Guest Contributor on Money Questions and Answers Blog

Employers Liability Insurance – Why Do You Need It?

It’s a legal requirement for employers in England, Scotland and Wales (including those who run off-shore installations) to have insurance in place against liability for injury or disease to their employees as a result of their employment. This is known as employers liability insurance.

Employers have a legal responsibility for the health and safety of employees who work for them. The definition of ‘working for an employer’ depends on the nature of the employer/employee relationship, including the degree and nature of control that an employer has over work.

For example, if tax and national insurance are deducted by the employer from an employee’s earnings, or if the employer provides the tools and work equipment for the employee, this means they’re included in the cover.

Independent contractors who work for different companies aren’t covered by the employer’s liability insurance of those companies.

What’s in Your Pocket Change? How To Start Coin Collecting

by Guest Contributor

The following is a guest post. If you would like to write an article for Money Q&A, please visit our Guest Posting Guidelines page and then send me an email.

Could you imagine a hobby that would enhance your appreciation of art, while expanding your knowledge in politics, history, and geography? You should consider coin collecting. This would help you gain and strengthen organizational skills, which means you’d have better opportunities socializing with other people who have the same interest.

If the answer is yes, then coin collecting might be perfect for you. So, the question is, would it be practical to embrace such a hobby?

Would coin collecting be valuable once you hit your golden years? The answer is yes, and we’d bet a bottom silver dollar on it. Here’s why.

History of Coin Collecting

Coin collecting is very popular nowadays. In fact, a lot of collectors buy and collect coins for personal pleasure and enjoyment, but there are those who also see it as an investment.

In ancient times, coin collecting was a hobby that only appealed to royalty, and was known as the “Hobby of Kings”. Around the 14th century, coin collecting became seemingly popular and records of coin collecting began to mark history in numismatics. It wasn’t until the 19th century that coin collecting spread to other social classes.

Today, coin collecting is more systematized and extremely accessible. There are coin conventions almost anywhere you go, as well as a number of numismatic organizations to join.

Begin With Pocket Change

There are several levels of coin collecting. To start, here are some of the oldest coins that are worth more than the face value and could be in your pocket change.

Saving for a House Deposit When You’re Already On a Budget

by Guest Contributor

Have you struggled saving for a house deposit in the UK? You may have heard about the helping hand that first time home buyers are getting in the UK from the government, with the Help to Buy scheme and Help to Buy ISA.

Unfortunately in the US, we don’t have anything similar. And, saving for a house deposit can be extremely difficult for people looking to buy their first homes. Here are some tips for saving for a house deposit.

Tips for Saving for a House Deposit On A Budget

If you’re struggling with saving for a house deposit which can be such a daunting sum, here are some tips on saving for a house deposit and get your savings back on track.

Open a Separate Bank Account

Open a separate bank account for your savings. While this seems obvious, many people let their savings add up in the bank account their salaries are paid into, meaning that once your savings start to build up, it’s easy to accidentally dip into them.

Having your savings in a separate bank account also means you can choose the account that offers the highest interest rate to maximize your money.

Bank Any Surprise Cash

If you receive a sum of money you hadn’t planned for a tax return, a bonus at work or even money from friends or family, then bank all of it. No matter how large or small, putting these unplanned funds into your savings account rather than treating yourself.

Things to Look For in a Toronto Mortgage Lender

by Guest Contributor

Finding a home that you want to buy is a long and drawn out process that has obvious rewards. A vital part of getting the price on the home that you want is finding the best mortgage lender in your area to deal with.

Generally, you will have a variety of different lenders to choose from, so you will need to put a lot of thought in to this decision. You need to sit down and figure out what you need from a mortgage lender and then go out and find a company that fits the criteria.

The following are a few of things that you need to look for when trying to choose the right mortgage lender.

What to Look For in a Mortgage Lender

Level of Experience

One of the first things that you need to look for in a mortgage lender is experience in the industry. You want to use a company who will tailor make the mortgage that you use instead of using a one size fits all type of program.

How Is Courier Insurance Important?

by Guest Contributor

Liability is something that cannot be afforded when it comes to courier delivery. Thus in the courier business, an important step of purchasing courier insurance must be taken to ensure that the goods transaction is risk free on all fronts. That step is Courier Insurance.

Huge fleet and chain of operators, sub-contractors and single operators, everyone must make this one time investment in courier insurance and also make an informed choice when it comes to drawing the budget and selecting the policy best suited for the business.

First the understanding of the importance of courier insurance is necessary before the investment is made, so that no doubts are involved. The important point to be kept in mind is:

If any damage occurs to the goods that are to be delivered via courier, it is the responsibility of the courier operators to pay for the loss. The costs may hamper the courier services to a huge extent and a situation may also arise that the courier operators cannot afford to pay for the losses.

That is when Courier Insurance plays an important role. There is minimum repercussions and maximum damage control. Courier insurance covers the three essential fronts of a courier service: goods, vehicles and public liability. Thus courier insurance is an overall package that includes the following sub-policy of insurances:

Vehicle Insurance
Goods In Transit Insurance
Public Liability Insurance

The importance each sub-policy can be stressed further:

Benefits Offered by Crowdfunding

by Guest Contributor

While funding is considered the primary goal of a crowdfunding campaign, it is also a great way to increase your visibility and grow your overall customer base. These are just a few of the many benefits of crowdfunding.

Some other reasons that many people actively participate in crowdsourcing campaigns is to gain:

Marketing exposure
Press coverage
Social proof
Traction in the market niche
Potential interest from investors

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Learn More About the Benefits of Crowdfunding

Traction

When creating a crowdsourcing campaign, you may also be able to successfully generate traction for the startup. This will be demonstrated with large numbers of backers, pre-orders for the product or even services that the startup offers.

It can even help to garner media attention and interest. Generating more traction is a crucial step in proving success and preparing for creating a pitch to present to investors.

Social Proof

When you have gained interest from possible clients in the service or product being offered by the startup, you have gained social proof. This is showing that other people believe in what you are actually doing. Another way that you can generate social proof is to advisers who are prominent in their particular field.