17

Warehousing Winnipeg Important Backup For Any Trade

Warehousing Winnipeg refers to the activities involving storage of goods on a large scale in a systematic and orderly manner and making them available conveniently when required. It also means storing goods in huge quantity from the time of their purchase or production till their actual use or sale.

Warehousing Winnipeg is of great importance to businesses for a number of reasons. Seasonal production and seasonal demand of goods is one of the main reasons of warehousing Canada. Agricultural products need proper storage because they are harvested during certain seasons but are consumed through out the year. Therefore they must be stored in safe place from where they can be supplied when required. Some goods like woolen clothes or umbrellas are required only during specific seasons but the production of these products take place all through out the year to meet the seasonal demand. Therefore, there is a need to store these goods in a warehouse to make them available at the time of need.

Warehousing Winnipeg becomes a prime necessity for the manufacturers when they produce goods in huge quantity to enjoy the benefits of large-scale production which is more economical. Manufacturers are always in need of space where they can store their finished products to meet the future demands of their customers. To meet the requirement of continuous production in factories, manufacturers are always in need of adequate raw materials. So, they need proper warehousing Canada to keep sufficient quantity of stock of raw materials available to ensure continuous production.

Business communities derive a lot of benefit from warehousing Winnipeg. It provides necessary facilities to business men for storing their goods when they are not required for sale. It minimizes losses from breakage, deterioration in quality, spoilage etc. These days, warehouses adopt latest technologies to ensure that there are no losses, as far as possible. Modern warehouses make use of all latest mechanical appliances to handle the goods. These appliances ensure that all heavy and bulky are loaded and unloaded easily without causing any harm to delicate and heavy goods. Storing seasonal goods in warehouses ensure regular flow of goods throughout the year. They are generally located at convenient location near different transport facilities. This also reduces the cost of transportation of goods. Due to the above quoted reasons, it is right to say that warehousing Winnipeg is one of the most important auxiliaries to trade.

If you want to know more about warehousing Winnipeg or warehousing Canada, please visit rollys.com

17

Are You Looking For Ways To Make Money From Blogging

More and more people are turning to blogs to make money online.

How can you make money from blogging?

There are several ways that you can make money from blogs.

1)Google Adsense

You can make money by placing Google Adsense in your blogs. First register with Google Adsense and then place their codes on your blogs. Google Adsense will place related advertisement based on your content of your blogs. When people click on your Google Adsenses advertisement, you will make money.

2)Affiliate marketing in your blogs

Join as an affiliate marketer for example in Clickbank, Amazon Associates or Commission Junction .Find a few products that you believe are useful and are able to help people to solve their problems. Make sure that you select products that are related to the topic of your blogs. Write a review on those products and promote them in your blogs. When people click on your affiliate links , you will make money when they purchase the products.

3)Private Forums

You can set up a private forums where members need to pay a single or recurring fees to join. However to create a successful private forums site, you need to provide real values to members as there are many free informations online and be an expert on that product or service.

4)Write for other bloggers

Blogging is a time consuming work. Some bloggers will employed other people to write their post for them. You can get pay for a flat fee for each article that you write for them. Some bloggers are willing to share with you a portion of their revenue earned from the advertisements display on your articles.

5)Pay perpost blogging

Pay perpost blogging means that the company will pay you to review their products or their services on your blogs. You can register with some sites for examples payperpost.com,sponsoredreviews.com and reviewme.com. If your blogs is famous then you can charge the payperpost sites higher as more readers will be reading about the product in your blogs.

6)Sell your own product or services

If you have your own product or services, promote them in your blogs. One of the products that you can sell online is your own ebooks. If you provide services, give them your email address or phone number so that they can contact you personally.

7)Ask for Donation

Do not be afraid or shy to ask for donations from their readers. Allow your readers to contribute if they wish. You can use Paypal Donations, Amazon Payments or snail mail to enable collection from your readers. You can choose to received in any form of currency you prefer depending on the system that you are using.

Try any of the methods mentioned above in your blog. Be patient and watch your money grow.

5

Banking with Hanmi Bank

The Hanmi Bank was founded in 1982 to better serve the Korean- American community. Their philosophy is to meet their customers’ needs and growth with them as time progresses.

This bank has many services including Bank Rates that are available online. Among these service is their regular checking account that gives the account holder 1% cash back from their net transactions on their debt card. This account requires a minimum $100 to open a minimum balance of $500 to earn the cash back per statement cycle.

As far as their online banking services go they offer a wide selection that is also available at your local branch office. This includes the checking of your balances and transactional history. The online statements are also available for your convenience in a safe and secure manner.

The Hanmi bank offers CDs with terms from 7 days to 3 years with a minimum deposit of $1,000. The interest is accredited to each account on a monthly basis.

The highest earning checking account is the Mega Checking account that requires a minimum deposit of $10,000 which must be maintained to earn the interest on the balance. There is a limit of 100 transactions with this account pre billing cycle.

This is a full service financial institution that offers their customers not only deposit accounts but also auto loans, mortgages and credit cards. They also handle insurance, investments and retirement plans to help serve the needs of their growing customer base in Southern California.

For reasons of security and safety of your information only a limited amount will be collected. The employees at the Hanmi bank will also be limited to who can access this information and none of it will ever be sold to any third party.

This is what you can expect from Hanmi Bank of Southern California.

We strive to bring you the latest and most accurate data possible from the home sites of the financial institutions we name. Always remember, the bigger the risk, the larger the reward or loss. Invest with caution.

For additional resources involving financial help, please view PNC Online Banking, best bank savings rates, Westpac Online Banking and Online Banks at

12

Free and Easy Ways To Make Money Online

If you want to make money online as a full-time career then you will have to invest in your future with online education from people who have been there, tools to help you succeed, and tools to make it easier on you. But if you just want to make some extra money online, in your own time, then there are free and easy ways to do just that.

Set up a blog – Blogs are popular, and if you have an interesting topic then you will find that people naturally find your blog and will want to read it often. You can set up a free blog online on many different platforms including blogger.com and blog.com. Then you can either add google adsense to your blog or promote products on your blog to make some extra cash. You get to talk about things you love and make money on the side – this is not only easy but it’s fun!

Write articles – If you have a knack for writing and some knowledge about various topics then you can write and sell your articles online. You can sign up with a company like constant-content.com, who will host your articles to sell, and who will pay you a percentage when your articles sell. Sign up is free, and they only take a small percentage when you sell your articles, because they are finding the buyers for you.

Recommend products to your friends and followers – If you are active on social media sites like facebook or twitter then you can promote products that you friends may like. First, sign up to become an affiliate at a place like clickbank.com. Then when you see a product that you think would add value to your friends or followers life you can promote that product using your special affiliate ID. If anyone buys the product from your recommendation you will earn a commission!

Signing up to become an affiliate is free at most places, and almost every company that you buy from online will allow you to promote their products. Just make sure you don’t hound your friends or followers with promotions, or you may lose them as friends and followers all together!

Remember that the more you blog, write, or recommend – the more money you can make online.

7

How To Make Money With Facebook Page – Simple Process Revealed!

There are many ways for your to earn money online. Earning a decent living online is no longer a dream. Some even leverage on social media to earn decent income online. Do you want to know how to make money with Facebook page (also known as Fanpage)?

Read on and I will reveal to you the simple step-by-step process for you on how to make money with Facebook page.

First, create your Fanpage

Creating a Fanpage is the first thing you need to do. If you don’t know how to create a Fanpage, just google for the solution or alternatively you could outsource this and let someone else to create a Fanpage for you. But it is not right to just simply create any Fanpage. To make money with Facebook page, you need to make sure that the Fanpage which you are creating will make you money.

Now, the tricky question is how to ensure that the Fanpage you are creating will make you money?

The answer is very simple. Fanpages that will make you money are those with a “passionate” (or “motivated”) group of fans. When people are “passionate”, they will be more proactive in sharing and spending time on the Fanpage.

Examples of a “passionate” group of people are the niches of tattoo, weight loss, games, niche music, etc.

Second, get a CPA offer

Now, the key to the question on how to make money with Facebook really depends on how well you monetize your Fanpage.

The easiest way to do this is by finding a right click-per-action (CPA) offer and a group of fans who are willing to complete the CPA offer for you.

You can find plenty of CPA offers on clickbank.com. Choose one with a powerful landing page and provide you with useful and sufficient promotional tools.

Insert the CPA offers link on your Fanpage. When your fans click on the offer and if they are a real “passionate” group, chances are high that they’ll complete the CPA offer that you have.

Third, get traffic to your Fanpage

To make money with Facebook page, you need to have “fans” for your Fanpage. There are many ways to promote a Fanpage. You can talk about it in forums, twit about in using tweeter, or promote it among your friends on Facebook.

Or you can try the traditional marketing method known as article marketing. The ultimate answer to the question of “how to make money with Facebook” lies in having traffic and a group of “passionate” fans. Article marketing would be able to get you the right fans who are genuinely interested in what you have to offer on your Fanpage and CPA offers.

There you go, the 3 simple steps on how to make money with Facebook page. You might realize by now that it is not difficult for you to make money with Facebook page. Why not give it a try now?

6

What Is The True Meaning Of Finance

The definition of finance is the provision of funds or loan supplied to an individual or company. Often this term is used for the study of economics and how money is controlled. It can be also defined as the management of funds and capital required by a business and private activities. Management of finance has also developed into a specialized branch within the financial sector and is carried out by finance managers.

Managing this involves dealing with the optimization and allocation of funds to various areas either by borrowing or by using those available from internal resources. The word Optimizing may sound strange but it refers to taking measures that minimize the cost of financing while simultaneously attempting to maximize the profits out of the employed finance. Bad debts are poor finance management where rules have not been followed; the result of this is depressed markets, low production and a cash crisis. It is for this very reason that finance managers are very careful with finance they agree too and where it is funded from.

It is not uncommon to hear finance managers referred to as bean counters as they are looking at immediate returns and initial costs against the potential at a later stage. Finance managers are the pessimists whereas sales managers are the optimists who look to the future and not to the past! Often though, problems occur with small businesses who fail to see the distinction between a business loan and a personal one. Most lenders will cancel the loan if they feel they have been deceived this way because they are unsure what the money is to be invested in.

Hopefully by educating the small (and large) business owners of their fiscal responsibilities they may build the basis of an improved company in the future. Small businesses can be very flexible, however, and call upon friends, other businesses, family members, even their own bank for finance.

Finance managers can help improve their company’s profits by using external sources which also lessens the risk on them at the same time. The famous comedian Bob Hope best summed up the subject when he once said; a bank is a place that will lend you money but only if you can prove that you don’t need it.

8

How to Improve the Management of Your Loan Modification and Short Sale Clients

Applying for a short sale or a loan modification can be complex and time consuming, especially when managing numerous accounts at various stages of the process. Keeping the piles of paperwork for each client organized can be extremely difficult. Loan modification and short sale attorneys face this scenario every day and understand that dealing with such a sensitive financial situation leaves no room for error. New short sale and loan modification software solutions are available which provide excellent help regarding these issues.

Since homeowners come to a loan modification or short sale attorney expecting expertise and help, the attorney needs to demonstrate those qualities and ensure the homeowner that he or she is capable of managing the short sale or loan modification. The software available to attorneys will guide them through the short sale or loan modification process and ensure all -speed bumps- are overcome. It will act as a quality checker throughout each client’s entire process, which only boosts the credibility and trustworthiness of the attorney.

Completing paperwork by hand can be exhausting and keeping it organized can become challenging especially if the lender/servicer requires updated documentation. Short sale and loan modification software will help streamline the process by saving all paperwork electronically so it can easily be accessed at a later date. This eliminates the need to hand write every form and physically file it. Some short sale and loan modification software solutions will even auto-fill all of the necessary forms, making the process faster. These features will greatly improve the management of clients for any loan modification or short sale attorney.

Loan modification and short sale softwareis designed to help any homeowner through the complicated steps while ensuring all information is complete and accurate. For this reason, it can act as a supplement to any existing programs and procedures you and your team may have in place. It is also a very cost effective way to manage a large number of clients.

Using short sale and loan modification software could be the answer to your process and management troubles. With so many homeowners in need of quality help, it is imperative that you set yourself apart and prove you are the best attorney to save their home. A simple, inexpensive software solution could mean the difference between gaining a larger clientele and losing those who trusted in your expertise.

About Home Affordable Guide The Home Affordable Guide was created in 2009 by a team specializing in helping homeowners navigate through all government and in-house mortgage help programs. The Guide was designed to simplify and educate homeowners through the entire process of applying for a loan modification or short sale in five easy steps. To learn more about how the software can help your business, please visit:

19

Jammu And Kashmir Bank Limited (j&kbank) – Financial And Strategic Swot Analysis Review

May, 5, 2014 : Company Profiles and Conferences presents a Company Report on “Jammu and Kashmir Bank Limited (J&KBANK) – Financial and Strategic SWOT Analysis Review”, which include anywhere banking, internet banking, SMS banking, ATM services, debit and credit cards, merchant acquiring, mutual funds, insurance services, and remittance services. It conducts banking business of the Central Government, and collecting central taxes for CBDT.

Summary

Jammu and Kashmir Bank Limited (J&K Bank) is a financial services provider, based in India. The company provides loans, insurance, tax products/planning, savings and deposits, cards, mutual funds, and non resident banking. It offers support services, depository services, third party services, and cash management services to its clients. The companys services include anywhere banking, internet banking, SMS banking, ATM services, debit and credit cards, merchant acquiring, mutual funds, insurance services, and remittance services. It conducts banking business of the Central Government, and collecting central taxes for CBDT. The company offers financial solutions for household, small and medium enterprises. J&K Bank is headquartered in Srinagar, Jammu & Kashmir, India.

Jammu and Kashmir Bank Limited Key Recent Developments

Jul 04, 2013: Jammu and Kashmir State Of India Inaugurates Drugi Micro Hydro Power Plant

This comprehensive SWOT profile of Jammu and Kashmir Bank Limited provides you an in-depth strategic analysis of the companys businesses and operations. The profile is bring to you a clear and an unbiased view of the companys key strengths and weaknesses and the potential opportunities and threats. The profile helps you formulate strategies that augment your business by enabling you to understand your partners, customers and competitors better.

This company report forms is the part of Profile on Demand service, covering over 50,000 of the worlds leading companies. Once purchased the highly qualified team of company analysts will comprehensively research and author a full financial and strategic analysis of Jammu and Kashmir Bank Limited including a detailed SWOT analysis, and deliver this direct to you in pdf format within two business days. (excluding weekends).

The profile contains critical company information including,

– Business description A detailed description of the companys operations and business divisions.
– Corporate strategy Analysts summarization of the companys business strategy.
– SWOT Analysis A detailed analysis of the companys strengths, weakness, opportunities and threats.
– Company history Progression of key events associated with the company.
– Major products and services A list of major products, services and brands of the company.

19

Online Business Bank – What to Look For in an Online-Enabled Bank

Are you considering moving your banking to an online business bank? For many business owners, this will be a very good move! It means that you will have access to your banking information from anywhere. This is increasingly important since so much business takes place online to begin with, and so many companies have complex relationships with international partners. No longer can businesses be confined to dealing with banks in their local area that require you to stand in line, take a number, and fill out reams and reams of forms to accomplish the most simple task! By contrast, your online bank offers freedom and convenience.

Some people are concerned about the technology and security issues involved in an online business bank. In truth, there is not as much to worry about as alarmists would have you believe. As with anything, there are some basic, proper precautions that you should take to ensure that your information remains safe. When you are accessing your bank information online, you should use a web browser with a high level of encryption. “Encryption” represents the level of security that makes your data unreadable by hackers when you are on the internet. You should also change your banking password fairly frequently.

One of the most convenient aspects of an online business bank is the ability to deal with some kinds of transactions using your phone. Your phone or other “smart” device will be able to access your banking information from anywhere! But many people have some anxiety about using a wireless device to access their bank. To ensure that your information remains safe from scammers, always be sure to access your bank in a safe environment, over an encrypted connection. (When you are on wireless, an “encrypted” connection is the kind that requires a password.) Do not access your bank from internet cafes, and limit use in hotels and airports.

Millions of people are abandoning the traditional, old fashioned model of what a bank should be and embracing the online business bank. This kind of bank is truly the future of the financial world. Likewise, there is nothing to worry about in terms of safety and security when you deal with a reputable bank online. Like so many others, you will quickly find that the speed and ease of use outweigh any concerns.

5

Why To Select A Carrier With Oicl, Saraswat Bank & Idbi Bank Recruitment 2013

The next generation is more inclined to serve in the corporate. The fresh graduates are now more inclined to take up the insurance and banking jobs. The young graduates dream to earn a white collar job which gives a hefty pay package. Most of the students with the commerce background always prefer to go for the banking and insurance sector jobs since they are able to utilize their knowledge in a better manner in the financial sector. In the recent times, the finance industry has been passing through a tough phase; but as per the experts the banking and insurance jobs are rising with progress in the recent years.

Most of the jobs of Oriental Insurance Company Limited (IOCL), which can be well availed through the OICL Recruitment 2013, are expected to be of administrative nature. There are many jobs for back office support. According to the market studies, there are at least 65% of jobs, which are targeting for the back office support. The banks offer the best opportunity to recruit the fresh graduates and thus with a better working conditions banking jobs are now topping the list of preference for youngsters in India. The educational qualification required for the IDBI Bank Recruitment 2013 is normally graduation and above. These jobs are the most in demand for those candidates who graduate from the management schools. Moreover the jobs in the banks may fell odd during initial stages (as you are not aware of the exact banking procedures), but the job security is tremendous and it offers you a sector to learn and implement your ideas at random. You can easily get the promotions according to your performance, as well.

The banks fill the vacant positions by hiring the students right from the campus and thus the banks are able to get the best students with excellent qualifications. It is a dream of every individual to work in the banks. In India there is no dearth of jobs in the banks. With the expansion of the banks and also the finance as well as insurance sector, the numbers of jobs available in the banks have increased a lot. In the Saraswat Bank Recruitment 2013 there are several openings available which are suitable for almost all categories of youngsters. All the private sector banks offer excellent pay package according to the profile of jobs. Even if the applicants are freshers, they can get a good start in their career with banking and finance sector.

The perks offered by the banks and insurance sector are normally performance driven and are considered excellent. Even there are many opportunities these days with nationalized banks and with a seer dedication and confidence, one can find a good career in banking and insurance sector as a beginning. With versatile expansions and rigorous growth in these two prominent sectors of banking and insurance, the career opportunities galore and you can always have a good start as a foundation step for your career.

16

Save Money with Small Business Management Software

Small businesses owners often find that there are certain times of the year when cash flow is not as healthy as it could be. This could be due to the fact that the business has seasonal customers, money being spent wastefully or through outmoded business practices. Regardless of the reason as to why money is being lost one thing is for certain good business owners and managers are all looking for a way to save the business money.

One way to save money in a small business is to implement small business management software. Software such as this enables a business with less than 50 employees to be operated via one software application. By being able to switch to one application a small business owner can save thousands every year as all other applications that require a monthly or annual fee to be discontinued.

As soon as they see just what small business management software can do many business owners and managers are keen to start using it. Not only can small business management software save a business money in terms of slashing the number of applications a business has to pay for it also saves money in other ways such as:

Increasing the number of leads that are converted into sales with ease. When using small business management software an employee can create a quote and save this to a customers file. This will contain their contact details and other relevant information. If this quote is not accepted within a certain period of time, this lead can then be chased up by the sales department.

By ensuring that projects are always completed on time a business will not lose customers. With small business management software projects can be assigned and tracked in real time. Managers and owners can quickly and easily check on projects that are nearing their due date in order to ensure that they are progressing as they should be. By utilizing this feature projects should never be behind schedule ever again, which means that money will be saved in the long run through customer retention.

Small business management software also allows employee calendars to be seen by owners and managers at a glance. This means that projects and so on can be planned with regard to staffing numbers. Money is therefore saved by ensuring that all employees are working to capacity and not being diverted to projects which are already fully subscribed.

As small business management software is web based it means that it can be accessed from anywhere in the world that has an internet connection. So if a manager or owner is away from the office on business they can access the application and get any information that they need. This saves business money as laptops and mobile internet is not required when an owner or manager visits potential customers.

These are just a few of the ways in which small business management software can save a business money each month.

9

Can you make money online,Earn money line,make money online earn

There has never been a greater time to look into internet marketing for beginners as yes, you can make money online.

With the technological advancement within the online marketing community there are no longer any valid excuses for anyone to say that it would be impossible to be a successful internet marketer.

There are thousand of people from all over the world that are looking towards the internet as a means to improve on their financial status, and it does not matter where they may live, the color of their skin, how much money they have or don’t have in that bank, may they be man or woman, high class, low class and yes it does not matter how old a person is, as all walks of life are seeing the possibility of success online.

I think one of the biggest reasons that people do not take the leap is that they are afraid of being scammed and lose a lot of their money, and no doubt this is a valid reason for not wanting to become involved as in all walks of life it is good to be a healthy skeptic.

As in all walks of life you have your good and bad people and the same can be said for online marketers. But there are also some great, honest, hard working people within the online community that are willing to help teach you the ropes on how to build a successful online business.

It is a good idea to become an investigative reporter when you first get the idea on making money online. Take your time and investigate all the sites and persons to see if they can be trusted. Check out different people within the Facebook community. look around in Google and see if that person you are interested in has a reputation good or bad.

It is all about taking your time and being wise and careful, follow your gut and remember if it sounds to good to be true, it probably is.

15

How To Succeed In Financial Market Trading

Markets often move remarkably quickly and this volatility especially in uncertain times can leave fresh traders with massive losses. There’s of course an admirable alternative in the form of financial fixed odds trading and more especially products like binary bets and binary options.

Even though they are moderately new to the world of trading they are now becoming recognized as a real and viable alternative to derivative products like spread betting and futures and below are a few key reasons why.

First of all products for example spread-betting or futures are potentially open to unlimited losses, hence the necessity for stoplosses. The trouble with this is that in volatile, or even fairly moderately moving markets, if your stop is hit your trade ends often with a significant loss. You will not want to put your stop too near to the current market action or too far away which is often a very complicated balance to hit.

With binary bets / binary options you don’t need to bother with stoplosses at all. Binary trading products care for any volatility as the total you earn or lose is known from the outset of the trade and cannot change. Yes let’s simply repeat that, it doesn’t matter how much the markets move against you as you can only lose the agreed amount.

Secondly binary bets and binary options need a much smaller account size, often a fraction of a leveraged account like a spread betting or futures account.

Thirdly these products can be applied to several leading world indices over time periods preferred by the trader. So a binary bet / binary option can be placed for a single day, a week or longer with indices such as the: FTSE 100, Dow Jones, Hang Seng, Australian Index to name just a few. They can similarly be applied to Forex, Commodity and Share markets. This makes them very versatile.

Finally binary trading products enable you trade per point like spread-betting and futures but without the higher risk as mentioned before.

If financial fixed odds trading and more especially binary bets and or binary options are something you wish to learn more about then please visit Elmtrader who provide learning and system products covering financial fixed odds products.

15

Interface Financial Group- A Franchise Opportunity

Interface Financial is not only about a unique invoice discounting system; it is also about a franchise opportunity for you! The opportunity that IFG wants to provide home workers with is unmatchable. Not only will franchisees get superb returns on their capital but they will also be able to expand and grow their franchise at their own convenience with little marketing costs. IFG will continuously provide you with plenty of support and guidance which will provide you with guaranteed success as Interface Financials will let you in onto two decades of business secrets!

The marketplace for invoice discounting is a part of the financial services of factory. This is one of the markets which continue to grow at a healthy rate irrespective of the world wide recession. The lower end of the sales volume scale, which happens to be Interfaces unique market niche, has been growing healthily for quite some time. Furthermore, Interface has been successful in working with smaller newly emerging businesses. Hence there is absolutely no need for you to worry about the market situation of your to-be-born franchise.

On the other hand, are you starting to wonder about how competent you are to become a part of IFG? Maybe you are concerned about your lack of a financial background; worry not! IFG will provide all its franchisees with high quality training by means of self-study, field training, formal training and other web-based training modules. In addition to this there will also be an IFG coaching program which will ensure that you leave the program with the ability only to succeed!

There are plenty of more reasons why you should join hands with Interface. After all, IFG has always made its way into the top of the Entrepreneur Magazines Franchise 500 rating list, Americas Top Global franchise rankings and Home Based franchise ranking. The Franchise Research Institute has also classified Interface as a World Class Franchise.

All this is just an investment away. Start right away and become a part of a key financial service industry. Do not let yourself work for money; within the convenience of your home and with superb returns for a small startup, let money work for you! Join IFG today to become part of a franchise which is one of the best of the best.

15

Fundamental Principles Of Insurance

Insurance is a contract, a risk transfer mechanism whereby a company (Underwriter) promised to compensate or indemnify another party (Policyholder) upon the payment of reasonable premium to the insurance company to cover the subject-matter of insurance. If you are well conversant with these principles, you will be in a better position in negotiating you insurance needs.

1. Insurable interest. This is the financial or monetary interest that the owner or possessor of property has in the subject-matter of insurance. The mere fact that it might be detrimental to him should a loss occurred because of his financial stake in that assets gives him the ability to insure the property. Castellin Vs Preston 1886.

2. Umberima fadei. It means utmost good faith, this principle stated that the parties to insurance contract must disclose accurately and fully all the facts material to the risk being proposed. That is to say that the insured must make known to the insurer all facts regarding the risk to be insured (Looker Vs Law Union and Rock 1928). Likewise, the underwriter must highlight and explain the terms, conditions and exceptions of the insurance policy. And the policy must be void of small prints.

3. Indemnity. It stated that following a loss, the insurer should ensure that they placed the insured in the exact financial position he enjoyed prior to the loss (Leppard Vs Excess).

4. Contribution. In a situation where two or more insurers is covering a particular risk, if a loss occurred, the insurers must contribute towards the settlement of the claim in accordance with their rateable proportion.

5. Subrogation. It has often been said that contribution and subrogation are corollary of indemnity, which means the afore-mentioned two principles operates so that indemnity does not fail.

Subrogation operates mainly on motor insurance. When an accident occurred involving two or more vehicles, there must be tortfeasor(s) who is responsible for accident. On this basis, the insurer covering the policyholder who was not at fault can recover their outlay from the underwriter of the policyholder who is responsible for the incidence.