All posts by Vlad

Saving Money with Solar Power

Solar Panels UtahAs we discuss Insurance Costs, we also need to look at other ways we can save money in our Homes and Businesses.  With the rising Utility Costs across the Country, it’s no wonder that more and more Home Owners are going to Solar Energy using Solar Panel Arrays.  Many States have great Solar Incentives including Grants, Tax Breaks and more.  The key to Solar Energy is finding the right Solar Contractor to install and setup your Solar Panels and System.

For instance, we’ve worked with a Solar Panel Contractor in Utah named Synergy Power LLC.  Synergy Power is a local owned Solar Installer that is a second generation Contracting Company providing everything Solar.  They have spent years learning, installing and perfecting their craft, and have the knowledge and info you need to better understand the costs and savings associated with Solar Energy.

Solar Energy for your Home can really cut costs, and provide you with ongoing savings.  Yes, there is an up front cost for setup but many times you can receive grants, tax breaks and other incentives to offset the initial cost of Solar.  You will need to contact a Solar Contractor in your State to find out what specific incentives are available, but don’t overlook other key reasons that Home Owners are switching to Solar.

If you want to protect the environment, then Solar is a great option.  It is truly Green Energy, and provides a sustainable energy resource for you and the future of your Home.  Many Solar Panel Manufacturers offer 25 year Warranties on their Panels, giving you the security and help for the future.  With Green Energy like Solar Energy, you are helping to eliminate Coal Burning energy plants and other types of Electrical Plants that cause environmental concerns.

Solar Panel Maintenance is also minimal, providing you years of Solar Energy with minimal upkeep.  The ongoing costs for Solar can be extremely low, and with a little help from you, your Solar System can last decades providing clean energy for your Home.  As technology increases and Solar Panel’s become more effective, it just makes it easier and easier to own Solar.

So, how does Solar Power work?  Here’s diagram showing how a simple Solar System provides Power for you and can even send Power back out on the Grid if you are not using all of the Electricity.

how does solar power work

With Solar Power, you are not only saving money for you and your family, but you may be providing Solar Energy back out onto the Grid for others when you are maxed out an there is Electricity to push out to others.  This truly is an amazing opportunity to go Green, protect the Environment, and save money on your Home Utilities.

How you Should Weigh Your Insurance Plan

Choosing the right insurance coverage is never easy. There are many things you need to consider. Apart from comparing the premiums, deductibles, and copayments, you need to make sure you are dealing with a reputable company. You also need to consider lifestyle and risk of danger. I have a buddy who loves to do Helicopter Pig Hunting among a handful of other extreme hunting and sports. I know for a fact, he has a great insurance plan that will cover any kind of accident, broken bone, stitches, and life insurance he may need on a daily basis. When you take risks in life, you still need to be responsible and make sure you aren’t drowning in medical bills or your family is left with overwhelming debt. Fortunately, there are now benefit planning advisers you can hire to make sure you’re in good hands. These experts can help you choose the best insurance package and maximize your benefits. So before you choose a package for you and your loved ones, here are some tips from our experts:

  • Choose the best type that meets your needs

Generally, there are three types of plans: HMO (health maintenance organizations), POS (point-of-service plans), and PPO (preferred provider organizations. HMO usually offers a more affordable cost, but you can only choose a physician within a specific network. For PPO, you can choose to stay in-network or go out of network for a “heftier” fee. Keep in mind that out-of-pocket costs are also higher for PPO’s than HMO’s. On the other hand, POS is a combination of HMP and PPO. In POS, you have the option to pay more for venturing out of network. Although, they usually require choosing a primary care physician within the network, or get a referral from that physician before consulting any specialist.

  • Size up the costs

Compare the total costs of various plans and choose the best one that suits your preference. If you’re young and healthy, you may witch to pricey monthly premiums for a higher deductible. Just make sure to check other fees like “copays” and coinsurance. These should include the physicians’ fees and your share of the cost for medications or hospitalization.

  • Consider your doctors

Before choosing a plan, check the list of primary care physician and specialists. It would be better to choose an insurance company where your doctors are currently affiliated. You may also ask your doctor for referrals.

It’s always good to prepare for the future. Getting the best insurance plan for you and your family can save you from those unwanted medical bills. Just make sure to choose the right one and try to maximize your benefits.




The Questions you Should Raise to your Driving School

Driving heavy vehicles like trucks and busses requires more knowledge and experience—from controlling its steering wheel and shifting gears to switching lanes. Today, even professional drivers go to a reputable driving school for more training and improve their skills. Before you enrol, these are some practical questions to keep in mind:

  1. Are they registered?

The first thing you need to know is the legitimacy of your prospect driving school. Make sure they have business permits. They should present you legal documents including their team’s profile. All drivers should carry their professional driver’s license at all times. This is for your own safety as well.

  1. What are the programs they offer?

Life Vault strongly suggests checking the programs they offer. A reputable commercial driving school should offer both accredited and vocational courses. Review the outline courses and compare them to other schools. This will help you evaluate the quality of their programs

  1. How long are they in the business?

Experience is always a big factor. This determines the credibility of the school or company.

  1. How are the facilities?

A short tour to their facilities can help you decide. Check everything including the vehicles they have for their students. Keep in mind that driving lessons should be hands-on. It would be better if they have different types of trucks and busses.

  1. What are the rates?

Of course, you need to know the rates before you enrol. Review the packages they have. Do they offer insurance as well? Clarify everything, especially if you are considering both accredited and extra courses.

Many driving schools also provide certificates to those who finished their courses. You can use this as an advantage when applying for a job. They can even help you accomplish your driving requirements like proper licensing and other documents.

Help Guide: Choose the Best Home Care Service for Your Loved Ones

There will be a time that our loved ones may need professional home help services. The process of convincing them (even yourself) can be really tough. Everyone knows that people value their independence. Having someone come into one’s hoe to assist with such intimate activities such as bathing, dressing, and going somewhere can be a problem.

As time passes by, our aging parents could have more impairments with aging. You might need professional help to address all their needs. The only question is how do you choose the right people to do these chores? Here’s a short guide to make sure your loved ones is in good hands:

Consider the safety of your elders

The first thing you need to consider is to ensure the safety of your elders. Keep in mind that some people can abuse them in many different ways—physically, emotionally, and even financially. This is why you need to find a reputable service provider. Run a thorough screening process before hiring anyone. Ask them about their experience. If possible, look for certificates and proper licensing.

Weigh the costs

Finding a full time experienced home care provider can be more expensive. This depends on the credibility of the service provider. Expect to pay more for additional services like working on holidays and weekends. There are home care centres with good programs. They have extracurricular activities like film viewing, tours, and even sports. This is to reduce stress and keep your loved ones entertain.

Do your research  

It is advisable to do your research before hiring any home care service providers. Look for more options and compare the packages they offer from other service providers. Read reviews and testimonials to know more about their services.

Again, this is a tough decision for everyone. Consult a professional and talk to the whole family. Keep in mind that your priority is the health and safety of your elders.



Implementing Safe and Healthy Programs for your Employees

Every business owner knows how important it is to implement health and safety system. To simplify the process, here are some tips you can follow.

  1. Documentation

Proper documentation is one of the keys to improve the program. It should also be accessible to all employees. This will remind everyone about the office safety precautions and can also serve as a proof of the company’s due diligence if something goes wrong.

  1. Action plan

Start with the basics. Make sure to check legal requirements and develop a plan that suits your business nature. Try to break it into simple steps. It is also advisable to hire an expert consultant to help you launch your health and strategy program successfully. These professionals can help you focus on the most important steps.

  1. Training

Make sure all your supervisors have the necessary certification and proper training required for particular work environment. There are refresher courses offered. This will help you further improve the health and safety system. It is also advisable to train all your staff. Get them familiarized with the equipment they will be using in the future. Organize a short seminar to introduce them to the company’s health and safety procedures. .

  1. Safety Infraction Disciplining

Discipline is also a huge factor. So make sure to reinforce the policy to ensure their safety. You need to set the tone and enforce proper workplace behavior. Be strict with your rules and regulations. Send out a written memorandum to every employee. Schedule a meeting and discuss every detail including the penalty and sanctions they will face in the future.

  1. Appoint a health and safety committee

Having a designated health and safety committee can help you enforce the policy and improve the program. This department should conduct all the seminars needed. They will be responsible for ensuring an accident response system in place. They should also implement internal response investigations whenever accidents occur.

Implementing an organized safe and healthy program can improve the work environment around the office. This can increase work productivity and efficiency. Consider hiring the best consultant to make things in order.



Points to Consider when Getting an Insurance

Planning for the future is always a good thing. Dealing with unexpected health bills can really surprise you. With so many health insurance companies offering different schemes, how do you choose the right one for you and your family? To help you out, here are some tips as recommended by our experts. Read on.

TIP #1: Do your research

There are many health insurance providers you will see online. Browse their website and read reviews about their services. Check the ratings by consulting several private agencies. Keep in mind that there are different criteria when rating a provider. You may also use your personal network. For sure, you have friends and relatives who can recommend a reliable insurance company.

TIP #2: Review the coverage

Before choosing a package, review the policies for each. Always check the requirements to see if you and your family are qualified. Compare the coverage for each package from other providers.  Choose the best one suitable for you and your family.

TIP #3: Check the list of hospitals and doctors included

As much as possible, choose an insurance company where your physician is affiliated. There are also some insurance companies give their members the freedom to choose any private hospital or doctors. Always verify the policies to avoid discrepancies in the future.

TIP #4: Examine the fees

Find out how much you should pay for each package. Keep in mind that the fees will depend on the coverage of your package. Review the costs and see if you can really pay for them. Never get anything you cannot afford. This is still a problem with most people. They tend to get the bigger package, but have a difficult time paying the monthly fees.

To sum it up, choose a company that can provide you with appropriate recommendations, products and prices, and has a good track record. You should also consider your financial capacity to meet all your obligations.



How Accountants can Help Your Business

Reading the headlines these days should be enough reason to make sure your business comply with all the requirements needed. Take some time to review the local, state, and federal business regulations. Keep in mind that laws are constantly changing. Today, more and more business owners are failing because of inaccurate accounting. So if you want to stay on top, our team strongly recommends working with reputable business accountants.

What do accountants can do for your business?

Just to name a few roles, these professionals can help you with your finances, taxes, budget, business operations, business equity, business management, and many more. This field is very broad and require knowledge and experience to make sure you get accurate reports. Consistency is the main key here. Keep in mind that every accountant has their own specializations. You can always find a partner who can improve your operation. They should help establish the best plan for your upcoming projects. They should also provide detailed reports of your finances and deal with all your tax issues.

Challenges for growing small businesses

There are several good reasons why you need an accountant. Once you realised you need one, it only means your business is expanding. The question now is do you need to employ a full-time accountant? This is one of the challenges for growing businesses. Like any other business owners who are looking to save money, you can always start with project-based accountants. You just need to know your priorities.

You can also look for a third party to help you come up with the best possible solution.  Check out the services they offer and choose the best one that suits your preference. A good accounting firm should know how to adjust their packages for their clients. Ask for an initial quotation and read more reviews about their services. This will help you choose the right firm for your business.

What You Should Know About Your Car Insurance

Do you have an idea, how much you really pay for your car insurance? Review the package and coverage once again. Compare the rates and coverage of your insurance package. Is it worth it? Do you get what you paid for? Well, your car insurance depends on many factors. This includes your age and marital status, your location, and your vehicle. While you can’t do anything about your age, some people prefer to choose the premium package. However, you can choose what vehicle to purchase that costs lower insurance rates.

In this article, we will give you some tips to help you when getting insurance. Read on.

Knowing the coverage of your car insurance plan

As mentioned above, you need to identify the whole coverage of the insurance package. While most car buyers go for single insurance policy, it is best to be familiar with the specifics and how the average final cost. Refer to the list below for your own guidance:

  1. Bodily injury liability – This includes injury and death claims against you. It should also cover the legal costs, in case your vehicle injures or kills someone.
  2. Property damage liability – This includes claims for property damaged by your car in an accident. Most car insurance policies also cover the other party as well. This setup is now required in most states.
  3. Medical payments – Not all insurance policies include this on their package. So make sure to review the documents before signing them. Medical payment policy covers the bills to yourself and to occupants of your car. While this is only optional in some states, it would be wise to be include this in your package
  4. Uninsured motorist protection – This shall cover injuries caused to your or the occupants of your vehicle by insured vehicles or during the period of hit-and-run incidents. Some packages also cover the claims against a driver who has incompetent insurance. As of now, over 30% of the drivers are still uninsured and more than 70% has inadequate car insurance.
  5. Collision coverage – This is another thing you should consider checking when purchasing an insurance package. Some insurance providers only include minor repairs in their package. Discuss the collision coverage, and make sure they cover the up to its book value. It should carry out a deductible that includes the amount per claim you have to pay before the insurance takes effect. Generally, the lower the deductible is, the higher the premium coverage. While this is also optional, many financial and insurance experts recommend having this.
  6. Comprehensive (physical damage) – And finally, we have the comprehensive policy. This shall include the damage to your car from theft, vandalism, fire, wind, flood, and other non-accident causes. Most packages may also carry a deductible for this coverage.

Everything You Need to Know about Malpractice Insurance

Every medical practitioner knows they can be held responsible for any diagnosis and procedure they perform. And even if they know they did everything they could, they can still get sued and face charges. Keep in mind that there’s always a risk for everything.  This is why even the most competent physicians consider getting comprehensive medical malpractice insurance. Before you look for providers, here are some of the things you need to know:

What is the usual coverage and policies of medical malpractice insurance?

A reputable insurance company should cover you against any claim of medical negligence. They also cover your conduct as a member of a peer review panel. This is to protect you from lawsuits claiming that an adverse peer review decision made by the insured was inappropriate and cause a loss of assets in any form. There are policies that may provide a dollar amount available to the insured if a lawyer needs to defend against licensing or peer review proceedings. Keep in mind that every insurance company have their own policies. Make sure to discuss with them the terms and the coverage of your insurance.

Who is covered?

First, it should be obtained by yourself, your entity including the whole corporation—Limited Liability Corporation, Partnership—and your employees. Keep in mind that you need to maximize the coverage since you are rendering the professional services. If you are in a corporation or other entity, consider getting them covered as well because employers can be held liable for the acts of their employees.

It is important to protect the entity since it holds your business assets including the equipment and accounts receivable. Convince your employees to maintain their own coverage as well to protect their assets.

In some cases, particularly in solo practice incidents, insurance companies may provide you an entity coverage sharing policy limits with the health care professional at no extra charge. If there is more than one in a group, the premium charge is usually about 10% of all the members are paying. Again, make sure to discuss this with your provider.

Are there exclusions?

Just like any other insurance policies, they may contain exclusions. Usually, they don’t include coverage of illegal conduct, items misrepresented on the application for insurance, hospitals or laboratory administration, records alteration, and sexual improprieties.

You also need to see what kind of coverage you may need for the equipment you use in your practice. Keeping equipment cycled out and up to date can be expensive but essentially. For example, Philips MRI Parts can cost anywhere from a few hundred to a few thousand dollars, but faulty equipment claims could cost you multi-million dollars in legal fees and law suits. You have to cover all of your bases.

While this can be expensive, it is only advisable to review the coverage of your insurance company. Remember, your name and your professional career is on the line. So, be careful with your decisions. Maximize your options and choose a licensed insurance company. Do your research and make a background check. Consider reviewing their profile and credentials. They should at least provide at least three well-known referrals.


5 Insurance Policies you Should Have by Now

Just like the most of us, we want to protect our assets to establish a solid personal financial plan. This is why most people consider getting an insurance plan. The question is: what is the right insurance policy do you need? Knowing the right insurance policies and getting familiar with its coverage will help you protect your earning power and possessions. In this post, we will discuss some of the most important polices the insurance company should provide.

  1. Long-Term Disability Insurance

step by stepMany people ignore the importance of this insurance. While most of us hope that nothing bad will happen in the future, we still cannot predict accidents—this is why you’re looking for a good insurance company in the first place. So, my advice is to include disability policy that provides enough coverage to enable you to continue to your current lifestyle, in case you can no long continue to work.

  1. Life Insurance

This type of insurance actually protects the people that are financially dependent on you. Financial  saplingaid will be divided or given depending on the beneficiaries you authorized and the coverage of the policy. Just think about your income, length of employment, and the purchased insurance plan—generally, they will replace that income in the event of your untimely demise. It also includes the cost of burial, as the unexpected cost is burden for many families.

  1. Health Insurance

This is probably the most important insurance you should have by now as the medical care continues to rise. Even a simple check up to your physician can result in a hefty bill. Make sure to review the coverage of health insurance you’re getting. Many insurance providers include minor to major surgeries, medical bills, hospital room rates, and check-ups. Check the affiliated doctors and specialists as well.

  1. Homeowners or Property Insurance

8ec4a13a65261cbee16d4f70d8cfac05Having this type of insurance is actually a requirement when constructing a property. Consider discussing the terms and conditions from your contractors. When choosing one, opt for one that not only covers simple repairs, but also total replacement of the structure when damaged. One of the most common replacements for this area is aluminum siding on the exterior of your commercial or residential listings. Make sure to check with your insurance and aluminum siding contractor on when you need a repair what costs could be in cured and how to best cover those with your new insurance policy.

  1. Automobile Insurance

Car accidents are very common these days. This is why it is only reasonable to apply for car insurance. This insurance can actually help you save money, time and effort. When accidents happen, it is usually a long process. You need to take care of legal documents, auto shop repair services, and even legal counsels when someone filed a complaint. A reputable car insurance provider will take care of all these things.


These are some of the insurance packages you should consider applying for. Again, always check the coverage they are offering. Choose a plan that suits your lifestyle, needs, and budget.