As a small business owner, there will be a number of business insurances that you will consider getting, from professional indemnity insurance to private healthcare insurance. Another type of business insurance you might consider getting is Keyman insurance, also known as Key person insurance.[continue reading…]
Given the number of potential misfortunes a typical limited company owner may encounter during the lifetime of a business, it will come as little surprise that insurance companies can provide dozens of different types of policy to cover pretty much any eventuality.
In the latest research carried out by PolicyBee, it was found that small businesses are quite perplexed with Professional Indemnity Insurance and it causes quite the confusion. This confusion and lack of understanding resulted in around 40% of respondents not getting a professional indemnity cover, leaving them exposed.
In a recent study carried out by insurance provider Qdos, it was found that self-employed are exposed to financial risk, as they avoid getting insurance cover. There are numerous reasons for this, from business owners thinking they don’t need it to them still being in the process of considering it.
If you search for health and safety procedures online, it looks like an absolute minefield. In reality, it is pretty easy to get to grips with. The Health and Safety at Work Act 1974 is a piece of legislation and guidelines put into place to protect your employees, customers, visitors to your premises and you from harm.
Do you know that there are thousands of uninsured business vehicles driven on the UK roads? In the majority of cases this is simply because many people are still unsure of what counts as business use. As a new business owner, it can be tricky to choose which type of policy is best for your particular needs, especially if it’s your first time taking out a specific kind of policy.
As Brits, weather is not usually on our side. However, when you run a business and are faced with severe weather conditions such as several inches of snow, there are only certain things you can do. There are a few ways of mitigating the effects of bad weather on businesses, and of course they will vary. If you are a blogger, you might work from home and snow may have minimal effect on your day to day business. On the other hand, if you run a coffee shop on a high-street, then getting customers and staff through the door will pose a challenge.
Professional indemnity insurance will protect you against claims made by past or present clients as a result of mistakes you may have made while carrying out your work.
Most limited companies and self-employed people have some type of insurance cover in place. In this article, we look at which business insurance expenses can be legitimately claimed against your firm’s profits.
D&O insurance will cover company officers and directors against claims for negligence, or breach of trust or care made by shareholders, employees, organisations or regulatory bodies.