Monthly Archives: March 2012

The lowdown on taxi insurance

If you run your own taxi business or you supply a taxi service as part of an enterprise, getting the right taxi insurance which is at the right price, and which offers you adequate and suitable protection against unforeseen circumstances, is very important. As for people who drive in general, there is always a level of risk in driving which needs to be covered by comprehensive or third party insurance. However, there are more risks involved with a taxi service, and this is reflected in the taxi insurance options available to you.

The internet is the best place to compare different plans, and when you look for a taxi insurance quote online, there are a few primary differences between insurance plans that you need to be aware of.

The first important options to decide between are private hire cover and public hire cover. If you drive a taxi which only responds to private call outs, then you can gain a taxi insurance quote online for private hire cover. Alternatively if you pick up people hailing in the street, or you do both this and private call outs, then you will need public hire cover. Due to the increased risk involved with public hire cover, these plans will be more expensive.

Similarly to general vehicle insurance, there are fully comprehensive taxi insurance plans, and third party and third party fire and theft, with the first protecting both you and the other driver should you get into an accident, having the car stolen and so on, the second protecting the other driver if the accident is your fault, and the third protecting others due to fire or due to damage and injury resulting from someone stealing your car and getting involved in a crash. Fully comprehensive is the most expensive and provides the best cover. Public liability cover is important to protect you legally from customers who are present when accidents happen.

There will be many things that will gently affect the pricing of your plan. Your area of work, and the type of taxi you drive will have an impact on your premium.

Get a taxi insurance quote online at Redmetro

The best female bike insurance and other specialist categories

Sometimes the most appropriate insurance may prove to be that which is tailored specifically to the nature of your bike and its use.  Policies exist to support specialist categories of biker and may provide things such as the best female bike insurance as well as:

  • convicted biker insurance.  Of course, convictions and penalty points will not have any impact at all on your premium if you keep a clean licence, however, being realistic that may not always be the case.  If you do have convictions and penalty points, you may find that specialist policies may be able to assist you to keep the damage to your wallet to a minimum;
  • multi bike insurance policies.  Having a number of bikes may sometimes appear to be a mixed blessing when you consider both the total cost of your motorcycle insurance quotes plus the administration of needing to deal with multiple policies and possibly multiple insurance providers.  If so, you may benefit from looking for multi bike insurance policies – a solution that may possibly save you both time and money;
  • classic bike protection.  The way you use your classic bike may be significantly different to the way you or another biker would use a modern everyday machine.  Notably, you may ride it rather less, leading to reduced annual mileages.  Some policies may use this in order to offer you cost-effective solutions;
  • scooter and moped policies.  You may benefit from not being considered as indistinguishable from the rider of a superbike and that is why some insurance providers may be able to offer cover tailored to your needs;
  • older rider cover.  You may be able to find a motorcycle insurance policy covering you if you are seventy plus years of age – something that may not always be the case through all insurance providers;
  • younger rider policies.  Some bikers at the opposite end of the age range may have similar difficulties in obtaining cover.  Fortunately, there are policies that may cover you at sixteen years of age providing you have a CBT pass certificate;
  • high premium policies. Even if you are looking for the best female bike insurance, you may also have a very expensive insurance premium depending upon your bike and situation.  It may be worth also looking at those policies specifically tailored for people paying very high premiums for one reason or another;
  • the best policies. When thinking about the best female bike insurance or any other such policy, remember that what is best for you may not be the best for someone else.  It is typically a good idea to look at a number of policies and compare them in order to find one that is suitable for you.

What to ask about insurance for a salon

As more and more salons extend beyond just hairdressing to providing nail and beauty services, insurance has become even more relevant. Insurance for a salon is as vital to the business as the skills of the hairdresser, the tools of the trade and the premises in which the business operates. It is essential therefore, that you ask and get an answer to the main questions about of salon insurance. Here are some key questions that any hairdresser with their own salon should ask when it comes to insurance.

What happens if a customer is hurt on my premises?

Public liability is standard cover included in insurance for a salon. Public liability covers anyone injured or hurt on your premises. The level of cover is variable and you can generally choose from £1, 2, 3 or 5 million. What however, public liability insurance does not cover is injury sustained through treatment. For this, Treatment Risks cover is required and this can be added to your salon insurance policy. Treatment Risks generally covers you and your employees for up to £1 million per incident.

What happens when I can’t open the salon?

Obviously when the salon isn’t open you are losing money. It might be because of a flood or other natural disaster, equipment breakdown, power cuts, property damage or even community issues such as riots. There is insurance available for business interruption/interference which applies when the salon closure will result in a loss of profit. The level of cover and terms under which is payable will vary amongst insurance providers so these will need to be checked.

What about accidental damage?

If you get an insurance policy based on ‘all risks’, losses through accidental damage should be covered as well as damage that occurs through the usual perils covered like storm, flood, fire and theft.

Are my employees covered by my salon insurance?

Anyone who employees people in the UK is required to have, by law, employee liability insurance. This will provide cover, usually up to 10 million, for claims made against you as the salon owner by employees hurt in the course of business.

Above all, ask any question and make sure it is answered before you choose your salon insurance.

Get more information about and quotes for insurance for a salon at Specialistrisks

Choosing what you consider to be the best property portfolio insurance

Making sure that your buy to let property is adequately covered by appropriate insurance is obviously an important task for any landlord and one where you may consider it to be time well spent. The good news, if you have more than one property, is that with the best property portfolio insurance cover, your task doesn’t have to be any more difficult or time consuming.

The best property portfolio insurance for you may be a policy specifically tailored to your own unique group of properties and circumstances.  As such what another landlord may consider to be the best multi-property landlords insurance cover for them, may be very different indeed.

Providers of this type of cover may typically be able to offer premium discounts.

It is not just in the area of multi-property cover that you may find that landlord house insurance policies vary from one provider to another.

Loss of income

Some policies for example, may be able to offer you compensation for loss of rental income under certain circumstances where your tenants have to move out of your property if it has been damaged and you need to complete repairs.

This compensation may typically be payable (up to a defined maximum) if the damage to the property was caused by an insured risk like lightning, earthquake, storms and flooding, fires and smoke etc.

Public Liability

Situations may arise where a member of the public is injured or their property is damaged and they claim that this is somehow the fault of your property and perhaps the way that it has been maintained. If they decide to sue you, a court may award significant damages against you.

Public liability cover of up to £5m may be available with some buy to let policies and may also cover legal fees which may be payable even if you win the case.

All types of tenant

If you let your property or properties to a variety of different tenant categories then you may feel that a policy which excludes cover for students or DSS is too restrictive for you and you may appreciate the flexibility that a policy which covers all tenant types may bring to you.

Damage protection

Not all policies these days may offer financial protection for you in cases where your property is damaged by subsidence or perhaps even maliciously by your tenants. If this is important to you, it may be worth looking out for.

What’s best

The best property portfolio insurance can help to maximise your confidence and peace of mind that your assets are adequately insured and if there is the added bonus of reduced administration on your part and premium savings, then so much the better.

Why Trades People Need Public liability insurance Cover

Insuring a business is not optional or dependent on the company type, its size or the annual financial turnover; all UK businesses and trades people need to have adequate Public liability insurance cover.

Trades peoples’ policies offer additional comprehensive cover for events that are inapplicable in most business sectors whilst offering a standard safety net against claims against the company.

It is much more likely that a trades person will at some point have a claim brought against them, especially if suppliers, customers or sub-contractors visit their workplace. It would be so easy for a visitor to slip on a wet floor or sustain injuries caused by a member of the team’s misuse of equipment.

Similarly, if work needs to be carried out work on premises belonging to a customer or a in a public place, there are literally dozens of potential risks which UK Public liability insurance will provide cover for. These obviously include personal harm to individuals but also any damage to their property and belongings.

Public liability insurance cover also looks after tools, equipment and supplies whilst they are your responsibility and are being transported. These items would not only be very expensive to replace if they were damaged or stolen but could also impact negatively on the trades person’s current contract or job.

The construction industry and its associated trades employ a huge percentage of the UK workforce and due to the type of work carried out; it isn’t surprising that a large number of accidents occur within this sector. It is important to note that not all accidents happen as a result of non-compliance with health and safety legislation or are caused by negligence. However, due to the very nature of the work and the inherent danger associated with the tools and materials used within the industry mean that incidents are simply more likely to occur.

As with all types of insurance, the precise public liability cover will vary between policies so it is vital to check exactly what is included in your policy and ensure that you purchase adequate cover.

Quotes for Public Liability Insurance Cover can be obtained at Specialist Risks

Top tips covering landlords insurance

If you are in the process of starting to let out property for the first time, you may find the following tips to be useful when you are considering landlords insurance:

  • remember the principles – typically, if you are using property for the purposes of generating rental income then you are a landlord and will typically require let property insurance rather than owner-occupier cover;
  • do not be misled by rumour and myth – in the event that you had to make a claim, contrary to what some may believe, insurance providers may have sophisticated means of checking the exact occupancy situation of the property concerned. If they find that you have owner-occupier cover for property that has tenants in it (even if they only occupy a part of your property) then you may find your claim is refused;
  • think carefully about your requirements – for example, if you are letting out your property on an unfurnished basis then there may be no obvious reason why you should be paying for buildings and contents insurance when perhaps a buildings only policy may be perfectly adequate;
  • shop around for your landlords insurance – different providers of this type of insurance may have very different elements of cover in their policies and their pricing structures may also be significantly different, with some perhaps being more suitable for you than others;
  • think about tenants/1 – some policies may offer cover against malicious damage caused by your tenants though this is by no means universal in all such policies;
  • think about tenants/2 – remember that if you are successfully sued for damages arising from injuries to one of your tenants, then a court may award very significant sums against you, so having a healthy provision for third party liability cover in your policy may be highly advisable;
  • think about tenants/3 – some policies may offer cover for a loss of rental income if your tenants are forced to move out due to a problem arising which is an insured risk on your policy;
  • do not forget subsidence – the costs associated with serious subsidence problems may be potentially ruinous if you need to pay them out of your own pocket, which is why those policies that provide subsidence cover may prove to be very attractive. Although once commonplace in property policies, it is no longer necessarily always included as standard on all policies providing landlords insurance or owner-occupier home buildings and contents cover.