Group Fitness Instructor Liability Insurance

Many people rarely consider the need for professional group fitness instructor liability insurance. It makes sense, however, that in our litigious society precautions should be taken to ensure that those who choose to earn their living as a fitness instructor are protected against legal damages, whether the charges are warranted or not. Most insurance companies will cover actual fitness facilities as well as their employees up to a certain limit and under certain conditions; however it may be only the lowest coverage possible with certain exclusions and conditions. If you are an independent fitness instructor, or even working full time for a fitness facility, it is vital that you consider protecting yourself with a group fitness instructor liability insurance policy.

What is Group Fitness Instructor Liability Insurance?

Group fitness instructor liability insurance protects physical fitness instructors against damages incurred or legal actions brought about by claimants as a result of the instructor’s training duties.

Common reasons for litigation against instructors include:

o Muscle injuries

o Joint injuries

o Back injuries

o Broken bones

o Bruised bones

Most group fitness instructor liability insurance policies will cover the common causes or hazards that can occur during training and result in the losses mentioned above. Common claims include:

o Injury as a result of poor supervision

o Injury as a result of poor training technique and education

o Injury as a result of overtraining

o Injury as a result of lack of adequate stretching or cool down periods

People can also claim mental damages, stress, or humiliation. For this reason it is extremely important that your group fitness instructor liability insurance policy gives you the most specific and comprehensive coverage possible. Although certain endorsements (additional coverage) may add to the total premium that you pay each year, in the end it will be well worth it. Too many frivolous lawsuits are settled in favor of the plaintiff to warrant gambling with your coverage amounts and limits.

Limits of Coverage

As for the limits of coverage, most insurance companies will offer a basic policy with an aggregate limit of $500,000, $1,000,000 or $2,000,000. They may also have a per occurrence limit that is significantly less than the total policy limit. It is important to understand this distinction because if your policy limit is $1,000,000 but your per occurrence limit is only $100,000, this means you are responsible for paying any monies owed to the other party that exceed the $100,000 limit. For example, if the judgment against you is $150,000 and the per occurrence limit is $100,000, you will be responsible for paying the remaining $50,000 out of pocket. If you do not have the $50,000 in cash or savings immediately available for payment, wage garnishment and even asset liquidation can occur.

Conclusion

When considering a group fitness instructor liability insurance policy, remember that it is always best to be over insured and not need it than to be underinsured and end up with a large debt that you will have to end paying for the rest of your life.

Money Management

Money Management deals with the question of how much risk a decision maker should take in situations where uncertainty is present. More precisely the percentage or the part of the decision maker’s wealth should be put into risk in order to maximize the decision maker’s utility function.

Money management also evaluates the reward of a trade and resolves the most functional use of investment money. It declares the number of shares to purchase and how much money to place at risk. It is the distinction between an outstanding trading performance and pitiful performance. It will make the difference between making money and going broke.

Money management gives practical advice among others for gambling–wagering money or something of material value on an event with an uncertain outcome with the primary intent of winning additional money or material goods and for stock trading–buying or selling stock shares.

Money management is also associated with risk management. It is considered definitely crucial to successful trading on an ongoing basis. Many traders look at it as the single most vital element of trading. Indeed, deficient money management is one major cause of bankruptcy among unseasoned traders. There is little doubt that adopting proper money management will lead to more traders being able to attain success, or to avoid devastating failures.

Some traders wrongly perceive that they are managing their money by having money management stops. These stops enable the trader to get out of an event where they lost an inevitable amount of money. However, such kind of stop does not announce the quantity, so it really has nothing to do with money management.

Controlling risk by proclaiming the amount of loss if you are stopped out is not identical to directing risk through a money management model that determines the extent of your problem.

There are many money management strategies that are available. Some are probably more suited to your style of trading than others.

Having said that, there exist two basic systems for money management that we need to be take interest in. These systems were derived from the gambling theory.

The first trading system is the Antimartingale System. It denotes an increase in risk every time one wins and marks a decrease in risk when losing. This system is found to be functional and is often used as basis for most of the money management systems.

The second is the Martingale System. This strategy aggrandizes money at risk during a losing streak. Following a loss, the value of money increments on the next trade. The assumption indicates that one eventually wins after a series of losses.

One of the focuses and main ideas behind money management is to safeguard and maintain a healthy capital so as to enable a person to live to trade another day. Before ever undertaking a trade, the first thing you should consider is the amount of money being risked. The next pondering would involve the extent of loss that one is able to accept and correct. One of the most common mistakes new day traders make is that of putting all of their capital on one or two stocks.

Copyright 2007 Ismael D. Tabije

The History of Bookmakers

The origins of bookmaking have vanished into the past, but betting, especially on horse racing, has been ingrained in the character of England for centuries. Originally betting would have been between individuals, with the largest sums of money wagered on the Classic races, such as the Derby and the St Leger. Betting was the domain of the wealthy, but betting contracts, where no money changed hands, often led to large debts and animosity. The Gaming Act of 1845 banned this practice and bookmakers began to insist on cash up front.

Betting shops started being set up around the country but were outlawed by the 1853 Betting Act, and were not legalised until 1 May 1961, after which 10,000 were set up within 6 months, with some of the illegal bookies making it through the new vetting procedures, established by the 1960 Betting and Gaming Act. However a lot of them found that entering into the business world was outside of their capability, being unable to set up premises, pay staff and ‘go straight.’ As well as this, betting tax was increased and the Government imposed a 33 per cent tax on the fixed-odds coupons issued by bookmakers. The number of High Street shops began to decline, and now there are just over 8,000.

Punters could listen only to an audio commentary on races in the betting shops, provided by the Exchange Telegraph Company, with each region having a ‘local’ commentator with a ‘local’ accent. In 1986 the regulation relaxed and television screens were permitted which would bring live racing via satellite to the majority of shops. Bookmakers were permitted to open in the evenings and on Sundays, but duty at 10 per cent was driving punters to illegal bookmakers, who, operating in pubs, clubs and factories, accounted for a 10 per cent of betting turnover.

Another two events have had a massive impact on bookmakers – the first when Frankie Dettori rode all seven winners at Ascot in 1996, which resulted in massive payouts. The second was the introduction of the National Lottery and particularly scratchcards in 1995, with the betting shops being denied the right to sell tickets. A Government survey on gambling revealed that 57% of gamblers use the lottery, 20% buy scratchcards and 17% bet on horseracing.

However in the past decade, measures have been taken to rebalance the nation’s gambling impulses. Tax on betting-shop wagers was cut from 10% to 9% and abolished in 2002, in favour of a tax on the bookies’ gross profits. Rules regarding betting on football were relaxed, allowing bets on single matches, and betting shops have been allowed to install fixed-odds betting terminals and fruit machines.

Online gambling is today’s worry on bookmakers but the figures suggest that the world of internet gambling and betting shops could live side by side -the four biggest betting shop companies still seem strongly committed to betting shops. William Hill currently runs more than 2,250 shops; Ladbrokes has 2,350; Coral owns 1,600; and totesport manages 540. Paddy Power, which has 58 British shops, mostly in and around London, announced profits of £55.2m for 2007, half of this coming from online operations. But its UK shops also made money and it plans to have twice as many by 2011.

Can I Win the Lottery With the Law of Attraction?

Can you win the lottery with the Law of Attraction? That’s the multimillion dollar question, right?

The good news is, yes, it’s possible to use the Law of Attraction to attain any real world desire — including trying to win a lottery. The not so good news is: there are factors involved that could interfere with your success.

For one thing, if thousands of people desire the same object (in this case, the lottery) then who can say what factors determine who wins it? For instance, does the person who wants it the most win the prize? Or is it the person who envisions winning it most clearly? Does karma play a role? What about predestination?

Personal beliefs and attitudes that can also block a lottery win. For instance, if you think that “winning” is improbable or if you find gambling morally questionable, your own subconscious mind may stop you from succeeding.

Manifestation is often complex. Anyone who says differently is selling something. The bottom line is that although it is possible to win the lottery using the Law of Attraction, there is no guarantee. Maybe risking your hard earned money on lottery tickets would be unwise for you.

There Is a Silver Lining!

Many people have used the Law of Attraction to help them manifest more money. Here’s an example. Angela, a student of mine, needed $4,000 to pay off her debts. After putting my methods into practice, she unexpectedly received a check in the mail for $4,444 within six weeks!

By the way, Angela hadn’t bought any lottery tickets. In fact, she didn’t have any idea how the money might come to her. She said she just kept envisioning the amount of money she needed, and imagined paying off her debts.

Here’s my point: You do not need to limit the way the money may come to you. Your subconscious — the part of you that makes Attraction really work — is like a powerful genie, with vast, often unknowable resources. Let the genie within you decide where the money will come from!

When using the Law of Attraction to manifest money, there are a few ideas that may prove helpful:

  • Eliminate limiting beliefs about money and wealth
  • Recognize that others have used Attraction methods to attract wealth
  • Contemplate the amount you want and what you will use it for
  • Imagine the joy you will feel when it has manifested
  • Don’t specify how the money will materialize

There is no reason to believe that it is harder to manifest money than to manifest other things. Just reconsider whether you should put your effort and hope into winning the lottery. After all, there are a lot of different ways to acquire wealth with the Law of Attraction. And why limit yourself anyway?