Creating A Healthy Household Budget

Hello, my name is Jerome Silas. Welcome to my website about creating and following a healthy household budget. When I was in college, I tried to create a smart budget to save all the pennies I could after paying my bills. Unfortunately, I jumped in too fast and created a budget that was impossible to follow for the long term. Through the years, I have learned all about the methods that work best while creating and following a budget. I would like to share those methods with you all to help everyone create a healthy household budget. Thanks for your time.

How to Financially Protect Yourself as a Contractor

Finance & Money Blog

As a contractor, you will want to make sure that you are doing everything in your power to financially prepare for each possibility, as this will give you the best level of protection. The last thing you would want is to lose your business and everything that you worked so hard to have because of a small slip up, oversight, or because you skipped getting some important coverage. To help ensure that you are protecting your contracting business as much as possible, you will want to make use of the following suggestions.

Keep Up With The Inspections Of Your Heavy Equipment

Sure, it might take a little bit of time and money to inspect and maintain your heavy equipment as needed, but it would cost you so much more if something were to go wrong because you were not taking the proper precautions. For example, you would not want your crane to malfunction because of a gear that became stuck. Paying for the damages to someone's home will cost much more than the daily inspection of your crane. If you do not want to do all of the inspections on your own, you can hire someone to do them for you.

Secure Your Contractor Bonds

The contractor bond, also known as a surety bond, legally and financially protects your contracting business if you make a mistake and fail to get the proper permits for a job or if a job is left incomplete or finished wrong because of the subcontractors you hired. This type of bond will help cover the financial obligation that you would have otherwise had to scramble to find on your own. Without a contractor bond, one honest mistake could shut down your entire business and you could still have financial trouble for many years to come.

Get A Large Enough Insurance Policy

On top of the contractor bond, you will need to have a business insurance policy that will cover all of the financial problems that can creep up on even the best businesses out there. For example, your business insurance will financially protect you in the event an employee is injured or if any of your expensive pieces of equipment is stolen or wrecked. After all, you may not be able to automatically replace such things right away, and that could prevent you from finishing the contracting jobs that you have lined up for the future.


26 June 2017