Wait a minute — before you delve deep into the coverage options at your disposal, there are a few things that you need to keep in mind. Here’s your checklist for buying personal liability insurance; rather, here are a few things you must ask yourself before purchasing an insurance plan.
Does It Aid You, Oh Globetrotter?
Oftentimes, your insurance does not cover liabilities taking place anywhere but locally. While the average insurance provider will not be concerned with travelling, we know the importance of it. Travelling is an addictive yet life-changing interest to possess. Not just that, logically most people travel in some form or fashion, and staying insured during such times seems like the smarter thing to do.
For this, you need to check whether your insurance provider covers liabilities that take place off-premise. In other words, check whether your liability coverage is spanned across more than just local areas. Planning your finances is an arduous task, especially if you like to travel, and liability coverages here are a lot trickier. Try not to acquire insurances that do not cover such damages, even if they come with more benefits. Unless you are someone who likes to be burdened by the weight of the four walls surrounding you, global coverage is quintessential.
Are You Sporty Enough?
Try not to take this in the literal sense of the term. We are in no way asking you to get personal liability coverage just because one fine day you would want to go putt-putt. Think of it this way—you decide to practice throwing a ball in your backyard with your child. You happen to hit someone else on the street, or damage someone’s property (such as a phone) by accident. Not only does that prove that you are a bad thrower, but also makes you responsible for damages incurred.
This is a very real use-case of personal liability insurance. Ensure that your provider has sports-related liabilities covered at your residence, for such cases are pretty ubiquitous, and dare we say, expensive to repair. While you can learn how to throw ball better and more accurately next time, you need to ensure that the liabilities from that front are taken care of. On that note, such personal liability coverages are pretty extensive in the kind of damages they cover. Ensure that you pick a policy that covers multitude of damages, and of course, learn how to throw better.
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Who Let the Dogs Out?
Granted that pets are not just a great companion but a must in some cases, but it only takes a moment for things to go wrong. While your pet is the most amiable companion around you, it only takes one bad day for a third party to face the brunt of your pet’s primal instincts.
Here too, personal liability coverages and questioning stances about them is mandatory. Ask your insurance provider whether these damages are covered too. On that note, it is pretty sensible to get liability coverage spanning such scenarios, considering how common pets are at households. Damages caused by pets to a third party is surely not under your direct control, but it does not hurt to cover such specific liability cases, does it?
Does It Cover Legal Expenses?
Ah, the irreparable damage. The kind of damage that you get sued for. Damages carved out of unforeseen circumstances have very little control from your end, as is the case with lawsuits that come out of it. If your coverages don’t suffice the needs of the damaged party, chances are, you might need a good lawyer. Wait — liability insurances might cover that too?
It is important for you to look for coverages that will manage your lawsuit too. In this world plagued with capitalism, lawyers aren’t getting any cheaper. This is where your personal liability coverage should come in handy. Ask your provider whether liability coverages cover legal costs, for it might be useful, irrespective of whether you are found responsible for the said damages.
To Conclude
As with most other policies, getting to know the ins and outs should be of utmost importance to you. Try to put some extensive research into looking for the kind of insurance that is right for you. As with most other things in life, personal liability coverages should be subscribed according to your specific lifestyle. Once you cover the basics of liability insurance, ensure that you cover other specific scenarios. After all, indecision is fatal, but so is uncertainty.
International Airlines Group (IAG) began to issue billions of heavily discounted new stocks on Thursday in an effort to mitigate the cost of its anti-COVID-19 measures.
The airline holding company announced that it will issue 2.97 billion new shares at €0.92, having applied a 36% discount to its Wednesday closing price.
The rights issue coincided with IAG’s confirmation that over 8,200 British Airways employees had been laid off by the end of August. The layoffs come as part of a company restructuring process brought about by the COVID-19 pandemic, which aims to reduce overall headcount by as much as 13,000. Most of the 8,236 employees who departed did so via a voluntary redundancy process.
IAG also stated that its capacity will be lower than previously anticipated, but that it remained optimistic about breaking even in the fourth quarter.
“This is as a result of mitigating actions taken to reduce operating expenses further and enhance working capital,” an IAG spokesperson said.
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The COVID-19 pandemic has drastically impacted international travel, with lockdown measures and consumer fears creating an unprecedented lack of consumer demand for air travel. Airlines have been compelled to furlough or lay off thousands of employees in order to mitigate losses, while others have shuttered altogether.
Virgin Atlantic announced last week that it would cut a further 1,150 jobs on top of its 3,500 summer layoffs, and Ryanair drastically cut its annual passenger target on Wednesday amid resurgent COVID-19 infections internationally.
Qantas Airways, the largest airline in Australia by fleet size, has posted an annual loss of $2 billion – the company’s greatest loss in its 100-year history.
CEO Alan Joyce admitted that Qantas’s recovery "will take time and it will be choppy," warning of a "significant underlying loss" to come in the next financial year.
Joyce added that he expects the airline to have resumed around 50% of its international operations by the middle of 2022. “International, we think, will take a bit of time to recover. In financial year 2022, we are only expecting to get 50% of our international operation back and we’re thinking it will take three years before we can get our A380s back in the air,” he said.
“When we do, we’ll start getting back to pre-COVID-19 levels.”
Like other multinational airlines, Qantas has greatly scaled back its global operations, in addition to announcing plans to lay off 6,000 employees in June. 4,000 of these planned layoffs are expected to be finalised by the end of August.
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Australia has been particularly affected by state and national travel border closures in response to the COVID-19 pandemic, which were a partial cause of the collapse of Virgin Australia in April.
In a sign of the continuing impact of the pandemic on the air travel industry, flight booking site Webjet reported losses of $143.5 million on Wednesday, and recently released traffic figures showed that only 317,000 passengers passed through Australia’s busiest airport, Sydney, in June – a decrease of 92% annually.
TUI AG, also known as TUI Group, announced on Thursday that it had swung to a pre-tax loss of over €1.4 billion for the three months to the end of June, representing a 98% fall in group revenue. The company have described the period as a “business standstill”.
TUI said that its operations had partially resumed from mid-May, with 55 hotels (representing 15% of its total portfolio) reopening, but consumer interest remained significantly lower than typical summer volumes. The bulk of its losses resulted from pandemic-related impairment charges and added costs from ineffective hedging contracts.
To cope, the company said that it had entered “crisis mode”, in which it reduced monthly costs to a mere €237 million during the quarter – a reduction of more than 70% overall.
The news comes after TUI’s Wednesday announcement that it would receive an aid package from the German government worth €1.2 billion to help it survive the downturn in international travel.
“The €1.2bn stabilisation package strengthens TUI’s position and would provide sufficient liquidity in this volatile market environment to cover TUI’s seasonal swing through winter 2020/21… and in the case of any further long-term travel restrictions and disruptions related to COVID-19,” the company said in a statement.
Airlines and travel companies have been among the worst affected by the COVID-19 pandemic, which has resulted in travel restrictions being imposed throughout the world.
The figures show that tourists are eager to begin holidays abroad once the pandemic has abated and lockdown measures are eased. In the UK, TUI reported that holiday bookings for summer 2021 were up by 145% By contrast, its bookings for summer 2020 are down by a total of 81%, and with an average selling price 10% lower than the norm.
Completing these notarisation-related tasks can be even more challenging if a corporate finance team has to search for mobile notary services using their own time and resources.
The good news is there’s a solution for the time-consuming nature of properly notarising a document. A mobile notary can ease the process, travel on-site, and verify high-profile documents. That’s super convenient under normal circumstances, but even more critical during times like this when people are working remotely during a pandemic or quarantine.
For those corporate finance teams debating the importance of a mobile notary, here’s an outline of how a mobile notary can serve you and save the day in the face of unexpected time crunches. When you’re ready to find a notary near you, keep these tips in mind to ensure that you partner with a reputable, reliable company that guarantees client satisfaction.
What is a mobile notary?
A mobile notary is a notary public who travels from one location to another to notarise signatures. Not only do mobile notaries adhere to typical business hours, but most of them can also work on weekends and after hours. Because a mobile notary can accommodate any working schedule, their on-site services can save a corporate finance team a significant amount of time and money. No longer are the days of lagging notary services.
While most people view recruiting a mobile notary as a difficult task, the truth is the process is quite simple. Multiple agencies can connect corporate executives to notaries.
How do mobile notary services work?
Typically, mobile notaries work with clients' schedules. Because a mobile notary travels anywhere, you won’t be limited to notaries in your local area. No matter where your locations are based, a mobile notary will come right to your doorstep.
Notary service fees are usually standardised. However, the costs can vary based on your location. A mobile notary can charge additional costs depending on your state of residence.
Because a mobile notary travels anywhere, you won’t be limited to notaries in your local area.
Benefits of using a mobile notary
Using a mobile notary can benefit your financial business in several ways, including the following.
Efficient transactions
When you're working in the finance industry, you know that efficiency is the key to success. Traveling from one location to another can be tedious and time-consuming, especially if you need to travel long distances. Instead of spending your precious time traveling or waiting in traffic, you can hire a mobile notary. Because notarisation is their full-time job, they can quickly travel to your preferred location to notarise your financial documents with ease.
A major incentive of a mobile notary is their flexible schedule. They can notarise your documents at any time of the day, including during regular business hours, after normal business hours, and during weekends.
Flexibility
Many notaries offer flexible scheduling and provide comprehensive notary services with no order restrictions—meaning you have the freedom to choose the kind of services you need and the time you need it. It also ensures that a corporate finance team can access additional assistance during their busy days, and avoid paying for unnecessary services during slower days. Such flexibility makes mobile notary services the best option, as they save you money and keep your business running efficiently. Most importantly, it keeps clients satisfied.
No location limitations
Many mobile notaries travel throughout the country. They will come to any given location: whether you are at home, your place of business, vacation home, office, or any other place you find comfortable. Time restrictions don’t limit these mobile notaries, so these trained professionals can make on-site visits anytime, anywhere, depending on your schedule.
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Reasonable costs
The cost of mobile notary services varies greatly depending on state laws. Each state has standardised fees that indicate what professionals can charge for their notary services. Mileage and travel expenses determine the overall cost. Regardless of the additional expenses a mobile notary service charges, the bottom line is that mobile notaries are cost-effective considering the energy and time you save.
Accuracy and efficiency
Mobile notaries are trained professionals who provide accurate and efficient financial services. Besides notarising high-profile documents, these professionals also provide client support and conduct follow-ups. By shaving off time spent worrying about the safety of your documents, you direct this energy towards your day-to-day operations. Without distractions, you’re free to tend to crucial responsibilities and ensure your customers’ needs are addressed.
Final thoughts
Thriving in the corporate finance world requires a commitment to the most minute details— which is why your corporate finance team must choose the right mobile notary for your business.
There are several reputable and reliable mobile notary agencies to choose between. Devote the time necessary to locate the most accredited agencies nearest your location. In your search, consider factors such as qualifications, reliability, credibility, costs, and flexibility to get the most out of your mobile notary services.
Though the threat of collapse has been looming over Virgin Atlantic for months, the airline is now looking to finalise a £1.2 billion rescue package from a trio of credit card payment processing companies, according to reports.
Due to the COVID-19 pandemic and its debilitating impact on air travel, Virgin Atlantic has been seeking more than £500 million in debt and equity funding for several months.
The company has already secured the support of both American Express and the Lloyds Bank-owned Cardnet and continues to negotiate with First Data. In return for its backing, First Data has reportedly demanded that it be allowed to hold onto all future bookings revenue as “protection” should Virgin Atlantic collapse.
As part of the deal, Virgin CEO Sir Richard Branson will contribute £200 million in funds from Virgin Group, which was raised through the sale of a £396 million stake in space tourism company Virgin Galactic during May. US hedge fund Davidson Kempner Capital Management will inject a further £200 million against Virgin’s assets, and a further £400 million will be raised through the deferral of fees.
Speaking on the sought-after deal earlier this month, a Virgin spokesperson referred to the arrangement as a “comprehensive, solvent recapitalisation of the airline”.
Virgin Atlantic employs Should the deal be agreed upon, thousands of jobs in the UK and overseas may be saved.
According to Sky, the final outline of the agreement will be announced by Virgin next week.
The US Treasury confirmed on Thursday that it had agreed on terms for federal loans with five major US air carriers, intended to lessen the impact of the COVID-19 pandemic on their finances.
The organisations who have signed letters of intent are American Airlines, SkyWest Airlines, Spirit Airlines, Hawaiian Airlines and the privately-owned Frontier Airlines.
Other airlines have also expressed interest in the loans, but have not yet signed letters of intent, according to a Treasury department spokesperson. In a statement, Treasury Secretary Steven Mnuchin said that “conversations with other airlines continue, and we look forward to finalizing agreements as soon as possible.”
The $25 billion pool was set aside as part of the Cares Act, the $2.2 trillion stimulus package passed by Congress in March. An additional $25 billion in federal aid has also been issued to major air carriers to pay workers through to September, intended to stave off mass layoffs. Most of this payroll aid comes in the form of grants.
The exact terms of the loans that have been finalised are unknown, though the Treasury has said that recipient organisations will need to provide warrants, equity or senior debt instruments. Last month, American Airlines CEO Doug Parker told shareholders that AA expected to be eligible to borrow up to $4.75 billion from the pool.
Airlines have until 30 September to close on the loan.
However, as long as you’re willing to commit to 14 days in quarantine after, you may be able to escape abroad for a summer holiday. Here are the destinations that will be waiting for us with arms wide open once we can travel again.
Greece
Greece has reopened its borders to visitors from 15th June, although British travellers will not be granted access to the country until 1st July at the earliest. The Greek Government has promised that international visitors will not need to have undertaken a COVID-19 test, nor will they have to be in a 14-day quarantine after arriving in the country. All airports in the country are expected to open on 1st July.
Italy
Every year, Italy is one of the top European destinations for a summer holiday and luckily, it is one of the countries that are open to international visitors already. At present, holidaymakers are not asked to quarantine upon arrival. Cafes, bars and restaurants have been gradually opening and social-distancing measures are still in place.
Portugal
International visitors are now permitted into Portugal. Over the past month, the country has slowly started opening its hotels, restaurants, bars and night clubs. Beaches are expected to open on 6th July and a new app, which informs you how busy your nearest beach is, is in the works. Social distancing is still required, and people are advised to stay 1.5 metres apart.
The Portuguese Government is currently in talks about an “air bridge” arrangement with the UK, which would allow British tourists to skip the mandatory two-week quarantine on their return home. Currently, there is no quarantine for visitors arriving in Portugal, except for the Madeira Islands (until the 1st July).
Spain
Spain has started slowly lifting its lockdown restrictions since early May and has begun welcoming international holidaymakers from 21st June. In a tweet Foreign Minister Arancha Gonzalez Laya said: "In July we will gradually open Spain to international tourists, lift the quarantine, ensure the highest standards of health safety. We look forward 2 welcoming you!".
Turkey
Turkey has also opened its borders to tourists from across the globe, including the UK. The country has launched a Safe Tourism Certification Programme to ensure the highest hygiene and health standards are upheld but does not require a 14-day self-isolation for people who enter its border.
Cyprus
Cyprus began allowing travel from a number of European countries, including Germany, Greece, Switzerland, Austria and Denmark, on 9th June. Visitors from Israel, Poland and Romania are asked to present a negative COVID-19 test, while people coming from the US and UK are currently not allowed to enter the country.
Airports, seaports, malls and indoor sections of restaurants, bars and coffee shops have opened in the country. Beaches have also reopened.
Maldives
Those craving a tropical vacation will be thrilled to hear that the Maldives will be open again to holidaymakers from 15th July.
A spokesperson from the tourism board has confirmed that the Indian Ocean destination will be welcoming back travellers of all nationalities without prior testing or a mandatory quarantine period. There are also no new visa requirements or additional fees.
St Barths
From 22nd June, St Barths is also welcoming travellers but has requested they schedule a COVID-19 test 72 hours before arrival. They are required to present a physical or digital copy of it at passport control, and as long as it’s negative, they are then allowed to enter the country and begin their sun-filled adventure worry-free.
Gold prices reached their highest level in eight years on Wednesday, while market shares saw a dip in investor enthusiasm.
Spot gold XAU= rose by 0.6% to $1,777.53 per ounce. Earlier, it hit its highest going rate since October 2012 at $1,779.06 per ounce.
MCX Gold futures also saw a price increase, and the SPDR Gold Trust announced that its holdings had risen 0.28% to 1,169.25 tonnes on Tuesday. Meanwhile, the pan-European STOXX 600 index fell by 1.6%, indicating a potential three-week low.
Investor concerns can largely be attributed to rising COVID-19 infection rates in some areas of the world, with Latin America’s death toll recently having reached 100,000 and record single-day infection rates being recorded in some US states.
However, broad political concerns have added to anxiety. Reports that the United States is considering placing tariffs on $3.1 billion of exports from western European nations, and that the EU may bar US travellers due to surging COVID-19 case figures, have not aided market positivity.
Neil Wilson, chief market analyst at Markets.com, commented that “Gold is a clear winner from this pandemic,” noting that the commodity was initially sold off in March as investors rushed to acquire cash immediately.
“Since then gold has made substantial progress in tandem with risk assets since the March lows because of central bank action to keep a lid on bond yields. The combination of negative real yields and the prospect of an inflation surge due to massively increased money supply is sending prices higher,” Wilson continued.
Ultimately, investing in yourself is what is going to lead to success. Here are some easy ways to invest in yourself so that you can run a successful business.
Take Online Courses
Learning is a lifelong process and even if you have been to college, there is still plenty you can learn. You are going to be constantly learning when you are starting a business. In some ways, you will be entering uncharted waters. You can prepare yourself for this task by taking online courses. Investing in your own education will help you be a better business owner. There are lots of options online and they are accredited so that you can obtain a certificate. With the right skills, you can learn ways to improve your business for the long term.
Enjoy a Holiday
A lot of business owners, especially in the early days of the brand, will not take a holiday. They focus all of their time in building their company. However, everybody needs to take time off work from and this includes the owners. This means that you need a holiday to avoid overworking yourself. If you continue to work long hours and feel stressed, this can lead to burnout. Taking a holiday allows you time away from a busy environment so that you can relax and recharge. When you return to work you can feel reenergized and refreshed, ready to take on the next challenge.
Work on Your Relationships
Personal relationships can often be neglected when you are trying to build a business. But spending time with your loved ones is a good way to relieve stress. You can also use this time to network and build good working relationships too. This will allow you to find the right partners and those who are going to benefit your business. Relationships with clients are also important and time should be spent interacting with them. This can make you feel good too.
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Look After Your Health
When you are spending a lot of hours in the office, it is easy to neglect your health. You may grab takeout food when you get home or skip meals without noticing. But this will take a toll of your health after a while. You may start to feel tired and lack energy. Not eating the right foods can affect your mental health too. Therefore, you have to invest in your overall health so that you can feel good and do the best for your company.
Start by enjoying a nutritious diet, making healthier choices when it comes to meals and snacks during the day. In addition, cut down your coffee intake and stay hydrated. You will be surprised how good you feel. Exercise is also important in this equation and a simple walk everyday can release endorphins to improve your mood.
Do not forget to visit the doctor and enjoy regular health checks. Even if you are investing all of your money into your business, you can use vision care loans online to help you look after yourself.
Skiathos
If being in proximity to gorgeous beaches is your top priority when choosing the best Greek island for your trip, then look no further than Skiathos. With its 60 white-sand and pebble beaches lapped by an almost Caribbean-coloured sea and backed by lush pine forests, the island guarantees a mixture of truly unspoilt beauty and vibrant nightlife around its bustling harbour. The island also offers an excellent selection of trails and every summer, it becomes a hub for cultural events, concerts and art exhibitions.
Where to stay: Olivia’s Villas of Luxury
Zakynthos
With its rugged cliffs, sea caves and clear azure water paired with exquisite Greek tavernas and an abundance of water sports to try, Zakynthos offers much more than the crazy nightlife it’s famed for. Wildlife lovers also flock to the Ionian island to see the endangered sea turtles, which lay their eggs on Zakynthos’ white sands every year.
Where to stay: Olea All Suite Hotel
Mykonos
Mykonos needs no introduction. Loved by countless celebrities and famed for its beautiful beaches, glitzy bars and quaint old town, it is one of the most glamourous islands not just in Greece, but in the entire world. In addition to its lively nightlife, the island also offers an array of stylish restaurants, amazing boutique shops and ultra-chic hotels.
Where to stay: Cavo Tagoo Mykonos
Santorini
As one of the most popular destinations for weddings abroad and honeymoons in the world, Santorini is the perfect destination for a romantic getaway. With its iconic white buildings and endless views of the deep blue Aegean Sea, the island is a truly special place that should be on everyone’s bucket list.
A little-known fact is that Santorini is also a great destination for wine-tasting. Its crisp dry whites and an unfortified dessert wine called Vinsanto could be sampled at several local vineyards which host tastings.
Where to stay: Katikies Kirini Santorini
Rhodes
With its Unesco World Heritage-listed medieval old town and the Acropolis of Lindos, it’s safe to say that Rhodes is the best Greek island for history lovers. It’s a place where the Byzantines, Greeks, Venetian and Turks all left their marks, but the island offers much more than well-preserved ruins. From stunning beaches and postcard-worthy vistas to traditional tavernas, there’s something for everyone in Rhodes.
Where to stay: Lindos Blu Luxury Hotel & Suites
Tuesday morning trading saw shares in airlines and retailers increasing across the UK and EU, apparently symptomatic of growing hopes that international travel restrictions will ease as summer comes about.
London’s FTSE 100 surged by 1.9%, and the more UK-centric FTSE 250 by 3%. Pubs, cinema groups and retailers also saw share price growth.
The gains followed a Monday evening announcement from Prime Minister Boris Johnson that car showrooms and outdoor markets will be allowed to reopen from next week, with high street shops, department stores, shopping centres and other non-essential retail premises being able to resume business from 15 June.
The greatest earners in Tuesday trading were air travel and hotel companies, with airline conglomerate and British Airways owner International Airlines Group (IAG) seeing a 15% surge while Intercontinental Hotels Group (IHG) jumped by 14%.
Meanwhile, European shares leaped to an 11-week high, with investor sentiment likely boosted by the German government’s recent €9 billion bailout of Lufthansa.
Markets.com chief market analyst, Neil Wilson, commented on the stock price surges: “Strength in this sector underscores confidence among investors that economies are reopening, and consumers are keen to travel.”
“There is a lot more hope that travel restrictions across Europe will be eased in time for the summer holidays. If the summer holiday season can be saved it would be a big plus after most of us wrote it off.”
