Showing posts with label insurance. Show all posts
Showing posts with label insurance. Show all posts

Saturday, 3 February 2018

Prince William and Kate Middleton bought Ikea furniture for their children’s rooms

# 1IKEA was a one-stop shop for a family day out
It’s not possible to get lost in IKEA, but it’s eminently possible to spend all day in one store. Not many retailers can lay claim to that. Marketing consultant Martin Lindstrom, author of “Brandwashed: Tricks Companies Use to Manipulate Our Minds and Persuade Us to Buy,” has rules to avoid overspending. Rule No. 1: “Don’t bring your kids with you,” he says. They’ll help you spend 29% more than your budget, according to a study of nearly 3,000 consumers Lindstrom carried out. No. 2: “Don’t shop with your partner,” he says. He or she will make you spend 19% more than planned. No. 3: “Don’t use a shopping cart. People who carry their stuff spend 8% less.”
# 2They sell you a reusable bag or supply large trolleys
Why not send a message that your company cares about the environment and — at the same time — ensure customers hit the stores armed with an empty bag? IKEA, Wal-Mart WMT, -0.99% and Whole Foods US:WFM are among the many retailers that offer reusable shopping bags or large trolleys. The bags sometimes even bear the company’s logo, providing free advertising for the store. (IKEA’s blue bags are instantly recognizable even without a logo.) But mainly the bags create a void that needs to be filled, encouraging consumers to buy more than they need, says Johan Stenebo, author of the book “The Truth About IKEA.” “There’s a reason why they’re so big,” he says. (IKEA, Wal-Mart and Whole Foods did not respond to requests for comment.)
# 3They treat you like a long lost friend
IKEA has been named one of Fortune’s top 20 best workplaces, citing the benefits and opportunities for advancement. Happy staff are helpful staff. Graphic designer Daniel Drenger said he once went to IKEA with a friend and ended up with a trolley full of soft furnishings and various accessories for his home. He hadn’t intended to shop, but everything was laid out so well and the staff was so welcoming and friendly, he said. It was almost like stepping into someone else’s home. “Customers want more meaningful experiences,” says Derrick Daye, managing director at Los Angeles-based consultancy The Blake Project. The overly-friendly staff are trying to fulfill that desire, he says.
# 4IKEA gives you a place to put your feet up
IKEA provides a winding path through the store punctuated with relaxing spaces for weary shoppers to rest their feet. Don’t loiter too long though: These rest areas are often placed next to displays of products that stores want to unload, says Stenebo, who worked at IKEA from 1988 to 2008 in a variety of roles from product development to management, and is also the former assistant to the group’s founder, the late Ingmar Kamprad. “Retailers call this the hot-hot-hot spot for inventory that’s not shifting,” he says. That said, IKEA is a destination store usually situated on the outskirts of a city, and not a department store where people pop into for five or 10 minutes while running errands. That’s why they sell you meatballs after you’ve finished your shopping.
# 5IKEA offers comparatively pricey items
The “compromise price effect” is most often used by discount retailers and electronics stores that want customers to pay extra for a better camera or computer, but it’s also used effectively at IKEA too, says Michelle Barnhart, associate professor of marketing at Oregon State University College of Business. Here’s how it works: If a $225 sofa is strategically placed next to a slightly cheaper — but very similar — $195 sofa, the customer might be tempted to opt for the latter and walk away still believing that he or she got a good deal. The “compromise price effect” can be effective in a store or even online, she says.
# 6 They price everything one cent short of a whole number
Nobody believes they’ll be persuaded to buy something simply because it’s priced $9.99 instead of $10, but studies say otherwise. It’s called the “left-digit effect.” The difference of one cent can turn a window shopper into an actual shopper, according to a 2009 study by researchers at Colorado State University and Washington State University, published in the Journal of Consumer Research. In one test, the researchers asked participants to evaluate two identical pens: They priced one at $2.00 and the other $3.99 — amazingly, 44% of the participants chose the higher-priced pen. IKEA has a range of cost at $129, $79, $249, $349. And when they’re reduced? The numbers are even odder: reduced from $349 to $343.
# 7IKEA offers to solve your life problems (but you need to do the work)
The influence of IKEA can be most starkly seen at the Apple Store AAPL, -4.34% as well as other electronic outlets from Best Buy to Microsoft MSFT, -2.63% Apple Store employees are among the most successful at solving your problems, says Carmine Gallo, author of “The Apple Experience: Secrets to Building Insanely Great Customer Loyalty.” Apple’s “genius bar” is a team of sales people designed to solve problems and empower the customer rather than (just) make sales, he says. It’s been paying off: There are roughly more than 500 million visits to Apple retail stores per year, according to market researcher Asymco; that’s roughly equivalent to the population of the European Union. However, more than 780 million customers visit IKEA stores every year.
# 8They use cheap items as the thin end of the wedge
Beware of the bags of tea lights, candles and multicolored plastic toilet brushes positioned next to the IKEA entrance. They are designed to break a psychological barrier and get consumers shopping, independent retail consultant Jeff Green. In retail parlance, they’re “open-the-wallet” items and they often appear as an elaborate and random display. Displays could include everything from plastic to-go cups to eye-catching rubber spatulas. U.S. retailers have also taken the “open-the-wallet” concept to a whole new level by promoting cheap stuff in October in the hope that people will keep shopping in November and December. “Americans are cautious,” Green says, so they need a little extra push to get them in the mood to spend money.
# 9 Ingvar Kamprad turn bargain hunting into a game
There’s a reason a minimalist design works at IKEA and Apple, but this turns off regular shoppers in a store like J.C. Penney JCP, -1.94% IKEA sells inexpensive furniture that is simply displayed to show how easy it will fit into your home, while J.C. Penney is a promotional store where people enjoy the voyage the bottom of the bargain basement, Shelton says. “Big box department stores make you dig around and see what’s on sale,” he says. “People feel like they’re on a treasure hunt and finding a bargain that someone else missed.” (Music is used to either keep people moving briskly through the store or to slow them down, depending on how busy they are, according to an analysis of big supermarkets by Casino.org. Plus, there’s no free shelf space at the checkout, leaving no room to dump unwanted items.)
# 10 IKEA piles on the accessories
Buying toys for kids can be a gift that keeps on giving: IKEA will sell you one size of plastic container for all the stuff you bought, but maybe don’t need, and it will have one in every shape and size to fit into all the awkward nooks and crannies at home. Another example: The battery life of Apple’s iPhones has long been a bugbear for Apple fans. Apple sells a Mophie Juice Pack Plus charger case ($120), which doubles the time to talk, text and surf the Web. Ingvar Kamprad took a leaf out of Lieutenant Columbo’s playbook, Shelton says, “There will always be ‘Just one more thing.’” Or, in fact, maybe it was the other way around.

Wednesday, 24 January 2018

What you need to know about pre-settlement loans or cash advances

After an accident, the injured person may not be able to work and may even lose his or her job. Paying for rent or mortgage, monthly bills, car repairs, or holiday gifts becomes very difficult and the bill collectors start to call, adding great frustration and anxiety to the pain from the accident injuries.

If you were injured in an accident and have financial stress, you may be considering taking out a pre-settlement loan or cash advance through a company that advertises on TV or the Internet.

In the ads, these loans sound great: quick turn around, so you get your money fast; non-recourse, which means that if you don't get a settlement or win your case, you don't have to pay the money back. It almost seems like free money, right?

The pre-settlement loan or cash advance is not "free money." The money is only given to injured people who have lawyers. Your lawyer must give a lot of information to the loan company about your accident, the insurance, the liability and your injuries. After the loan company has all this information, and determines that there is a high chance that you will get a settlement, then the company will offer a cash advance, commonly in the amount of $500, $1000 or $2500 depending on the case.

How does the company make money on this advance? First, they charge an origination fee, and that fee is added onto your loan balance. Second, they charge interest which is compounded over time. There is a schedule of how much needs to be paid back if payment is made within three months, six months, one year, etc. which becomes part of your loan paperwork.

In my practice I had one client who received $5000 and didn't get the case settled for a couple years and had to pay back $14,500!

If you are looking into these loans, be sure to find out how much the company charges for fees and how much will need to be paid back over time. Because these loans are so expensive, they should be considered only as a last resort, when there is absolutely no other way. And remember, once you get such a loan, your lawyer will be required to pay the loan back out of your settlement funds.

If you have been in an accident in Wisconsin, please call Hestad Law 608-273-1600 to discuss your case.
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Tips #2: Documenting time lost from work after your accident
If you are injured in a car accident, you may miss time from work because you are in pain. You may also miss work time for doctor, chiropractor or physical therapy appointments. Documentation of your missed time from work should be submitted to the liability insurance carrier as an important part of your accident claim.

If you have pain that prevents you from working, you need to obtain an excuse from work from your doctor. The written excuse should be given to your boss or HR Department. Keep a copy to submit to the liability insurance carrier. If you need to stay off work longer, be sure to return to the doctor to get another excuse.

Once you are able to return to work and can work all of your normal hours, you are ready to document your lost work time for the liability carrier.

The best way to document your lost time from work is to obtain a letter from your employer stating the days and hours you missed due to the accident. The letter should also state how much you make per hour so the liability insurance carrier can easily calculate the value of your lost time. If you missed overtime hours, then the letter should also state the missed overtime hours and the amount you earn for overtime hours. If you missed work on the night shift or on a weekend, the letter should state the missed time and the shift differential.

If you are self-employed, documenting your business loss after an accident can be complicated. It may be necessary to produce a copy of your Schedule C for several years and/or statements from your accountant about your business.

Lawyers at Hestad Law have experience in documenting our clients' lost time from work as well as their self-employed business losses after an injury accident. Call us today for a free consult about making your claim! 608-273-1600.
 


United States and Russia Among G20 Nations That Have Failed to Ban Asbestos

The delightful list of political intrigue that has emerged from the Putin-Trump love-hate relationship just keeps growing. We can now add asbestos to the long string of plot twists fit for a political thriller, or perhaps a horror film. Yet another characteristic the 2 leaders have in common is their blatant willingness to endanger their workers. Sadly, they’re not alone.

One disturbing detail that emerged from the recent G20 meeting in Hamburg is that of the 20 countries that form this organization, 8 have not banned asbestos. The United States is the only industrialized nation in the West that has not taken such protective action. Even more important to note, though perhaps not entirely surprising, is that Russia is a key producer and exporter of 1 type of asbestos used primarily in construction.

Linda Reinstien, the CEO and president of the Asbestos Disease Awareness Organization (ADAO), notes that “Each year, Russia mines a million tons of white chrysotile asbestos, and churns out prolific amounts of propaganda claiming that chrysotile is the ‘safe kind’ of asbestos.”

According to the Occupation Health and Safety Administration (OSHA), “There is no ‘safe’ level of asbestos exposure for any type of asbestos fiber.” Of course, Putin and Trump are equally happy to ignore scientific evidence that points to that fact. Given that these men are political and economic bedfellows, Americans should take heed.
In Russia, There Is Even a National Asbestos Day (And It’s Not the Good Kind)
As Reinstien astutely observes, Putin oversees a tidy little pro-asbestos propaganda campaign: “Russia has organized the International Chrysotile Association to counter the minerals’ negative reputation and has even instituted a national ‘Chrysotile Appreciation Day,’ where asbestos workers are compelled to claim the carcinogen they work with is safe.”

Also, Russia was 1 of 5 countries that worked to stop the addition of chrysotile asbestos to the UN’s 2017 Prior Informed Consent Regulations. It is the only form of asbestos not on the list, but of course that should not be taken to mean it is any less carcinogenic. While the materials on this list are not banned from purchase or sale, countries that export these products have to explain their risks to buyers.

Notably, Trump has been sued by workers at 1 of his construction sites due to exposure to high levels of asbestos, among other unsafe conditions. Even though asbestos may kill 15,000 Americans yearly, the United States continues to buy this hazardous material. Last year, the U.S. also purchased asbestos from Russia.
Clear and Present Danger
Asbestos was used in a wide variety of construction materials in the United States through the late 1970s. Since then, the use of asbestos has been greatly reduced due to safety concerns. However, people who work in construction and the renovation of buildings can be at high risk of exposure. If asbestos is disturbed, such as when demolishing or remodeling an older structure, asbestos fibers are released into the air.

These fibers are lethal when inhaled, and can cause terminal illnesses such as the deadly cancer mesothelioma. Additionally, the family members of individuals who work around asbestos can also be at high risk for the disease. Because asbestos fibers can stick to clothing, it’s easy for workers to bring them home with them if their garments are not properly cleaned.

OSHA requires that employers provide protective equipment to workers who may be exposed, and to install mechanisms to reduce fibers in the air. Employers must also monitor levels of asbestos exposure for all workers, and have them evaluated by doctors if workers are exposed beyond the legal limit. OSHA is very clear about the dangers posed by asbestos: “Epidemiologic evidence has increasingly shown that all asbestos fiber types, including the most commonly used form of asbestos, chrysotile, causes mesothelioma in humans.”

Naturally this well-established scientific information has been disregarded by both Trump and Putin. But then again, should we really be surprised?
If All Else Fails, Blame the Mob
On top of Trump blatantly ignoring evidence to the contrary, he has also repeatedly claimed that asbestos is safe. In a now infamous tweet from 2012, he speculated that asbestos could have saved the World Trade Center, if only the carcinogenic substance had not been replaced by other materials. Trump has also claimed that the efforts to take asbestos out of buildings were in fact a conspiracy led by the Mafia.

Sadly, not all asbestos had been removed from the World Trade Center at the time of its collapse. Many first responders have paid the price for that fact. While it can often take 20 to 50 years to develop mesothelioma, just 5 years after 9/11, 2 individuals who worked at the WTC site died from the disease due to heavy asbestos exposure.

Of course, these fatalities may be just the beginning of a much larger epidemic. One study suggests that 70 percent of those who worked at the WTC site had respiratory problems due to their heroic efforts. The full extent of the toll on their bodies may not be known for decades, but 1 thing is clear: The asbestos industry will be sure to find other scapegoats for their illnesses.
Environmental Protection Agency No More
With Scott Pruitt heading the Environmental Protection Agency (EPA), there is precious little hope that the United States will soon join the 12 countries in the G20 that ban asbestos. Pruitt has demonstrated clear reluctance to regulate dangerous chemicals, and is somehow “undecided” about the risks that asbestos poses to workers and the general public.

The battle to ban asbestos has always been hard-fought by the asbestos industry, so this is indeed a continuation of a much longer convoluted corporate tale. While the EPA succeeded in banning asbestos-containing products in 1989, that verdict was overturned only 2 years later, following a suit filed by company that manufactured asbestos-containing products. Now that Trump has “frienemies” (namely, Vladmir Putin) who sponsor a national asbestos day, it is likely that the United States will continue to import more Russian-mined asbestos in the near future.
The Data Is in, the President Is Out to (a Corporate-Sponsored) Lunch
The trifecta of Trump, Pruitt, and Putin signals that American workers should take heed. Their safety is firmly in their own hands, as both workplace and consumer protection regulations continue to be whittled down to toothpick proportions. While Trump and Putin celebrate capitalism, corporations, and carcinogens, Americans must continue to make their voices heard in favor of workplace protections. Petitions, e-mails, and phone calls to Congress all have their needed place in this protest, though perhaps the best occasion will be at the ballot box in a year and a half.

We would like to be more optimistic, to think that if the President sat down for a chat with the good people at OSHA, he might have his views swayed in favor of citizens and scientific knowledge. But wait. They might be in league with the Mafia.

Find cheap insurance for your bicycle

Are you one of the many cycling enthusiasts on UK roads that enjoys feeling the wind in your hair or the thrill of soaring down a hill at breakneck speeds? Do you cycle to work come rain or shine, warding off cars and buses with a steely glare? Or perhaps you just nip to the shops on your trusty bicycle? Whichever your style, pedal power has its attractions.

For one thing, cyclists can save a lot of money on train fares and petrol, but they can also cut down on pollution and improve their overall health and fitness levels. So what are the downsides?

Put simply, bikes are attractive to thieves: last year 276,000 bikes were stolen, according to the Office for National Statistics (ONS). However, while bike theft is at its lowest for more than 30 years, it’s never been costlier for bicycle owners. That’s because the value of stolen bikes is at an all-time high: the average cost is £476, which is almost double the 2005/06 figure of £250.

As this data shows, it’s more important than ever to make sure you have the right cover to protect yourself and your wheels.
Why is bicycle insurance important?

Assuming that a bike is covered under home contents insurance is a mistake. While some home insurers will include cycle cover on their policies as standard, often the bike is only insured if it is inside the property or secured properly in an outbuilding like a shed or garage.

So if your bike is stolen from the back garden or when you are out and about, you will not be covered. For example, if the theft took place when you were out shopping for groceries or if it was locked up at the train station, your insurer is unlikely to pay the claim. But you can often extend your home insurance to cover your bike when it is outside the house.

That said, firms that offer specialist bicycle insurance are becoming more prevalent for the increasing number of cycling enthusiasts. Policy wording may differ, but most will cover your bike against theft – whether left inside or outside the house – if your bike is secured properly with an approved lock. If you don’t secure your bike according to their stipulations, your claim could be rejected.
Not only theft

The good news is that specialist bicycle insurance doesn’t only cover theft, but should also pay out for accidental damage or vandalism. You should check whether the policy includes any third party liability cover, just in case you injure another person or damage their car or bicycle.

The number of cyclists on the roads these days means that accidents are more common place, so it's wise to take out suitable insurance.

It doesn't matter whether you’re a casual cyclist with your trusty two wheels or a serious enthusiast with a custom racing bike that cost thousands of pounds – cycle insurance can be tailor-made to meet your needs.
Problems with cover


If you’ve taken out bike insurance, make sure you know the policy exclusions to prevent voiding your cover or the rejection of a claim. The most common exclusions are:
If you use your bike for monetary gain, such as being a cycle courier.
Any loss where you cannot prove you own the bike, so keep the receipt of sale.
Any cosmetic damage won’t be covered – scratches and dents that don’t affect how the bike actually rides are not covered, for example.
Any damage to accessories, like tyres or mud guards, unless the bike itself is damaged at the same time.
Theft of your bike when you have not secured your bike properly.
Any accidents that may happen under the influence of drugs or alcohol will void your claim.
Top tips for cyclists against thieves

1. Get the best lock money can buy

You get what you pay for when it comes to locks, meaning a cheap lock will be little deterrent to a bike thief. In most cases, the more expensive a lock, the better it will be at protecting your bike from theft – D-locks are often the most secure.

Lock manufacturers have their own ratings for levels of protection and these can be read as an indicator of security. If you use anything other than an approved lock brand or level of security, then your claim will be rejected.

Look out for locks rated on the ‘Sold Secure’ scale – bronze, silver and gold – as these are approved by most insurers. However, as with any insurance policy, check your details to be sure.

2. Lock your bike properly, in the safest location

Make sure to attach your bike to something that can’t be moved or lifted, as your bike is only as secure as the thing you attach it to. For example, a mesh fence only needs a small pair of wire cutters to get through.

Never leave your bike in an isolated place, instead choose to lock it in a well-lit area that people pass frequently and, if possible, with CCTV near to your location.

You should also lock the wheels (if they are quickly removable) together with the frame, ensuring the D-lock is secure and close to the bike. Any manoeuvrability will allow the thief the leverage to break the lock. And removing any lights and the seat will prove an annoyance to any prospective thieves.

Remember that two – preferably different – locks are better than one, as this gives the thief more of a challenge and they will need more tools to prise the locks open. It is very unlikely that a thief will have the correct tools to break both a D-lock and a chain lock, and so a combination provides a formidable opposition.

3. Register and insure your bike

It’s important and necessary to register your bike with the correct company, as it will assist the police in identifying a stolen bike and boost the chance of it being returned to you. Several companies offer this protection for free, aimed at reducing bicycle crime, but bikeregister.com is the UK’s leading registration service and is used by the police.

A policy not only insures you against theft, either inside or outside the home, but will protect you from damage incurred from vandalism or accidents. In addition, you can insure for personal accident and public liability so that if you damage someone else’s property or person, you are covered.
Which companies provide specialist bike cover?

We want to show you as many insurers as possible, so that you can choose what suits you best. But, we can’t promise to show you every single insurer, because some insurers don’t want to be included on comparison websites.
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