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01-25-2007, 12:19 PM #1
- Join Date
- Dec 2006
Wise Tips to Lower Insurance Cost
1. Don't lie on an application. This is about the worst thing you can possibly do. If you lie, you'll get caught at some point. You'll then be cancelled/declined, and that will follow you around for years. You'll notice on each application, there is a question something along the lines of, "Have you ever been denied insurance or had a policy cancelled before?"
They'll check. They'll also pull your MVR (Motor Vehicle Report). They'll also likely run a CARFAX on your vehicle to see if it has been involved in any prior accidents.
2. Pick the highest deductible that you can afford. This is difficult for many people to comprehend. Many times, people will choose $500 or $1000 deductibles because it makes the premiums very attractive. Unfortunately, when you get into an accident (your fault or not), you then have to pony up the deductible (unless the other carrier pays for your damage). As an adjuster, one of the most common complaints that I'd hear is, "Well, I don't have $1000 in the bank to repair the car. The accident wasn't my fault. What are you going to do about it?"
Unfortunately, the answer typically is that the adjuster is not going to do anything about it, aside from try to get your deductible back from the responsible party, either by the process of subrogation (one insurance company going after another) or a lawsuit if the person is uninsured. Neither guarantee success, and in most cases, the adjuster is going to require that your vehicle be fixed prior to taking any action against a responsible party because, if we do it beforehand and the repairs cost more than the demanded amount, the insurance company is out that additional money.
So, the rule of thumb is as follows: If you don't normally have $1000 in the bank, then don't take the $1000 deductible. If you really only have $500 or $250 in the bank at any one time, choose that as your deductible amounts.
3. Know the value of your vehicle. Many people throw out thousands of dollars per year on useless insurance. A good and honest insurance agent will help you determine if you need Comprehensive and Collision insurance. A less-than-good agent (not necessarily dishonest, but let's leave it at inexperienced) will write you up any coverage you want without asking money-saving questions.
In the Internet-shopping environment, many times you don't deal with sales agents to look out for you. Saying that, most people have no realistic clue on the planet what their vehicle is worth. Check some here.
You have to be realistic when you use these websites, particularly NADA and Kelly Blue Book (KBB). Read the descriptions, particularly the "Vehicle Condition" descriptions on the website. While you may think your vehicle is in "excellent" condition, it is extremely likely that it isn't. KBB will help you, if you need it, to accurately determine the condition of your vehicle.
The above websites are what your own insurance company uses to value your vehicle in the event it is a total loss. They'll also likely use CCC Valuescope, which is not a free site. But, CCC Valuescope relies on CARFAX and NADA to do a lot of the dirty work for them.
Realize that mileage is one of the biggest factors in determining the value of your vehicle. Higher mileage equals lower value.
Compare the premium of the Collision and Comprehensive insurances to the value of your vehicle, and don't forget to take into account the deductible. If you're carrying a $500 deductible on a $1500 vehicle, you're throwing out money. All you need is liability insurance, along with whatever uninsured motorist protection and medical coverages you need. You don't need to be wasting your money on Comp and Collision. See current insurance companies price at http://www.oneshopinsurance.com
Nursing Agency Backoffice Software is a Backoffice Software made to make your tasks easier and your operation more progressive and productive.
* Eliminates data entry and possible for errors with complete, integrated front and back office functionality;
* With a single point of entry, information will be designated orderly from sales activities, applicant tracking, job search and placement to managing job orders, payroll, invoicing, and reporting. This is broad staffing recruiting software.
* Access to information at your fingertips all people (with rights you control) have real time access to the data they need.
It could access information to your people you control provided that they have real time access to the data they need.
If you have satisfied all the above requirements and task, this means you are already in business. One of the most time consuming part of a nursing agency are the backend office work. This includes client setup, employee screening, client /employee matching, keeping track of time records for employees and organizing the billing system.
There are several software solutions to fit individual needs such as QuickBooks and Peachtree, but this type of application software are geared towards invoicing and managing your bank accounts. They are what you would call universal all purpose software. To remain competitive and be able to manage your manpower efficiently and effectively, it is recommended that you automate your backend solutions.
Our Nursing Agency Custom Solutions Software (NACSS) was design for this specific purpose.
The software features 5 main modules.
Client - In this module you would enter all of your clients pertinent contact information. You will also specify client preferred payment method and financial information.
Employee - The employee module has more data collection than the client module. Aside from entering employee contact information, here you will input all employee skills information which covers just about every skill in the nursing field. The module also has the ability to attach Photo ID and resume with employee file. Because some states require you to conduct FCRA compliant background checks, the employee module has integrated an instant background check sub-module which connects you instantly with our partnered site to provide you Instant FCRA Compliant background checks which automatically converts to a PDF file and attached to your employees personal file. The final data collected in the Employee module is availability. Employee will identify hours he or she is able to work and in what days.
Job Order - The job order module is where you will enter all job request sent to you via phone, fax or email. Data being collected in this module are Client ID, number of nurses needed, hours needed, days need, length of time need, reporting supervisor, special skills required if needed, client pay per hour and employee pay per hour. Once these data have been entered into this module, NACSS will look for the perfect employee to match client needs. Once an employee has been assigned to a job order, their status is marked unavailable so that they are not included in the auto matching process. Once a match is found, the matching employee file will open ready for calling to offer the vacancy. Once they accept, you mark the job order as filled. If they dont accept the position, NACSS will look for the next candidate most suited for the job until the job order is filled.
Daily Time Record - In the daily time record you will enter all your employees signed timesheet.
Billing & Payroll - Once a Job Order is fulfilled and satisfied, NACSS will automatically send the completed job order into the billing module, where it sits until its maturity. Maturity is the time when the open invoices are billable, the billing period is set in the Client Module whether Net 15, 30 or 45 days. Once a job order is matured, it will auto-generate a billing invoice ready for your mailing. If your client has authorized you for auto-pay you can have NACSS auto-print a bank draft which you can in turn be deposited without having to wait for clients payment to arrive. In the payroll portion of this module, you can at anytime print the employee week to date or month to date or past hours worked. Payroll automatically calculates the amount being paid out to employee per job order. The DTR can then be sent to a 3rd party payroll processing company such as ADP.
Nursing Agency Custom Solutions Software is a unique backend solutions software that will keep your business running in a straight track. A must have for every nursing agency!