Insurance Info

Fish and chip shops operate in a high risk environment which requires special insurance that covers the deep fish fryer range. Fish and chip shop insurance caters to the needs of this high risk business by providing coverage for store property and contents. A standard home and content policy is not enough to protect the owner, employees and customers as well as the premises and contents of the business. Fish and chip shop insurance should include specific coverage that will protect the owner from losses due to fire, flood, storm, accidental damage and public liability. The following is a description of the different types of coverage that fish and chip shop insurance should provide.

Fire damage is the most common claim with fish and chip shops. Boiling oil, heat and the constant use of electricity create an environment in which fires can easily break out, and turn into explosions if not properly extinguished. The risk associated with deep fish fryers is the main reason that fish and chip shop insurance is necessary. The age of the frying range will be a determining factor in the price of the insurance policy. It is also important to know how often the policy requires professional cleaning of the extraction canopies and duct work, as non-compliance could result in a costly interruption of coverage. The insurance policy should also protect against accidental damage, floods and storms. Continue reading ‘Essential Tips For Buying Fish and Chip Shop Insurance’ »

What is Public liability insurance and why do I need it? Public liability insurance is the insurance that covers any risk of liability that a business may have to pay to a customer if the customer suffers an injury while on the premises. PLI also covers the risk if the business causes damage to a customers property. Public liability insurance will also reimburse the owner for legal charges while defending the business as a result of claims. This coverage of insurance is especially important because if a court does not award any damages, the business owner will still have to pay large legal fees as a result of the claims.

Public liability insurance is a necessity for the business because the fact is that no one can run a business that doesn’t carry some type of risk. A small business cannot ignore the risk factors associated with their particular business. It is the business owner’s responsibility to and legal obligation to compensate the customer for any loss to their property as a result of negligence by your business. Sometimes a claim can go as high as or beyond a million dollars. It is important that a business owner purchase insurance because just one claim could cause the business owner to lose their business and depending on the type of company their personal assets as well. Continue reading ‘What is Public Liability Insurance, and Why Do I Need It?’ »

Public liability insurance broker is in the business of helping a business owner through the process of knowing what they need to know in order to purchase the correct public liability insurance in order to protect their business. In today’s society the first call is made to an attorney When an individual is injured while in a business or on a business property. The owner who carries a public liability insurance policy is covered against such claims.

Public liability insurance will cover claims made against a business and protect the owners, directors, employees from responsibility due to liability incurred from third party personal injuries or damaged property. The public liability insurance broker will walk the business owner through a list of questions which will help put together the best policy for each business based on its needs.

An insurance broker can also help the business owner put together a policy that will include coverage of legal costs incurred while the business owner is defending their business against claims against the business. It is in the best interest of any business who deals with the general public to contact a general liability insurance broker about a quote for a general liability policy for their company. Continue reading ‘Tips For Reviewing Your Public Liability Insurance Broker’ »

Hard to imagine how botox could become a risk to your hotel business, but if a spa operating on your hotel premises is selling botox treatments to your guests, beware. Most hoteliers don’t often connect the dots between their hotel business and the businesses of those vendors who have set up shop on hotel property. But botox, laser treatments, even nail salons doing business independent of your hotel business pose an exposure to lawsuits to your hotel.

With more amenities being heaped on guests and more hotels eager to partner with guest service providers in an attempt to woo said guests, the risks of such partnerships are often overlooked. Service providers such as spas, hair salons, personal trainers, medical services come with their own sets of risks, including the risk to the health and safety of your guests. Consider that if your hotel brochures or in-room promotions of either your establishment or that of the vendors is presented to your guests as additional services, you face liability for nearly any claim waged against the vendors.

In fact, some vendors’ insurance policies may state third-party liability, which could indeed include your hotel, as a responsible party. Let’s not forget the risk to your reputation, your brand, or your daily operations. Hotel guests don’t want to stay in a hotel that promotes spa treatments that can harm or cause their death. Continue reading ‘Botox Woos and Woes in the Hospitality Biz’ »

Most people believe that when they get Public Liability Insurance for their trade then they will be covered no matter what work they do as long as it is work that comes under the heading of their trade. This however is one of the major talking points with this type of insurance as there are always restrictions and endorsements on the policy to limit what you are doing.

The easiest one of these to talk about is the height limit that is generally imposed on quite a lot of policies, as there is a higher chance of serious damage being done the higher up you are working. Especially with trades such as builders there is usually a 10 meter height limit on the policy and therefore if you were to make a claim that resulted from you being higher than this then they would not even consider the claim as you would be breaking the terms of your policy. This is also the same depending on what type of property you mainly work on as you can generally get Public Liability Insurance that specializes in either a general builder or a builder that works on industrial properties which would not be covered under a general builder. Continue reading ‘Public Liability Insurance – Terms and Conditions’ »

When you talk about insurance, you basically talk about protection from risk or ensuring that one is provided adequate measures to address risks. Factors posing danger to an insured individual may come in the form of vehicular accidents, natural disasters, illness or any other condition that compromises the welfare of the policy holder. This can be taken care of either by a self-insured medical plan or a group policy. In some cases, properties are insured and risks can likewise come in a variety of ways. Insuring business entities, however, can be a more serious type of coverage and is definitely more expensive as well. You are simply not responsible for your company and your staff but also for those that will have something to do with your business one way or another.

Yes, when you talk about insuring a business, you talk about risks that could be far greater than any other type there are in the world of insurance. This brings to mind the issue of liability which covers situations not just as a direct result of the conduct of business but also as a side effect of the act. This will touch on a lot of possibilities such when an error committed by manufacturing personnel causes unwanted effects on a consumer. These possibilities are, of course, very hard to foresee and this is why Liability Insurance, whether professional or general, is crucial if you want to ensure protection for your business. Continue reading ‘Corporate Insurance – General Or Professional Liability?’ »

An area being talked a lot about at the moment is Public Liability Insurance and for those of you that don’t understand or know about it, I will provide a brief explanation for you. Public Liability Insurance is cover for tradesman to protect them in the course of their daily work for any Third Party Property Damage or Third Party Injury that they may cause whilst undertaking their job.

Now the explanation is out of the way I will try to explain exactly what this Insurance can cover you for and why tradesman need it whilst they work. First of all I would like to make it clear that this type of insurance is not legally compulsory and is therefore something that can be overlooked by many. However, with the cover that it provides, more and more people are insisting that anybody who works on their property are fully covered by this so that if something bad was to happen, they know that they will be able to claim back on the tradesman’s Public Liability Insurance. Also if you are going to work on a building site then the head contractor will usually insist that you cannot work or be paid until there is an insurance policy in place. Continue reading ‘Why Do Tradesman Need Public Liability Insurance?’ »

Employers Liability Insurance is an add-on to a Public Liability Insurance policy and can not be bought separately on its own. However, unlike Public Liability Insurance which is not legally required, if you have employees or are directly employing them as a labour only sub contractor, then by law you have to have Employers Liability Insurance.

The main reason for this insurance is to protect the employer from being sued or held liable should any of their employees suffer any injury, illness or in the worst case death whilst they are working under their direction. Hence why this type of Insurance is deemed to be a legally required one and has a claim limit of £10,000,000 as some of the scenarios that could happen means the claims could run into millions of pounds quite easily. Continue reading ‘Employers Liability Insurance – What is it and Why Do You Need It?’ »

United Kingdom has adopted many laws that are still considered impossible by other countries. In fact, British are known for their rule of law and a serious effort by successive governments to ensure its supremacy over every citizen of the UK. The Financial Services Authority or FSA oversees insurance policies in the UK.

Among the different versions and types of insurance policies in the UK, landlords’ insurance is considered as one of the best ways to ensure protection of property owners from natural and fabricated disasters. Following is a brief introduction of landlords’ insurance and its significance in the property market.

Importance

Landlords insurance is necessary for those people who have rented out their properties to tenants. In this case, they are not eligible to apply for homeowners insurance, as they are not physically living in the house. In case of any property damage, they would not be able to claim any damages from an insurance company.

UK insurance companies have introduced landlords insurance for these people to help them in getting compensation and damage claims in case of any disaster at their properties. Any damage done by the tenants, including serious property vandalisation, is also covered under most landlords insurance companies. Continue reading ‘Landlords Insurance Explained’ »

It is understood that owners of let property require a unique level of cover.

The following paragraphs highlight the features and benefits that you might well expect to find in a landlord insurance policy. In many cases these features are not covered in standard household insurance policies.

Multi property cover: The ability to cover multiple properties under one policy. 90 day cover: Full cover for up to 90 days if properties are furnished but unoccupied between lets or before the start of the first let.

Legal expense cover: To assist with the costs that might arise following disputes with tenants; to defend legal action that might be taken against a landlord by tenants; or to evict squatters.

Legal expenses cover can also include cover for costs involved in staying in alternative accommodation. Continue reading ‘Buying Landlord Insurance For Buy to Let Property’ »