Many people who own a small business are under the impression they don't really need to have their business insured. Unfortunately, many who feel this way do so simply because they've been misinformed.One common misconception is that insurance costs too much, and yet a little bit of online research shows that this is simply not the case. To the contrary, if you own a business in the UK, insurance cover can be obtained at a very reasonable...more
In this day and age, the internet is the connecting tissue for the entire world. You can now do business with people half a continent away with the touch of a button. The world has indeed become a small place after all and this is good news for many in the business world.Nevertheless, for all the great things the internet has done for a global economy there are also many threats that come down the super highway. You may need insurance that covers...more
Regardless of what type of business you have you will need several different types of insurance. Employees may need to be covered for injuries on the job and you will have to insure your business against losses caused by your employees, and these are just a couple examples of what you need to carry.What kind of insurance do you need? This will depend a good deal on the business you are running and the circumstances you are in.Product Liability:If you manufacture a product, you will be required to insure against damage to the general public or anyone else who uses the product. For instance if you create software which you sell to computer or gaming companies and that software causes a hardware malfunction your company could be liable for damages.This liability could carry over to the general public even if you provide your product to a third party who in turn sells it on the open market. Think of it as malpractice business insurance, if your product causes harm your company could be expected to make compensation.Buildings and Facilities:One often overlooked form of business insurance is coverage that affects your structures and equipment. A fire or other disaster could end your...more
Irrespective of what type of business you run, the chances are you've invested a large amount of money in getting it set up.Apart from all the assets you've acquired, you may even own the actual premises as well, which in turn means an even larger investment, and as such, it only makes sense that you'd want to have peace of mind in knowing your...more
If you own a business, then you've no doubt experienced first hand just how challenging it can be, particularly in the current economic climate.Admittedly, some businesses have been hit harder than others by the financial crisis, but even those which have managed to escape relatively unscathed would have undoubtedly faced several challenges from a...more
If you enjoy being a business owner or working at a high level within an organisation then you probably already know how important insurance is to your continued success. There are many expenses that come along with running a business and the temptation is to find places where you can cut those costs, do not make the mistake of cutting the budget in the insurance department.Potential Claims:An uninsured or under insured business is vulnerable to all kinds of litigation. Having the proper amount of business insurance can mean the difference between a minor inconvenience and complete business failure. Society has become increasing litigious and solicitors who offer to take on cases on contingency basis have increased the chances that your business will face at least one claim, bogus or otherwise.Your first area of concern when it comes to insurance is public liability. Any time you produce a product or offer a service there is a chance that someone in the public could be injured. A poorly constructed car for example could cost a company millions in damages, as Toyota may well discover, but even if you are simply cleaning carpets there is still a chance injuries could occur. The...more
Public liability insurance or PLI is an insurance policy that's best to have when you have a small business. PLI is essential at the time when person got hurt in your business site. Other types of losses can be property loss or damage. Places like...more
Your house is very important to you, and you need to be able to obtain the proper insurance for it and your possessions as well. However, getting the best cover doesn't mean that you have to sell an organ to get it. By following some easy tips, it is...more
Insurance Agency SEOToday, for most agencies, SEO generated leads are probably not going to make or break your business – but insurance agency SEO should have a prominent place in your insurance marketing strategy moving forward. The longer you...more
Why Purchase Insurance OnlineIf you are just starting to look for car insurance, you know there are a few ways to do it. The most tried and true way in generations past has been to rifle through the yellow pages and call every insurance agent in the...more
Top Insurance Benefits You NeedIt is no secret that the insurance game can be a very expensive one, as it is one of the most lucrative industries in the world today. When it comes to car insurance however, it can be difficult to decide what insurance...more