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What makes Entrepreneur Fito Salume the go-to turnaround specialist




Starting a business is no cakewalk, especially if you are doing it from the scratch. A lot of time, energy, and money are invested in undertaking a new business. Understanding the market is the key to providing a product to the customer. In times like these, it is always a good idea to have a mentor who can guide you. Of course, you can always learn while on the job since experience is the best teacher, but learning from an established businessman like Fito Salume, who has over 50 companies, is a much better way to launch your career.

“The ability to think on your feet, make quick decisions, and finding instant solutions is indispensable for building and managing businesses. When you manage one company well, you can manage them all,” says Fito. He adds that he loves what he does, seeing it as a way to create a workplace that highlights the importance of one’s culture and respects others. “Motivation is crucial in any scenario, more so at a workplace. If you teach people to strive towards their potential at any cost, you are teaching them to be better than what they are at present,” said Fito. The trick, according to Fito, is in looking at the bigger picture and thinking long-term. Work slowly to build your experience and your company, thus ensuring that you can remove failure from the equation.

Fito is well-known in his tribe as the “business-builder.” He has a proven record of accomplishment of purchasing and heading staggering business and then turning them around into money-making endeavors. He purchased a 50% control in Spartan Chemical, Colombia about 3 years ago when the company was not doing as well. Since then, the company has seen an increase of more than 20% in sales and has become one of the largest companies for sanitizing chemicals. Fito has had similar success with companies like Limpius Ecotech, Mister Donut, and others.

It is more than just running a business for Fito, who has already overseen the running of several dozen companies. As a dedicated family man with six children, he has made it his mission to help the amateurs. Fito promotes the charities he has founded that help low-income families to get back on their feet.

The idea of Bigtime Daily landed this engineer cum journalist from a multi-national company to the digital avenue. Matthew brought life to this idea and rendered all that was necessary to create an interactive and attractive platform for the readers. Apart from managing the platform, he also contributes his expertise in business niche.

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How to Negotiate With Car Insurance Companies After an Accident




After a car accident, negotiating with insurance companies comes with the territory. Unfortunately, most people don’t know what to do, so they end up being taken advantage of by the insurance companies. We don’t want this to happen to you. 

Let’s explore several helpful tips that will allow you to negotiate strategically and get the results you want.

  • Document Evidence

The foundation of a successful negotiation with insurance companies lies in thorough documentation. From the moment the accident occurs, gather as much evidence as possible. 

Take photographs of the accident scene, including vehicle damage, skid marks, road conditions, and any visible injuries. Collect witness statements, police reports, and medical records to support your claim.

This documentation serves as crucial evidence to substantiate your case during negotiations. The more evidence you gather, the stronger your position will be when presenting your claim to the insurance company.

  • Understand Policy Coverage

Familiarize yourself with the details of your insurance policy. Understand what is covered, the limits of coverage, and any applicable deductibles. Knowing the specifics of your policy empowers you to negotiate from a position of knowledge.

Take note of your policy’s provisions related to collision coverage, liability limits, medical payments, and any additional coverages that might be relevant to your situation. This understanding will help you assess the insurance company’s offers accurately and ensure you receive the compensation you’re entitled to under your policy.

  • Hire an Attorney

You have the ability to represent yourself and speak directly with insurance companies about your claim. However, in complicated situations – or even simple situations where there are a lot of medical bills or damages involved – you’re better off getting some help.

“When an insurance company receives a claim for an injury, they do not simply roll over and pay out any amount that the injured person wants,” Parham Smith & Arcenhold explains. “Instead, thorough investigations take place. These companies have the resources necessary to look out for their best interests financially, which is why any injured individual should have the same level of legal representation.”

A good attorney is someone who specializes in car accident claims, has an extensive track record of successful negotiations with car insurance companies, and has been in your local area for a number of years. You want someone you can trust and depend on throughout this case, no matter how many twists and turns it might take. 

  • Stay Composed During Discussions

Negotiations with insurance adjusters can be intimidating, but maintaining composure is crucial. Be respectful and avoid being confrontational during discussions. Stick to the facts and avoid admitting fault or making statements that could be misconstrued as accepting liability.

Remain firm in advocating for fair compensation but avoid making rash decisions out of frustration. Take your time to review offers and consult with professionals, such as legal advisors or trusted experts, before accepting or rejecting any settlement offers. 

As a general rule of thumb, an insurance company’s first settlement offer might only be worth 25 to 50 percent of the full value. This is why you should always reject the first offer and work with your attorney to negotiate back and forth. 

  • Value Your Claim Accurately

Accurately valuing your claim is critically important for a successful negotiation. Consider all the damages incurred, including vehicle repairs, medical expenses, lost wages, pain and suffering, and future rehabilitation costs. Gather estimates from reputable auto repair shops and medical professionals to substantiate your claim.

Don’t undervalue your losses. Consider the long-term implications of the accident, including potential future medical treatments or the impact of injuries on your quality of life. Presenting a well-documented and accurately valued claim increases your chances of obtaining fair compensation.

Negotiate With a Strategy

Remember, insurance wants to settle claims quickly and for as little as possible. However, armed with proper documentation, knowledge of your policy, a composed demeanor, and an accurately valued claim, you’ll be better positioned to negotiate effectively and secure a fair settlement.

Sugarcoating this process won’t do anything good for you. The reality is that it’s you versus the insurance companies. If you choose to plug your ears and pretend that nothing is happening, you will get the raw end of this deal. However, if you fight back with the assistance of an attorney who has a good strategy, you’ll put the insurance companies on their heels and force them to give ground. 

As a result, you’ll likely get a much more fair settlement.

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