Finance

Insurance For Your Food Truck

If you own a food truck chain or just one food truck, then it is possible that you will also be vulnerable to many potential risks. Your vehicle is exposed to risks. Since it’s going to move, the workers inside are exposed to risks. You definitely need protections not just for the business, but for the vehicle and your workers.

How Much Should The Insurance Cover You?

After an accident has occurred, and damage is caused to the vehicle, causing it to be unable to function, then some things must be done to cover up the damage. However, these are small businesses which are unable to afford additional expenses. This is why they need insurance that protects them from all kinds of incidents. If an accident has occurred and you already have insurance, the first thing that you should do is to file a claim for it. There will some amount charged to make the claim which is called the deductible. The two types of insurance that you can get are general commercial property insurance or general commercial liability insurance. It is describes on afsinsuringtx.com, what both of these insurances can protect you from.

What Both of These Include in Their Coverage?

If an accident occurs, there can be many damages caused to your business and all the equipment that you’re running your business on. There must be kitchen with all sorts of inventory and equipment. The inventory is covered by the property insurance so that the business can start running in as less time as possible. However, the insurance you get should also cover you from all kinds of other risks such as a customer falling sick because of the food and other negligence. As without insurance, you won’t be able to keep going.

Finance

Why Open an RESP For Your Child

As parents, we have a responsibility towards our children. We have to make sure that they always have a roof over their head, clean clothes to wear, and food on their table. Apart from this, you are also responsible for preparing your child for the future. Children have no means of earning income, and even if they start working as teenagers, they will only earn minimum wage, and that will not be enough for their future plans. One thing you can do for your child is to send them to college, and college happens to be pretty expensive, so to prepare yourself and your child financially, you should opt for a Registered Education Saving Plan (RESP) and we are going to talk about why you should do this below. Knowledge First Financial is one such company that collaborates and helps people apply and grow their RESPs.

  • RESPs do not require you to pay any tax from the money that you earn through your investments. So, being tax-free, you are able to save more money quickly.
  • The federal government also happens to add money into your RESP through many state and provincial grants that are available. You can learn more about those grants and whether or not they are available in your area for more information.
  • Other people can also add to your child’s individual RESP. So, you can get financial assistance from friends and family who might want to contribute to your child’s education plan.
  • RESPs happen to last a long period of time. So, even if your child does not start college or post-secondary education immediately, and they decide to come back to it in 10 or 20 years, they can still avail their RESP to fund their education, so they do not have a timer on them.
Finance

Shopping For a Medical Insurance?

We all know that in most first world countries, medical treatments and related things are extremely expensive; rich people can afford them easily, middle class people need to save up to afford them and lower class people either struggle to afford or simply cannot afford them at all. It is a sad state of affairs but the cost is pretty high but the beacon of hope and light is medical insurance. We are the biggest supporters of medical insurances and consider them to be an investment even though many people consider them to be a waste of money.

Most of the medical insurances are designed so that they cover the major costs of medical treatments but there are some services that are excluded. Before you make the decision, you should know a couple of things and also, click here for more information.

Exclusion of Services

Often people think that a medical insurance covers all sorts of medical treatments but the truth is that it does not. The reason can be that the treatments are too expensive, considered unimportant etc. Every medical insurance is different but the general services that are not covered are dental exams and care, dentures, eye exam, acupuncture, foot care, cosmetic surgeries, hearing aids and related exams and more.

Insured Doctors
A very important point that everyone needs to know is that there are medical insurances that do not allow the insured person to choose any doctor of his/her choice; there specific insured doctors that are specified by the insurance company. Before you make the final decision, make sure that you know whether your chosen company allows you to make free choices or not. If you have a specific doctor that you want to get treated from, check whether that doctor is allowed by the company or not.