Contracting is capital intensive, You have to pay for lots of things before you get any payment for services rendered. You hope to earn more than your outlay initially and for the whole of the freelance arrangement.
Things to pay for include transport, accommodation, food etc.
As you will also realise rapidly growing insurance companies like rapidly growing babies require more capital and thus more expenditure than less rapidly growing ones or in the case of companies contracting ones.
Thus a source of capital (eg money/resource) can be the use of an overdraft, or loan no matter how temporary. Another source could be any equipment or assets which you use but not purchased for the arrangement (eg clothes - not purchased for the business but obvioulsy need to be worn!)
Sunday, 29 January 2012
Thursday, 12 January 2012
Managing risk and lucky insurers
Lucky insurers. Insolvency of companies will protect lots of insurers and reinsurers from significant costs
Link: http://www.telegraph.co.uk/health/women_shealth/8999936/The-breast-implant-scandal-strips-away-the-glossy-euphemisms-of-cosmetic-surgery.html
Commentary:
Insolvency is great news for some insurers. The product liability insurers should be very relieved at the moment. At the moment Cosmetic surgery companies are being pressurised into redressing the situation - removing implants.
What are the problems and issues?
However who should pay and how long have the companies got?
In other words to what extent is this an operational research problem and to what extent is this an actuarial problem?
Are there insurers who can pick up the company tabs?
What order should the implants be removed? FIFO or some sort of triage?
Further down the link, one way to manage reputational risk is to get a proper typist or what used to be called by the masses a secretary and don't let others tweet sincerity/remorse/praise on your behalf.
Link: http://www.telegraph.co.uk/health/women_shealth/8999936/The-breast-implant-scandal-strips-away-the-glossy-euphemisms-of-cosmetic-surgery.html
Commentary:
Insolvency is great news for some insurers. The product liability insurers should be very relieved at the moment. At the moment Cosmetic surgery companies are being pressurised into redressing the situation - removing implants.
What are the problems and issues?
However who should pay and how long have the companies got?
In other words to what extent is this an operational research problem and to what extent is this an actuarial problem?
Are there insurers who can pick up the company tabs?
What order should the implants be removed? FIFO or some sort of triage?
Further down the link, one way to manage reputational risk is to get a proper typist or what used to be called by the masses a secretary and don't let others tweet sincerity/remorse/praise on your behalf.
Labels:
cosmetic,
implants,
product liablity,
public liability
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