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insurance tips

Business

What Is The Difference Between General And Professional Liability Insurance?

Typically an insurance is based on protecting a person from particular risks. This would include anything from disasters to theft and property damages, etc. Still when it comes to business, the kind of risk is far more significant and costly too, because under this circumstance, not only are you responsible for your own business and employees but also for the people with whom you do business. A general liability insurance covers these risks and protects your company from the sudden financial crisis. Professional liability insurance also covers those same risks but is more specific to certain professional fields.

Here are a few pointers that would help you understand these policies.

What is Professional Liability Insurance?

The professional liability insurance is also a policy that focuses specifically on the lawsuits that stem from your professional services. Though this policy is particularly important for service providers, most small-business owners can benefit from its coverage as well. That’s because Professional Liability Insurance covers you from third-party lawsuits that assert that you:

1. Provided negligent professional services
2. Failed to keep contractual expectation
3. Provided incomplete or inferior work
4. Made flaws in services

September 25, 2015

Investing

Save Money With UK Landlord Insurance

Investment properties need to be protected with landlord insurance. As an investor, your standard home or building insurance will not protect you against any damage caused by your tenant. Just like with any other type of insurance that you acquire, it is important to be aware of the policy you choose and the coverage you are entitled to.

What to Expect from your Policy

Knowing what your insurance policy entails can save you significant amounts of money in the long run if you have a claim to make. There are various items that will be covered by landlord insurance and these include damage. Your policy will provide coverage for intentional destruction of property that is carried out by your tenants or their visitors.
The policy will make it possible for you to be reimbursed for rent that is not paid and further cater for the costs that arise from evicting tenants who do not want to pay their rent. Liability coverage refers to coverage for tenants or their visitors who may be physically injured while on the property because of a problem that puts them in harm’s way.
You also need coverage to protect you from theft and for additional protection of your personal items that are within the building or property. While one might think that every landlord would automatically take out insurance for their investment, it is surprising to note that some landlords still rely solely on other types of insurance.

February 17, 2015

Money Saving Tips

Tips To Save On Courier Insurance

Courier insurance isn’t cheap and, when you look at the risks faced by courier drivers every day, you can understand why insurance providers feel the need to make courier insurance premiums one of the highest motor insurance packages.

Transporting goods almost always comes with abiding to a very strict time schedule which can be cut very fine if the roads busy. This, along with many hours spent on the road with numerous stops and sometimes during the night, is why insurers consider courier drivers a high risk.

Fortunately, there are ways that courier drivers can cut the cost of their cover while still remaining fully protected when going about their daily work. It’s well worth investigating different options if you’re involved in a courier business in any way and more often than not it is in the smaller details that there are savings to be had.

Tips to save on courier insurance

Promote your good claims history: Courier insurance brokers are always pleased with drivers who have a clean driving record as they instantly know you can be considered less of a risk than a driver who has past convictions. If this fails to get you a small discount from the start, you become eligible for a courier No Claims Bonus after a few years if you remain accident-free and will be appropriately rewarded with discounted premiums.

January 19, 2015

General

How To Find The Best Insurance Broker

If you’re someone who is currently looking for an insurance broker, this means that you’re in search of the kind of insurance agent who works independently with numerous insurance companies in order to find just what their clients need.

Being that insurance brokers tend to play a significant role in the type of coverage that you get and how much you will end up paying for it, it’s important that you know the steps that you should take in order to find the one that is just right for you.

If you’d like a few tips that can help you choose the best insurance broker, here are five things to consider before making your final selection.

Keep in mind what to look for in a broker. There are several reasons why it’s beneficial for you to work with an insurance broker. For one thing, they have the reputation for finding you coverage at a cheaper price than what you would pay if you were to work directly with an insurance company on your own. Secondly, insurance brokers are able to reduce the amount of time that it takes to find the right coverage due to the fact that they are experienced in the insurance field. And finally, being that they are highly-knowledgeable when it comes to different types of coverage, you can be rest assured that they will provide you with the kind of policy that is just right for you. So when you’re on your search for a broker, be sure to keep their job description in mind. Money and time savings along with thorough coverage are what a reputable insurance broker provides.

January 8, 2015

General

How Are Life Insurance Rates Determined?

If you’ve gotten insurance policies in the past, you are no doubt aware that a number of factors are taken into consideration when determining your rates. Homeowners insurance, for example, may be based on the value of your home, the crime rates in your area, and the deductible you select. Auto insurance could be calculated by looking at the car you own, your driving history, and even the number of miles you put on your vehicle in a year. So it should come as no surprise that the rates attached to your life insurance policy will be determined based on a variety of input. But you may not be aware of exactly what insurance providers are interested in and how they come up with a number for your particular policy. Here are just a few of the factors they consider and how they could affect your life insurance rates.

Age
Your age will play a major role in the cost of your life insurance policy, and unfortunately, there’s not much you can do about it. Just like taxes, death is inevitable, and the longer you live, the greater the odds you will die. Luckily, you can lock in low rates for life insurance by selecting a whole life policy when you’re young and sticking with it. The younger you are when you secure your policy, the lower your cost will be. Just make sure to pick a policy that has rates locked in.

September 7, 2014

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