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INTRODUCTIONWelcome to the global business guide. In this context, we will be taking about the insurance industry, the general definition of insurance, adequate and precise explanation of the definition, brief talk about the history, the insurer, the insured, classes of insurance, the role of the underwriter in the industry and how you as an individual can benefit maximally when you get yourself, your car, your house, even that your business insure. We do hope you will enjoy reading this article and the essence of your quest for the topic above will be met.Insurance is a financial institution classified as a non bank financial institution. They are important financial inter-mi diaries. It is believed to have originated from the ancient practices of inhabitants of the valleys of rivers Tigris and Euphrates in the present day Iraqi in about 4.000BC. History has it that in 1800BC, the Babylonians code of Hammurabi contained provisions which had elements of insurance in the laws that govern their commerce. But today what we have in the industry, both locally and internationally had moved from just an agreement between two persons into a very big industry across the globe.Going by definition, we learn that insurance means a situation whereby someone protects his or herself against risk and reduce effects of uncertainties as well as distribute loss. Other explanation to this owe it to the situation whereby a certain amount of money when collected from someone by an insurance company agrees to pay a compensation or render services to that person if and whenever that person suffers the kind of loss specified in the insurance agreement; and from the explanation, this is where an insurance company comes into play since they are the people that will go into agreement with the person taking any insurance policy against any of his belongings. This industry has widely been believed as a means whereby people reduce the risk of unforeseen circumstances. As financial intermediaries, they act as middlemen between the surplus units and deficit units of the economy thereby sustaining the general growth of the economy.One may ask, how do insurance companies generate the money used in compensating their policy holder when affected by any mishap? The answer to this question, will lead us into talking about the various means via which the insurance companies make their money and how their policy holders are compensated. The truth is that, the money they collect from their policy holder (i.e one that has an agreement with the insurance company) is invested in the form of premiums (an extra sum of money paid in addition to the normal cost of something. by BBC. Eng. dict) and that money is invested in Bonds, in stocks, mortgages (i.e house) and government securities (in our subsequent article, we will explain more of this: Bonds, stocks, mortgages and govt. securities). They generate income for themselves and those who are in their service. They invest their policy holder’s money in better business that has short term maximum returns on investment and from there meet their numerous needs when needed in claims and losses. These funds themselves are invested, that not only do they earn interest to be added to the funds, but they also benefit the government, public authorities, and industries whose securities the investment are spread, because of the investment policy of the insurer (we will explain later), their reserve funds are not left idle butt are used productively.Another way via which the insurance companies compensate those who are in their service is that the contribution of many is used to compensate the few among them who were affected by the misfortune insured against. So the loss of few people is share by many.We hope that to this extend, you must have understood the above explanation about insurance company. Now the next thing we will be considering is the functions of the insurance companies.Amongst other functions, the main function of the insurance company is risk bearing, the financial losses of individuals are judiciously distributed among many people, for example, in the case of fire, the policy holder in fire insurance pays a premium into a common pool, out of which those who suffer loss are compensated.FUNCTIONS INCLUDE1. The insurance industry encourages thrift (i.e money conservation) especially via it’s life policies which provide funds for family, welfare and old age provisions. It provides employment opportunity for those that have the interest of working with the industry.The insurance companies works hand in hand with commerce. It owes it’s existence to commerce (i.e business in general both industrial etc) and commerce in return owes it’s strong stability to insurance, this is because it helped in various ways to enhance the general trend in business.Before we proceed further to other functions, let’s explain this two terms: the insurer; the insured as it will aid us in our understanding.The insured: This is the party affecting the insurance in other words, the individual or individuals which is taking the insurance policy. This can be done either directly or indirectly or via an agent or broker.The insurer: This is the party providing the protection to cover by the policy. The insurer covers every other terms which includes the underwriter who is a senior official of an insurance company whose business lies in undertaking new business for the company.The insurance company has a contract which promises to pay compensation at a future date for a consideration known as premium (i.e. the money paid by the insured to the insurer for the insurance cover provided in the policy). Like the way we have it in other contracts, i.e having it that contracts is based on the principles of offer and acceptance, consideration and capacity to contract. These contract, especially in insurance involves two parties i.e. the insurer and the insured.FUNCTIONS 2Insurer, by reason of their principal function accumulate large funds which they hold as custodians and out of which claims and losses are met. Like in some countries, their insurers operate in many parts of the world and earn vast sums in overseas market in terms of underwriting profit and investment income. This tells us that insurance forms a considerable part of that country’s invisible exports.As we continue in our functions, let’s see the role of the insured and the insurer.ROLES OF THE INSURED:In insurance, when the proposer becomes insured the party effecting an insurance is known as the proposer throughout the negotiations, and until the contract is in full force. The insurer plays a vital role in making this aforementioned contract to come into force, knowing that in insurance contract, just like we said before is base on the principle of offer and acceptance, consideration and capacity to contract, the contracts are always evidenced in writing which is made up of various forms to be filled and signed. If the insured does not accept the insurance offer and giving meticulous consideration to that, there can hardly be capacity to contract i.e the insurance contract can never be. So, from this, we now learn that this two parties (i.e the insurer and the insured) must be involved before an insurance contract can becomes a policy.ROLES OF THE INSURERHere we are considering the roles of the insurer as a subsidiary functions of insurance; this is because in general sense (they have a very wide range of function), the insurer is the one providing the necessary insurance services, benefits to the insured, should any mishap, depending on the insurance policy undertaken. The insurer helps also in loss-prevention in the following ways:We know that the extend to which loss prevention is seen, is mostly on property. An individual or a population can suffer great loss materially, if it were not for the intervention of loss prevention scheme by insurance companies to their policy holders.The insurer also assists in boasting business venture: Many large -scale enterprise today can make their business in good faith, having transferred all their risk to the insurance company, in other words. The insurance companies help to maintain and to stabilize the atmosphere of the present day large-scale business and organizations.Many questions had risen by on onlookers, as on how the policy holder can be compesated, should there be any mishap on the policy covered. It is better for us to note that the insurance company, when a loss is incurred to the policy holder can make for his or her loss, but that can only compensate him and make him return to his normal financial position before the occurrence of the incidence and not to profit him from the misfortune. This is generally because, no amount of financial compensation can pay adequately for the life and health of persons, so life and personal accidents are regarded as benefit policies. So let there be no misconception on this fact when mishap occurs, where the public is looking for the victim to be given everything lost, and having a meager compensation given to him or her. So let’s not distrust insurance companies in this area, knowing that it’s only the restoration to the exact position before the loss that is provided.Now, as we have gone so far in understanding the functions of the insurance companies, the roles of the insured and the insurer, we will be proceeding forward to look at the various ways via which one can benefit from being insured in all spheres of life. For those who against all odds, accept insurance policy adequately, benefits, awaits them in areas like1. pecuniary insurance2. personal insurance3. property insurance4. liability insuranceWe will take our time to give you enough explanation in all the sub-sections of these areas that will be of help to you.1. PECUNIARY INSURANCE: This has to do with money or relating to something of such nature. This insurance policy benefits mostly company owners, directors, managers e.t.c This insurance policy provides cover to the employer against the loss of money unintentionally, or in a situation where an employee defrauds his or her employer on certain amount of money placed under his or her custody or in things relating to other occurrence/loss. Other policies under pecuniary insurance are; fidelity guarantee (known also as surety ship), legal expenses, credit insurance and business interruption insurance. All of these have their various function which in one way or the other relates to pecuniary. Like earlier stated, pecuniary insurance provides cover for C.E.O., M.D’S etc in case of loss of money either by intent or accident placed under the care of their employee or any officer of higher responsibility. These type of insurance cover, which their employee has will help to compensate them (i.e the employer’s) and also ease the employee the fear and tension which the mishap might generate for him or her. It is therefore advisable you consider this policy very well as an MD, C.E.O. etc, especially with the assistance of your insurance broker so as to adequately know, and be directed properly on how to go about it.2. PERSONAL INSURANCEThis involves all classes of life assurance and also accident policies. There are other types of person insurance, and the purpose of each is to meet the different need of individuals in their aim to provide for the future either for themselves or for their dependents. Other sub-divisions of personal insurance are:i. Life assuranceii. Personal accident and sickness insurance,iii. Permanent health insurance,iv. Social securityThese sub-divisions has various similarities which come out at the end to meet the same aim, like in life assurance, personal accident and sickness insurance, this policy ensures that the policy holder when befallen by any misfortune, which resulted into permanent disability or death will still be able to fend for his or herself and also for his or her dependants in the case of death.3. PROPERTY INSURANCEProperty insurance policy involves insurance cover for property should any risk of damage or loss by fire, accident, burglary or other risks that may occur. Under this, there are other sub-divisions which include:i. Motor Insuranceii. Marine Insuranceiii. Fire Insuranceiv. Burglary Insurancev. Special peril Insurancevi. All risk InsuranceIn all these sub-divisions of property insurance, respective insurance cover is given to them all should there be any damage or loss relating to the type of policy the holder has.4. LIABILITY INSURANCEThis provides cover for the insured against his legal liability to others. This can arise via negligence of the insured in failing to act in a reasonable manner. Such manners like crossing the road without properly looking on both side of the road which might result in accident. This may also arise via the insured’s unlawful disturbance of another person in the enjoyment of his or property (i.e constituting a nuisance to them) or via the insured’s trespass which is an unlawful act committed with force or violent on another person’s property. Liability insurance is also sub-divided into employer’s liability to his employee and public liability by the insured. The two sub-divisions of liability insurance owe their explanation to their respective liabilities, and since liability generally arises from lawsuits, liability policy covers only claims which the insured becomes legally obligated to.We should also bear in mind that no insurance policy can prevent theft, fire, or other misfortune or the creation of legal liability, but can provide financial assistance in such situations. It does not also protect for example, the material property which is the subject matter of the insurance, but the financial interest of the insurer. This mean that the insurer can only get a financial compensation when any mishap happens to any thing insured against and not having the property restored back in case of fire or collapse (for building).CONCLUSIONIn all, we do hope that all these explanation will give you a better insight towards getting what you want on the good step to take while taking your insurance policy. But, always make sure that you don’t do anything without first of all consulting your insurance broker ( who will take more time to tell you one-on-one the policy that will be suitable for you) before going to any insurance company knowing already that the cost of insurance is less than what would be the cost of insurance because the cost of insurance to industrialist for e.g is passed on to consumers along with other product cost and the consumers benefits from the existence of insurance via reduced prices. So make sure you get insured today. Till I see you again. Thank you.

I just want to start out by saying that network marketing online is the only way to go if you really want to be successful in network marketing. The problem is that marketing online is like a jungle of hot new push button systems that promise to solve all of your problems combined with a sea of information which results in people getting overwhelmed and quitting very easily.Today I’m not offering a fancy new push button system or anything like that but I am going to lay out a ten step formula for you to become successful at network marketing online.10 Steps To Network Marketing Online Success1 – Network Marketing CompanyObviously in order for you to be success at network marketing online you will need to join a company, it doesn’t matter what company you join as long as it has a great business model and you are joining leaders who will help you.2 – Auto-Responder and Sales FunnelBefore you start driving traffic and generating leads you want a place to store your leads in order to build your list which is your auto-responder and you want a sales funnel in place so can have multiple income streams coming in on complete auto-pilot.3 – Funded ProposalThe moment someone opts into your lead capture page you want to be offering a cheap information product or marketing system that is targeted to your niche, this allows you to make up front income even if people say no to joining your company.Everyone who has ever been successful at network marketing online has a funded proposal, My Lead System Pro is a great value packed system you could offer as a funded proposal.4 – Capture PagesYou need lead capture pages in order to capture your prospects details and I don’t mean your company’s replicated websites you need to stand out from the crowd, always remember that people join people they do not join companies. (Unless all your stars are aligned)When it comes to network marketing online your lead capture pages have to be congruent with your marketing message, without matching up your marketing with your capture pages your opt in rate will be very low.5 – Web PresenceIf you really want to be successful at network marketing online you need a web presence, now a lead capture page is a web presence but if you are serious about network marketing online you need a personal blog, your blog will be your marketing nerve centre.A personal blog will allow you to build relationships and trust with your prospects, you can send everyone from the social networks to your blog, you can generate leads by putting an opt in form on your blog, you can do reviews on affiliate products and monetize your blog, and so much more.Take a look around at every successful person online and you will see that they have a personalized blog, if you want to be successful at network marketing online just do what the leaders are doing, create a personal web presences. (Blog)6 – Learning and Taking ActionIt’s only natural to want to learn about the things you are passionate about so if you’re really passionate about network marketing online then start digging into every online marketing course that you can get your hands on, you know the old saying “Knowledge Is Power”.I would HIGHLY recommend learning attraction marketing and the BEST resource for this is Mike Dillard’s Magnetic Sponsoring.Knowledge is power but it’s nothing without action! You have to take action and go through the trials and tribulations yourself and in doing so you will become a leader because in order for you to become a leader you first must lead the way. (Action)7 – Marketing StrategyThere are a ton of ways to market online and if you focus on that fact you will get overwhelmed so don’t focus on how many online marketing strategy there are and just pick ONE.If you have never generated a lead online before then I could never be more serious when I say ONLY pick ONE marketing strategy and FOCUS on that one strategy until you are generating leads.I’m speaking from personal experience here, I used to be a “jack of all trades and master at none” I used to generate a few leads here and there but no real solid lead flow.It was only when I consistently FOCUSED on ONE marketing strategy that I started to generate over 10 leads per day and it is only increasing as time goes on. (This is with FREE marketing Strategies)8 – 25 to 50+ Leads Per DayMake it your goal to reach 25 to 50+ leads per day because when you do you will have every chance of being successful at network marketing online, you will have a totally different outlook on your business.You won’t care if that one lead doesn’t join your business because you have another 24 or 42 more leads to call on that day alone. (Your Posture Will Change And Your Leads Will Be Attracted To It)9 – Get On The PhoneAnother very important piece of network marketing online is picking up the phone and calling your leads, this is such an important piece of the puzzle and will greatly increase your results.Most people are afraid to pick up the phone and call their leads but you NEED to get over this if you want to be successful at network marketing online.In fact if you’ve branded yourself in your marketing calling leads actually becomes fun because when they answer there actually glad you called.It’s a great feeling when I call someone from the other side of the world and they pick up the phone and say “Ah Billee, How Could I Forget That Name!)… I live in Australia and there are people in America that know my name and follow my content, that’s the power of network marketing online.Mike Dillard has a great course that teaches you the right way to call your leads, it’s called Black Belt Recruiting. (I’m actually looking at the case now, it’s on my desk)10 – Teach Your TeamI would have to say the key to massive success in network marketing is DUPLICATION so if you want to build a massive team teach your new business partners the strategies to network marketing online.To make this process super simple just plug your new business partners into a marketing system like My Lead System Pro and leverage the leaders within that system to train your team.There You Have It…. 10 Steps To Network Marketing Online Success!You need to set yourself up for success before you start driving traffic and generating leads that is why I started with the network marketing online foundations.There is one last step…. Action Action Action! Take massive action towards your goals, become unstoppable and you will succeed!”See how I personally pieced the network marketing online puzzle together in my FREE Network Marketing 2.0 Training Course”.

If you live in the beehive state or have recently visited Utah for the first time you might have noticed a youthful quality within the state. In Utah-especially in college towns-there is an entrepreneurial energy that keeps new businesses (and the experienced) in the hot skillet of competition.Utah Internet Marketing: The Competition is HotOnline virtual reality is becoming just as competitive or more so than it’s offline counterparts. Utah business men and women are competing for top rankings and widespread advertisement campaigns. Utah Internet marketing campaigns are tough competition especially since online virtual mediums are in an almost constant state of change.If you are a Utah business owner, it can be difficult to decide which Utah Internet Marketing company is the best Internet marketing company for your particular needs or whether or not you should consider an in-house Utah Internet Marketing option instead. This article is designed to help provide you with the information you need to make a more educated decision.Looking to Outsource Utah Internet Marketing Services?If you decide that you want to outsource your Internet marketing campaign to a Utah Internet marketing company, it’s going to be more difficult to “keep tabs” on your company’s Internet marketing projects. So…….when you go looking for a proactive Utah Internet marketing company you need to make sure you have the right information and the right people underway in your own company first.Make sure your company is ready for outsourced Internet Marketing executing the following steps:
Find someone within your own company who can manage and consistently check up on the progression of your Internet Marketing campaign. Essentially, this “marketing” person doesn’t have to be a full time marketing employee. An energetic and ambitious employee who normally works in research, HR, as a consultant, in sales or even in accounting might have a hidden flair for marketing and may enjoy watching, tracking and reporting the progress of the campaign. He or she must spend a good portion of his or her working hours keeping in touch with Internet marketing employees, staying abreast of SEO and PPC projects, contributing to blogs and taking time to approve SEO content. This might seem like an obvious expedient but but you might be surprised how many companies essentially leave their marketing process in the hands of a Utah Internet marketing company of which they know very little. This can damage a campaign even if the Internet marketing company in question is conscientious of providing the services they are contracted to provide. Simply put, almost any Internet marketing company is likely to grease the “squeaky” client wheels and if you aren’t calling, checking up, asking questions and confirming launch dates, it’s very likely that your company will receive second rate services.

Decide exactly what it is that you want your website to accomplish. Whether you want visitors to buy products, make inquiries or submit information via your website, you need to know your goals and the respective priorities that will help you reach them.

Decide how much you want to spend. Your budget will determine the range of prospective Utah Internet marketing companies you can work with. Spending more will not necessarily get you better service or results so it is important that you know how much you want to spend. That way, you can select the best Utah Internet marketing company within your price range without getting unduly distracted.
Start Looking for a Utah Internet Marketing FirmOnce your own company is prepared to invest in an Internet marketing campaign, it is important to look for a Utah Internet marketing firm that has the following five characteristics1:
The Utah Internet marketing company you select should be able to promise you something. Internet marketing sales persons might be quick to say that Internet marketing companies can never promise any thing since so many Internet marketing services are variable in nature. In a sense they are correct, but if they can’t give you a promise of generalized progress over a given amount of time, it isn’t likely that they are trying hard enough to win your patronage.
Does their site rank well? This is important since they are after all an Internet marketing company. Ask them which keyword phrases they rank well for and take a look at their online material. Their sales persons may be slick and polished but if their website is less than helpful it’s not likely that you have found the Utah Internet Marketing company that is going to do your website the most good.
If a company can’t guarantee a certain amount of satisfaction (defined satisfaction) then forget it and move on to another company.
Choose a company that is willing to explain their services to you. Some companies enter the world of Internet marketing without understanding what exactly their Internet marketing firm will do to recruit links for their site. Not knowing the basics can get your company in trouble.
Look for a company that prides themselves on their market research capabilities.
In-House Utah Internet MarketingIf you like getting your own hands in the action then perhaps in-house Internet marketing is the game you should play. In-house marketing is beneficial in the sense that you have complete control of your Internet marketing process. It also means that when things get “tight” you can suspend your campaign and not be penalized for late payments.Whether you go in-house or take the route of outsourcing, investing in Utah Internet marketing is important for almost every kind of Utah business.1 The five characteristics are taken from the following online article: http://www.salemglobal.com/website-marketing-choosing-seo-firm.php