Filing an Auto Accident Claim for Personal Injuries

If you’ve been injured in a car accident, knowing whether it makes financial sense to file an insurance claim can help alleviate some of the stress involved in getting your life back to normal. While each state has its own legal stipulations when it comes to claiming eligibility and claim limits, many insurance laws regarding claims dictate that another driver’s actions must be the cause of the damages and/or injuries. The majority of successful claims also require evidence that the injury and damage occurred as a direct result of the accident, and did not exist prior to the accident date. Predicting the amount of financial compensation you’ll receive from your claim and whether it makes sense to file a claim in the first place is easier with the help of a lawyer.

Lawyers that specialized in auto injury accidents, such as Dinks Finance, can advise on what types of damages an insurance company will compensate, and which expenses may be ineligible for reimbursement. Depending upon the nature of the injury and damages, a car accident victim may receive a settlement for undue suffering and emotional damages. There must be proof of damage to the victim’s vehicle, the driver at fault’s insurance policy must have adequate liability coverage limits, and in some states, the accident victim must also be carrying liability coverage at the time the damage occurred. If an injury happened as a result of the car accident, the victim must also seek immediate treatment. Some states also have a limitation on how long victims have to file a claim, but a good rule of thumb is to file a claim as soon as possible after the accident.

Although most car accident victims will notify their insurance companies immediately after a car accident, it is important to not rely exclusively on the insurance company to do its job. Consulting an auto injury accident lawyer can ensure that you are filing the claim properly and are able to get the maximum amount of compensation possible. Since it is in the best interest of the insurance company to provide the minimum amount of compensation, an attorney can ensure the insurance company is not limiting the compensation amount based on a standard formula.… Read More

Tips for Effective Business Succession

When someone builds a business from the ground up, they may think they’ll be in control forever, but such thinking is unrealistic. Therefore, succession planning should be started as early as possible. Whether the owner intends to sell or pass the business on to a relative, a succession plan is crucial as it ensures the viability of the company while increasing the chance of a successful retirement. Below are four tips to start planning a business succession right away.

Include an Exit Strategy in the Business Plan

Odds are, the owner already has a plan for the next few years, but many forget to include an exit or succession strategy in the business plan. Owners should visit and they should answer a few questions when planning a succession, so they can decide what they want the company to look like after retirement, and determine whether there are systems in place to ensure smooth transitions in leadership. The sooner these issues are considered, the more time the business owner has to do things right.

Get the Family Involved

Whatever a company owner’s vision of the future may be, they should include family members in succession planning. Who may take over when the owner retires, and who is qualified to do so? Would it be better for an outsider to take over? The family should be included in the conversation, especially if a relative has the ambition to lead. By making intentions clear, business owners can avoid unnecessary strife in the family.

Assemble an Advisory Team

Business owners are experts on building and running a company, but they may not know enough about succession. A team of lawyers, accountants and succession planners can guide the owner through the complex process, but the owner must be ready to share information on the business’ current state as well as plans for succession.

Find and Train the Successor

Once the company owner starts to contemplate the future, they may feel inclined to choose a successor. However, the person taking over needs certain qualities in order to move the company to a higher level. Maybe a relative has the right qualities, or an employee can step in to take over. Decisions on succession should be made as soon as possible, so the owner can start training the person for the work ahead. By planning now, owners can ensure that the company will be around for many years to come.… Read More