No matter what your religion is, you have probably heard the Bible verse, “Love thy neighbor as thyself.” Or what many refer to as the Golden Rule, which can be found in many religions. That’s exactly what happened in Houston, TX after Hurricane Harvey made landfall in 2017. Millions around the country showed up to help with relief efforts. With the amount of devastation, all these efforts were great. Sadly, Texans will be cleaning up long after the good samaritans that came to their aid are gone. Major disasters leave in their wake more than just physical clean up. Financial reconditioning takes place as well. As a financial advisor in Knoxville, TN, I am obviously ready and up to the task of helping those dealing with financial displacement during Hurricane Harvey. However, even if you are not dealing with the devastation of this hurricane, your storm is coming and you’ll want to […]
RAs a business owner, you know there is a litany of insurances you need to protect yourself and your business from various mishaps. There’s home, auto, life, disability, business overhead, general liability, you get the point. We are insurance poor (business owner’s especially). However, there’s likely one insurance in particular that you may not realize you need. Most business owners tend to overlook this particular policy. Some may even dismiss it as an unnecessary expense. In spite of that, I’m going to tell you today that just isn’t true. It’s vital for your security. What insurance am I alluding to? Umbrella policies.
Preparing for hurricanes and other natural disasters, before disaster strikes, can reduce stress when it comes time to file claims or rebuild after the catastrophic event. Here are some disaster preparedness tips to consider: Update Emergency Plans — Because a disaster can strike anytime, be sure to review emergency plans annually. Personal and business situations change over time, as do preparedness needs. Make plans ahead of time and be sure to practice them. Create Electronic Copies of Documents — Taxpayers should keep a duplicate set of key documents. Keep documents including bank statements, tax returns, and insurance policies in a safe place. Doing so is easier now that many financial institutions provide statements and documents electronically, available on the Internet. Even if original documents are available only on paper, scan them into an electronic format and store them on DVD, CD or cloud storage. Document Valuables — It’s a good idea […]