Word on Dime

Fire Preventive Solutions: Installing Water Tanks

November 23, 2015 at 10:19 am Comments are Disabled

water tankFire can start anywhere at any time. Depending on your location, it can start right from your surroundings due to extreme heat. Grass around your property can immediately catch fire and spread in at dangerous speeds. Other common causes are faulty electrical wiring within the structure or cooking materials left unattended.

As fire can easily consume everything in its path, most of your properties may already be in flames before help comes. It is best to have something to keep the damage at bay like a water tank.

Water Tanks as Extra Supply

You never know when accidents happen so it is better to have a quick supply of water to fight the flames off. Fire can quickly spread and you are simply wasting time by looking for a way to get water out of the nearest faucet in the house. Having a tank gives you immediate access to a supply of water so you can quickly fend off the flames before they get bigger.

Water Tanks as a Cost Effective Solution

The amount of bills you will pay using the water line to fight fire is another problem. When you have a ready supply to use, it becomes less expensive. You already incurred expenses from the damage. You do not want to add to it with using a running water supply. Water tanks, says Victoria experts rhinotanks.com.au, can collect rainwater so you can use this free supply from irrigation of gardens to fire prevention. Using a filtration system, you can have this collected water purified for drinking.

Look for installers of water tanks in Victoria and get your own for your property. Find quality systems allowing you to store more water for daily use. It is better to have protection from fire when you are living in fire-prone areas. Having additional supply of water ready can help minimise the damage in your property.

Have a Safe Trip! The Importance of Insurance to Travelling Employees

March 14, 2015 at 10:34 am Comments are Disabled

Travelling for work is something most people would like to have in their lives. It’s not the free trips, but it’s the chance of going to cities and experiencing a slice of its culture and society. Most of the jobs are accountants, management trainers or corporate representatives; usually high-pressure positions.

business flightNevertheless, it still pays to be safe while jumping from continent to continent. Being aware of the culture and learning small phrases to help you get around can be helpful. Having an internationally recognised insurance policy, however, is a thing every travelling employee should have.

Encountering Hazards Abroad

People should be aware of the dangers of being abroad. As a foreigner, it’s best to read about the current situation about the place you’re about to visit. Whether you’re going to Ukraine, Taiwan or Argentina, read about the prevalent events and especially the health concerns. It’s good practice to get shots or vaccines to help your immune system deal with an alien environment.

Possessing a medical insurance certainly eases the mind. After all, even if you get sick, the biggest hospital will accommodate you, granted you have a global insurance plan that Hong Kong’s pacific prime.hk and other agencies provide. These agencies work with AXA, Cigna, Blue Cross and other internationally recognised insurers. At any rate, the company usually provides the insurance.

Securing an Opportunity of a Lifetime

Travelling is one of life’s greatest joys, and if you’re being afforded that opportunity consistently, don’t take it for granted. It pays to be safe against any risk that you could encounter in a foreign land. Moreover, the side effect of impressing your boss isn’t too bad, either.

Visiting cities such as London, Tokyo, Barcelona or Melbourne will offer the experience of a lifetime. Wonderful as those places are, it’s still better to expect that unfortunate events might happen. Put a barrier between you and bad breaks by getting a global insurance plan.

Not Enough Attention: What to do if Your Home is Not Selling

March 7, 2015 at 12:55 am Comments are Disabled

Staging HomeThe entire process of selling a home can be overwhelming. It can be even more stressful when things do not go quite as planned. If your home is not getting enough attention and offers, you are likely losing all hope of selling it. A home that stays on display for months may also have buyers thinking that something is wrong with it.

Don’t lose hope yet. HouseTree.co.uk shares what you can do if your home is not selling:

Trim the Price

Re-evaluate and think if your home was realistically priced in the first place. It is common for many homebuyers to ignore overpriced properties. If the prices in your area or on a general downward curve, it is best to reduce the prices according to that of neighbouring properties.

Market the Right Way

Review and go through the details prepared for your house, including the photos used. Try to improve existing photos by staging your home properly. Keep in mind that first impressions are everything when it comes to home purchases, especially online. Provide more images and be sure the lights are flattering when taking new listing photos.

Go Online

Digital is the way to go; turn to the Internet if you are just marketing through an estate agent. There are online estate agents who can help market your home in the best possible way. Online agents also use modern technology to ensure maximum exposure for your property.

Fix Home Problems

Sometimes, properties on sale do not get enough attention or offers due to minor structural damages. Get feedback and try to identify the problem areas people are spotting. Ask your estate agent if there is anything you can to make your home more appealing to buyers.

Take it Off the Market

It may be a better idea to take your home off the market for a while if you do not want to make compromises on the price. You can also take the time to make your property more desirable by refreshing the exterior and interior. Try again when the market improves.

Get feedback from your agent and other potential buyers if your house is not getting enough attention. Listen to their concerns to successfully sell your property.

Tips For Success: How to Run a Successful Compliance Operation

March 4, 2015 at 8:37 pm Comments are Disabled

EmployeeOperating a successful business in financial services is not just about making a healthy profit. It also means running a ‘tight ship’, meeting all your compliance obligations so that you can minimise the risk of regulatory penalties and needing to pay compensation for upheld complaints.

ScottRobert.co.uk shares the following tips to help you run a successful compliance operation:

• Compliance monitoring plan – put together a master document which summarises the main compliance tasks to be performed, and which explains the checks to be carried out in these areas, how often they will be carried out and who is responsible for ensuring that they are done.

• Compliance tasks diary – keep a diary of key milestones in your compliance calendar, such as dates when regulatory returns need to be submitted, dates of staff performance reviews and dates of audits by your compliance consultant. Ensure that you prepare for each event in advance, so that you can meet each deadline.

• Compliance procedures – you should maintain written procedures which explain the steps your firm takes with regard to areas such as complaints, data protection and anti-money laundering. This should ensure a consistent approach across the firm.

• Training – train your staff as to their regulatory obligations, and provide refresher training as required, as new rules and guidance are issued on a regular basis

• Sales monitoring – ensure you have a comprehensive risk-based monitoring programme to check the suitability of sales made by your advisers or salespeople, and to check the quality of the information and documentation being provided to customers. You should make use of management information to ensure that the individuals and products deemed to pose a higher risk receive a higher level of monitoring.

• Senior management buy-in – the Financial Conduct Authority (FCA) can hold senior managers accountable for compliance failures. A compliance culture must be embraced by the board of directors or equivalent, and compliance issues should be on the agenda at every board meeting. Where issues of concern are raised by the compliance function or an external consultant, management must take them seriously and not just think about short-term commercial gain.

• Documentation – a common mantra in compliance is ‘if it isn’t written down, it didn’t happen’. So you need to ensure that not only do you carry out compliance monitoring activities, but that you can evidence that these activities were carried out, and that the results were acted upon

• Management information – maintain simple data on issues such as: the causes of complaints, the issues covered in complaints, file review stats for sales staff, product mix and provider mix, cancelled policies and customer satisfaction levels. Consider what lessons you can learn from the data, and what you might need to change as a result.

Following steps such as the ones listed above should greatly reduce the chances of your firm falling foul of the FCA.

Identifying and Reducing the Hazards in the Construction Industry

March 4, 2015 at 1:15 am Comments are Disabled

dangers of construction sitesIn January 2015, the news reported a work-related injury that happened on a portion of Sydney’s North West Rail tunnel site. A 39-year-old worker suffered from injuries after a boulder hit him from behind while working on one of the tunnel’s entrances.

Unfortunately, such accidents in the construction industry happen all too common in the country. This sector is among the top ten most dangerous jobs in Australia, claiming the lives of several people and injuring many others each year.

Common Hazards in Construction Sites

The first step in effectively reducing the number of incidents in the construction industry is by successfully recognising possible dangers at a work site. Here are some of the most common tools, equipment, and places in a construction site associated with the most number of workplace injuries and deaths:

  • Unsafe ladders and stairs, which may cause injurious and fatal falls;
  • Weakened or unsafe scaffold, which may pose fatal trips and falls;
  • Unsupported or unprotected trenches, which may collapse and cause suffocation and death;
  • Electrical equipment, power tools, wires, and receptacles, which may all cause electric hazard when used improperly;
  • Forklifts, which may cause injurious tip over accidents;
  • Uncapped or unbent rebar, which may cause impalement injuries.

The Role of Contractors in Mitigating the Risks

Contractors and site owners play a vital role in reducing the risk of work-related injuries at a construction site. Through conducting education and training, you can equip your workers with the needed knowledge in identifying and managing workplace hazards. Investing in high-quality construction tools and safety equipment can lower the risk of workplace incidents, as well.

Finally, setting up compensation insurance for workers would protect them and your business from the financial repercussions of a work-related construction incident.

Although common, accidents in the construction sector are usually preventable. With proper degree of vigilance and care between both parties, workers and contractors can work hand-in-hand in reducing the dangers, one shift at a time.

Things to Take Into Account When Choosing a Wedding Reception Venue

January 5, 2015 at 8:54 am Comments are Disabled

One of the major items that are first Wedding Receptionchecked off a wedding planning list is the reception venue. Looking for the right one isn’t as easy, though. It can be a challenging process as you need to take into account a number of things. You have to think about the venue’s distance from the church or other wedding venue, for instance.

If you’re planning a wedding in western Sydney, there are several function venues to choose from. Create a short list and narrow down your choices by thinking about the following:

Capacity

Be sure that the size of the venue matches the number of your expected guests. It should accommodate all your invited friends and relatives, with room for a few more. Thefiddler.com.au and other western Sydney wedding reception venues suggest having several seats reserved for last minute attendees. Additionally, there should be enough space available for the caterer, the wedding cake, the band and others.

Availability

Before booking a venue, you should set a couple of possible wedding dates. There’s always a good chance that some people have already booked your chosen venue on your preferred date.  If you’re going for a weekend ceremony, you may be required to reserve the place far in advance.

Conditions

Conduct a quick personal inspection and ask the venue managers some important questions. You may want to know, for example, if there’s an in-house caterer available. If there’s none, can you hire one yourself and bring them to the venue? You should also ask about the parking space. Is there enough available for all your guests. You may ask about any reception package or discount they offer.

The western Sydney area is a nice place for weddings. With some research, you can find the best one for the wedding that you are planning. Just remember these simple tips to make the decision process much easier.

Lock Up: Upgrading Security on Silver and Gold

March 13, 2014 at 2:17 am Comments are Disabled

gold and silver barsCounterfeiting precious metals became a problem almost as soon as people decided gold and silver were worth something. Bogus gold and silver bars and coins became a market in itself with so many people trying to get ahead with the revenue they offered. Through the centuries, criminals have refined their methods of fakery, and some of them are impressively sophisticated.

Fortunately, authorities have kept up with the modern class of counterfeiters, and are adding more and more security measures in every stage of production. From the time the metals are dug out of the earth, up until they’re stored in a vault, gold and silver bars are amongst the most heavily guarded on the planet.

Recent Reports

There’s no such thing as being too careful, though, as reports of counterfeit silver are still emerging in some regions. As recently as 2011, a counterfeit coin that contained no silver passed as genuine at a coin dealer in Toronto, Canada. Other methods counterfeiters use depend more on salesmanship instead of actually counterfeiting bullion.

A peculiar case in America detailed the predicament of a distraught buyer, after apparently buying a one troy ounce silver bar that was decorated with marijuana leaves and the words ‘make it legal’. The bar was labelled as .999 fine silver, as well as 100 mills.

In such perilous times, mints have gone to great lengths in making sure their product and name remain untarnished by counterfeit products.

Invisible Sunshine

Sunshine Mint took a giant leap forward in silver bar security when they introduced the world to the SMI Mint Mark Scrambled Indicia. The SMI Mint Mark is an emblem the mint puts on the reverse side of each bar that’s invisible to the naked eye. In order to view this mark, people need to employ the assistance of a decoder lens. The lens is held up to the security plate, and through it, a person can see the image of an eagle and a sun, Sunshine Mint’s logo. The invisible logo is proof of the bar’s authenticity and origin in the Sunshine Mint. In addition, an iPhone adapter serves a similar function as the lens.

Mints and banks are stepping up their efforts to make sure the products that pass through them are the genuine article. But, they can only do so much if buyers remain uneducated about what they’re buying. People should first know the intricacies of a business before attempting to enter the bullion trade.

Sources:

https://www.silverinstitute.org/site/wp-content/uploads/2013/05/SNApr2013.pdf
http://atkinsonsbullion.com/silver-bars
http://www.minbcnews.com/news/story.aspx?id=711015#.Ux_b-T-Sx67