Key man insurance: are you protected?

Article Abstract:

Key man insurance gives companies coverage against probable losses in profit resulting from the death of a key employee. Companies are usually covered for general risks but seldom get coverage for key personnel. Only 10% to 15% of small- and medium-sized businesses in the UK possess key man insurance. Policies for key man protection are intended to provide companies with additional time to screen, hire, and train new key personnel. Companies keen on availing of key man insurance can choose fron two general policies: level term insurance and whole of life insurance. The estimation of probable financial losses that can be equated to the death of key personnel requires careful consideration of tax matters. Key man insurance is often integrated into the permanent health and critical illness insurance policies of companies.

Usage, Contracts, Insurance, Workers, Business insurance, Insurance policies, Key employee insurance

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Software cure for compliance headaches

Article Abstract:

Compliance Ltd of Surrey, England has introduced a series of software packages designed to help companies follow and comply with the new UK financial reporting regulations. Programs have been written for Securities and Investment Board, Investment Management Regulatory Organisation (IMRO), The Securities Association, and Financial Intermediaries Managers Brokers Regulatory Association compliance requirements. The full product includes: text retrieval system; an integrated relational database; an expert system to handle returns; and automatic letter production. The IMRO system costs 11,000 pounds sterling with an additional 3,000 pounds sterling for the rule books. The software will run on PC AT or more powerful machines.

United Kingdom, Analysis, Management, Software, Accounting, Taxation, Financial statements, Disclosure (Taxation), Accounting software, Compliance Ltd.

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Plans for plastic protection

Article Abstract:

The services offered by card protection companies are becoming more attractive to the many card users who worry about the rising incidence of credit card fraud. These card protection companies offer low-cost protection schemes that take care of the the need to notify various card issuers of lost or stolen credit cards. They also arrange for the timely replacement of all credit cards reported lost or stolen. In addition, they also provide a number of emergency services, such as emergency cash and travel assistance.

Short-term business credit, Safety and security measures, Economic aspects, Credit cards, Credit card fraud

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