If you're self employed, the law regarding most industries is that you take out liability insurance on yourself, whether you employ others or not. Self employed liability insurance works differently from other forms of insurance, protecting you against accusations of slander and libel. This is the most basic coverage you can get. Professional liability insurance coverage, on the other hand, protects you against law suits, and the protection...more
Understand the Exclusions of Your General Liability Insurance Policy – Don't Be Left Uncovered There's a lot of peace of mind that comes from knowing your small business is insured. But it is important to understand your business's risks and what the various types of business liability insurance are intended to cover.For example, understanding what general liability insurance is not intended to cover is just as important...more
A new light on liability insurance I was researching on the different types of insurance such as medical insurance and I came upon liability insurance. I wasn't really sure I knew much about it so I dug deeper.Business liability insurance is actually a protection for your business from lawsuits or property damages. The liability coverage insurance takes care of the damages and the legal costs. But liability insurances come in different forms and you can purchase any one of them or all of them if they fit your business needs:General Liability Insurance- The general liability insurance coverage is the main coverage for any type of business. It offers protection from injury claims, advertising claims and property damages. But as part of the general liability insurance cost, there is a maximum limit that they're willing to pay. The rest will have to be shouldered by the company.Professional liability insurance- This type of insurance is best for businesses that offer services. This is also called errors and omissions liability insurance which protects the business against malpractice, errors, omissions and negligence.Product...more
Business Liability Insurance plans will be essential to preserving the long term future within your business. While this can appear to be a clear-cut, totally obvious fact, numerous businesses nowadays are attempting to spend less cash, and as a result of this decision they determine to postpone their Business Liability insurance protection.To put...more
According to Bob Dylan in 1964, The Times, They Are-a-Changin'. Looking back at the 1960s, it was very innocent, but some important markers were laid down that have slowly build into our modern society. This included the recognition there were times when individual liberty had to be sacrificed for the greater good. A surprising number of...more
What Is Public Liability Insurance And Why Do I Need It? Public liability insurance is not compulsory for most businesses in the UK, but most organisations have it in place and there are many reasons why this is a sensible idea. The main purpose of this type of insurance is to protect the business against claims for damage to third party individuals or property belonging to third parties. By third parties we just mean people who are not your employees and property or equipment that belongs to someone other than you or your company. There are some businesses who may not need this type of cover, but they are very much in the minority. If you are self employed and work from home without ever going onto a client's property and never inviting clients into yours, then you probably do not need it. If you carry out work on other premises, go visiting customers or have people on your own premises, then there is a case for having some sort of basic cover in place. If you regularly go onto other people's property to carry out your work, it would be unwise not to have some form of public liability insurance in place. There are countless ways that you could easily be involved...more
Combined liability insurance - why are prices increasing? When we talk about commercial insurance, there are two main types of cover, for liabilities and property. Certain types of business may choose to obtain cover for commercial liability...more
Self employed liability insurance is an important investment used to protect your business when you work as an independent contractor. The puzzling maze of insurance plans and policies can at times be a little difficult to navigate. It is essential...more
If you are professional offering services or professional advice, chances are you should consider investing in errors and omissions insurance. Also, referred to as professional liability insurance, e&o policies are designed to cover liability claims...more
Your Soft-Spoken Voice Is Not an Asset - It Is a Liability! Speaking in a normal volume of sound can be especially tricky for the soft-spoken. If you are asked to repeat yourself or are often interrupted, then you should consider remedying...more
Office Insurance - Comfort At A Minimal Price Yesterday evening I was watching certainly one of my favourite "soapies" on television and the story went something like this: One of the individuals who's known to be the bad-guy (or in this...more
Insurance can be defined an assurance of a compensation for losses in the future, against a set of payments called premiums. These days more and more companies are getting insurance of various kinds done in order to save them from losses and unwanted...more