A Pilot's Job Is Riskier Than Ever!
As if flying a plane (commercial or personal) wasn't demanding enough before, there are at least 3 modern "obstacles" that pilots can run into.
Blinding Lasers From...
Do you know what is – and, more important, what is not – covered under your existing liability insurance policies, such as automobile, home and professional policies?
Most homeowners would be surprised to learn that many home insurance policies specifically exclude such common things as trampolines...
So much of life is work. Work to achieve goals. Work to improve skills. Work to increase means. Work to improve productivity. And actually most of it is totally worth it. Anyone who’s worked for something, staying focused through the long haul, knows that what you achieve becomes intrinsically valuable. Add to that the inherent monetary value, and you’ve got something you most certainly want to protect.
Ironically through all that work you’ve put in, you are vulnerable; vulnerable to losing your assets to taxes, creditors and abusive claims. That’s when Asset Protection steps in. While there are ample suppliers of asset protection insurance against taxes and creditors, there is an underestimation of the need for protection against abusive claims.
When phrases like “umbrella insurance,” “gap coverage” and “additional liability insurance” get thrown about by legal professionals, it’s easy to feel buried beneath the flood of jargon. But guess what?! I’m here to throw you a life preserver, and pull you out of the waters of legalese.
And speaking of life preservers, there’s a big one out there, and it’s being offered to medical and other professionals by XINSURANCE. It’s called Asset Protection.
Jacob Stein, a University of Southern California attorney who specializes in teaching asset protection, writes about the necessity for orthodontists, doctors, attorneys, real estate agents and other professionals, calls asset protection “a set of legal techniques and a body of statutory and common law dealing with protecting assets of individuals and business entities from civil money judgments. The goal of all asset protection planning is to insulate assets from claims of creditors without concealment or tax evasion.”
So, in normal people language, asset protection is like a veil around your assets. Or, even easier to understand, it’s like a moat. With a fence around that moat. And a Doberman Pinscher. A Doberman with a black belt.
If you’re like most people, you own a decent amount of stuff; stuff that holds sentimental value, monetary value, or both. Losing it all, in a fire or flood for example, is what common nightmares are made of. But what if it wasn’t a natural...