eventplanner14 asked:


I am interested in starting my own business from home as an event planner (no employees, just me). However, I am unsure about the insurance aspect of things.

I will possibly be organising events for a large company and they have told me that I am required to take out Public & Products Liability insurance and Personal Accident cover before I can start working on any of their events. Will the Personal Accident insurance cover my hospital bills if I injure myself? If not, what insurance does?

Could you please advise what type of insurance is required for a home-based event planner.

If there are any event planners out there could you please let me know what insurance you have??

Thanks!

Wealth K asked:


I am an LIC agent and LIC has launched Health Plus policy. However during the training, none of the managers are willing to answer the following queries.
1) Are claim proceeds taxable since it is a health insurance product
2) Will LIC pay the claim in addition to the amount claimed by the policyholder from Mediclaim ?
3) What are the documents required to be submitted while making a claim.
Someone please advice me on these questions as i am a direct agent of LIC in Mumbai without any Development Officers support and none of the branch officials are ready to commit anything about the policy. It is a pity that people trust LIC so much but the situation in LIC is worsening day by day as no one is bothered about the policyholders interest.
It is my humble request to CA’s and other financial planners to help me with this matter

Just say no! asked:


I have signed up for it through my employer and it is appx. $80 a month with inflation protection for $200 a day coverage through John Hancock. Anyone else have it? Is it REALLY worth it? I met with a finincial planner that suggested I get it IF it was an option through my employer and it is. I’m wondering how common this insurance is. I had never heard of it until now. I am 37 and wonder if the permium is high for someone my age? It’s alot higher because I took the inflation protection to increase the value of the policy for estimated future costs.

Fox Gibson asked:


Hi I was wondering if you would be able to look at a brief summary of my family situation and give me some suggestions.I want to get insurance but can u recomment some changes in what I presently have. I thank you.
I am married and have 3 childern (ages 9, 12, and 16) I just bought a waterfront home which is valued at 500,000 with a 300,000 mortgage. My jewrely is about 10,000. We have 3 cars a 2004 BMW, a 2002 Lexus and 1997 Jeep Wrangler. My husband works at a large manufacturing firm and earns about 125 K. I run a day care center from my home and earn about 45K. I don’t have any employees.
My kids all go to private school – which costs me about 25 a year. We honestly have no savings or investments and almost no discretionary income at the end of the month. ( which is a main reason I am writing this!)
I met with a financial planner and they suggested on purchasing a 50,000 variable life policy for each of us as an investement. I think i am worried about the high vost of these policies
This is what is presently covered
property risks
Ho3 with no endorsements or riders, dwelling 300,000, liability 100,000, medical payments 2500/person, uninsured/underinsured motorist 100,000,collision and other than collision (100 deductible)
Personal risks:
Life – my husband employer paid group term 50,000, we both have 50,000 universal life policy
disability – mr. murphy – employer paid group policy (LTD with a 90 day wait with benefits to age 65) I have no coverage
Medical: My husband – employer paid Major Medical (family plan) myself – i have an individual plan and still pay premiums

I thank you for whatever you can give me!!