If you own a commercial truck or operate a business in which commercial truck fleets are used to transport goods and products, then you will want to ensure that each vehicle in your fleet is covered under some type of truck insurance. Commercial truck insurance will help protect you against accident damages and any damages that may occur to your cargo. This is extremely important given the fact that sometimes the cargo inside a truck may be...more
One niche in the field of insurance that is of special interest to business owners is that of truck insurance. There are many companies in the United Kingdom that are able to offer policies for anything, from an individual vehicle to a fleet of any size, and which can be designed to also cover other types of vehicle (not only trucks) under one policy. These policies may then be further fine tuned to include your business premises and their...more
If you need to have a heavy vehicle for your work, you are probably looking for many things that will be able to provide you everything you want that can help you. Thinking of all the different features you will need might make you forget about insurance. Truck insurance, though, is a very important step for you. As with every insurance, one of the most important things that you will need is certainly to have everything covered. And by everything, we mean everything that affects you. The insurance company will ask you some questions that might seem irrelevant to you, but they are not. You should know that you have to give all your data and information and it is always better to stay as close to the truth as possible. This will help the company create a profile for you and estimate the dangers that you face and need to be protected from. Questions that are relevant to the neighbourhood you live in, for example, should be expected. These questions target your needs. If you have just moved in a new neighbourhood for instance, you might not have all the information you need to answer them. Then the company can provide some data and you can discuss things from the beginning. The most...more
It is good to have the entrepreneurial drive and the courage to start your own heavy commercial trucking business. The task is a challenging one and involves putting in place a number of elements that are vital to its success. So while you may have the necessary licenses, manpower, premises, vehicles and finance all tied up, you must not neglect...more
How Does Death Insurance Work? Death insurance is not the same as life insurance because of some very distinct terms to it. It is also known as accidental death insurance and can sometimes cover dismemberment if the client wants to have it included in the policy. Life insurance pays off no matter what the reason of death is in most cases...more
An insurance contract is a contract under which one party (the insurer) accepts signicant insurance risk from another party (the policyholder) by agreeing to compensate the policyholder if a specied uncertain future event (the insured event) adversely affects the policyholder. Insurance risk does not include nancial risk (eg risk of changes in market prices or interest rates).IFRS 4 has been issued as a short-term measure to ll a gap in IFRSs. In the absence of IFRS 4, entities would be required to account for insurance contracts following precedents in other standards, and the denitions, recognition criteria and measurement concepts for assets, liabilities, income and expenses in the Framework for the Preparation and Presentation of Financial Statements. For most entities, applying those precedents and the Framework could have resulted in substantial changes in accounting.In most respects, IFRS 4 allows an entity to continue to account for insurance contracts under its previous accounting policies. However, the standard makes some limited improvements to accounting for insurance contracts :Catastrophe provisions and equalisation provisions are not permitted.They are not...more
Common Insurance Schemes: A Know-How To Avoid Becoming a VictimInsist on delivery of documents within 30 days of the application.Call the company yourself to confirm coverage.Read the documents you receive and ask questions. Make agents and...more
If you have been reached at the point of phase, when it is essential to transfer your things and that also at some different place then you might be going for a moving truck rental or moving services that can transfer your domestic things from one...more
After youve bought your first new truck, what should be the next best thing to do? Yes, right. It is time for you to find the right dump truck insurance company. You may think that you are the slowest and safest driver in the world but you can never...more
An Insurance Coverage Story Which Has A Difference Anywhere you look, you see insurance adverts. Half the time you answer your phone, its some poor call centre person trying to sell you an insurance plan. You have it shoved in your face each...more
Towing Business' Missing Coverage With the convenience of the internet and insurance companies broadening their markets many tow truck business owners are finding themselves in a position of great exposure to their businesses. By working...more
Commercial Vehicle Company was informed from the JAC, the first quarter of this year, commercial vehicle sales reached 62,500 JAC, including light truck sales of 53,000, an increase of more than 70%. It should be noted that the current Japanese JAC...more