Interesting Tips for Protecting Your Assets

No one wants to see all of their hard work collapse due to unfortunate circumstances. Regardless of whether you own your own business or are simply a hard worker just trying to make a living, you probably have something that you want to protect in the event of an emergency. No one deserves to see all of their hard work turn into nothing, and that's exactly what this guide hopes to avoid. With that in mind, here's a quick look at a few interesting ways for people to ensure that their family is insulated from any financially damaging circumstances.

Cryptocurrency

Although it's quickly becoming a hot topic in the news, the reality is that cryptocurrencies have grown considerably in popularity over the past few years. With new markets emerging constantly, there's never been a better time to get involved in the industry. Unlike traditional banking institutions, cryptocurrency provides a speculative market for investors that don't want to worry about their money disappearing due to bad decisions from someone else. Instead, the cryptocurrency market is truly built on the enthusiasm of its investors and can provide a much more stable alternative to traditional currency investments.

Insurance Policies 

Although it may seem strange to think about, guaranteed acceptance term life insurance can be an effective means of protecting your family in the event of an untimely accident. By finding the policy that's right for you, you can invest into it without worrying about it backfiring and leaving your family to foot the bill. Instead, you can rest easy knowing that your policy will keep them taken care of well after you've moved on. In addition to giving you peace of mind, an effective insurance policy can also help you to keep track of your assets, so that you'll be more conscious of what you're leaving behind in the future. If you haven't already invested in a life insurance policy, then you might want to consider doing so before your family really needs one.

While these are just a few ways to protect your assets in the event of an emergency, this list is by no means exhaustive. Hopefully though, by following along with this guide, you've been inspired to come up with some new ideas of your own. In the end, there's more to life than just hoarding money, but that doesn't mean you should leave your family to fend for themselves after you've passed on.

Estonia's Crypto Currency Concept

Estcoins – e-residency Scheme

The anticipation with regards to Estonia’s crypto-currency existing online which are not controlled by any central bank or government has gained new heights since the value of bitcoin had reached above $4,000 (£3,100). Estonia desires to issue its own virtual currency with the support of Ethereum founder Vitalik Buterin.

Estonia which is a country that takes pride on being at the cutting edge of digital technology has been speculating with the idea of a currency known as estcoins which would be connected to its successful e-residency scheme giving foreigners with an opportunity of starting business in the digital identity of Estonia.

The same had been successful wherein Kaspar Korjus Managing director at e-Residency, Enterprise, Estonia and the one in charge of the scheme had disclosed recently that the numbers signing up had crossed the birth-rate of Estonia.

He wished to take advantage of this opportunity of interest by providing e-residents digital tokens which could be utilised when they would access several services or engage in transfers between businesses. He acknowledged that this seems to be a fantastic idea and that it would involve discussions with all kinds of government bodies.

He was of the opinion that the central bank of Estonia could be doubtful with regards to having a complete new currency running beside the euro.
 

Evade Tax/Money Laundering

 
The supporters of crypto-currency could also be cautious of a scheme which tends to run counter to the entire liberal character behind bitcoin together with its followers. Mr Korjus however informs that the government cannot only sit back and watch the new financial technology being implemented. On the contrary rather than attempting in stopping things as usual, government needs to explore ways of regulating and improving systems which would work and which individuals would prefer.

One of the reasons for bringing it in was that crypto-currency can be utilised in evading tax or for money laundering. By securing estcoins to a digital identity, Estonia expects to avoid that issue. Recently, Izabella Kaminska, the special guest of the Financial Times had pointed out that this did not sound different from conventional currency and what would be the need of reinventing the wheel.

The crypto-currency would be launched through the version of crowdfunding of digital coin community which is an initial coin offering – ICO that permits start-ups in raising funds by selling off cryptocoins like bitcoins and ether in exchange for cash. They are said to be identical to initial public offerings – IPOs though tend to differ wherein in dealing with supporters of a project they make the investment more personal.
 

E-Residency Ecosystem – Generating Strong Incentive Alignment

 
The small eastern country is not new to the digital innovation and had been the first country in offering citizens of the world `e-residency’ which is a digital ID for non-Estonians with the provision of access to services such as banking, payment processing together with taxation.

Korjus had mentioned in a blog post that `a government-supported ICO would be giving more people with a bigger stake in the future of the country providing not just investment but also more expertise together with ideas in assisting them to grow exponentially’. Korjus had informed that Vitalik Buterin the founder of the blockchain network Ethereum in 2014, is a strong supporter of the digital innovation of Estonia and has offered feedback on its estcoin proposal.

Buterin had mentioned that `an ICO within the e-residency ecosystem would be generating strong incentive alignment between e-residents and this fund as well as beyond the economic aspects, would make the e-residents feel more of a community as there are more things they could perform together’.
 

Easy & Convenient for Use

 
Buterin had also mentioned in his blog post that besides this, if the crypto-currency is allotted on top of a blockchain, they would probably be issued in numerous formats at the same time, and nothing would be erroneous with this. It would then be easy as well as convenient in utilising them within smart contracts together with the other applications.

Blockchains are said to be distributed legers which tend to function as the foundation for digital coin business deal. Korjus had mentioned that over 22,000 e-residents from `138 countries had signed up for the initiative making a huge contribution to the economy of Estonia.

The President of Estonian, Kersti Kaljulaid, last month had informed that her nation had been the only truly digital society, strengthened by the state. She had mentioned in an article for the Telegraph that nearly all the interactions of the citizens with the government, inclusive of voting could be done securely online and that their e-residents could incorporate as well as run their businesses in Estonia without the need of having to set foot there. She further added that seeing this digital revolution up close has made her query whether the state that they know today is fit for the 21st century.

Flatbed Trucking Facilities

There are excellent service providers offering proficient transport midway equivalent freight for shipper in the form of trucks through partner carrier network. The provider for trucking denver has been catering to transportation service to various industries since 1986 having their focus in forging long-term business relationship which is based on mutual respect and trust. Their company has been constructed on a sturdy foundation of principles and reliability. They tend to operate with shippers as well as carriers from shore to shore with the potentials of resources to transport truck freight all over the U.S. Canada and Mexico.

Their business is mainly directed in offering flatbed trucking facilities and are specialised in truck freight with shipping expertise together with knowledge which is par excellent. Perfect for hauling heavy or bulky industrial freight, which may be huge for a box truck, flatbed trucks tend to be suitable when a loading dock is not available for loading or unloading. The flatbed trucking company has now developed in serving several customers all over North America and has invested in information technology in offering the finest service to their clients, vendors together with carriers.

Modern Operation Software

The foundation of their success is due to being self-critical together with the power of teamwork. They tend to use the modern operation software that enables their employees to process efficiently the route as well as the track flatbed truck orders. Moreover their clients as well as carriers tend to have access through their website to vital information that may berequired with regards to their freight shipments. Being flatbed shipping specialists they tend to manage all sorts of flatbed, stepdeck together with double-drop trailer freight – full trucks load, LTL or partial loads, over-size and over-weight dedicated consignments. Some of the services offered are:

Flatbed and step-deck shipping 

Their core business as well as customers can use the open flatbeds for the purpose of hard to load items, longer items, jobsite deliveries etc. wherein a box trailer does not tend to work. They also ship partial loads or full load all across North America.

Partial Flatbed Loads

Small items can be shipped on open flatbed or step-deck without any charge for full trailer. They are specialized in matching up freight together with other items going in the same direction.

Hot-Shot Services 

They tend to offer hot-shot trucks for smaller necessities which are generally 40’ gooseneck trailers pulled by a 1-ton pick-up truck and can manage several loads which a flatbed is capable of, though it tends to come in a scaled down form.

LTL Van Freight 

They offer volume discounts with many main LTL providers which is economical. The freight can be packaged well to avert damage since these carriers tend to move the freight from one trailer to another all through the trip. If it tends to work, you are at an advantage on saving on the transport.

Van & Refrigerated 

They tend to provide refrigerated service for anything which may need a temperature controlled atmosphere. Besides that they also provide standard box van service for most palletized cargo from port to port all over North America.

How software technology can be leveraged to deliver sustainable GST solutions

Goods & Services Tax – Controversial Topic
The switchover of the Goods and Services tax – GST after being rolled on July 1 by the Government of India, has become a controversial topic for corporate of all denominations. Together with its submission, the same is under microscope leading business to take assistance from technology and tax software providers with the skills in their field of work, the software industries have begun rolling out GST specific products.

 The tools that are provided are being utilised by businesses for enhanced conformity of the newly revised tax regime. With regards to the corporate, companies are having issues of rapid reaction to GST. However, their lack of knowledge together with experience has made it a tiresome job for them in making a choice of which among the various option to exercise, which has resulted in confusion and disorder in the unskilled companies.

Several of them are also not aware with what tax-solution providing software tends to do. These software products are said to be total business management software assisting a company in keeping track of all departments as well as maintaining an account of everything in the business. The following tips are guidelines by Pavan Peechara, director at Udyog Software on how software technology can be leveraged in delivering sustainable GST solution:

1. HSN – An Interesting Feature 

A tool to offer a supportable GST solution should comprise of the HSN loop up feature wherein this type of feature enables the user to navigate products with a HSN code via a HSN lookup. This is turn assists in simple identification as well as categorizing of business together with their goods or services.

2. Cost Effectiveness for Enhanced Efficiency 

Similar to most of the software, the GST software needs to also facilitate cost effectiveness by offering the users with an economical cost quotation which tends to take more care of the complete cost effectiveness of implementation and meeting submissions.

3. Easy billing through automated filing 

Software providing HSN look up tends to make it simple for calculating tax classification and percentage of it which needs to be levied mechanically. Features such as these tend to make it easy in processing bills thus reducing human errors.

4. User friendly software guarantees optimum adaptation 

One of the most significant characteristics of employing software in a business is the level of user friendliness it provides in its easy operations. The outcome is in quick learning and operational ease and hence the software should be user friendly for easy variation.

5. Filing of complex tax forms with one click

Mechanization features need to be delivered by these software since it reduces the hassle of paperwork together with filing as it is taken care of by direct uploading of online tax filing procedures.

6. Innovation & technology as main organizers 

Technology has been a segment wherein the innovation is its livelihood and tends to be a priority. It tends to go through various R&D in order to outspace the outdating. A company should be aware of adapting to the software which seems best in meeting the requirements of the company and itself. It means that it should be capable of meeting new tax slab incorporation or changing of slabs.

Before the selection of a GST submission solution, one needs to use the time to take stock of one’s business together with its operation

Why is the US Dollar Falling

The US Dollar – Steadily Fallen

The US dollar, the symbol of American economic strength seems to have steadily fallen this year and since January, the index value of the dollar that tends to track the dollar against six main global currencies is said to drop by around 10%. It had pushed lower recently as demand for other safe-haven assets usually a category comprising of the US dollar, rising amid sabre-rattling between North Korea and the US.

The dollar which had rushed in 2014 while the economy of the US had gained strength is hardly in risk territory. The index has been running only a bit lower than it had been a year back. However last year, key US economic date seemed weak and it is left to be seen what lies behind the decline this year.

Driven by an improved economy in Europe, this seems to be good news story in some ways. In 2014, the euro had lost ground against the dollar when central bankers had accepted a stimulus program when the US had begun to move away from the stimulus policies.

 As the Eurozone economy tends to improve now and the European Central Bank views an end to the stimulus, the currencies have begun to move closer together and in June the election of pro-EU Emmanuel Macron in France had made its contribution to confidence in the Euro.

Dollar’s Loss/Euro’s Gain

The dollars’ loss is the Euro’s gain which is now worth over $1.17, up more than 10 cents since the end of last year. The dollar seemed to have lost ground against several other currencies inclusive of the Japanese Yen, the Mexican peso as well as the Swedish Krona.

 The British pound also had rushed after the Brexit vote had in recent months regained some of its power against the dollar which is now valued at around $1.30 up from $1.22 in March. Sameer Samana, a global quantitative and technical strategist at Wells Fargo based in St. Louis, Missouri, had commented that this kind of broad based decline portrayed that it is really people moving away from the dollar instead of just moving towards these other currencies and the one reason for the same was Donald Trump.

Analysts have traced the surge of the dollar in the final months of 2016 in his victory that had fuelled expectations of tax reductions or infrastructure investment, spending estimated, to drive demand for the dollar.

Retreat Portrays Recalculating

They have now stated that the retreat portrays traders recalculating since Mr Trump’s economic agenda tends to stand. An enduring investigation into ties between Russia and the Trump campaign tends to cast a shadow over his administration and the apprehension over Mr Trumps’ erratic statements together with foreign policy clashed including with North Korea has added to it.

Mr Samana had stated that if people feel like, there is greater political uncertainty, they tend to vote with their dollars. Increase in interest rates tends to be traditionally connected to stronger currencies since the higher rates are said to draw investment.

 Since December 2015, the US central bank has elevated the interest rates four times and predictable understanding calls for another in December. However, Janet Yellen, Federal Reserve Chair had recently commented that even supposing future hikes, the interest rates would probably remain historically low for some time.

Making Good Financial Choices

Learning how to manage money can be difficult. Expenses often stack up quickly, and your household income may not be enough to pay for every bill that is due. While keeping up with a budget can be tricky, there are several ways that you can make smart financial choices. Here are some ideas to help you manage money effectively.

Track Your Spending 

You should consider tracking your spending for a few months to determine realistic goals for a savings account. If you set your goal too high and are not able to meet it, then you may feel discouraged. Try to set realistic goals. Reaching your smaller goals will give you an extra bit of motivation and keep you on track toward larger goals. You can also set daily spending limits to keep yourself on track toward monthly goals.

Use Debt Wisely 

Acquiring debt can be overwhelming, but debt is sometimes a necessity. If you have been spending money on expensive car repairs, then upgrading to a newer car can lead to substantial savings. Using car loans to purchase a reliable vehicle can prevent you from having to pay for repairs. Saving money to purchase a vehicle without a loan can take several months or years, but obtaining a loan may help you purchase a better vehicle more quickly.

Consider Safe Investments 

Investing your money can be an ideal way to increase your wealth. Be sure to so some research to calculate the potential risks and rewards of each investment that you make. If an investment in the stock market has great potential for rewards, then it typically will involve a greater risk as well. There are several investments that offer stable growth with a smaller amount of risk. These investments, such as mutual funds, can be good choices for novice investors. Real estate investments can also provide incredible rewards.

Taking control of your finances can help you make choices with peace of mind. Having an emergency fund or a savings account can help you stay prepared in case an unexpected expense occurs. Choosing wise investments can help your money grow quickly.

Tips for Restaurants Partnering with New Companies to Increase Profits

Owning a restaurant is a potentially risky investment because of many of those restaurants fail within the first few years. You generally need to pick a theme that no other restaurant in town has, which lets you appeal to diners in your city. It's often helpful to narrow down your menu to your most popular dishes instead of offering so many dishes that you overwhelm customers. You can also partner with other companies in your area and find ways for both of you to increase your profits.

Pick a Similar Company

One of the most important tips for restaurant owners who want to partner with other local companies is that they should pick a company within the same industry. If you do not sell desserts, you might partner with an ice cream shop down the street. Partnering with a hotel that caters to out of town guests is another great idea. You can also look for ways to reach those coming through your town on a regular basis. Partnering with a lubrication systems company can help you market your restaurant to its employees and visitors.

Offer Specials

Partnerships work best when both companies get something out of that arrangement. A simple way to make your restaurant appealing to that company's customers is with exclusive specials that are only available to those customers. You can give the company a stack of coupons that they hand out to those who spend a certain amount. Some restaurants offer discounts for customers of local theaters. When a customer brings in a ticket stub from that day, they receive a discount on the meal or a free item. The theater may even agree to hang a sign that advertises this deal in the lobby.

Find Ways to Advertise

The most successful partnerships exist between company owners who understand the importance of advertising and how they can use their partners to advertise their companies. You may opt for something simple like a sign exchange and agree to hang that company's sign in your restaurant if the company hangs up one of your own signs. Other advertising methods include combined ads that you run on television or radio. These ads are a simple way to let customers know about your partnership and the combined deals that you offer. When picking a partner to increase the profits of your restaurant, find a similar but not competing company.

How Can I Make My Online Business More Profitable?

If you've recently developed an online business and want to do everything you can to make it thrive, now is the time to get the optimization process underway. Below you'll find just three of multiple techniques that you can deploy to make your online business more profitable:

1. Utilize Sales Optimization Strategies. 

One great way to make your online business more profitable is through the use of sales optimization strategies. These strategies are important because they empower you to access and implement sales techniques that will improve your sales and customer retention rates. Luckily, there are hundreds of customized sales strategies you can deploy to increase the likelihood that your online business becomes a revenue-generating machine. One is the use of customer relationship management (CRM) software that helps you keep close track of all interactions with both prospects and current clients. You might also consider utilizing professional sales services offered by companies such as Saleslink. Click here to learn more about what they have to offer.

2. Focus On Continually Cultivating Incredible Content. 

Another great strategy you can deploy to increase the likelihood that your online business becomes a smashing success is focusing on the continual cultivation of incredible content. This technique is important because it provides business owners with a tool that will empower them to regularly communicate with the target audience. Also note that content functions as one of the primary mediums through which the business owner can start and/or optimize the brand recognition process that gets the audience interested in the product or service line. Some forms of content you might be interested in producing include blog posts, videos, and web articles. Note that unless you're a content marketing maven, you should hire a team of digital advertising experts to take care of this process for you.

3. Consider The Value Of Marketing Offline.

While it's almost always advantageous for business owners to market their product or service line via internet, it's important to remember that advertising offline might prove equally advantageous. This is the case because some or many of your target market members might not be attuned to the cultural norm of ongoing internet use. Some forms of traditional marketing you may want to implement include direct mail marketing, print ads, and radio commercials.

Start Growing Your Online Business Now!

Building your business online can be an incredibly rewarding process. To ensure that it will be, try implementing some or all of the business-building techniques delineated above!

How to Select an Insurance Company

Insurance is one of the most important things that you can have in life. It will protect you from being wiped out financially in the event that there is a disaster in your life. Therefore, you need to be certain that you are dealing with a good insurance provider. It can sometimes be difficult to choose a provider because there are so many. It all comes down to knowing the right things to look for when you are comparing insurance providers. You need to educate yourself so that you will make a decision you will be happy with. Here are some good tips that will allow you to find an insurance company that will help you in your time of need.

1. Does the insurance provider offer many types of policies to choose from?

You should never deal with an insurance company that only offers a very limited number of policies. You should be able to customize an insurance policy so that it is perfect for the needs of you and your family. Otherwise, you will end up paying too much money for coverage that you do not need.

2. Does the insurance provider have many positive online reviews written by past and current customers?

You would be wise to see what people are saying about all of the various insurance providers that are out there. This will help you to avoid doing business with providers that will not pay as much as they should when a claim is filed. Some providers have a bad reputation for doing this sort of thing. This is why it is so important for you to find honest appraisals of many different insurance providers. These reviews will help you separate the good and bad insurance providers.

3. How much are the premiums charged by the various insurance providers?

The price of your monthly premiums will obviously be a major concern when you are looking for a Florida automobile insurance company. Shopping around and getting price quotes from as many insurance providers as possible is the smart thing to do. You have nothing to lose and everything to gain by comparing prices. You should never make the mistake of assuming that most insurance providers charge basically the same amount for their premiums. Nothing could be further from the truth. You should also find out which providers offer the best introductory discounts.

Chinese Money Has Changed the Face Of Hong Kong's Skyline

China’s Wealth & Power

Italian fashion house is said to be one of the several top firms in Western countries to have found themselves on the other side of shaky real estate boom in Hong Kong. In prime locations of the city, the price of commercial property seems to have almost doubled up since U.K. had handed it over to China two years back, being the most expensive across the globe. Since several changes have taken place in Hong Kong after the historic handover in 1997, China’s increasing wealth and power is said to be at the core of confusion.

 Chinese companies, level with cash seemed to have given way to trophy office space in central districts, motivating up prices. According to brokers and developers, firms like Burberry –BBRYF and Gucci have resorted to cheaper office location in distant areas. No comments have been provided by the two fashion brands.

 Inflow of firms from the Chinese mainland tends to reveal a wider move in the role of Hong Kong as a business hub. The head of research for Hong Kong, Denis Ma had commented at a property brokerage JLL that `at the time of the handover, Hong Kong was seen as a stepping stone for multinationals looking to tap in the China market’.

Government Policies Progressively Opened Mainland Firms

He further added that in a sense it is still true though we have seen over the last few years is that (mainland Chinese) firms had begun to take a same view of Hong Kong as a stepping stone to engage with the wider world.

According to real estate services firm CBRE, the growing supremacy of China Inc. over Hong Kong seems difficult to go unnoticed and there are presently around 1,123 Chinese companies in the territory which is almost thrice the number 20 years back. This tends to account for 64% of the stock market capitalization of the city, up from 16% in 1997.

The government policies have progressively opened up mainland firms for Hong. Chinese businesses have been encouraged by Beijing to grow abroad with large sums of money being flooded out of China since its economy tends to have dropped in recent years. The persistent rush of Chinese money has increased in the real estate market.

Hong Kong Ranks Least Affordable City

According to CBRE, landlord tend to collect $264 on an average per square foot each year by way of rent for prime office space in central Hong Kong, which is quite high than the West End of London - $146 or Midtown Manhattan in new York - $144.

Being a property holder in Hong Kong tends to be a lot difficult since prices have increased by 89% since 1997, according to CBRE. Hong Kong tends to rank as the least affordable city for seven years in succession, as per Demographia, a public policy firm. The mounting prices have compelled some of the multination companies to move to other areas of Hong Kong though few have been quitting the region completely.

The numbers have actually doubled more over the past two decades from 3,069 to 6,863 according to CBRE. The president of the American Chamber of commerce in Hong Kong, Tara Joseph, considered the fall as comparatively small and put it down to the cost of rent and a recession in some industries, especially retail.

Five Mistakes Mutual Fund Investors Should Avoid In This Market

Spare Cash – Equity Schemes – Long-Term Prospects

Several investors of mutual fund, particularly the new ones tend to be apprehensive since the market seems to be suspended around past pea. Discussions of expensive valuating, liquidity driven rally etc. tend to make them anxious with regard to their investments. Several of them have been probing with their advisors of mutual fund regarding their investments.

 As per the advisors, they have been cautioning their clients from engaging in certain errors which they state could occur in a risking market such as the prevailing one. When the market is said to be on an upsurge, several investors of mutual fund seem to get excited and if in a position to do so, would not hesitate to put their money in equity mutual funds particularly in the group that tends to offer the highest returns.

However, this could rebound greatly. It is advisable to stick to ones goals and allocation. If one tends to have allocated money to equity schemes for long-term financial goals, they should stick to it. It is not necessary to change your investment plan because the stock market has been crushed. You could invest spare cash in equity schemes which tend to have long-term prospects. You could also make planned allocation when the need for big correction arises.

Reversal Trends – Investor Panic

However, one should refrain from making huge changes to their original investment plan and go heavy on equity schemes. One need not get apprehensive when there is excitement in the stock market. Some of the investors seem to get anxious when there are talks regarding the performance of the market.

Even the smallest indication of reversal trend in the market tends to make these investors to panic from the market which is not the appropriate attitude for investment. If one intends to invest with a long prospect, they tend to go through several phases in the market scenario which cannot be avoided. One needs to be firm and stick to one’s financial plan.

The treat to Fed rate cut is expensive valuations, imminent correction and liquidity-driven rally. Market is never short of talking points and experts enjoy discussing every frayed topic. But an investor of mutual fund does not have to be perturbed by all this topics provided by experts. Most of the issues are relevant to clients only who tend to build position daily in order to en-cash on these types of news.

Essential Information Forming Knowledgeable Opinion

Most of these earth shattering events seem like minor problems when they are considered after a long period of time. Buying and selling should never been undertaken in an impulsive manner. Several of the investors tend to make it a habit of indulging in it immediately after an event or news breaks out and believes that it would change the luck of their investments.

These types of errors should be refrained. One needs to step back, consider the topic and get into discussion with your advisor, friends or colleagues with those who could be familiar with these sorts of issues. One should not involve in anything till you have all the essential information in forming a knowledgeable opinion.

Buying and holding is the only strategy which tends to work though it could also be a boring one for some and a segment of the market is always on the lookout for some fancy ideas which could be helpful. At times it tends to get difficult to resist from betting on the theme since it could be widely hyped as being the magic formula in multiplying money and one should refrain for the same.

Why is Cyber Insurance a Necessity in Today's Web World?

Cyber Insurance – Rising Threat to Cyber Security

An awareness regarding cyber insurance should be brought about owing to the rising threat to cyber security. The increasing threat with attacks like WannaCry rising in numbers together with the higher dependency on the web has given rise to the need for another support in the insurance segment namely cyber insurance.

The purpose of obtaining your online business or data insured has been an unfamiliar concept to several people. With various insurance companies available offering package connected to cyber insurances the idea for the same has not yet started. We have overseas insurance companies who have been providing cyber insurance keeping their focus on advent of tech companies.

 However in India, the scenario tends to be different. The MD and CEO of Future Generali Insurance, KG Krishnamoorthy Rao has commented that `it is a comparatively new concept particularly in markets here. Abroad the same has been prevailing for three-four years. However as more and more transaction tends to occur online, especially financial, incidents of cyber fraud seem to be on the rise.

Cyber terrorism is also a new threat where people tend to extort others online with threats that their data will be destroyed if the ransom amount is not paid. He further added that even if an awareness of cyber insurance is not familiar, it needs to be known and then there will be a market for the same.

Transacting Online – Information not Misused/Leaked

Krisnamoorthy’s company is awaiting approval for the launch of their cyber insurance package for the people. The other markets too are in agreement that the awareness could be important to this problem. Shupoorna Chakarabarty from ACP-India First Life Insurance had informed that most companies had not taken up this policy so far and it is critical that when one is transacting online, their information is not misused or leaked.

 It is often the banking sector or payment wallets which tend to need cyber insurance urgently. Though the loss owing to a cyber-attack is unavoidable, it could certainly be reimbursed. The cyber insurance offers a number of safety nets on any online business. Rao informed about some of the damages which tend to be covered within cyber insurance.

He informed that economic loss suffered by a client due to cyber-attack could be eligible for insurance and the insurance company is accountable in making up for the loss incurred. Moreover the transmission of data due to an e-threat, where the data tends to get destroyed is also covered by the policy. Another significant aspect is when the data is lost, the expenses in restoring the data is covered by the insurance agent.

Expert Intervention Needed

Though there are not several challenges while handling cyber insurance, Rao has mentioned that expert intervention was needed in handling these cases. He further added that when a client tends to claim a loss or damage, a cyber-security expert is essential in verifying the same.

The damages may not be easy to determine and tends to take a longer time. The issue prevailing so far is that in India, several of the people are yet not aware that they can claim this. He says that in India, we have not yet evolved to a point that we can sue a company stating that my information has been leaked.

Tips for Protecting Your Farm from Unnecessary Risks

If you run a farm, then odds are good that you've experienced the unpredictable nature of the profession. Whether crops are ruined because of poor weather, or you've had difficulty with managing the health of your livestock, there are many things that can go wrong in the day-to-day operation of a farm. Despite its reputation for difficulty though, there are actually a few tips that can help you get a better handle on your farm and protect your business from undue or unnecessary hardships. With that in mind, here's a look at some of the best tips for protecting your farm.

Protect Yourself With Insurance 

Insurance can be a powerful tool for many different areas of life, but it's especially important for farmers. Insurance companies like Ark Agency regularly offer farmers the opportunity to get equine and livestock insurance in order to protect themselves from any issues following an accident involving their cattle or other livestock. Given how crucial these animals can be to the success of a farm, if something unexpected happens to them, it can leave you without any other potential recourse. With that in mind, there are a variety of different livestock insurance policies out there, which can be tailored to your specific needs and circumstances. If you have highly valuable livestock, and haven't gotten an insurance policy for them yet, then now might be the time to do so.

Use Environmentally Safe Chemicals 

While everyone continues to debate on the reality of climate change, the truth is that farmers should still be trying to use environmentally safe chemicals above all else because it also has a direct effect on themselves. Studies have linked specific chemicals to health issues in farmers who regularly handle them, and it's worth noting that similar effects can also take hold in animals. If you regularly use pesticides and other chemicals on your farm, but aren't sure of their effects, then you might want to start doing your research. If you can find an similar, but more environmentally friendly, chemical, then you might want to consider making the switch.

Although these tips can't fully protect you from unexpected accidents while on the farm, they can at least keep your prepared in the event of one. No one wants to see all of their hard work get wasted due to a simple mistake, or an unexpected event, so these tips should give you the best chance of avoiding them. As always, hard work and determination can help you overcome anything, but it doesn't hurt to have a little help as well.