NLIC.org

Tamara Said:

Have a unique idea about Insurance business - what to do ?

We Answered:

Insurance Companies already have a model to your Idea. In fact that is what actuaries do. Insurance companies already have statistical data and people with Math backgrounds doing this. That is why they are still in the business.

My advice is to get an actuarial degree using your "formula" and the present this to an Insurance company after you have been hired.

If your Business plan is bullet proof then you may become president of that company and may change the concept of indemnification all together!

Franklin Said:

Do Large businesses have a social responsibilty to take care of their employees?

We Answered:

no. we are not a socialist country yet. a for-profit business is just that FOR PROFIT. however, each individual human has the option to help others out. people in our country need to quit looking to corporations and even the government to help them. look to your community, become part of your community, help someone in need first.
while it has become standard practice to offer medical insurance and even retirement benefits, it should not be required by the goverment. the workers can go elsewhere if they don't like a benefits package that an employer offers - or doesn't.

Christopher Said:

I want to start up a consulting business. Do I need to have insurance or be bonded?

We Answered:

If you don't deal with money then there is no reason to be bonded. You would need auto insurance on your vehicle if you are going to them. But you probably have that anyway.

Julia Said:

I need advice on getting a large business loan!?

We Answered:

You have no chance - we all have fantastic ideas, but even if you had proof of concept nobody would lend you this money without a track record/ or as a finance company would I lend. What you need to do is start off smaller and work with a co-financer. You really need to work up a very good business plan though and I would suggest if you are looking for that amount of money you should try setting it up as a part finance part social enterprise/ charity venture and approaching companies like Esmee Fairbanks for a grant to set it up as such. There are thousands of grant giving organisations that might help in this case; but anything else is pie in the sky I am afraid.

If you had a property to use as collateral you might get up to 2 times the value of it if you have a very good business plan - nothing else, unless you approach capital venture companies, but I warn you from my experience they are after pre-existing ventures to take over at the right time.

Nancy Said:

If i wanted to start a external computer cleaning business what supplies would i need?

We Answered:

Read the manual that came with any computer for advice on how to clean them. You don't want to splash water on them, or get them very wet at all. You better consider liability insurance, just to be on the safe side. If a customer's computer doesn't work after you have cleaned it, they may consider you responsible.

Dorothy Said:

Can someone with a business degree become an insurance underwriter?

We Answered:

Very possible. Brush up your resume and go to it.
Good luck.