Authorisation of the Insurer in the United Kingdom An insurance company carrying on the business of insurance in the United Kingdom must be authorised by the Department of Trade and Industry under Sections 2 and 3 of the Insurance Companies Act 1982 ("the Act") and the Insurance Companies Regulations (1981). "Carrying on insurance business" would extend beyond simply underwriting, to cover running off the account and paying claims.We do...more
Medigap Insurance Plans - What Do They Cover? There are several Medigap plans that cover a variety of aspects. They are lettered A by means of L. Medigap plan A covers hospital coinsurance. This is for days 61-90 as well as days 91-150 in the hospital. It also covers part B coinsurance, such as doctor's services, laboratory and x-ray services, as well as hospital outpatient services. Hospital coinsurance is covered by plans A through L....more
When you look to obtain a business insurance quote you will either be asked to declare certain information or complete a proposal form. This information will be used to provide you with a quotation and should you choose to accept the quote and incept an insurance policy, this information will form the basis of the policy that is taken out. It is a two way street between you, the business owner and the commercial insurer. You declare information, including sums insured's, values, security and construction details and an insurer then provides a contract of insurance which outlines their obligations to you, usually financial or re-instatement, in the event of an insured peril operating. This will also apply, in a business sense, to commercial property owners insurance. For many businesses nowadays, their insurance will define the types of security that needs to be in place. Usually, depending on the amount of stock and it's theft attractiveness and/or the value of other contents (such as business computers), you will be required to have an intruder alarm. Now, we are not intruder alarm or security experts. But you can appreciate that "intruder alarm", could mean anything from a top of...more
There are many cheap HGV insurance quotes There has been a rise in the number of accidents involving HGV or heavy goods vehicles, many of which have occurred on days when it has been rainy or foggy. HGV insurance is therefore essential for HGV owners for this reason among many others to ensure that their vehicle is safely covered.It is a...more
Contact Insurance - Consideration, Fronting Generally, consideration is not an issue which will concern the parties to ARPI. The premium passes from the assured and the insurer agrees to provide cover according to the terms of the policy. However, there are some exceptions.FrontingOn occasions, consideration may not be apparent on the face...more
Are you going to live forever? Of course not. As someone once said, life is terminal and no one gets out alive. Most of us understand that and have accepted it. We all want to leave this world with our financial affairs in good order. So we draft a will and an estate plan, and we purchase life insurance. But few of us consider disability insurance the coverage that can help us maintain our income and quality of life while we are alive.Do you think you dont need disability coverage? Think again. What are the chances that you will be disabled at some point in your life? Statistically, the chances are much higher than you might expect. Statistics show that people in their 30s are three times more likely to suffer a long-term disability than they are to die. A recent study showed that a 20-year-old workers chance of suffering a disability prior to retirement was 3 in 10! While the bulk of those disabled may suffer their disability for about five years, approximately 30% of disabilities are permanent.A fate worse than death? In financial terms, maybe. Consider this when you die, your income stops. But so do your expenses. If you are severely disabled and cannot work, your income...more
Only a few motorbikes are considered precious and are treasured by the owners for a long period of time. These bikes should be protected from the dangers of the roads and other mishaps and so many insurance companies have introduced classic bike...more
You always want the best when it comes to your business. In very detail involving the operation, quality control is strictly adhered to in order for you to achieve the ultimate profit. This is very true especially when you are in the trucking...more
Contents Insurance For Tenants - How to Find a Cheap Policy Contents insurance for tenants has assumed importance in recent years because of the rising factor of insecurities in our lives such as personnel bankruptcy, robberies, natural...more
Motor Insurance – Why You need It At this point, majority of the car owners already have their own car insurance. This is also known as motor insurance. They are aware that it is important to invest money which they can use if in case they...more
Find The Best Florida SR22 Insurance For Your Situation Most individuals outside the state of Florida are unaware of Florida SR22 Insurance and the role which it plays with regards to drivers safety. In fact, many Florida residents are...more
Water damage is one of the most common reasons for insurance claims, not only because of the extensive damage it can cause but also because there are so many different possible causes that can lead to it; anything from a toilet overflow to a...more