Shop insurance for your brand new venture

When you are looking to set up your own business, you need to make sure that you have looked into all the different types of insurance policies that you may need to take out to protect not only your own assets, but also any stock inside the shop, as well as employees and members of the public who may venture inside your shop to browse stock. Accidents are never planned and also never welcome inside of a shop, but they do happen. In the event of an accident happening you need to make sure you have the insurance policies in place to protect you from any claims (lots of good information available at

In the current economical climate, there is a great emphasis on the amount of people who want to claim from companies because of an accident that may have happened. They want to claim compensation against the companies so they can get some extra money and possibly take some time off work with injuries too. It is because of these people looking to claim from many different things, that you need to make sure that you are protected by your insurance policies. The most important insurance policies that you will need to take out are the public liability insurance and the employer’s liability insurance policies. These are the policies that protect you from having someone make a claim directly against you.

The public liability insurance covers any member of the public who may walk into your shop. There are a number of accidents that can happen to people inside a shop, such as a wire running along the floor for a vacuum cleaner that has not been marked, or a water spillage that has not been properly cleaned up with a wet floor sign displayed. These kinds of things are what can lead people to trip up and potentially injure themselves whilst inside your shop, and because it is ultimately your fault that these things have happened, it is on you that the claim will lie. The public liability insurance will protect you from having to pay any potential compensation yourself, as it will come from the insurance policy. The claim could be any amount of money, more than likely more money that you could personally pay to the victim, so it is important you have taken out this insurance.

Employer’s liability insurance covers any member of staff that may work for you against any accident happening in the workplace. A number of them are similar accidents to those that a member of the public may face; such as tripping or falling over an obstacle that has not been properly marked out and falling leading to injuries. These injuries may well stop you from being able to work, as well as function easily in day to day life, so the insurance company will have to pay out for this instead. This is one of the more important insurance policies that you need to take out as it is one where a lot of the blame can be laid on you, and a lot of money can be claimed in compensation.

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Don’t risk it – make sure your café has the right insurance

When you are starting a business, no matter what it is, you have to make sure that you have thought through absolutely everything. Especially all of the legalities and loopholes that you might possibly fall into. One of the things that you need to be absolutely certain about is the procedure for any accidents that might take place in your workplace, which leads into the insurance you may need. One type of business you may own and run could be a café. It does not need to be a big café, or even one that gets a lot of customers and business; but you still need to make sure you have the suitable café insurance (you can do this online at

There are several reasons why you may need insurance for your business. Actually no, there are several reasons why you definitely need insurance for your business. When you have people working for you; your staff; they ultimately should be properly trained in every aspect of the business. Only when they have been properly trained, and signed off in a contractual form, does it become apparent that no blame can lie on you if one of them should have an accident. However; this process is extremely long and strenuous, and will more than likely feature some loopholes somewhere along, which means that should an accident happen in your café to one of your members of staff; they may be able to claim compensation from you. If you do not have the correct insurance for your café or business, then this means that you will have to pay for the compensation yourself – which has the potential to take your possessions into account and close down your business.

The easiest way to avoid getting a claim directed at you is to have café insurance for your business. Not only for the customers but for your staff too. There are two types of insurance that you should have for your café. These are public liability insurance – which covers anything that may happen to a member of the public inside your café. And employers liability insurance – which covers your members of staff against possible accidents that can happen in the workplace that could have been properly avoided.

Public liability insurance is made to cover and possible accidents that could happen in the service area of your café. There are a number of things that could fall under this; the most common ones are when people slip over on a spillage of a liquid and hurt themselves, and potential accidents made by the staff, such as dropping a cup of coffee and scalding someone. All of these can easily be avoided by following the correct procedures inside the business; such as leaving a wet floor sign out until it is completely mopped up and dried, and not carrying too much of the hot liquids around where people are sitting. Accidents however are inevitable; and so you are not able to think of everything that could possibly happen. This is what insurance is for.

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Insuring a Heavy Duty Work Vehicle

Truck 2

If your business employs heavy duty vehicles, you will need to check the best insurance companies and rates for insuring them. Vehicles for heavy and industrial use have insurance needs beyond those of a personal vehicle. Having the proper insurance will allow you to have a business that is covered in case of accidents.

When you do construction work, you may be working on land and buildings that do not belong to you. If anything happens to the structure, or someone is hurt, you need more liability coverage than you do for a personal vehicle. Industrial accidents can be many times more expensive than your average automobile collision, and you need to be prepared for that eventuality.

Commercial insurance is more expensive than insuring a personal vehicle, but it’s money well-spent, so that you have the proper coverage for the vehicles you use. Checking with insurance agencies that specialize in commercial insurance may allow you to find a price that is more competitive than trying to insure your business vehicles with the same agent and company you use for your personal vehicles.

You can use the Internet to find companies that insure heavy duty vehicles specifically, since they understand the needs of business people who use larger, commercial vehicles in their daily work schedules. You can price some policies online, while other insurers may want to set up a meeting with you, or a phone call, to discuss the needs that are unique to your business.

Take the results you find and compare the amounts of coverage that each policy includes. You may find some insurance companies you have never heard of, if this is your first business. As long as they have a good reputation, you can feel confident working with them.

Take as much time as you have, to find the lowest prices for the best coverage, when you shop for commercial insurance. You may be surprised at how much policy premiums cost, so be sure to compare the amounts of coverage carefully. It’s fairly easy to compare various rates online.

If you can afford higher deductibles, your premiums can be brought down to lower levels. Remember that, in the case of a future accident, the deductible monies will come right out of pocket. Keep your deductibles at levels that are reasonable for your business, so that you’ll be prepared if someone on your payroll has an accident.

You can also lower your policy costs if you and your employees have good driving records already. Any security measures needed should already be in place, if you want lower premiums. Have your vehicles in proper condition and report any existing damage to your insurer, before the policy is written. When your new insurance company sees how safety-conscious your business is, the agent or underwriter will be more comfortable in dealing with you.

Heavy duty vehicle insurance is essential if your company will be using this type of vehicle in your work. Since you are operating a business, be prepared for the differences in liability insurance that your company will be required to carry, as compared to those you have on your personal vehicle. The risks are much greater with heavy equipment, but you can prepare yourself with vehicles and drivers that are safe, to lower the rates you will pay overall.
Chris Baker is a freelance writer and blogs for where you can find great deals on cheap young persons car insurance!

Creative Commons License photo credit: Rainshift –

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Exploring Fleet Insurance

If you operate a fleet of trucks, you will find various ways that you can structure your fleet insurance, including different payment options. There are differing sizes of fleets, and you’ll need to determine which size you run, so that you can best figure your insurance options.

A Group 1 fleet consists of between 20 and 50 units; Group 2 has between 51 and 100 units. Group 3 has 101 to 500 units and Group 4 has over 500 units. The fleet group that your business falls into will be a determining factor in the coverages and payment options available to your company.

Most fleet policies will be based on statistics that are reported monthly. They may be based on the vehicle schedule, the vehicles’ mileage or gross revenue. Each one of these options is different, and each one will show you various advantages and, of course, disadvantages.

Scheduled vehicles reporting works well for smaller fleets. In these cases, there won’t be as many vehicle changes. A report, by the month, of your vehicle fleet will establish the monthly premium for each unit. This method eliminates gross revenue or mileage reporting, and gets rid of the chances of increases in premiums because of revenue or mileage that is higher than you had expected. On the other hand, you will also see an immediate increase in your premium if you add trucks to your fleet.

Policies that are based on your fleet mileage work well if your mileage rates are usually stable, and if they can easily be verified. If you have wide variations in mileage, and especially if your miles increase during a given term, you may pay more for this type of policy. Be sure to estimate your mileage too high rather than too low, to allow for a cushion. This type of fleet insurance also allows you to add more trucks to your fleet without seeing an immediate premium increase.

The gross revenue policy will have a rate of premium that will be applied to your monthly revenue. It’s a simple way to insure your fleet, and since the premium rates are based on income, it will allow you to have the best cash flow. If your fleet is in a stage of growth, you can add trucks without seeing an immediate premium increase. On the down side, if you increase your fleet’s rates, those increases will effectively add to your premium.

If you are the owner of the fleet, any of these options will give you an excellent incentive to more closely manage your operations, and reduce number and size of claims.

Larger fleets may have more interest in sharing the risk based on the results of their claims. They can help in reducing the cost of their insurance by becoming participants in the processing of claims. You can do this by placing a “liability deductible” or when you accept a Self Insurance Retention, which is also called a “SIR”. This will bring the operator of a fleet into the processing of claims.

Additionally, if you have a large fleet, you may opt to rent or create a Captive Insurance Company. In cases like this, you manage your own insurance, and that helps to determine your company’s losses or gains on the cost of premiums.

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Not Having Public Employers Liability Insurance Is Not Worth The Risk

How risky is the nature of your business?

There are a lot of ways to earn a living and some are more dangerous than the others. From the typist at an internet company to a coal miner, the working world is fraught with accidents waiting to happen in even the safest forms of work. This is why you should be covered with public employers liability insurance. The cost of insurance is tiny compare to the possible compensation needed when something goes wrong.

What does it do?

If one of your employees gets injured at work it covers you. This includes if an employee is hurt or dies from an accident at work, as well as any illnesses a person may receive through working for you. If any of this happens the employer is liable and will most likely need to pay out massive amounts of money for legal, medical, compensatory and punitive. So if you do not have it then you should really compare employers liability insurance right now and get yourself covered.

What if you are a small business?

This is when you need it the most. It may seem like a needless expense, however if the worst happens, then your business will most likely not be able to afford the resulting outgoings. With the rise of the “No Win – No Fee” solicitor there has never been a better time to have public employers liability insurance. The more unscrupulous individual has even begun to search out potential accident black spots at work after being tempted by the (advertised) large compensation they will receive for hurting themselves.

So I should just find the cheapest then?

You are free to do that, as some cover is always better than none, however when you do compare employers liability insurance then you should go over every detail. Research and ask what cover other people in your business sector cover themselves for. What are the biggest risks in your company? Does the risk even come from within your company? For example, bar owners must protect their staff from the rowdy and sometimes violent customers. So define what you need and then get quotes tailored to your own business.

Shopping around isn’t needed with the internet is it?

Try to get tailored quotes. Answer insurance companies questions online and request tailored quotes. It may take longer, but the coverage and price is more likely to come out in your favour.

Visit Specialist Risks for quotes from a range of top providers.

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Why a childminder needs public liability insurance

These days, many people have taken up childminding as a profession but that person or company must be aware that they will be absolutely responsible for the children in their care. They are also responsible for the actions of the children and they must ensure that all safety measures are taken to keep them safe and well. Public liability insurance for childminders is a legal requirement that cannot be sidestepped or forgotten since the consequences can be quite horrendous.

Whether this is a sole proprietorship or a company job, everyone must be insured against any kind of happening that is unexpected. There are many companies on the market today which will be able to provide public liability insurance for all types of businesses and all of them will be cognizant of the rules and regulations revolving around this kind of career.

Along with this kind of insurance comes the necessity too to ensure that the place where the children will be housed is safe for them. The company or operation will have to be registered with Ofsted if they are taking care of children between birth and up to eight years old for more than two hours in a day. If there are children older than this, the rules are relaxed a little and registration is not absolutely necessary. There is also a registration necessary for those caring for kids of five to eight years old.

Public liability insurance for childminders will cover anyone for any financial loss that occurs because of something on the premises. In fact, the cover is necessary because people will sue for compensation, if anything happens to their child of course.

As with most insurance policies, if an excess is included the premiums are usually less. This also discourages people from making claims unnecessarily. However, it is absolutely vital to check all the small print on any policy – this includes the equipment insurance and employer’s liability insurance too – to ensure that the best policy for that particular company is found.

If needs be, get an expert to go over all the documentation before signing on the dotted line as this may well save money and misunderstandings in the long run.

Brought to you by Specialist Risks business insurance.

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