In the Zone - December Quarter 2018
The COMPULSORY insurance policy you didn’t know you needed!
Have you ever used a babysitter, housesitter, nanny, gardener, in-home carer or handyman?
Have you ever thought what would happen if they injured themselves in and around your home?
Most people assume their home & contents insurance, or public liability insurance will cover them. However, this type of insurance does not cover casual workers employed to do work in or around a home. These products only cover visitors to a home.
A ‘Household Worker Policy’, offered through WorkCover Queensland, protects homeowners and renters against potential compensation costs if the worker is injured in and around the home. Workers may include cleaners, nannies, house sitters, baby sitters, gardeners, handymen and in-home carers.
Furthermore, if you employ a household worker in, or about, or in connection with your primary place of residence or connected property, it is compulsory to take out a Household Workers' Insurance Policy.
“A Household Worker Policy is a no brainer,” Brad says. “It’s so affordable and gives you peace of mind in case someone who works around the home gets injured and needs support. We’ve had a household workers’ policy for years because at various times we’ve employed gardeners, cleaners and babysitters on a casual basis.”
Watch Brad's 2 minute IZ TV video here!
At up to $50 for two years, it's quick and easy to apply for a policy online by visiting www.worksafe.qld.gov.au
You’re welcome 😉
Timing the market
We all know someone who tries to ‘time’ the market – that is, trying to enter or leave the market at exactly the ‘right’ time. They may hear of a great tip or opportunity – they buy in, then the market turns sour, they sell out of the investment…..and then the market improves after they leave!
As Brad says “There aren’t too many happy endings when you try to time the market, it usually results in buying at the top and selling at the bottom.”
Dollar cost averaging describes the practice of investing a fixed amount at regular intervals. It may help take some of the risk out of investing in fluctuating markets by removing timing risk. It tries to take advantage of the market especially if it is volatile and up one day and down the next.
It’s not foolproof, but it minimises risk. Your regular 9.5% Super Guarantee contributions are effectively dollar cost averaging.
We wish all of you a Merry Christmas and safe and prosperous 2019!
Our office will be closed from close of business Friday 21st December 2018 and will reopen on Monday 7th January 2019.
We will be hitting the ground running next year and can’t wait to help you!
Planning to get your money sorted in 2019?
Book your first appointment online at www.investmentzone.com.au/bookonline
We help busy professionals and business owners like you every day. Book in a free Financial Health Check at www.investmentzone.com.au/bookonline or call us on 1300 124 683.
The information in this communication has been prepared on a general advice basis only. The advice has been prepared without taking account of your specific objectives, financial situation or needs. Accordingly, you should, before acting on the advice, consider the appropriateness of the advice having regard to your objectives, financial situation, and needs. In cases where the advice relates to the acquisition, or possible acquisition, of a particular financial product, you should obtain a Product Disclosure Statement (or other relevant information statements) and consider such document before you make any decision about whether or not to acquire the product. For these reasons, it is imperative that you seek advice from your financial adviser before making any investment decisions. Investment Zone Pty Ltd (ABN 18 104 622 611) provides financial services as a Corporate Authorised Representative no. 296974 of Financial Force Pty Ltd ABN 42 091 425 464, AFSL no. 238337