How health and safety is linked to your insurance bill

Businesses in Britain are believed to receive millions of pounds per year in insurance pay-outs – and when you consider everything from covering yourself against accidentally injuring a member of the public to making sure that you can pay legal fees if you get sued, there are clearly lots of eventualities in which insurance might be useful. However, this doesn’t make the high premiums any easier to cope with – and this means that any way to reduce bills is welcome. In the arena of health and safety, for example, there are several steps that you can take to bring down the cost of paying for insurance.

Run drug tests

When you take out insurance, one of the eventualities that you’re protecting yourself against is the risk of one of your workers doing something seriously wrong and causing loss or injury. If any of your employees are taking drugs, though, then the likelihood of this happening is higher – and this means that the likelihood of a claim is also higher. Running drug tests is one way to demonstrate that you have a healthy and focused workforce, and this may reduce your premiums somewhat. Matrix Diagnostics Drug Testing offers on-site screening kits, which shows just how easy it can be to carry out these tests.[Continue Reading…]

How to gain knowledge in the world of trading

Many people make the mistake of thinking that investing in the stock market or forex market is simple. Buoyed by claims that they have heard or seen online, they dive right in and start to spend their expected profits. This is the exact opposite of what you should do though. As with all industries, you need to build knowledge and educate yourself on how trading works before spending any cash. Although the basics of how the markets work are actually quite straightforward, trading them in a profitable manner is not without the right market education.

How do you get the information you need to succeed?

The real key to successful trading is to arm yourself with the knowledge to make it work out as planned. Here are some fabulous tips to give you a head start:[Continue Reading…]

Best Forex Brokers for Beginners On The Market – 5 Main Rules Of Choosing

Forex trading is one of the most accepted ways of making money. One of the primary requirements for successful trading is to choose a good brokerage company. Choosing the best broker requires a lot of research and patience. To help beginner traders we have identified some of the critical things that every trader should evaluate when selecting a broker with a list of the very best Forex brokers in the market.

Choosing A Forex Broker As A Beginner Trader

The Forex market is the world’s largest market with a daily turnover exceeding $4 trillion. Even though it’s the largest market in the world, there is no central exchange for it. So, Forex traders have to rely on the services of a Forex broker to affect a trade.  Here is what you need to consider when choosing a FX broker:

Regulatory Oversight

First, check if the broker is regulated.  These regulatory agencies primary functions are to protect the interest of investors and to develop the rules that dictate how Forex brokers should conduct their operations.[Continue Reading…]

How to make your business water strategy more sustainable

Having a sustainable water strategy can do a lot more than just care for the environment – there are more costs behind water than the price of the water itself, and many businesses don’t realize this until it’s too late.

Total Water Solutions explains why a good water strategy is important, and how to make your business water strategy more sustainable.

Make sure it’s pure and not contaminated

Although it might seem like an odd way to conserve water, making sure your water sources are pure is a vital part of monitoring how much you use.

Water that’s contaminated with one particular virus might still be perfectly fine to use on plants, whereas another might only affect people through direct ingestion – this changes how you use that water source until it’s purified, meaning that a rural farm could end up with a lot of wastewater that’s simply too contaminated to use, or a large office building may need to switch to a backup water tank until the infection can be dealt with.[Continue Reading…]

Landlord Insurance FAQs

Do I need landlord insurance?

There is no legal requirement for you to have landlord insurance if you are letting your property to tenants – and it is not generally a condition when applying for a licence for let property when one is needed from your local council.

If you are buying the property with the help of a buy to let mortgage, however, your lender is almost certain to insist on sufficient landlord insurance remaining in place at all times – including any voids in your letting the property.

Quite apart from that obligation, of course, landlord insurance provides valuable protection for the investment you have made and the buy to let business you are running.

What if I already have property insurance?

Whether you own residential or commercial premises, you are likely to have arranged some form of property insurance when you moved in.[Continue Reading…]

Over 50 life insurance tips

Unsurprisingly, perhaps, the Association of British Insurers (ABI) stresses the importance of having the protection of life insurance, since it may help to safeguard your family and loved ones against a number of financial hardships.

The death benefits payable under a life insurance policy may help to:

  • contribute towards the cost of your funeral;
  • pay off outstanding debts, including any mortgage you may have; or
  • contribute towards the daily living expenses of your surviving family members.

In a story dated the 5th of February 2018, the Express newspaper echoed many of these arguments about the value of life insurance.[Continue Reading…]

Forex Trading

Forex trading is a thriving industry especially in the US. It has been in existence for over ten years and is the most popular liquid market in the world. On average, the daily forex trading exceeds 5 trillion dollars. All the other trading stocks do not come anywhere close to this volume even when put together. The US currency is the most traded in forex trading, closely followed by the euro.

What is forex trading?

For some people, forex trading or foreign exchange trading is a very confusing and a thorough understanding of how the transactions take place is necessary before any trading.

Forex trading involves two currencies against one another. One of the currencies acts as the base while the other acts as the counter currency. Taking for example the US Dollar vs the EUR, which also happens to be the pair with most trading worldwide, you can take the EUR as the base and the USD as the counter. On the forex bureau platform the price of one euro will have its equivalent in US dollars. The two prices are the buy and sell prices. You buy the euro at a certain amount and sell it for another amount in US dollars. Whatever difference you get between the selling and buying price is called the spread.

What determines the spread is the global demand for the currency. Demand can either push the values up or down in comparison to the other trading currency.[Continue Reading…]

Smoking & life insurance

This is a guest post from UK life insurance broker, Reassured.

The rise of the e-cigarette

In recent years, while there has been a reduction in the number of UK smokers, the nicotine replacement market has exploded.

Whether it be chewing gum, patches, nasal sprays and perhaps most significantly e-cigarettes, there are now loads of nicotine replacement products available.

These are seen by many as an important stepping stone on the road to quitting and can prove effective in weaning smokers off cigarettes.

Did you know, as an industry, e-cigarettes is on course to exceed a staggering £2bn in the UK by 2020.1

As our young adults move away from super expensive smoking, they are moving in their numbers towards alternative products.

The prevalence of vapers amongst 16 – 24-year-olds increased from 2% in 2015 to 6% in 20162, and is still rising.[Continue Reading…]

What is the 2% rule and why is it important?

One of the most important lessons every trader should observe is risk management. This is the difference between keeping and making more money, or losing money and going broke. It may sound like an easy, straightforward principle, yet it is still one that most often violated rules that traders either forget or ignore. Therefore, to help anyone new to the industry stay from losing all their money, a simple to follow rule was coined the 2% rule.

How does this 2% rule work?

It is very simple actually; just don’t risk more than 2% of your account balance on a single trade. For example, if your account balance is $10,000, no single trade should have more than a $200 margin (2% x 10,000). With every subsequent trade, you keep limiting your risk to 2% of the remaining margin, rather than sticking to the original $200. Therefore, on the second trade, had you lost the first trade, your maximum risk would now be $196 (2% x $9,800).[Continue Reading…]