One of the most important investments that a business owner must make is a commercial insurance policy. This helps protect a business against potential losses in the form of damage, theft, and claims made against the business. In addition, it provides protection to the employees as well. In the UK it is mandatory for commercial establishments to obtain adequate employers' liability insurance, which can be combined with other policies in a...more
Motor trade insurance is mandatory for mechanics, garage owners, MOT test centres, and car dealers in the UK. This type of insurance protects against accidents, theft, and provides liability cover as well. Businesses that are related with the motor trade are required to hold a motor trade insurance policy. Most insurance companies offer customised policies that are specific to a business' needs. The two basic categories of motor trade...more
If you are in the motor trade business then it is your responsibility to make sure that the business is adequately protected through motor trade insurance cover. If this is not done, then any damage to your vehicle while plying your business would have to be rectified by you spending money out of your pocket unless you want to be one of those who tries to cheat the system and makes a fraudulent claim. That is surely not an alternative that you would want to even consider.Indeed, such frauds are on the increase and are of worry to the insurance companies. The modus operandi is to effect a collision at the rear by the insured person and claim the money through the motor trade policy. The other kind of fraud is to blatantly increase the claim amount by showing damage that is exaggerated.The reason such frauds are on the increase is due to the fact that the motor trade insurance policy covers repair as well as replacement of any parts and provides funds to rectify any damage caused to the body of the vehicle as well. This tempts the policy owners to collect money through the claim for damage that has not happened or is exaggerated so that they can pocket the excess cash.Many cases...more
Reclaim your mis-sold payment protection insurance The payment protection insurance (PPI) is a tool devised to provide some sort of security to the lender against his/her loan amount in terms of curbing the unforeseen uncertainty. The delicate financial condition of the economy has given a push to the use of this insurance policy as the...more
Medigap Insurers: How and Where to Find a Medigap Insurance Company For these gaps in service, there are Medigap plans available through various insurance providers to help these seniors cover these expenses more efficiently and without having to overextend their budgets in a time of medical crisis. These plans range typically from A-K, with...more
IPOs from insurance companies soon! Investors' in the current fiscal year may find Initial Public Offerings (IPOs) from leading private life insurance companies such as SBI Life Insurance, HDFC Standard Life, Reliance Life Insurance and ICICI Prudential Life Insurance. The insurance regulator - IRDA (Insurance Regulatory and Development Authority), and the capital market regulator "SEBI (Securities and Exchange Board of India) have resumed the process of listing insurance companies and necessary guidelines are under preparation. In order to prepare the final draft on the valuation method to be adopted, the insurance regulator has already restarted consultations with SEBI. Moreover, to provide transparency to investors', disclosure norms for life insurance companies intending to list, are also in the final stage of finalisation and are likely to be released by the end of July 2010. As per the existing guidelines, for an insurance company to list on the stock exchange, it is required to be operational for at least 10 years before listing. It was only last year that the Government mooted a proposal to allow insurance companies to tap the equity markets after operating for 5...more
Why every company needs business insurance Businesses in Britain are so diverse that it's often hard to find one single piece of advice that affects every company, regardless of the type of business or the industry they operate within....more
Insurance has become a common word in every household and company. This is because it has become essential to have insurance to protect ourselves from the financial loses or from the difficult situations. Insurance is a policy signed by the two...more
An aviary air purifier needs to offer continuous filtration while being safe for birds and humans. The following 8 features are must haves if your cleaner is to be effective.1. Easy Maintenance--Choose a purifier that can simply be plugged in and...more
Using Insurance for Rehab Treatment Fast paced life, uncertain job timings, junk food, competition, personal grudges, unhappy family life, and the like lead to one of the greatest problems of modern life – Stress. Stress, in turn, leads to...more
The smartest leaders of many professions have errors and omissions insurance, because let's face it: Everyone makes mistakes. Unfortunately, in today's litigious world, a simple mistake can wind up costing a company everything it owns.This kind of...more
Get Peace of Mind on an Adventure Holiday with Sports Insurance Adventure holidays are big business these days. It's no longer enough to pack the family off to some seaside resort for a week and pick cockles: in the frantic rush of the 21st...more