Commercial Property Insurance Essay Example for Free

Commercial Property Insurance Essay When starting up a new business, one of the most important factors for a business owner to decide on is the location of that business. With a white-water rafting business there are several important factors that a company must look at before they can proceed. First item is the legal aspects of acquiring, holding, and disposing of both real and personal properties. This aspect is more important because it is the first steps that the client needs to make to get their business up and running. The next item is to analyze the business for insurance purposes. White water rafting can be a dangerous sport, and therefore it is essential that the business is protected from injury lawsuits. The final item that any business needs to be aware of is the environmental issues and other regulations that come with the location. In order to determine the best location for the client’s white water rafting business should be located, we will look at three locations in Florida, Ohio, and Texas to compare which location will be the best fit for this business. Evaluate the Legal Aspects of Acquiring, Holding, and Disposing of Real Property In the U.S. the River-Rafting business is considered to be real property, this due to riverbeds and banks being owned by the state. If a river is physically navigable, then is considered to be pubic property. According to Cheeseman (2007), â€Å"Real property is immovable or attached to immovable land or buildings, whereas personal property is movable† (p. 755). Real property has a major role in the United States economy of property and ownership rights. Real property deals with the legal rights of property rather than physical attributes of tangible land. When acquiring real property it is important to understand the concepts the property and how to transfer rights of the property so that the execution of the property can take place. There are normally two classifications of property, personal and real. Most commonly real property takes the place of land. Landowners purchase surface rights to the land which gives them the  right to occupy the land. This allows the owner the right to enjoy, develop, and use the property as needed, however can be subject to applicable government regulations. In the State of Florida the legal aspects surrounding the acquirement, holding, and disposal of real property are that the buyer must record all deeds with the public records office of the specific county courthouse. This recording suggests that the property has been sold and any subsequent purchases should be careful. The title of the property holds the rights and ownership to the said property and is considered documentary ownership. The company is also given a warranty deed which provides protection to the purchaser. This is proof that the purchaser is the legal owner of the purchased property with no outstanding mortgages, liens, or other holds against the property. The State of Ohio works in a similar way to Florida by requiring a deed, mortgage, lease, or another similar document that spells out who the ownership is being transferred too and contains a detailed description of what the property is that is signed by the grantor and then notarized. The buyer is then also given a warranty deed that verifies and protects the property. Texas also requires a deed, mortgage, lease, or other form of verification of property ownership once it is purchased. Land is also considered real property so if our client wants to purchase the land to put his mobile home on, the purchase will most likely be funded by a community bank or rural land lenders that are familiar with the lending of land. If after time our client would rather construct their building for business, they can write off the interest on the construction of the property if it will also be his residence (East Texas Land, 2014). In the state of Texas, if an entity wants to sell their real property, they need to get a letter by the potential buyer of the property making an offer for either the purchase or lease of the property. The current owner of the property has to disclose all current and existing appraisal reports to ensure that the owner’s opinion of the value of the property is backed up. Taxes will also have to be paid to the state of Texas for any real property that is purchased in the state. Evaluate the Legal Aspects of Acquiring, Holding, and Disposing of Personal Property The U.S. economic system is formed by the private ownership of personal property. According to Cheesman (2007), â€Å"Personal property is tangible  property such as automobiles, furniture, and equipment, and intangible property such as securities, patents, and copyrights† (p. 739). Personal property consists of a person’s rights related to possession and ownership of property, including land, structures, or buildings on land and the materials beneath land. In the state of Florida all tangible personal property is taxed at the local level and varies from county. As of 2007, Florida no longer taxes on intangible personal property. Fee Simple Deeds are the most commonly used form of ownership for property in Florida. Fee Simple Deeds gives the owner the rights to sell, posses, and use as security, improve land/buildings, and pass on to beneficiaries. For Ohio, personal property rights vary by the type of personal property. When buying personal property make sure to check into specific laws for different items, but know that most have some type of transferable clause in them if anything would happen to the owner. The state of Texas has the authority to tax any and all tangible personal property purchased in the state. Intangible personal property is only taxed if the property is owned by a resident of the state, or if the personal property is located in the state and is used for business purposes (Tax Code). For our client, he will be taxed for all equipment purchased and used for his river-rafting business. The current tax rate will be used at the time of purchase. Analyze the Business of Insurance for Various Risks There are a several forms of insurance that will need to be acquired to minimize the risk of performing a River-Rafting business. Injuries are the main risks a River-Rafting company face. They need to be concerned with injuries that could potentially happen to both the clients and employees. Other risks would be the damage that could occur to the rafts and other equipment used for rafting as well as the flooding of the mobile home office. In addition to the insurance need for performing the business, there are also several types of insurance that minimize monetary loss and professional  liability. The professional liability insurances include workman’s compensation insurance, property insurance, and business interruption insurance. The property insurance will provide compensation to the company in the event that a flood occurs and business interruption insurance covers lost revenue that occurs due to a disaster. The two forms of liability insurance that would need to be acquired are on-water and floater liability. These policies provide compensation to the clients in the event an injury occurs while rafting. The insurance also covers any physical damages that may have occurred to the raft or other equipment. Florida’s insurance premiums are fairly low due to their enhanced tort reforms. Florida has fairly low caps on punitive and non-economic damages, which lower the total damages provided by the insurer to the plaintiff in the event of a claim. This in turn increases the insurer’s profitability and lowers premiums. The state of Texas would also require the same type of insurance as the other states. Along with employee and customer protection, a business would also need to protect their property from damage. There are three different types of commercial property policies in Texas that our client can choose from which are basic form policies, broad form policies, and special form polices. These policies will provide either replacement cost coverage, actual cash value coverage, or a combination of both. Depending on where the client chooses to open their business and operate, an insurance company in Texas may exclude windstorm and hail coverage so our client may have to purchase additional policies if they want to be covered (Commercial Property Insurance, 2014). Identify Environmental Issues and Regulations Related to the Site The land that we are suggesting to purchase is a piece of land in Volusia County Florida close to Gemini Springs County Park. This piece of land is used by rafters often and would be a great location to start up a rafting business. If you choose to purchase this piece of land, your company needs  to cautious about any environmental hazards you could be held liable for. We suggest that an evaluation of the land be done to ensure these hazards do not exist. Your company also needs to keep in mind that the land must be purchased in the parts of the county that rafting is allowed by the local government. Keep in mind that any hazardous emissions, contaminations, or underground oil leaks could fall under the liability of the company as the new land owner. Any changes to the land purchased need to be permitted by local, state, and federal regulations. The location in Ohio that we suggest is a spot down the Great Miami River. This location is located near the Cincinnati area that is currently home to several white water rafting sites. This particular location is less crowded and therefore less prone to direct competition from other rafting locations (Whitewater). Since there hasn’t been a lot of rain in Texas in the last few years, most of the Texas rivers and lakes are very low. The place that we would recommend for our clients business is along the Guadalupe River. Customers can experience a nice scenic view with a variety of trees, cliffs crowned with mesquite, and rocky bluffs and rolling hills. Our client needs to make sure that they do not disrupt natures order and comply with all environmental laws. Our client needs to make sure that the water level of the river is adequate for rafting and that depending on the water level of cfs, different rules may apply. Best decision for our client Most of the property laws are the same among Florida, Ohio, and Texas so when deciding where to start a new river-rafting business for our client, we believe that Texas would be their best option. Texas has many rivers that our client can choose from and may be able to choose a place where windstorm damage is covered under their insurance policy. Some parts of the state do have low water levels but with the great size of Texas, there are still plenty of options to choose from. References Commercial Property Insurance. (2014). Retrieved from http://www.tdi.texas.gov/pubs/consumer/cb021.html East Texas Land. (2014). Retrieved from http://www.easttexasland.com/faq/ Part VIII: Property Law. (n.d.): n. pag. Ohio State Bar Association. Web. . Tax Code. Retrieved from http://www.statutes.legis.state.tx.us/Docs/TX/htm/TX.11.htm Whitewater Paddling Rivers in Ohio. Ohio White Water Rivers and Paddling Spots. N.p., n.d. Web. . State of Florida.com. (2014). Retrieved from http://www.stateofflorida.com/Portal/DesktopDefault.aspx?tabid=29 Cheesman, H. R. (2007). Business Law: Legal Environment, Online Commerce, Business Ethics, and International Issues, 6e. Prentice Hall, Inc. A Pearson Education Company.

Cystic Fibrosis :: essays research papers

Situation Summary: Include your client’s situation, their concerns, what they are interested in learning or worried about. Jessica and Martin are coming to me for advice about another child. They currently Have three Males. Both Jessica and Martin are heterozygous and are both carriers of Genetic Counseling Report  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Period:B Counselor Name:Dr. Morse   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   Date: February 9, 2005 Client’s Name: Jessica and Martin cystic fibrosis. They would also like to know what the chance of having a female is sense they already have three males. Also, what the chance is of having a healthy baby. Conclusions: Based on your analysis, what are your conclusions? Review all of your findings for your client. Make sure you address the things they want to know, or should know about their situation. My conclusion is that they will have a healthy baby that could be either a male or female. They have a 75% chance of having a healthy child and 25% of not having a healthy child. Jessica and Martin has a 50% chance of having a boy and a 50% chance of having a girl. The couple is mostly going to get what they wanted except the fact about being a girl or boy. Approach: Here you will describe what you did in your analysis to reach your conclusions, explain why you took the approach you did. I took both Jessica and Martin’s blood sample and sent it to the lab. I also found out about the family history such as they had three healthy males. Data / Analysis: Include in this section all data, analysis and calculations you performed. This would include Punnett Squares, Pedigrees, Karyotypes, ratios or other calculations and your analysis. Some of this material you can fit in this section, some you may need to attach to your report.

Art: The Aesthetic Experience and the Sublime Essay

Art the articulation, documentation, and visualization of different ways of life. Art forms are found in the minutest object to the grandest idea. Everybody can do art. Art defines man above the rest of the species. And for high forms of lifestyles found spread across the history of man’s existence, art highlights man’s dreams, aspirations, successes, failures, past, and futures.   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚   A person in the process of creating art and appreciating art as maker and viewer goes through an aesthetic experience. The aesthetic experience’s existence has been criticized in the past but recent publication has placed importance on the value of the aesthetic experience as proven each time nature is appreciated, and the value of beauty is discussed. â€Å"Contemporary artists and curators are moving away from producing art as idea or concept and beginning to re-evaluate and re-acknowledge the value of aesthetic experience and the role the artwork plays in that experience.† (The Value of Aesthetic Experience).   Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚  Ã‚     The aesthetic experience is further galvanized by the sublime. Up till today, modern philosophers try to articulate, study and experiment on aesthetic experiences that can capture the sublime moments in art and art appreciation. Though attempts have been continuous, one thing is for sure philosophers, that would rather down grade the effects of the sublime moment cannot resurrect from their graves. â€Å"The sublime implies that man can, in emotions and in language, transcend the limits of the human condition. Longinus’s approach is contradistinguished from Plato’s declaration of poetic inspiration as dangerous divine madness or the poet as liar. Yet like Plato, Longinus feels that the human was the art or technical aspects, while the sublime was the â€Å"soul† or that which eluded our experience of art. In order to understand the sublime, we must have some notion of what exists beyond the human, empirical experience.† (†¦, 2006) Because of aesthetic experience and the sublime found in art, the mediums of art becomes a power tool to convince, communicate, and interpret reality and the lives that people lead in the here and now. When there is power, there is responsibility. Roles and responsibilities expected from the artists and craftsmen remain controversial. It is best to focus responsibility of the viewer appreciating, buying, or selling the work of art. These people viewing art is the one responsible in judging the value of the art appreciated or trashed. Each judgment on the work of art always add up to a critical mass perception on what is beautiful and what is ugly, what is worthwhile and worth keeping as a treasure. At the least there must be a conscious effort in the part of the viewer to become aware of the factors that influence his perception of art. â€Å"Some of these psychological factors influencing the perception of art include culture, sex, age, formal art education, politics, economics, and value systems. Besides these variables of aesthetic perception are biological components like the way our consciousness functions, as an end product of evolution. Art thus includes the perceptual cognitive factors of the unconscious and psychophysical sensory mechanisms of the human body. There is also the influence of time and materials used in fabricating the art. Some aesthetic factors identified from these variables include the following: â€Å"boredom†, â€Å"surprise value†, â€Å"familiarity†, â€Å"novelty† and â€Å"nostalgia†.† (Chang, 1980) Lastly, the power in art bestows on it a role defined by each culture where it flourishes. As diverse as culture, beliefs, lifestyles, and perceptions, art in one place cannot be expected to be similar with another place. Different works of art document the different historical experience of men and women. The artist needs to continually engage art rather than reject society. Art because it cannot be beautiful without the freedom to release the sublime during the aesthetic experience, has the capacity to balance cultural ills that maims society from functioning. Art helps people and society rise above their capacities and become larger energies. Without art, humanity will starve and experience will dwindle to a void. References: Chang, Rodney. 1980. What is art? Retrieved October 31, 2006 from, http://www.lastplace.com/whatisartform.htm †¦ The Value of Aesthetic Experience. 2006. Retrieved October 31, 2006 from, http://londonaesthetics.tripod.com/ †¦ The Sublime. 2006. Retrieved October 31, 2006 from, http://www.sjsu.edu/faculty/patten/sublime.html

The Involvement Of Outside Sources Or Ethical Arrangements

The involvement of outside sources or ethical arrangements has been apart of medical practices for as long as they have been around. As the times have progressed, more and more people have meshed together the need for moral obligations within the practice of medicine. From everything from patients who get priority, to how much to charge for a service or drug, ethics have always been applied. The latter of the two I just mentioned is where I will focus on the different ethical viewpoints of that subject matter. The writings of John Locke would have a specific stance on the freedoms of pricing a service or drug. His backing of natural rights would entail a view in which there is no reason to limit how a medical service or drug is priced.†¦show more content†¦That man along with many other people who cannot afford the drug end up dying as a result of having access cut off. Let’s say that legally there are no laws restricting what happened, so it goes on for as long as the new company wants to keep the prices high. Therefore, ethical intervention and suggestions are only applicable in this situation. At a glance, it seems as if natural rights would take the side of the company who pushed the prices up so that people could not afford them. It is essentially a self interested concept of ethics that ultimately sides with the individual as long as they are not infringing on another’s three main rights. Those rooting rights are life, liberty, and property that span the ethical reasoning within the conceptual thinking of John Locke. In essence, no one can infringe upon those rights unless they have somehow formed a social contract with one another, like a government or community. Only in those instances where a social contract has been formed can another being take away the natural rights of another. 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