Insurance is an agreement between the two parties- insurer and insured wherein insurer agrees to compensate insured in the event of any contingency and insured pay premium in turn to attain these benefits. Insurance coverage depends on type of insurance bought and various plans associated with different types of insurance. Insurance is a legal binding by law. Every insurance provides dual benefits of safety and savings. An insurance policy...more
Qdos are a popular, recommended and highly reputable provider of quality insurance products and are renowned expert advisors to UK contractors. Covering a vast array of business sectors from IT contractors to Oil and Gas workers, Qdos Contractor's popular choice of contractor policies are designed specifically with contractors in mind and tailored explicitly for the potential outcomes of UK independent professionals.There are a large number of...more
Contractor insurance is a vital commodity for any UK contractor, their professional position requiring adequate protection against potentially devastating financial outcomes. Contractor insurance policies are adept products designed for a number of eventualities and are a good example of specifically designed small business insurance.Contractors are individuals who provide their professional services through limited companies on contract bases hired by larger firms. Unlike regular employees, contractors work for themselves, and this fact is something that can create both advantages and certain disadvantages on the contractor. Being self-employed, contractors are not employed by the company that they may be working for, and thus losing out on the many benefits and 'perks' that come with being in employment. These advantages could range from sick pay and holidays to necessary protection insurance.The fact that contractors are not covered by any overhanging insurance umbrella means that they are very vulnerable when it comes to potential financial loss due to accident or error. Because of this, a large number of tailor made contractor insurance products exist, to protect, indemnify...more
A life insurance policy tends to extend security upon sudden tragic death. But aside from this purpose, some types of policies are also regarded as investments. Lots of life plans that increase a return over time, which the holder can obtain, borrow by means of loans or be granted to another person or any charity. Unlike a term life insurance...more
The importance of contractor insurance for modern UK contractors within the current business climate is vast. Insurance is vital in any walks of life, and this is no different to that of the business sphere and professional field. Business insurance differs from large umbrella policies to smaller contractor insurances, and each policy is vital in...more
PI Insurance is the name given to the very popular and highly beneficial contractor insurance policy, professional indemnity insurance. PI Insurance is an effective form of contractor protection and is required in almost every sector of the contracting profession.The benefits of PI Insurance are huge, the policy providing secure cover in its area of indemnity. PI Insurance is an advantageous policy for contractors, its initial purpose being to cover the policy holder against any claims of negligence made against them as a result of their error, omission or negligence. This is hugely important to contractors, as some work within areas of business that are considered 'high risk'. Because of this, the potential to cause error may be high thus the potential to make a client incur financial loss is also high. If a contractor was to make a client incur financial loss due to their professional error, then the contractor would no doubt face liability claims of substantial amounts.The PI policy acts as a safeguard to the scenario of a client taking out a claim of liability against the contractor, covering the policy holder financially in this case. PI Insurance is hugely effective in these...more
Business owners know the importance of cash flow. Without cash flow it is virtually impossible to run a successful business. Cash flow is the amount of cash in and out of your business every month. When you have too little, it can even cause a...more
Employment agencies provide temporary workers to businesses of all types. For the benefit of both safety and employee moral, temporary staff members should be held to the same standards as permanent staff, and treated with the same degree of respect...more
The organization which is known for valuing honesty, integrity, responsiveness, competence and both personal and corporate responsibility GASPAR INSURANCE SERVICES is one of the leading Insurance companies of the world. The service Organisation...more
RNCOS has recently added a new Market Research Report titled, Sri Lankan Insurance Industry Analysis to its report gallery. Sri Lanka insurance industry is witnessing a strong growth inclination over the past few years on the back of growing...more
As the economy slowly continues to turn, small business owners across the country remain concerned about controlling costs and minimizing risks. Now more than ever, small business decision-makers must continuously evaluate cost structures and work to...more
Payment protection insurance or PPI is an umbrella term for policies related to payment protection for loan, income or mortgage payment. It was developed to provide repayment cover for people who are unable to do so due to illness, accident or...more