Get Comfortable with your Truck
- Thursday, 01 October 2015 21:08
Many of today’s pool professionals are comfortable with the coverage their personal auto policy provides for their work truck. After an accident, far too often they find out that personal policy can lead to a nightmare.
I’ve come across many concerns when discussing commercial truck insurance with our members. The biggest is that commercial insurance on their everyday work truck is much more expensive than their current policy. Before the CPA came around, that was true in many cases. We’ve recently partnered with a handful of A Rated commercial auto companies to obtain sizable discounts for CPA members. These discounts are custom made just for you, they aren’t offered or available to the general public. I recently worked with a business owner that carried personal coverage through the company he’s had for years on his truck. He was shocked to see we could increase his liability from $500K to $1 million, add specialized coverage for his business needs and also bring his annual cost down from $1,400 + to $985 with a commercial policy. Now that’s comfortable!
We’ve made it simple to get a quote. I always enjoy speaking with our members so you can call me directly to discuss. Even easier if you don’t want to pick up the phone, just email me a declarations page of your current policy along with driver info like date of birth and license numbers. We’ll be able to get you priced through multiple carriers within a matter of hours.
Other than price, when considering your truck insurance here are some key points to keep in mind:
Every personal auto policy comes standard with a business use exclusion. Most companies offer a business or artisan use endorsement to a personal policy for a slightly higher premium. These policies come with restrictions that limit the maximum stops per day, normally 3-5. For 99% of the pool techs out there, they’re on stop #5 before lunch time. There are also specific conditions limiting what is allowed for signage, racks, tool boxes and equipment carried. While each company’s specific requirements for business use vary, the bottom line is you may not fit the exact mold for what is required.
Whether for tax purposes or otherwise there’s a lot of benefits to keep your truck in the business name. If your vehicle is registered in the name of the business, your insurance carrier considers that a commercial risk.
Commercial policies have available coverage features not offered under a personal policy.
- Hired car coverage, for vehicles you rent during the course of business
- Non-Owned coverage, which covers you and your employees while driving vehicles you don’t own during the course of business
- Higher liability limits are offered than are normally offered on a personal policy
- Any auto liability, which extends liability coverage to any new vehicle you purchase
- Rental Car coverage with downtime to help cover the costs of a rental while your work vehicle is inoperable
The best reason to purchase a commercial policy for your work truck is simply this…get comfortable! If you file a claim on your personal policy, your company may deny the claim simply because the business use violates the terms of you policy. Why risk it? Avoid the dreaded words, “Sorry, your insurance won’t cover this” and check with us on a commercial truck quote today.
Have a handy hand pump? – quick tip from Pools by Ben
- Tuesday, 15 September 2015 07:30
Gas Pool Heating
- Tuesday, 15 September 2015 07:01
Gas Pool Heating
By: Bruce Aubrey
Global Product Manager – Heat Technology
Hayward Industries, Inc.
A gas pool heater, natural or propane, will heat your pool and/or spa faster than any other heating option available. This is especially significant to pool owners with a desire to use their pools for longer periods of time than their particular climate permits. Whether it’s opening your pool sooner, closing your pool later, or merely swimming well into the night, a gas pool heater extends the length of any pool experience.
THE GROWING POOL OWNER DEMAND
When it comes to heating a swimming pool and/or spa, pool owners are typically inclined to search for the most energy efficient, cost effective, and yet fastest speed to heat solution available to meet their particular needs. Energy efficiency, as it pertains to gas pool heating solutions today, entails both the thermal efficiency and the hydraulic efficiency of the specific gas heater. With more pool owners gaining awareness and experiencing the ultimate electrical and hydraulic efficiency with variable speed pump technology and cartridge filtration, it simply “makes sense” to select the most efficient gas pool heater as well.
In recent years, the U.S. Department of Energy has mandated that all gas pool heaters have a minimum of 82% thermal efficiency. As a result of these legislative changes, manufacturers ramped up engineering and eagerly complied by producing very efficient heating options. As it currently stands, there are no hydraulic mandates, however each manufacturer provides their hydraulic specifications by presenting the various flow rates for their particular gas pool heater(s). For the consumer, it is very important to review the available data to select the best hydraulically and thermally efficient heating solution, thereby truly achieving the most energy efficient and cost effective equipment pad for their pool.
TIME IS OF THE ESSENCE
Today’s pool owners have hectic, time-constrained lifestyles that make enjoying the comfort and convenience of a quickly and efficiently heated pool and/or spa more important than ever. With time being of the essence, pool owners want to have their
pool and/or spa reach the desired, personalized temperature as quickly as possible. Although higher thermal efficiency helps heat faster, there is undoubtedly no substitute for additional BTU’s. For example, operating a 400,000 BTU heater vs. a 250,000 BTU heater tremendously increases the speed to heat without generating any additional cost of gas consumption. The recent introduction of a 500,000 BTU gas pool heater provides residential pool owners the ultimate option to heat their pool and/or spa in the fastest most energy efficient manner possible. The simple addition of 100,000 BTU’s increases the speed to heat efficiency by 18% or 10 minutes faster per 1000 gallons per 1 hour.
Whether retrofitting an existing pool or designing and building a new pool, it is of the utmost importance to ensure that pool and spa owners are outfitted with the most thermally efficient, hydraulically efficient, and fastest speed to heat gas heater available. Extending your customer’s pool experience will provide more endless moments of uninterrupted comfort and enjoyment.
LLC vs. S Corp: Which business type is right for me?
- Tuesday, 15 September 2015 07:00
LLC v. S Corp: Which Business Type is Right for Me?
While a limited liability company and S corporation share many qualities, they also have distinct differences. Get familiar with each before deciding which might be right for you.
LLCs and S corps have much in common:
Limited liability protection. With both, owners are typically not personally responsible for business debts and liabilities.
Separate entities. Both are separate entities created by a state filing.
Pass-through taxation. Both are typically pass-through tax entities, and while S corps must file a business tax return, LLCs only file business tax returns if the LLC has more than one owner. With pass-through taxation, no income taxes are paid at the business level. Business profit or loss is passed through to owners’ personal tax returns. Any necessary tax is reported and paid at the individual level.
Ongoing state requirements. Both are subject to state-mandated formalities, such as filing annual reports and paying the necessary fees.
Differences in ownership and formalities
The IRS restricts S corporation ownership, but not that of limited liability companies. IRS restrictions include the following:
LLCs can have an unlimited number of members; S corps can have no more than 100 shareholders (owners).
Non-US citizens/residents can be members of LLCs; S Corps may not have non-US citizens/residents as shareholders.
S corporations cannot be owned by C corporations, other S corporations, LLCs, partnerships or many trusts. This is not the case for LLCs.
LLCs are allowed to have subsidiaries without restriction.
S corporations face more extensive internal formalities. LLCs are recommended, but not required, to follow internal formalities.
Required formalities for S corporations include: Adopting bylaws, issuing stock, holding initial and annual director and shareholder meetings, and keeping meeting minutes with corporate records.).
Recommended formalities for LLCs include: Adopting an operating agreement, issuing membership shares, holding and documenting annual member meetings (and manager meetings, if the LLC is member-managed), and documenting all major company decisions.
Differences in management.
Owners of an LLC can choose to have members (owners) or managers manage the LLC. When members manage an LLC, the LLC is much like a partnership. If run by managers, the LLC more closely resembles a corporation; members will not be involved in the daily business decisions.
S corps have directors and officers. The board of directors oversees corporate affairs and handles major decisions but not daily operations. Instead, directors elect officers who manage daily business affairs.
I would be happy to assist you in forming and maintaining your business entity. Please contact me at email@example.com
by Shari Alexander
Cryptosporidium & Ultra Violet Systems
- Thursday, 18 June 2015 20:51
Cryptosporidium or Crypto is an organism that can be introduced into pool water due to fecal contamination. A fecal accident is not necessary for crypto to be in the water. Bathers who have not showered prior to entering a swimming pool can introduce crypto into pool water. If a person ingests water infected with crypto, it can make them seriously ill or worse. Crypto is protected by a hard outer shell which allows it to survive and infect people even when disinfectant levels are normal. Crypto is also able to pass through the best filter systems. So how do we defeat this horrible organism??? Ultra Violet (U.V.) Systems!!!!
U.V. systems don’t kill Crypto but they effectively inactivate Crypto. The energy from the U.V. light stops reproduction of crypto by damaging their DNA. If crypto is not able to reproduce, it makes it difficult for crypto to make a swimmer sick. U.V systems kill and/or inactivate many types of bacteria, viruses, and parasites that are able to make swimmers very sick.
U.V must be used in conjunction with another form of sanitizer. U.V does NOT create a disinfectant residual in the water. In other words, there is no way to test for U.V. disinfectant.
For all commercial pools, I highly recommend installing a U.V. system in conjunction with an existing sanitizing system. Pool Operators and owners do not want a crypto outbreak to shut their facilities down. Pool closures due to Crypto have been on the rise. U.V. Systems are helping eliminate this issue. Remember, a safe, fun, clean pool environment is what we are all aiming for!!!
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Phone 909-673-1160 ext. #8783
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