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Home Business Advice – 10 Critical Tips and Guides

In this time of worldwide recession it has now become a necessity to find and establish a secondary source of income. The work-from-home industry is now being targeted even more than ever as a means to earning that extra income. Given the right advice and access to proven work-from-home opportunities, many are able to not only earn extra but can build a very profitable fulltime business.

To succeed in any work-from-home business you must have sound advice on so many
aspects of starting such a business before proceeding further. Helpful advice such as:-

– How to start a home based business

– Fine out if you are eligible for Tax Deductions with your business

– How to choose a home based business that is right for you

– Discover the modern myths about a home based business

– How to create a professional image for your business

– Direct Marketing tips and solutions to boost your profits

– Finding a suitable home based business

– Getting ready to succeed in your new home business

– Great home based business opportunities for women

– Home based part time jobs for extra income

With the knowledge obtained from the tips and guides shown above you will now be in a position to make a positive start on your work-from-home business venture with every expectation of a profitable future. You will be able to assess what type of business to start and how and where to market your products or service. You will benefit from the experience and guidance of proven methods and be easily able to avoid the costly pitfalls so many beginners suffer.

I recommend you make a study of the steps and guides included in this Article to ensure you have all the information required for success in the work-from-home business field.

Care Homes – Will Britain Once Again Follow the American Trend?

In the 1960’s care homes were few and far between, and going to one was then seen as a luxury. Sadly that opinion has died off of late, care homes are now seen as more of an expensive inevitability than any real gratification. With a care home or nursing home on every nearly street, the market has squeezed to fit our aging population. Sadly, so has the competitive nature of the industry. Smaller family run care businesses seem to be now a thing of the past, as larger, modern luxurious facilities take the glimmer off smaller family run care homes that cannot compete. The term care village was labelled on the larger care facilities by American care providers in the late 40’s. America now offers over 300 care villages to its population, in comparison to Britain’s 20 or so.

Smaller homes local to these large care villages have recently seen at least a dip in profit and in many cases closure. The American care industry is made up largely of care villages that appear to offer everything a senior adult would wish for.

The crippling fact is that Britain seems to going to the same way, lowering choice and taking smaller care homes out of business. However, can these care villages change the standard negative view of moving into full time care? The villages are often referred to as hotels, and generally this label is not far from the truth. They have a large range of activities and facilities, as well as 100’s of people to associate with at any time. The sad fact of business is that only the strong survive, and in this case if the market demands larger, newer quality homes or villages then that is what will be supplied.

New larger villages offer more jobs, security to residents and more activities than the now dying out private homes. These villages can cater to all spectrums of care needs from basic retirement to full on nursing24 hour care. With this in mind, residents no longer have to move from their settled environment once their care needs worsen in time. This can often alter their mental state of mind therefore affecting their physical state.

Although standards of care may not differ hugely between the larger care villages and the smaller family run care facilities. The opinion of which facility offers the higher standard of care is hugely different. With power of eternity going to close loved ones, the decision to move “mum” into the new luxurious home over the small 10 bed home at the end of the road is made, adding to the already steep decline of the small traditional care home.

I think anyone in the industry would welcome a new change and a fresh face and opportunity to potential clients, of course care villages are not for everyone but then neither are smaller old fashioned homes. Watch this space.

Owner Builder Insurance Advice For Owner Builders

There are few insurance brokers out there who take the time to understand your needs and assist you throughout the building cycle process. It is vital that you know what kind of insurance to buy and want kind of cover is necessary.

Owner builder insurance products are a must for anyone deciding to owner builds their home. Don’t get lost with all the different protection and covered offered by different providers, find out which products you need.

So you want to build your own house and add that personal touch to your home? Owner building is becoming increasingly popular and ensuring that you have the correct insurance cover is vital. The key to a successful owner built project is to make sure that you are fully insured from the start.

The following insurance products are a MUST for any owner builder –
1. Construction & Liability Insurance
Also known as contract works insurance or construction all risk insurance which is insurance protection for people renovating, building or extending their home.
Construction insurance protects owner builders from most main risks that may be encountered during the construction and building process. This includes weather related damages, fire, issues with their workers or workmanship and more. (Consult your insurance broker to ensure what risks are protected).
The liability portion of this insurance is known as Public liability insurance. This protects the owner builder for their legal liability against injury or damage to third party property. As an owner builder you are responsible for the site safety and overseeing building works – without this cover you would be liable if anyone is injured at or near your building site. Although it is not mandatory to have construction and liability insurance cover it would be risky not to have it. Most local councils will however require you to have this cover prior to commencing any building work.
2. Personal accident or volunteer workers insurance cover
Building and construction sites are listed as being amongst one of the more dangerous places to work. As an owner builder you can choose to assist your tradesmen and builders with the construction. If you are injured or incapacitated during construction and cannot attend your normal form of employment, having the right personal accident insurance cover will offer you the right protection.
3. Builders Warranty Insurance
Owner Builder Warranty Insurance mandatory insurance required by the Home Building Act 1989. Although it is mandatory, the policy is for benefit of the house purchaser and does not provide any cover to the actual Owner Builder.
This policy protects the subsequent owner from any defective work on the property if you as the owner builder have died, disappeared or become insolvent. Builders warranty insurance is mandatory insurance cover. It is essential to take out Owner Builder Insurance before any work is started as otherwise the project will be difficult to insure. Standard policies run for 12 months but, if the construction takes longer, extensions are usually available.
Owner builder insurance is compulsory for all residential building works in excess of $12,000. If you are an owner builder and sell your property within 6 years of its completion or renovation you will ne to provide the with residential owner builder warranty insurance.
It is required by law to be taken out when selling within the statutory period – Statutory period for New South Wales and Victoria is 6years and 7 years in Western Australia.
An Owner Builder, who sells within 6 years of completion without any Owner Builder Warranty Insurance, or who fails to attach an insurance certificate to the Contract of Sale can be fined, amounts over $10,000. If a Contract of Sale has been entered into without Owner Builder Warranty Insurance, the contract can be voided by the purchaser at any time before completion of the contract. It is therefore in your best interest to ensure you have the right advice when owner building.
SavillHicks Corp is a leading Australian insurance broker that specializes in owner builder insurance. Savill Hicks will assist you by being actively involved with owner builders from permit stage right through to the sale. We will talk you through all the vital products required at a cost effective rate. Visit our website for more information on owner builder insurance, builder warranty insurance and construction & public liability insurance.
Different Types of Builders Insurance –
Learn how to differentiate the different builders and tradesmen insurance products. Learn which ones are mandatory, what each covers and who can provide you with the best information and service on selecting these products.
Insurance for Tradesmen – (trades insurance)
Even the most careful and skilled tradesmen can make a mistake or have things gone wrong. In such a scenario it would be unfortunate to not have the adequate insurance cover to protect not only your self but also your employees, contractors and tools.
What types of insurance should tradesmen get?
Public Liability Insurance – This will cover injury to 3rd party at or around the building site
Mobile Plant and Equipment Insurance – this will ensure that all your mobile plants and building equipment are protected not just at the time of damage but throughout the policy term.
Other builder’s insurance products at a glance:
Builder Warranty Insurance
With this insurance cover the building contractor is required to obtain the builder warranty insurance for every project they work on that exceed $12,000.
Construction insurance
Construction insurance or contract works insurance/construction all risk insurance offers protection for people renovating, building or extending their home.
This cover protects builders from most main risks that may be encountered during the construction and building process including weather related damages, fire, issues with their workers or workmanship and more.
Professional Indemnity Insurance:
This insurance covers members of a particular profession that adhere to a code of practice and have minimum educational stipulations or requirements. This would typically cover any loss from the conduct of consultants or sub contractors if under the insured’s direction they would not be covered themselves.
Directors and Officers Insurance: which deals with the civil liabilities that directors can incur personally? It protects people in these positions against wrongful acts during the period of capacity
Owner Builders need to take out:
Public Liability Insurance: Again this will protect owner builders from injury to 3rd party at or around the building site
Personal Accident or volunteer’s workers insurance – this covers the owner builder from any injury or damage should they choose to assist the tradesmen during construction. This cover can also extend to the owner builders family/friends (up to 10 volunteers on site for a nominal premium)
Choosing the right insurance broker to help you find the products and cover suitable to your business and budget can be tricky. Savill Hicks Corp has found that by offering a personalized service they take the time to listen to you needs. Being specialist providers in builder warranty insurance, owner builder insurance and home warranty insurance we offer you comprehensive cover, over the phone service and same day quotes. Visit our website for more detail.

What types of insurance should tradesmen, builders or anyone in construction invest in?

1. Public Liability Insurance – This will cover injury to 3rd party at or around the building site

2. Mobile Plant and Equipment Insurance – this will ensure that all your mobile plants and building equipment are protected not just at the time of damage but throughout the policy term.

3. Builder Warramty Insurance – This requires the building contractor is to obtain builder warranty insurance for every project they work on that exceeds $12,000. This is mandatory insurance so should not be overlooked.

4. Construction insurance – or contract works insurance/construction all risk insurance offers protection for people renovating, building or extending their home. This cover protects builders from most main risks that may be encountered during the construction and building process including weather related damages, fire, issues with their workers or workmanship and more.

5. Professional Indemnity Insurance: This insurance covers members of a particular profession that adhere to a code of practice and have minimum educational stipulations or requirements. This would typically cover any loss from the conduct of consultants or sub contractors if under the insured’s direction they would not be covered themselves.

6. Directors and Officers Insurance: which deals with the civil liabilities that directors can incur personally? It protects people in these positions against wrongful acts during the period of capacity

Anyone deciding to owner build their own home shoud ensure they are correctly covered for any accidents that may occur during the process. Owner Builders need to ensure that they have

1. Public Liability Insurance: Again this will protect owner builders from injury to 3rd party at or around the building site

2. Personal Accident or volunteer’s workers insurance – this covers the owner builder from any injury or damage should they choose to assist the tradesmen during construction. This cover can also extend to the owner builders family/friends (up to 10 volunteers on site for a nominal premium)

This is an overview of all the insurance products you need to understand if you are in the building and construction industry. Savill Hicks Corp is a leading insurance broker catering to the building and construction industries.
Home Warranty Insurance
Home warranty insurance is acquired by a builder and has to be issued to the homeowner to protect them against loss due to completion, defects and any other statutory breaches.
It is a legal requirement that all builders take out this insurance. Unfortunately the insurance does not cover any contractual disputes or defective/unsatisfactory work by a builder. This can however be taken up via tribunals under the consumer protection legislation.
As a homeowner it is advantageous to ensure that a builder has home warranty cover as it ensures that the builder is fully registered. Home warranty is required for a builder’s registration. It also promotes the builders adherence to standards as they need to consistently produce good work to remain registered.