Archive for the ‘Glasses Insurance’ Category

Business Start-up Finance: Estimating Your Start Up Costs

Wednesday, October 10th, 2012

In addition to providing enough money to pay your family living expenses for three-six months, you will need money to pay for a variety of one-time expenditures necessary to set up your business. Let’s take a look at typical expense categories required in setting up a new business.

Office Space

As locating one’s business at home becomes more acceptable, larger numbers of new businesses are able to save a major start-up expenses – rent. Renting an outside office, retail store, or warehouse space results in some significant startup expenses. Included among these are:

– Rent deposits, usually at least one full month’s rent, which can range from $300 to over $1000.

– Utility deposits, averaging $100 per utility.

– Insurance, costing from $500 to $2000 per year — E.g., retail stores must often have plate glass insurance in addition to general business insurance.

– Phone line installation, starting at $85 per line, without any inside wire location work included.

– Redecorating & renovation, which you sometimes can negotiate with the landlord to include in your base rent. You usually must sign a multi-year lease to receive this however. This expense runs from $100 (you do the painting) to several thousand if you must build walls and add doors and windows.

– Furnishings are needed whether you locate your office at home or in outside space. Most offices will require at a minimum a desk, chair, lamp, file cabinet and a bookcase or bookshelves. Additionally, you may wish to have a separate computer table.

Equipment

Wise use of electronic equipment can allow you to run your one-person business as professionally as your larger competitors. This is one category of expenditure where it pays to shop as the prices are continually dropping.

– Telephones. Can be found in discount stores and catalogs, as well as direct from the phone companies. Plan on spending $30.00 for a reliable one-line phone and $60.00 for a good two-line phone.

– Telefax. Increasingly just having a phone is not enough. Your customers expect to be able to send you something immediately by fax. Coated paper faxes run about $125.00 and plain paper faxes cost around $300.00

– Computer. Take your pick! What a variety is available today. Learn what the main computer words mean and how a particular feature affects speed or ease of use. Then go around to both computer and discount stores to compare. And don’t forget online sellers such as Dell and Gateway, both of which make excellent computers.

– Copiers. Rarely needed by a new business and really an expensive luxury because of their tendency to break down. Rebuilt copiers with high-speed features can be bought for under $2,000.00.

Telecommunications

At a minimum your business will require one telephone line and a telephone to
attach to it. You may be able to get by for some time with your existing residential phone line, thereby avoiding a connect charge. If, however, one line is not enough to take all of the calls or if you wish a second line to transmit and receive telefaxes, it will cost you a minimum of $80 to connect the line. Any inside installation is extra. Local phone companies bill their inside installation time at $60/hour.

Consider also your needs for: phone message handling, calls made outside of your office and paging. Voicemail may be sufficient to handle calls when you are not in. Special phone features, such as call waiting, call forwarding or caller ID carry installation charges of $30 – $40 apiece. Keep an eye open for occasional deals that combine features for one,
low cost.

Cellular phones often run over $100 to buy and set-up and pagers often require a $200 deposit.

Licenses, Fees and Permits

Common start-up costs in this category include: assumed name registration fees, ranging from $30 to $50, incorporation fees of $100 and up, business licenses starting at $30, health permits sometimes cost several hundred dollars, and state-issued licenses, such as cosmetology licenses, can cost up to $1000 or more per year.

Insurance

If you are starting a typical home-based service business, your renter’s or homeowners insurance may cover your business equipment, supplies and inventory. But it may not, so be cautious and call your insurance agent before you open for business to check the policy coverage. Often a small additional fee, known as a rider, will increase your home insurance to cover
equipment such as a business computer, telephone and fax machine. If you need a rider, figure on adding $50 to your start-up costs.

Stationery

To promote a professional, established image for your business, have well-designed and printed letterhead, envelopes and business cards done. Quick printers and office supply warehouse stores, such as Office Max and Office Depot, offer very attractive prices on packages. For example, Office Max in Chicago offers 500 letterhead, 500 envelopes, 500 business cards
and 200 invoices for $49.95.

Professional Fees

If you are considering incorporating your business, need contract forms setup, will deal with import/export, want to set up distributors or require any other legal guidance, you had better budget 5-7 hours of a lawyers time. Good business attorneys charge between $125 and $175 per hour, so you would need to set aside $500 to $1000 in start-up investment for legal help.

If you are going to open a retail store, a wholesale company or a manufacturing company you would be wise to consult an accountant before you launch. Budget $500- $1000 in start-up investment to cover accountant’s fees.

Summing It Up

When you total up all of the categories of start-up expense, you may be amazed at the total. If you include a computer, start-up costs can easily run over $5000, without any cash contribution toward your personal living expenses. Advance planning is the key, because you should try to avoid borrowing the money to pay start-up costs. You will need to borrow later to stay in business. Borrowing before you start puts you in the credit hole before you have started to market your company.

Guide to Arizona auto insurance

Wednesday, October 10th, 2012

On average, Americans spend approximately $900 per year in insurance premiums. One of the most expensive states in the country, Arizona currently ranks 14th in insurance premium costs, with the average annual expenditure around $930. It seems rather steep, but compared with the top three: New Jersey, Washington D.C, and New York, which all boast annual premiums well over $1000, Arizona amounts to a small bargain. Furthermore, several carriers do not offer insurance to Arizona drivers at all, despite what one British gecko advertises.

When establishing rates, the insurer’s primary goals revolve around generating enough revenue to pay operating costs and client claims. One vital method for accomplishing this is to assess risk to every potential customer; thereby charging higher premiums for higher-risk drivers (typically teenagers, unmarried young males, and senior citizens.) A second consideration is the inherent need to remain competitive in a consistently-expanding field.

In addition to the perceived risk of the driver, the type of vehicle plays a crucial role in assessing premium costs. Quite simply, some vehicles have a certain, shall we say, predisposition, to being driven in a manner that does not promote a sense of calm within other drivers. Furthermore, miles driven are taken into consideration; for example, someone who commutes 100 miles to work daily will incur higher rates than one who drives ten.

Like every other state, Arizona has specific requirements surrounding the limits and liabilities of automobile insurance. Currently, the minimum personal liability limits are $15,000 per person and $30,000 per accident; while the minimum liability for property damage is $10,000. Unfortunately, however, as these are the minimums as stated by law, oftentimes in the case of a serious accident, these amounts are insufficient and the party at fault is often subject to additional litigation.

Other financial factors to consider include coverage amounts and deductibles for comprehensive and collision, whether towing and/or roadside assistance is desired, and personal medical coverage. Comprehensive claims revolve around acts of God, vandalism, animal-caused accidents, and theft. Collisions, on the other hand, involve another motorist, a rollover accident, or collisions with other non-animal objects (i.e. vegetable or mineral.) Uninsured and under-insured motorist coverage is also vital to protect oneself from those who have not read this article. Arizona has a special class of comprehensive insurance for glass reimbursement due to a high volume and frequency of construction debris and rocks being forcibly hurled toward one’s head. Most popular in this category is the zero deductible provision; one which I have used quite often.

Of course, the best strategy is to meet with one’s insurance carrier and explore the options together.

Windshield Repair versus Replacement

Wednesday, October 10th, 2012

Ah, the bane of most vehicle owners existence is the windshield – it seems like no matter how hard you try, you will inevitably get a chip or crack in a nice fresh windshield. Everyone has heard of repairing windshields, but when is that a viable option and when is it necessary to replace the windshield instead of simply having it repaired?

Windshield repair is done by thoroughly cleaning the damaged area of all dirt and moisture. Then, a strong resin is injected into the damaged area of the windshield.

The resin bonds with the windshield glass and halts the damage from getting any worse. In most cases, the damage is not completely invisible, but rather a slight scarring can be seen in the glass and if you focus on the area, there will be a slight distortion. The key to having a repair done is to have it done quickly, soon after the chip or crack occurs in your windshield.

Failure to fix your windshield crack or chip promptly will likely result in the chip or crack extending across the entire windshield or filling with dirt and moisture, making it too difficult to repair and thusly requiring a replacement.

If you notice a small chip or crack in your windshield that looks like a bull’s-eye, or a small crack and it is not located directly in the field of the driver’s vision, then it’s likely possible to have the chip repaired instead of replacing your whole windshield.

Most insurance companies will waive the deductible on your auto glass insurance coverage to have the windshield repaired instead of replacing it. A quality auto glass repair shop will ask you a variety of questions about the chip or crack to determine if it can be repaired or not.

It’s important to remember that windshield repair is structurally sound, and is an environmentally safe process; however it will not return your windshield to its former pre-chipped condition. There will be some slight scarring and distortion where the windshield repair was done, so if the chip or break is in your field of vision, it is not recommended to repair it, but rather replace the windshield.

Thus, only some types of breaks and chips can be repaired – long, spidery cracks in your windshield can not be repaired and you will have to replace the windshield. However, small chips and some small cracks can be repaired, which is why it is so important to have your windshield crack or chip repaired as soon as possible, to avoid spreading of the damage and resulting in the need for windshield replacement.

If you need to have your windshield replaced, find a quality auto glass replacement shop in Houston to do the work. You are not required to use the glass replacement shop that your insurance company prefers in most places.

When your windshield has been replaced, find out how long your vehicle needs to remain stationary to allow the adhesive to cure properly – this can be as short as one hour or as long as eight, depending on the humidity, temperature and weather conditions.

Most auto glass repair and replacement shops offer both in house and mobile services, however if the weather is poor, common sense says that in house replacement or repair is best.

Most auto glass insurance policies will cover windshield repair with no deductible being required by you. This helps to offset the cost to the insurance company of paying for a windshield to be replaced.

Breaks in a windshield can often be repaired because they are made with laminated glass, to prevent shattering. However, most side windows are not made with laminated glass and should be replaced if damaged instead of repaired.

Catching a break or chip in your windshield quickly is important – if you don’t have it replaced soon, the crack or chip will grow and extend across your entire windshield, rendering it impossible to fix and replacement becomes necessary.

Check with your insurance company to see if repairs are covered for your windshield and how much it will cost you to replace your windshield (your deductible amount).

Compare the cost of the deductible plus your premiums to determine if replacing your windshield through your insurance policy is worth the rise in premiums or not. Some windshields can cost thousands of dollars to replace, while others are only a couple of hundred.

Auto glass: How to replace auto glass

Wednesday, October 10th, 2012

Cracked windscreens are common and most drivers feel the need to replace it before the problem worsens. Is auto glass replacement the kind of job a regular handyman could tackle successfully? Before you attempt to do it yourself, consider what might be involved. When you have a cracked or smashed car window, whether it be the result of accident or vandalism, you are looking at a task that is not for the inexperienced. Repairing or replacing auto glass is not your regular five-minute car maintenance job, but is one of those that will take a measure of know-how, not to mention specific tools.

Unless you happen to be a mechanic of sorts, don’t even attempt to replace your own auto glass. If your windscreen needs replaced, this is a job that will need tools the ordinary car driver doesn’t possess. If it happens to be one of the door windows that needs replacement, this will require removing door panels, uncoupling the mechanics that hold the glass and replacing everything again. Replacing auto glass is basically a car job that should just not be tackled by most people. Most good car insurance policies include auto glass insurance to cover both cracks and breakages. There seems to be little need to think about tackling a job of work that may or may not succeed, when there are people who are experts, ready to do the job in a fraction of the time and at reasonable cost.

Consider what is involved in replacing auto glass on a car door before making a move. You will need to clear out the rails where some of the broken glass is still lodged. Next, you have to clear up all the broken glass from inside the car. Next you have to remove the door panel on the inside, unscrew the mechanics holding the glass and clean out the broken glass within. Then you have to put the new glass in place, secure it and replace the door panel. Not easy is it? What is the message? For most people, the message is, leave it to the experts. Replacing auto glass is not like changing a tire. The time you will spend, the irritation you will feel and the strong possibility that you will not make a successful job should be enough to tell you to leave well alone.

You can make life easy for yourself, by making sure you have auto glass coverage included in your car insurance policy. When the time comes to repair cracked glass or replace glass that is broken, simply call the experts and relax with a nice cup of coffee while you watch him do what he does best.