are. Many are simply branches of the same bank or financial institution. This means that debt owed to a bank may be vastly larger than first thought, making it difficult to get good terms on your debt settlement program.

Not everyone knows that three of the biggest banks in the US are also involved in many of the largest utilities companies. For example, Citibank owns AT&T Universal, Sears and most of the gas cards on offer (Chevron, Exxon etc). Discovery, meanwhile, owns Lowes & Sams cards, and the FIA cards are owned by Bank of America.

What this all means is that when it comes to choosing debt relief options, it is important to realize that more than a single credit card debt is part of the packet. The card provider will add on everything, making it possible for the debt settlement deal to be rejected by the lender.

Avoiding the Online Trap

Financial services provided over the Internet need to be carefully considered before committing to anything. There are, unfortunately, many unscrupulous lenders and financial service providers who are willing to take advantage of consumers, and excellent debt settlement programs can turn out to be traps.

But there are steps that can be taken to ensure such traps are avoided. They are:.

1. Only Trust Lenders Who Ask For Statements

There is a tendency for unscrupulous lenders to talk up their fantastic offers in an effort to get what they need as quickly as possible. Often, they do not even look for bank statements or confirmation of financial status. But the right debt settlement plan depends on your specific situation. So, avoid those that do not seek relevant documentation.

2. Experience Is Essential

It is generally not a good idea to choose a debt settlement program from a lending firm that has been in businesses of less than 5 years. Experience is essential in this sector, so the last firm needed to manage your finances is a start-up company. Settle for a firm that is at least 5 years old.

3. Always Check Lenders Out

It is completely foolish to trust any online lender on face value. Always take the time to check on their credentials, and feel completely comfortable before choosing a debt relief program. So, check out their BBB Reliability Report and know whether consumers have been complaining about a prospective lender.

4. Seek Out A Licensed Attorney Based Firm

Attornies are governed by the BAR Association, not the FTC. The advantage is the consistency of the BAR Association, whereas the FTC regulation changes can play havoc with schedules and plans. Also, the BAR Association insists on extremely high standards so debt settlement companies can be relied upon.

Tuesday, August 12, 2014

Professional Liability Insurance - Protect Yourself

Even the most dedicated professional can become the target of an unsatisfied client or patient. Professional liability insurance is necessary to protect your business or practice from the litigious pitfalls that you may encounter in your business.

Medical malpractice insurance is professional liability insurance for medical professionals. In past decades the need - and cost - of medical malpractice insurance has made it an integral part of costing out a successful practice. Med mal awards have made even practicing medicine difficult for small practitioners. It is imperative to have a carrier who will rigorously defend your business in all claims, in an effort to ensure that your practice may continue to thrive.

Most other professionals, such as contractors, internet freelance designers, brokers and the like, carry insurance known as Errors & Omissions insurance. E&O operates the same as medical malpractice, insuring your business against claims that may arise from the day-to-day performance of the job. Since many of the industries covered by E&O insurance may incur claims without triggering coverage by general liability insurance for bodily harm or physical damages, it is necessary to carry adequate professional liability insurance to help protect your business. Claims of negligence, breach of contract or violation of good-faith practices could result in substantial losses for clients, who often try to recoup those losses through claims against contracted service providers. This is where the professional liability insurance carrier becomes involved to help defend against such claims, and to bear the brunt of the expense for damages.

Since the provider only covers to the maximum benefit of each policy, it is important to thoroughly research the history of claims and awards in your industry. Like any shrewd business decision, selecting a carrier and policy limits for you professional liability insurance carrier should not be a choice made in a vacuum. Much of the research for the decision can be made on-line at a time that is convenient for you. Once you have determined the parameters for your coverage, you can begin to evaluate which insurance carrier works best with your business model and field.

Selecting professional liability insurance is one of the most important aspects of any successful business. No matter how well you think you have prepared for the future of your business, there is no way to be certain what lies ahead. It is crucial to protect your business, your livelihood and your investment with insurance designed to fight for you in these inopportune situations. Focus on growing your business, and allow your carrier to protect your time and investment.

Friday, August 8, 2014

How Getting Debt Consolidation Loans With Bad Credit Can Solve Money Woes

When there are a lot of debts to pay, and not enough money coming in, the pressure to clear debts can become extreme. Bad credit can make it difficult to secure funds to alleviate the problem, but it is possible to secure a debt consolidation loan with bad credit. This means there is always an option for bad credit borrowers to turn to.

Generally speaking, securing large loan approval is pretty difficult when bad credit scores are involved, but consolidation is one loan type all of its own. The specific purpose is to ensure an improved financial position, and that is why lenders are more open to approving them.

But what is needed to secure a debt consolidation loan, and in what way can the loan be of any real benefit? Perhaps even more significant is how to find the right lender willing to provide such a loan with affordable terms.

Why Consolidation Is A Solution

It is easy to understand why some bad credit borrowers hesitate to seek another large loan when they already have a lot of debt on their plate. But it is worth repeating that consolidation is about improving the financial situation, not worsening it. With this in mind, getting a debt consolidation loan with bad credit is arguably the best move to make.

Such loans work because the funds are used to buy out the remaining balances on all existing debts and loans. For example, if there are 4 outstanding debts, of $2,000, $3,000, $5,000 and $7,000, then a consolidation loan of $17,000 can be used to pay them off in one go. Getting large loan approval might be difficult but for such a proactive purpose, it is easier.

However, the tactic only works when the terms of the debt consolidation loan are such that the monthly repayments are lower than the combined repayments of the original debts. This means that cash can be freed up for other purposes, as the pressure is lessened.

Sources Of Consolidation Loans

When it comes to seeking a debt consolidation loan with bad credit, there are two sources to apply to. The first is an ordinary lender, while the second is a debt consolidation company. However, the kind of terms secured from these lenders can be very different.

An ordinary lender basically offers a normal loan but granting large loan approval is dependent on the funds being used to clear debts. The interest rates can be competitive, especially if secured from an online lender, and the repayment terms can be anything from 5 years to 30, depending on the size of the loan taken out.

Getting a debt consolidation loan from a company has its advantages, with the company essentially buying out the debts on your behalf and then seeking to be reimbursed over a given period. Approval is more likely, but the interest charged is usually higher and there are extra charges.

Choosing Your Lender

Of course, as with everything else, it is important to know who the lender is before agreeing to sign any loan agreement. When getting a debt consolidation loan with bad credit, it is important to watch out for extra or hidden charges, so that the true extent of the costs can be ascertained.

But, there are also risks relating to the trustworthiness of the lender. There are plenty of unscrupulous operators online, so when researching options it is essential that these are checked out. Be sure to check them out on the BBB website, or via the Verify1st tool, before agreeing to anything.

Remember, large loan approvals are one thing, but getting a debt consolidation loan that alleviates the pressure is the purpose behind the exercise. So, be sure to get an affordable deal from a lender that can be trusted.

Thursday, August 7, 2014

Can You Make A Good Attorney In West Palm Beach?

Attorneys in West Palm Beach have been having a hard time over the past few months as that are as been having the most interesting of cases over the while. It is the oldest and one of the most popular cities in the state of Florida, having almost eight hundred registered and running law firms, with many of them in the field of litigation. The profession of law is quite wide, but the qualities that make a good attorney, in any field, are more or less the same. This begs the question, what does it take to be a good attorney? Here are a few points to note that you may be able to gauge yourself.

1. Arguing
Basically, this is the basic thing about an attorney. The attorney in the courtroom is required to argue out his or her case that he or she may win. A lot is usually at stake: money, freedom and even lives. Therefore, a good attorney must really be good at arguing out points, even though at times you may be sure you are not right.

2. Negotiation
Negotiation is a completely different concept away from arguing. An attorney many are times that he or she is required to negotiate and arrive at the best option for his or her client. This is a very critical aspect of law, especially when it comes to signing contracts.

3. Workaholic
One distinguishing attribute of an attorney is that he or she is a workaholic. Attorneys are always on the job. Even as you watch television series related to this, you may have spotted that some attorneys usually have a bunch of clothes in their offices such that when working late in the night until morning comes, they will have a fresh pair for the day. This shows a lot of passion in your line of work.

4. Time
Given the working environment of an attorney, one must be good at managing and balancing time. You need to keep a schedule of almost everything and make sure not to forget crucial matters and leave out certain agendas. Even out of work, as you need to remember a more important aspect of life than your profession: friends and family.

5. Aggression
For you to make a proper attorney, you definitely have to be aggressive and have a thick skin. The professional world demands a lot and you should be able to keep up with the pressure.

6. Read and Write
You must not undermine this one aspect. Primarily, to get to the point of qualifying as an attorney, you will be required to have read volumes of books. A lot of writing is involved in the field of law for example contracts, pleadings. Likewise, you are required to read others when dealing with clients.

Take note of these six qualities, as they are quite important for any attorney, some even getting a forth arrest for driving after the influence. Makes you wonder how the other three cases went. Question is, how good an attorney you will be?

Tuesday, August 5, 2014

Basics I Learnt About House Insurance

We are all living in a world full of uncertainties where we don’t know or even have an idea of what may occur in the next minute! However, it’s good to safeguard all your property from the different calamities that are out there. When I was searching for house insurance, I had to do some research and also inquire more from insurance brokers and agents. I learnt that under this type of insurance there are different kinds of coverage that one should know about. I was so lucky because the insurance agent in the insurance company I opted for helped me in understanding the coverage types. There are many things that one can cover his or her house against such as fire, theft, natural calamities such as floods, landslides and hurricanes, etc. Most companies rarely offer policies to cover against the natural calamities. I was also asked if I had the money to pay for all the coverage types. I could easily do so but if I couldn’t, I would have to choose to cover against risks that have a higher probability of occurring. This was a good idea because I came from a place that rarely experienced hurricanes, floods and landslides; hence covering against things such as theft of property and fires was my ideal choice.

As I consulted different insurance agents, they informed me that I had to be very keen when signing or coming into an agreement with any house insurance company. They told me that it was always important to read through all the policies carefully and in case of a problem, I would have to look for a financial advisor or insurance agents for further explanation. This is because some insurance companies offer different remedies for different problems. For example, some insurance companies will look and buy you a new house when yours is not in a good and safe condition. However, some might offer you a low-quality house compared to the one that you had before; hence I had to be careful when reading some of the clauses. Some insurance companies also outlined lots of critical conditions that were not clearly detailed and I had to turn them down. My financial advisor advised me that such companies like taking advantage of the unclear clauses and using them to exploit their clients hence I had to avoid them.

On the other hand, seeking house insurance is a very good move. I benefited a lot from paying for this policy because never at one time since then have I ever lived in fear that I might not be able to recover should any mishap strikes my house. Generally, the best thing about this kind of insurance is that it covers for all the injuries that might happen when one is inside your house. Whenever any member of my staff got injured while inside my house, I didn’t have to pay any amount of money to cover for the medical expenses; the insurance company came in handy and settled all the costs. I saved a lot of money by acquiring a home insurance policy.

Sunday, August 3, 2014

What Are Qualified Insurance Leads and Why Should You Buy Them?

Everywhere insurance sales professionals turn these days - whether it is while they are online, sorting through mail, or at a convention - there likely will be someone attempting to sell insurance and financial services leads.

Given that there are many lead generation companies focusing on the insurance and financial sales industry, how do insurance professionals make an informed decision about which lead generation company to choose?

Unfortunately, a number of lead generation companies that are offering to sell you great life insurance and 401(k) leads are simply just peddling computer-generated, data-aggregated mailing lists. Sometimes, these lists have actually been purchased from another lead generation company and are now being re-sold to unsuspecting insurance professionals.

These types of leads are not considered qualified. How does an insurance professional know what constitutes a real qualified insurance lead? While a lead is the contact information of someone who may be interested in purchasing your insurance and financial products, a qualified lead has had its information verified. Experienced professionals who work at lead generation companies actually make phone calls directly to the prospect to ensure that lead's contact information is current and correct, and that these are indeed the people who would have the desire and ability to purchase your insurance services.

Then there is the matter of exclusivity. Even a qualified lead is devalued if it has been sold to ten different insurance agents. With an exclusive lead generation company, the leads will remain exclusive to you for a set period of time (ex: 45 days), when no other agent will be sold that information.

This guarantees that you do not get stuck in a "bidding war" with other agents over your prospect. In the case of exclusive leads, your insurance and financial products will be bought based on the value they bring to the prospect - not bought based on the fact that you were able to squeeze out the lowest price.

Purchasing insurance leads - especially exclusive, qualified leads - saves insurance professionals time and money. This enables insurance agents to focus on selling their products instead of wasting valuable time tracking down prospects, hoping that the information is correct and that they were first in line - ahead of other agents. For prospects to convert into paying clients, insurance agents must purchase qualified, exclusive leads. This ensures that the data is accurate and that the lead has not been passed through hundreds of agents before it reaches you.