The Ultimate Guide to Public Liability Insurance for Hairdressers

Hairdressers operate in several different ways, as a salon, owner of a business, mobile, and even self-employed. Whatever the circumstances of your particular business, you must be aware of your responsibilities to your employees, colleagues and clients.

Although it may be a glamorous trade, the tools you need to carry it out aren't quite so glitzy. Chemicals, scissors, razors and hot appliances all have the potential to cause harm and make a case for liability insurance on their own but combined with the risks that all businesses face every-day make public liability insurance for all hairdressers an absolute and indisputable necessity.

One of the important things to consider is one that many people feel doesn't apply to them or their business; professional negligence. Even if there has never been the slightest suggestion of your salon cutting corners or not adhering to industry standards, the fact remains that we currently live in a claim culture. Today's society thrives on blame and no win, no fee solicitors will stop at nothing in attempting to prove liability.

Other claims may be instigated against you or your salon for unintentional accidents which happen to clients. A trip over a wire, a slip on split product, a burn from straighteners or a nick from scissors, a solution which causes damage to a client's hair or skin. These risks are increased if you visit your clients at their premises, unforeseen property damage by peroxide dripping on to their carpet for example.

Employer's liability insurance isn't optional if you have any staff working for you and your business, it's a legal obligation. It doesn't matter if your staff are part time, full time, trainees or apprentices; they are equally as likely as your clients to suffer from an industry related accident such as a chemical reaction, burn, trip or fall. Similarly employees are just as entitled to bring legal procedures against you if they consider the incident is due negligence.

A non-obligatory element to public liability insurance for hairdressers is product and treatment cover. Even though this isn't considered absolutely necessary and you may be on a tight budget, common sense should tell you to purchase product and treatment cover.

Another non-obligatory element is cover for stock and equipment while it is in transit. Whilst this may be an obvious choice for mobile hairdresser, it should also be considered by any business that transport purchases from a wholesaler to their own premises in their own vehicles.

Everybody knows that hairdressing salons are glamorous and luxurious places where people go to be spoiled. Unfortunately insurance doesn't really have a role in that image but your peace of mind will be increased and your worries lessened by the security of financial protection.

Public liability insurance for hairdressers should always be purchased from a reputable broker such as Specialist Risks

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What Is a General Liability Insurance Quote?

As the general manager or the chief executive officer of a business or a company, you surely ought to know that an accident or mishap can happen within your business establishment anytime. You may never know what will happen next to your company, so you will definitely want to secure your business, your assets and yourself with general business liability insurance. So what is this general business liability insurance?

General liability insurance is a protection for your business as well as your personal assets from any unanticipated accidents or mishaps. It can safeguard your business or company from any financial effect of litigation. Furthermore it will insure your business and you against potential financial crisis that you might experience right after an accident in your business establishment.

Your worries will be lessened if you avail of this insurance policy. If ever an accident does happen within your workplace and you are held responsible of it, just simply file a statement with the company where you purchase your business coverage. After that you will have the money to pay for damages caused by your business. If the victim is taken to hospital, you will pay for the hospital bills.. It also covers you from any lawsuit that your consumer or buyer may filed against you due to the damage or harm caused by your product or service.

General liability insurance quote gets you in the right path to start your search of the best business protection for your business. It should contain the amount of the policy, any discounts that may suit to your company and some certainties you have requested. This quote will provide you important data about the financial manner of protecting your business from any form of liabilities. You can buy or get this quote from an online insurance provider or you can go to insurance company and ask for a quote for the services they are offering.

In searching for the appropriate business insurance quote, you must not only consider the goodness of the quote that you are looking for but to the kind of company that you select. Every insurance company is unique and this will make it difficult to look for the best company that could provide you the perfect protection for your business. You must really study carefully the services offered by different companies before you buy a quote so that you will be happy and satisfied with whatever company you select to purchase your protection for your business.

You will only come to find the security for your business through general liability insurance quote. With a quote from business liability insurance, you will not have to worry of injuries and damages that may occur in your office or working premises. You can have now more time to think of vital things like how you can attract more customers and consumers, keeping your employees to work always their best and how you can improve your business for the convenience of your customers and buyers.

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Information About Error and Omission Insurance

Most of the professionals and businesses are relevant today because of the significant value of the advice or service for consumer's betterment. A medical professional can improve the health status. A real estate broker can lead to the most suitable house. A sound financial advice from a financial planner can strengthen the consumer's stability. But, a single error on part of these professionals and business owners can lead to the unexpected and unplanned dive into the court case, damages payment and its consequences on your business or professional practice.

Therefore, e and o insurance is the most cost-efficient and stress-free insurance policy for you. The primary reasons for choosing the error and omission policy by the best of professionals, entrepreneurs and business owners are:

It provides protection against lawsuits by turning over all your legal expenses into claim of your insurance policy Some of the well designed policies of chosen insurance companies also make the payments of the punitive damages demanded by the court. It provides solid back up system against all the possible legal action against your professional practice or business. Since it is not a standardized insurance policy, it can be designed to suit all your professional or business requirements. It implies that it can be modified to provide all the legal support your professional practice or business may require. Most importantly, if you don't have the capital for incorporating a lawsuit against you in your budget, which most of start-up professional practices, businesses and small and medium size enterprises don't have, this could be the policy preserving you from shutting down.

In order to protect your professional service or business, you would need a thorough understanding of your service or products as well as the nature of legal protection necessary. Because, these policies aren't general, they are designed on the basis of various factors like your industry, its volatility, your annual turn over, location, the type of your product or service and the possible consequences of your service or products. These are the few variables that can be mentioned here generically.

Even the most productive and successful professional or careful business owner paying attention to all the details of the product or service to the consumer is vulnerable to negligence, overlooking the unexpected details or the factors outside the individual's control like economy. It needs to be stated that its much better vision for your financial life to be strategically prepared for the unexpected upheavals that otherwise. Since you can not be ever completely prepared for a million dollar lawsuits completely, it's a rather your only wise choice to purchase a well-constructed error and omission insurance policy than to leave your business vulnerable to such legal and financial risks. Make the suitable choice for long term survival and success for your profession or business.

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Benefits Of Insurance For Nuclear Accidents

Companies and the federal agencies running and managing the business of nuclear energy are aware about the risks involved. The first, risk of radiation exposure; if due to any accident or the general public is exposed to the radiations of a nuclear energy resource, and then the amount of damage repair would require billions of pounds. The second major risk is the risk of polluting land, air and water, which need no explanation. Polluting the planet can cause the permanent shutdown of business. Insurance for nuclear accidents has benefits as explained below.

Professional indemnity insurance covers the cost of defending your business against allegations of professional negligence (such as radiation exposure and pollution) and if unsuccessful. The cost of damages awarded against you.

All-risk property protection: Nuclear power plant has properties like turbines, nuclear reactors, transformers, imagine not having this cover would mean a lot of money has to be spent in the repairs of these structures.

Insurance protection against the third party lawsuits and liabilities: In today's litigious society, businesses have to incorporate safeguards to protect themselves from the outside lawsuits. Damage to a third party business or property, while you're doing your work; exemplify how devastating the results can be for businesses without liability insurance protection.

Legal Expenses Insurance: Even if your company is diligent about complying with federal regulations regarding discrimination, sexual harassment and unfair hiring, lawsuits are filed every day. Legal Expenses insurance covers the company for these occurrences, and can be structured to additionally cover legal costs.

Office property Insurance and Employer's liability insurance: Second only to its staff, a business's structure, warehouse, products and property are important to insure. Business owners should make it a point to check out insurance companies that specialize in commercial property. These companies know how to assess the importance and value of machinery, equipment, and inventory.

Employer's liability offers protection in case of a death or an injury to the member of the staff or an employee; employer's liability will protect the management against any claims made by the family members of the dead employee. Imagine the amount of damage without this policy.

Business Interruption Cover: Coverage for business interruption includes income loss and, based on financial history, loss of revenue. If you must close the nuclear plant due to an event such as a chemical leak or earthquake, your policy pays for the anticipated income. Reimbursements for expenses are also covered, such as utilities, vendors and any other services required for operations. Expenses for operating at an alternate location may as well apply during recovery.

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A Business Owner's Policy Makes Insurance More Affordable

When you're in business you need to worry about everything from sales numbers to support issues to legal issues. You also have to be prepared for anything that could go wrong. Yes, I'm talking about risks and liabilities. I know, business insurance policies can be expensive, but there are ways to save money on the cost of commercial insurance. A "Business Owners Policy" is one way to save.

A business owners policy enables you to get a discount on a bundle of policies you need for your business. It's like a basket of coverage that's custom tailored to your specific insurance needs.

Fire, property damage, flooding, anything that could hurt your business or your finances, is a very real danger that you need to concern yourself with. Even an independent contractor or small to medium sized business owner needs to buy insurance to cover all of the different things that could go wrong. Depending on your particular risks, you may need many types of coverage. A savvy business owner with multiple insurance needs might want to take a close look at a Business Owner's Policy, or a BOP as it's sometimes called.

A Business Owners Policy is a collection of all the insurance that you need for your business. The package is put together with your specific needs in mind and typically can contain things like business interruption insurance, property insurance, commercial vehicle coverage, general liability insurance, crime insurance and flood insurance.

Additional policies like earthquake, hurricane, tornado and other forms of insurance might be added depending on the physical location of the business being insured. This can be a real advantage for you as a business owner because a BOP offers cheaper insurance premiums in many cases. Since it's basically a packaged insurance deal, you usually pay smaller monthly premiums than you otherwise would when buying each policy separately, and trying to customize your own coverage.

Of course, just because you decide to go with a Business Owners Policy doesn't mean that you shouldn't negotiate pricing with your existing insurance company or better yet, shop around with multiple insurers to find the best deal for your business. And remember, when comparing pricing from multiple providers that are offering BOP's, you need to not only compare the rates, you need to compare the coverage as well. In the process of comparing quotes, keep in mind which one gives you the best coverage as well as offers the best fit for your budget and your business.

If the commercial insurance quotes you get are still too high, talk to the representative, agent or broker to see if there is a way you can customize your particular BOP further. If saving money is your number one priority, ask for other options such as higher deductibles that are within your means to pay. Many of the better rated insurance companies are sometimes willing to work with you in order to keep you as a satisfied client.

Getting a solid Business Owners Policy to cover all your risks is a good investment to make in your business. It gives you the confidence to face every day knowing that no matter what happens, you and your business are protected from risks, liabilities and litigation.

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Internet Business Insurance: Real Solutions for the Enterprises in the Virtual World

There is no doubt that doing business online is the best way to go in this digital age. Whether you have a real office or maintain an office in the virtual world only, your business requires a safety net. You have to safeguard your business against unexpected incidents that can happen to your online business. While many opportunities are available to you online to maximize your business potential, danger still lurks.

With the right decision, connections and exposure, your online business can boom in seconds. However, with scams, bad business deals, defective products and more, your online business can fold in just a few clicks as well. And just like any real world businesses, which are well protected by various insurances, your online business also requires internet business insurance for more protection.

Many companies understand the value of online business. They spend a lot on technology, website design and online marketing strategies to get more traffic online and ensure greater profits. They pay for expensive online graphic artists. They have the best web content writers. They spend on information technology professionals to make sure products and services are offered without delay and hassle.

However, entering the digital arena un-equipped, without internet business insurance, has cost most companies their reputation and growth. Without the right insurance, their businesses struggled. With various online issues that they never thought they would encounter, many businesses backed out from the digital arena. They chose to stay away from the online competition because they feared facing the challenges again that had caused drainage of their financial resources. Some companies recovered and yet some are still trying to recover from damages doing business online caused them.

However, there are those who took more time to plan and prepare before they dove into the online arena. They have had their share of bad experiences of the real world business and they know the terror and financial consequence of not having the insurance for the protection of their business. They have been scammed or they have been taken advantage of. That, or they have known many companies who faced insolvency due to poor management decisions.

In an effort to save on insurance costs, many companies have their finances drained by unforeseen events. Not a wise move and evidently not cost-effective as well. If people take the time to get insurance protection for their lives, their homes and their vehicles, it then makes sense to insure their online businesses. Instead of looking at it as an additional cost of running a business, it is best to look at it as an investment that will surely pay off in the long run.

Online businesses do not need to worry about physical theft, robberies or fire, but they can have copyright issues, viruses and hacker vandalism (and theft). Some online business damage may require a little help from brilliant online professionals who are trained to handle internet issues. However, some could require a higher cost from damage and total website redesign that requires high capital reinvestment. But with internet business insurance, the unnecessary cash outlay can be avoided.

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Brokers Can Help Couriers Find Extensive and Cheap Goods in Transit Insurance

Couriers on the lookout for cheap Goods in Transit (GiT) insurance quotes will often be met with low quality protection, which could leave them vulnerable should an unfortunate incident occur. With the assistance of a quality insurance broker, couriers have a better chance of finding adequate cover at an affordable price.

It's not just couriers that can benefit from cheap Goods in Transit insurance - hauliers, repo-persons, furniture removers and pretty much anybody who transports the goods on behalf of another party on public roads.

GiT insurance can protect the driver should goods get lost, damaged or stolen. However, the trouble some couriers find when looking for a cheap quote is that the value of the insurance is too low to cover the value of the goods they are carrying.

Different insurers have different clauses in their policy which can vary quote prices:

- Weight - Some insurers include a weight restriction clause in their policy, which could bypass certain applicants who later get surprised when making a claim. A quote to insure £5,000 worth of goods may have a weight restriction feature which limits protection to £10 per kilo. Therefore small expensive items (usually gadgets) won't weigh enough to cover their actual value.

- Dual Manning - Some policies enforce a two-person feature which states the vehicle in question should be operated by two people at all times. One person can carry items while another stays in the vehicle. Breach of this will void any claims made.

- Theft Probability - A lot of delivery people carry what are classed as 'theft attractive items'. Some policies will not allow claims for goods under this classification (which is a very broad classification). Some couriers will deliver things like magazines and POS, which are not 'theft attractive'.

- Unwitting items - Some theft attractive items may be packaged in a way that disguises their value. These goods may be covered by an 'Unwitting Items' policy. However, proving an item was completely disguised can be tricky as often couriers will carry an index of all items onboard or the boxes themselves may be labelled with content information.

There are more unique small prints that applicants need to look out for but finding the right insurance package which covers a business and its average item value exactly, can be easily done with the help of an experienced insurance broker.

The broker will negotiate on behalf of a client with a panel of reliable insurers. Any 'loopholes' the client is worried about can be discussed with the broker first, who will raise the concerns prior to sign up.

Brokers are experts in finding accurate insurance goods in transit quotes for the right price. Their relationships with insurers give them the kind of leverage a public applicant wouldn't have on their own. Utilising their services can guarantee the goods are covered completely and prevent overpaying.

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Insurance Is Protection for Businesses

Research by DVL Smith's Evolution shows that 42% of UK SMEs are conscious that they do not have sufficient insurance cover in place and 70% felt that it would be beneficial to get at least one additional insurance policy.

It was highlighted that confusion over the types of insurance cover required, the products offered, price and lack of time were the main reasons that businesses are prevented from purchasing the additional protection.

In 2009, the UK insurance industry paid out a total of £6.4 million in liability claims. These consisted of accidents at work, injuries to the public on commercial premises and professional error, according to figures published by the Association of British Insurers (ABI).

One single claim could be severely damaging for any business. It can be extremely costly and stressful for businesses with some claims resulting in insolvency, thus highlighting the importance of having the correct level of insurance cover in place.

Insurance is often considered a nuisance due to its cost and complexity. Some aspects of liability insurance are legally required and others are voluntary, nevertheless all policies can provide valuable assistance at crucial times.

With such a precious and powerful asset, having the right policy in place to protect your business against any kind of eventuality can only be beneficial.

Liability insurance is protection aimed at safeguarding businesses against serious incidents from members of the public or employees that could result in a significant claim.

Public liability insurance is a voluntary purchase. It will protect businesses from claims made against them by members of the public who have been injured, made ill or suffered damage to their property.

A minimum of £5 million employers' liability insurance (EL) is legally required if a business employs any number of staff, however most insurers provide £10 million as standard. The research by DVL Smith's Evolution found that an alarming 18% of SMEs do not believe they have employers' liability cover.

According to data from the Office for National Statistics, there are approximately 1.4m SMEs in the UK with at least 1 employee. If any of these 1.4million SMEs fail to purchase employers liability insurance they could be susceptible to penalties of up to £2,500 for every day that it traded without it, or even face a maximum of 14 years imprisonment.

Obtaining public liability insurance quotes can be daunting and complex and many will postpone the process for as long as possible. A lack of understanding was the main reason businesses are not purchasing the correct insurance.

A policy that covers all potential risks would be most beneficial. Ideally, businesses should get a combined policy that includes different types of cover for every aspect of their business operations. This tends to be more straightforward and is normally cheaper. For example, public liability, employers' liability, product liability, professional indemnity, business interruptions, could all be covered within 1 policy if required.

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The Best 5 Ways to Save on Business Insurance

Whether you own a small boutique, a local flower shop, a mom and pop diner, or a huge international corporation, one thing remains relevant: You need business insurance. There are several factors that go into your quote and rate, and these following tips can help you save money on your business insurance coverage and how to get the right policy that suits your needs, without going overboard.

As a business owner, you know very well how easy business expenses can add up. If you get too many things covered, the expenses associated with the costs can drive you out of business. However, if you just get the essentials taken care of, you can end up saving a lot of money monthly.

The first guideline we'd like to point out is you need to set priorities and be smart about choosing the right policy. Research what types of coverage are mandatory by your state law, and then pick and choose additional coverage to cover the specific risks your particular business is likely to encounter. For example, a convenient store might add additional robbery and inventory protection features. Determine the value of all your property and valuable assets. This process is important because you are picking whether certain items are worth insuring or not. While you can't possibly insure against everything, if your most prized valuables are covered, at least you have peace in mind that you will be refunded somehow by the insurance policy.

Second, you should sit down and outline a risk management/ loss reduction strategy. This is due to the fact that many insurance companies these days are more than likely to reduce business insurance rates for large enterprises that have developed a working risk management strategy and in case of an emergency, they know how to minimize losses, placing less liability on the insurance.

Third, after your thorough research of what types of business insurance coverage you need, take the time to compare the rates offered by other insurers. Never settle for the first offer.

Fourth, researching the types of coverage is not simply enough. To save additional money, consider finding a bundle policy that address all of your needs, such as insurance packages that also include business insurance coverage. You'll have to compare the value of your property and the types of coverage needed to protect those assets, then compare it to the cost of individual business insurance plans. Chances are, bundle packages will cost less.

Finally, working with independent contractors and keeping track of the competition year to year will help you decide if you want to adjust your rates. This is a good idea because different types of business insurance policies fluctuate year to year and you don't want to end up paying more than you have to.

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Checking Out Details Concerning Fleet Insurance

The business that includes a group of drivers and vehicles is required to have insurance coverage. However, getting the lowest price for premiums and making sure those premiums are for one complete policy means you need to check out fleet insurance coverage. The time and money you will save by taking out this type of policy can be significant and beneficial for your business.

Discussing with your coverage broker about the details of the policy you need is best. If you operate more than three vehicles in your company, you should consider fleet insurance coverage. Trying to keep up premiums for individual policies is a lot of additional stress you do not need. One premium also means one time to renew and one policy to refer to in the event of an accident.

Many discounts are available to you for getting the lowest premiums possible for fleet insurance. Learn more from your broker about how updated safety features on your vehicles can help to lower rates. You might be surprised to learn about the discounts you can receive for hiring drivers that have excellent driving records and for those drivers that consecutively test drug free.

If you worry about some of the vehicles in your group being older models, you should know that each vehicle is considered in a fleet insurance policy. You may only have to pay for the coverage needed for an older model while newer ones get extended types of coverage. All of these fine details can be worked into one policy for your benefit and peace of mind.

In the event one of your drivers is involved in an accident, you can most likely count on legal fees accruing. Talk with your broker about adding coverage for these kinds of fees into your policy. You should also consider the additional option of replacement vehicles for any totaled out in an accident. In this way, you never have to worry about losing business due to the loss of a vehicle in an accident.

Businesses that transport goods and other people's property should consider additional fleet insurance coverage. Making sure you can cover the costs of damages and lost property is important for keeping your business running smoothly and without financial pitfalls. Many occurrences can happen out on the road that would jeopardize drivers and the load they are hauling as well. Keeping insurance coverage is the greatest way to always be prepared for any unexpected occurrences.

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Cheap HGV Insurance

Heavy goods vehicles on roads are faced with maximum risks. These vehicles cover a lot of distance carrying heavy goods. This is why one should always buy a good insurance. Investing in heavy goods vehicle means huge amount of capital on top of that investing in a good insurance can seem like a burden. In this article we will be talking about how to get cheap hgv insurance.

First and foremost about any insurance policy is that you need to know what are the risks which your insurance needs to cover. Without knowing this the chances of paying for a wrong insurance policy is very high. So take some time to know what are the major risks that you want to be covered also what is the maximum amount that you need your policy to provide you with. Once you know this it is time to start searching for the cheapest quote.

In today's world new insurance policies are released each and every day and it is difficult to keep track of what is new in the insurance world. This is the reason why you need start searching for cheap hgv insurance online. Searching for internet does not mean that you need to be a computer graduate. It is very simple. Follow the simple rules given below and you will find the cheapest hgv insurance policy available in the market.

• Search for a legitimate site, you can do this by browsing certain forums which deal with insurance websites. Many clients provide honest review about websites that deal with insurance policy.

• Once you have a legitimate site log on to the site, you can do it by providing a valid email id. once you log on you can start filling the details required on the site

• The usual detail that needs to be filled is the type of vehicle that you own, the type of goods it carries and the distance it covers. Also you might have to fill in personal details like your profession, your experience in driving the vehicle if you are the driver or fill in the details of the driver.

• Once you have filled in the detail then you are provided with a list of policies which will match your needs as well cover the risks. You can then proceed to read about each and every policy that you are interested in.

• You can also compare various policies online. This way it will help you choose the policy with the cheapest quote.

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Covering Your Business - The Importance of Insuring Your Firm

When first starting out in business it can be a bit of a whirlwind time for many first-time entrepreneurs, especially if they're unaware of the cover they might require to adequately protect their new-born business.

Let's take a look at two types of cover that should definitely be considered when starting out - employers liability and public liability insurance.

Employers' Liability Insurance

Did you know that if you employ any members of staff for your business you are legally required to have an adequate employers' liability insurance policy? There are some exceptions - such as those who employ solely family members, however, even these firms would be well advised to make sure they have some form of liability cover in place. If you're unsure then simply call up an insurance firm and ask.

Employers' liability insurance will cover your business in the event that an employee or ex-employee is injured, becomes sick or even incurs personal property damage as a result of your business operations whilst working for you.

Employers' liability is a vital policy as it will not only cover damages claimed by employees but also covers any legal fees incurred by your business whilst defending the claim, up to a limit agreed with your insurer.

Without an employers' liability insurance policy in place you could be subjected to substantial fines, along with the costs of having to repay any legal fees and damages incurred by the employee or ex-member of staff... this could run up to thousands of pounds and is not something many first-time business owners can afford.

Public Liability Insurance

Unlike employers' liability, public liability insurance is not a legal requirement, however, if your business comes into contact with members of the public - whether clients, visitors or suppliers, it could be a vital asset.

Public liability essentially works in the same way as employers' liability, however, it covers you should a member of the public, such as a customer, get injured, fall ill or incur property damage as a result of your business operations.

Public liability insurance can cover the cost of damages claimed as well as the cost of your legal fees, up to a limit agreed with your insurance firm.

Whilst public liability is not a legal requirement it is a policy that the vast majority of businesses take out. Not only will this liability cover help protect your business financially it will also give anyone you work with peace of mind that you are covered should anything happen.

Did you know that there are many firms, public organisations and even individuals who will not work with you if you do not have public liability cover in place? So if it means the difference between high-profile contracted work and being turned away on the grounds you're not covered - is that really a risk you would want to take?

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Public Liability Insurance for an Electrician

Public Liability Insurance is an insurance policy where a tradesman can insure against any third party injury or any third party property damage that they may cause during the course of their work. Although this is not an insurance that is legally compulsory you will find that most companies are now insisting that this be in place before you can undertake any work for them.

For an electrician there are generally two different types of policies that you can get; one is a standard policy that just covers small electrical jobs whilst the other one includes 3-phase work which is obviously more dangerous work hence why a policy including this is likely to be more expensive and you may find that some companies won't cover that kind of work at all.

An electrician obviously has to go into homes and businesses alike to deal with their electrical equipment and therefore they could either accidentally cause damage to the property they are going in to do the work for example if they were to knock anything over or if they were to accidentally damage any part of the building that they weren't actually doing the work on.

The second part of cover that you can get as an electrician is if whilst doing your job you was to injure any person around you, the most obvious way this can happen is if you leave any tools, leads or toolboxes lying around and someone was to trip over them, they would then hold you responsible for their injuries and this is where the insurance policy would step in and cover you.

There are three levels of cover that you can usually get with this type of insurance starting at one millions pounds worth of cover and rising to either two million or five million. Prices for non 3-phase work start from about fifty pounds per year for the lowest level of cover whereas if you have 3-phase included it will generally be around about eighty pounds for the year, obviously if you were to get higher than the lowest level of cover then you would pay more for this.

When you consider that if something was to go wrong then you could get left paying the costs of any incident where someone may hold you liable then the prices above don't seem so steep to pay once every year compared to a claim that you could get stuck with that could run in to thousands of pounds depending on how serious the incident is.

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Part Time Motor Trade Insurance Is Just As Important As Full Cover

Fixing cars on the weekends or selling cars in the evening runs as high a risk as a full time mechanical workshop or car dealership, this is why part time motor trade insurance is imperative.

Think about it. A customer drops a car with you on Saturday morning. You need to test drive the car to see what's wrong with it and what repairs need to be done, that is the same risk a full time business would need to take.

Having the right cover even if you only carry work out for ten hours a week will make all the difference should an accident happen. Don't despair there are ways you can save money though. You can include you private vehicle and your spouse onto the policy, this way you can cancel your private cover and save yourself some money.

If you have a friend who comes over to help you when they have the time, don't add them as a multiple-driver, the fewer drivers you have the lower the premiums.

In order to qualify for this important protection you need to prove that you have a valid UK or EU driving license. You also need to keep records of all the income you bring in and show that you have a full time job where you pay tax and national insurance through the PAYE system.

If you are fixing cars for family members free of charge or helping friends find the right vehicles to purchase without charging for your time, you will not qualify for this type of cover.

Selling vehicles in the evenings may be your passion. You sit at a desk all day and when you get home you get to interact with people, make sales and enjoy what you do by selling cars from home. Obviously your potential customers are going to want to test drive the vehicle before they purchase, the same as they would from a full time dealership. You need the same protection of a dealership, if not more. Demonstration cover enables customers to drive vehicles without the risk.

Thinking about it if a customer has an accident in a car for sale from a dealership, they are so big they can absorb the loss if they don't have adequate cover. But if this is your passion on weekends, you have already paid out a large sum of money for that vehicle and it would be a tremendous financial loss for you if this happens, but with part time motor trade insurance you can be protected all the way.

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Protect Your Business With Public and Product Liability Insurance

Business insurance is a complex field and small and medium-sized firms need to look into various products such as Public and product liability insurance which can help protect them from different kinds of financial liabilities.

Public Liability

Public and product are two financial tools that are voluntary for businesses but can help a business save a lot of money in future.

Public liability insurance covers a business against claims made against the business by the public, for example in cases where the business is held liable in case of property damage or personal injury. Such insurance includes coverage of legal costs with regard to claims made against the business. Premiums usually depend on the kind of business, the number of employees on rolls and turnover. The problem arises when business try to evaluate the level of protection they require. It is best not to underestimate requirements as the business may end up paying huge amounts as legal fees in case of a large number of liability cases against it.

Product Liability

As for product liability insurance, a manufacturer or supplier of goods can opt for this insurance if there is a possibility that the product could cause any sort of damage to consumers or to property. Small defects can lead to massive claims, so it is quite essential that product manufactures opt for product liability insurance.

When it comes to public and product liability insurance, a business should look for the policy that will guard it against any unforeseen circumstances, indemnity costs etc. Businesses can try to reduce premiums by adopting strict quality control measures beforehand and inform the insurer about the taken measures.

Directors and Officers Liability

Directors and officers is a special kind of insurance meant to protect past and present high level executive officers of non-profit as well as private companies from damages arising from actual or alleged wrongful acts committed in their executive capacities. It provides protection to directors and officers in causes of actual or alleged misstatement, error, and omission, breach of duty or misleading statement. Directors and officers liability insurance is necessary when ever there is a board of directors.

Any private or non-profit company with an advisory committee or corporate board should give serious consideration to this kind of insurance. Directors and officers would want this coverage to protect themselves from claims made by employees, stockholders or clients. Few would want to risk their personal assets in case of liability. Directors and officers liability insurance covers defence expenses as well as settlements and financial damages.

As a business owner or corporate entity, you will realize that the benefits of Public and Products Liability Insurance far outweigh the costs involved. Talk to your insurance provider today!

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