Professional indemnity insurance

Professional indemnity insurance keeps you covered in case a claim is brought against you because of some form of professional negligence. There are different kinds of professional breaches that can be made to be seen as being professionally negligent.

For example, professional indemnity insurance can cover you if you are seen to have taken part in a negligent act, a negligent error, or a negligent omission. This is vital if you believe that you may be entering into something that could lead to a claim being made. If you run your own business, then professional indemnity is the kind of insurance that you need to look into.

Many insurers will cover you for up to £2million, although this does greatly depend on the specific insurer and can change from policy to policy within a particular insurer’s range. Many offer certain free add-ons, for example free cover for any subcontractors that you might employ. This thereby extends to the insurance to them and to any kind of negligent act, error or omission that may lead to a claim.

One thing to look out for with regards to professional indemnity insurance policies is any exceptions. The insurer may promise very few exceptions, but even a few exceptions can suddenly make the policy quite limited. If you believe that a claim made against you could in a strong likelihood fall into the exceptions category, then obviously continue to look for a different kind of insurance policy. 

Liability insurance

You may have heard a lot about liability insurance, but what exactly it is? And, more importantly, why is it so vital to have, particularly in certain professions?

Liability insurance, in short, gives you protection from any risks arising from possible lawsuits or other kinds of claims made against you. This kind of insurance is typically included in most general insurance policies.

There are some smaller print details to this kind of insurance however. This kind of insurance that covers liability means that the insurer has a duty to defend. This comes about if a claim is made against the person who is insured. The insurer will only defend you, however, if the claim comes under the specified insurance policy that you have with the insurer. If the claim is out of the remit that their insurance policy offers, then you have to defend yourself, and pay to do so out of your own pocket.

There are different kinds of insurance covering liability. For example, employers insurance. In the UK it is compulsory to have this form of insurance, and covers you as (as an employer) if your employee is injured in the course of his or her work. Despite being a legal requirement in the UK, there are certain exceptions. For example, if you are running a family business then it is unlikely that you will be required to get this kind of insurance.

Liability insurance is therefore  a strong thing to consider, particularly if you run your own business. Always check the small print of your insurance policy to make sure that you have good coverage and to understand the rules and regulations that go along with the policy. 

Insurance for engineers

Insurance for engineers is as vital as insurance for every other profession that involves some form of risk of a claim. Like similar kinds of industries, engineers need the full protection of a well-rounded insurance policy to make sure they are not hit hard by any claims.

Insurance for engineers should cover some basic things that every engineer, or everyone running an engineering business, needs to maintain a safe and protective working environment. For example, engineer insurance can cover your plant and its contents, including all of your tools and machinery, from a whole host of dangers including fire, water damage, breaking and entering, and theft etc.

Professional indemnity is another thing good insurance policies should have. If you are going to be consulting, and giving advice or recommendations, then you need to be protected against the outcome of any of these suggestions going wrong. This is particularly true if a miscalculation on your part causes damage.

Public and products liability is also something to look out for in an insurance policy. This is to cover any money that you may become legally obliged to pay in case of an injury or loss, or damage to material possessions of a person, due to your business practice or because of anything sold or supplied by it.

Insurance for engineers can be bought for specific kinds of engineers, for example electrical engineers, chemical engineers, design engineers, transport engineers, health and safety engineers etc. These can be very specifically tailored policies, or sometimes general policies will tick all the boxes needed for various engineering roles.

Fish and chip insurance

Fish and chip insurance covers you and your fish and chip shop for any occurrences that may happen and do damage to either your property or business.

Fish and chip insurance does not just cover in the event of simple accidents. It can also cover you for all the contents and stock on your premises in case of a number of different kinds of perils, for example fire or a flood.

If a claim is made against you for whatever reason, this kind of insurance can cover to make sure that you aren’t pulling money directly out of the business to fund a court case or to pay compensation. Insurance policies that cover you in case of a member of the public injuring themselves into your shop is also highly recommended.

Employers liability cover is also an essential. If an employee makes a claim against you for whatever reason, for example an injury, then you are covered by your insurance policy to make sure you can either pay the compensation or the legal fees involved, if any.

Some insurance policies allow you to add on other benefits as well according to what dangers to you perceive to your business. For example, some insurance policies offer loss of alcohol license cover. If you lose your license to serve alcohol, due to reasons beyond your control, and you suffer a dent of profits, then your insurance can cover this hole.

Fish and chip insurance is like any other insurance: in need of some good research and essential to running your business safely and securely.

Cheap Takeaway Insurance – Oldham To Dish Out £1,000 Fines?

New fast food outlets in the Oldham area keen on getting themselves the best deal on everything, including cheap takeaway insurance, are watching out for the introduction of a new law which could see them being fined £1,000 by the local council.

Cheap takeaway insurance to one side for a moment, Oldham councillors are determined to keep new fast food outlets at what they see is a sensible distance from schools. And if that distance, say Oldham Council, is less than 500 metres when the planning application is received, they could end up with a £1,000 fine. Councillors will vote on the idea shortly on approving the planning restrictions which could dictate where such businesses are located in the future. The proposed new rules need legislation before they can be adopted.

Further planning recommendations include a minimum of three shops space between takeaways that are grouped together. This is an attempt by the council to control the number of takeaways in a given area. The council are concerned that a build-up of takeaways is bad for local residents, as well as school children.

So cheap takeaway insurance might be one concern for new takeaways planning to open and operate in Oldham, but that’s obviously not their biggest worry, as location will now become a major issue as well. And although councillors are no doubt rightly concerned about the waist lines of its constituents, it remains to be seen whether they have the legal powers to introduce such rules which, the takeaway industry might see as too draconian.

Cheap Insurance for Landlords - Training Day

Owning a property and letting it out to tenants does not require professional qualifications, so matters as trying to work out the best cheap insurance for landlords is often learnt on the job so to speak.

But, such considerations as cheap landlord insurance, plus housing law and tax, is all part of the scheme that landlords have to digest and one organisation is now offering a training course.

Reading Civic Centre is the venue for an event organised and hosted by The National Landlord Association (NLA) to be held at the end of February. It will be one of the first of a number of landlord training days and costs £80 to attend.

The National Landlord Association is recognised as the UK’s largest advisory body for landlords as a group. And as well as attending such day courses, landlords can also become accredited by successfully sitting a foundation course. This can be completed online.

The course is designed to instruct and inform property owners and managers on a wide number of matters, including cheap landlord insurance, tenant’s rights as regards the law and how income from rented properties can effect personal tax levels.

Those choosing to update themselves on such matters as cheap landlords insurance and changes in property law, can attend regular landlord day events and also attend The National Landlord Association branch meetings.

One major bonus for landlords in the Reading area that become accredited, is that both the Reading Borough Council and Reading University will help market their properties.