Monthly Archives: July 2012

Flood Insurance – why you need to use a specialist insurance provider

Flooding can cause untold devastation to your property and the contents contained within. Unfortunately flooding has been on the rise in the UK for the last few years and doesn’t look to slow down anytime soon. Because of this, a lot of people are now finding it difficult to get flood insurance at an affordable price. Whilst flood damage has been traditionally included as part of home insurance, more recently insurance companies have refused to cover homes in high risk areas as a lot of high claims have been made. What makes flood insurance so risky for an insurer is that the damage that can occur can result in some very costly claims. This is especially true when the insurance covers the contents of the house as well as structural damage.

Luckily there are ways to get flood insurance at a reasonable price. Flooding is something that cannot be prevented but it can be prepared for. In this article I’ll look at why you should consider using and insurance broker to obtain your flood insurance (the site floodinsurances.co.uk can do all of the hard work for you. I’ll also give some tips on how you can minimize the damage and stress that occurs when flooding happens.

Benefits of using an insurance broker

Because flood insurance can be such a risky proposition for insurance companies, it can be frustrating trying to deal with them directly to obtain a quote that you can afford. For this reason it is highly recommended that you use an insurance broker. An insurance broker will negotiate with several independent insurance companies to get you the best price possible. They will assess your business or home and take the risk factors into account when negotiating a price. Brokers are known offering extremely competitive prices and offer the following key benefits –

  • Properties in flood-risk areas are fully covered
  • Immediate telephone assistance
  • Claims hotline with counselling support if needed
  • Flexible payment options
  • Protection for properties that are listed

Using an insurance broker gives you a level of leverage that you wouldn’t otherwise have. This is especially important now as a lot of companies are very wary of insuring properties that are situated in high flood-risk areas. A broker will be able to expertly assess all the factors and use these to get you the best deal possible.

Preparing for a flood

As well as being able to get a great deal on your flood insurance, a broker will also offer you some great advice on how best to protect your home and minimize the damage in the event of a flood. Some of the top tips an insurance broker would give are –

  • Ensure all windows and doors are locked
  • Move any valuable items upstairs
  • Know where the power supply to turn the home’s gas and electricity off is located
  • Place sandbags around the perimeter of the house
  • Have emergency numbers to hand

If you follow this advice then you can minimize the damage and stress that will inevitably occur when a flood strikes. Thinking of your home being flooded is something that nobody wants to contemplate but it is better to be prepared for the worst in the long run. Whilst a flood is an incredibly stressful thing to deal with, if you’re well covered then at least you know you will not have to bear the financial brunt of the flood afterwards.

Does your home suffer from subsidence?

Many homes do suffer from subsidence and if you’re having difficulty purchasing insurance get in touch with experienced online brokers who have many years in the business and know just what their clients require. They have insurance partners who specialise in subsidence insurance and make the buying process straightforward to ensure customers find the right cover at the right prices.

What subsidence insurance covers

Buying subsidence insurance means if your property has suffered from landslip, ground heave or the ground moving under it the insurance policy will cover repairs and any reconstruction work. Brokers understand the problems subsidence can cause householders and if repairs are carried out properly the chances of subsidence recurring are quite low. Experts in the insurance business can compare prices for this type of insurance using their database of some of the UK’s leading insurance companies, they will ensure you get the best deal around which could save you money in the long run.

Causes of subsidence

There are many causes of subsidence, one of the most common ones is the shrinkage and swelling of clay soil which in turn causes foundations to crack. Leaking drains are also known to cause subsidence so it’s advisable to keep checking all drains on your property ot make sure they are in good working order. Trees and shrubs too often cause subsidence by shrinking the soil due to soaking up water through their roots especially during the summer months. Do your homework before planting trees or shrubs to find out which species need a lot of water to survive and cross them off your shopping list to help prevent subsidence.

Online brokers offer great solutions

If you need information about subsidence insurance online brokers have all the answers, make contact by e-mail or telephone to find out what a policy covers, how much it will cost and how to renew it. Experienced insurance advisers will do all they can to help clients no matter what their query is, alternatively there’s a huge amount of advice and guidance on the relevant websites about subsidence insurance which makes very interesting reading.

Subsidence is not pleasant to live with and can cause thousands of pounds worth of damage, it can happen suddenly and without any warning so buy subsidence insurance now if you haven’t already done so. Get the best policies available on the market now.

Keeping in Touch with Mobile Employees

Keeping in touch with employees who are on the move is incredibly important for the purposes of productivity. It’s also important for peace of mind and costs that come into play with mobile employees. There’s no point getting cheap business car insurance if the employee is wasting fuel by going off for a meal before returning to base.

Mobile Employees

Mobile employees are people who are on the move in some form of vehicle. They are most often used for deliveries when the company doesn’t want to invest in a courier service. But they also may just be people who advertise the company in various places. It could be as simple as handing out leaflets in the street or as grand as actually approaching other companies and meeting with them.

The Phone

The mobile phone is the key weapon for keeping in touch with employees to check what they are doing. This doesn’t necessarily mean that they should be being called every few minutes as that will just decrease morale out of pure annoyance. But it’s a good idea to ask them to call when they reached their destination. The individual will know how long it takes them roughly to get there so it’s a perfect way of making sure that they are carrying out their duties.

GPS Tracking

Many business cars now have a GPS tracking system attached to this. This shows the company where the car is at all times by sending the data back to base and then showing it on a map. This can be watched in real time and the route can be stored for later, so that means that it doesn’t require constant review. However, the only downside to this is that it’s expensive to implement and it will increase the value of the car, so getting cheap business car insurance might be a little harder.

Two-Way Radio

This is another way to do things as that means that money isn’t wasted on making constant calls or installing tracking systems. The only problem with this is the initial cost. To get a radio that will broadcast over a large distance requires quite a large initial investment. That’s why these are most effective over distances.

Find cheap business car insurance at top UK provider Specialistrisks

What types of businesses need insurance?

When setting up a business, it will not be too long before you consider what insurance policies you need in order to comply with the law and protect yourself from insurance claims that could threaten the existence of your business and possibly put you at the risk of ruinous personal losses. But there are very few hard and fast rules about what insurance policies you need to get so keep reading if you want to find out more.

Employer’s liability

Employers liability insurance is the only insurance-policy that companies are 100% legally required to procure if they have any employees. This covers the cost of damages and legal fees incurred if employees are injured or are made ill through the fault of the employer and is compulsory to ensure employees do not miss out on their rightful compensation. NHS costs can also be recouped. The minimum level of EL must be £5million, while most policies provide cover up to £10million. You must display an up to date certificate and can be fined up to £2,500 for every day you are not covered.

What type of company is your business?

There are a few situations where a company does not require EL: if it is not a limited company and you or your close family members are the only employees it is not essential and limited companies with a sole employee who owns at least 50% of it are also exempt. But in many cases these businesses do invest in a policy because the cost otherwise can be ruinous. If your business is not a limited company then you can be held liable for any damages, so insurance is even more critical.

Public liability

If you own premises or work in close proximity to the public then you should definitely get public liability insurance. This covers and damage or loss suffered by a member of the public caused and will mean your insurer pays expenses, legal fees, damages and medical fees. Your premium will depend on the type of business you are, so construction companies can expect to pay more than a marketing company, while horse riding companies are required by law to be covered. If you sell or give away any physical items that causes damage or loss and is considered not ‘fit for purpose’, product liability will cover you. The normal amount of cover is £2million.

Professional Indemnity

If it isn’t products you sell but, instead, your knowledge or skills you should find the best deal on professional indemnity insurance. PI protects you if a client makes a claim for a loss or damage that came about as a result of your negligence, and also covers legal costs of fighting the claim. There are a number of professions where PI is compulsory, including solicitors, accountants, architects, mortgage brokers, financial advisers and charters surveyors while most designers, PR agencies and advertising firms are covered too.

Specialist policies

There are a number of industries which require their own special insurance policies – like commercial property owners should have Landlords-insurance – and it is best to seek the advice of a specialist federation or a broker specialising in business insurance.

Salon Insurance Costs

There is no set policy, no matter what the salon insurance costs, that provides the entire cover as standard. For a start, there are so many different types of salons, ranging from hair salons, hair extension salons, salons specialising in beauty treatments, nail salons, slimming salons, massage salons and tanning salons. Most however, have one thing in common, and that is they specialise in female beauty. Not that men keep away from salons; the modern man certainly goes out of his way to keep trim, tints to hide any grey hair and professionally manicures his nails. Beauty products now go all out to attract male buyers, and many men thoroughly enjoy having a facial or a massage.

With all this on the go, it is definitely essential to weigh up salon insurance costs. The two most important items of insurance for consideration are

• Public Liability insurance to cover your business in case of customer injury or else their property damaged through your business. The claim for these costs could be large, and without insurance, your business stands a chance of being crippled financially.

• Employer’s liability insurance to cover staff in your employ for illness through the business, or any injury on the premises, and legal expenses, should they occur. Employer’s liability insurance is a requirement by law.

There, are several optional cover types for salon insurance worth looking into as protection for the business, when you are considering buying insurance and are weighing up all the costs involved.

• Professional indemnity,
• Your business equipment
• Cover for your stock
• Cover for employee theft
• Revenue protection
• Fixtures and fittings
• The glass front of your premises

Starting a business is not just a case of opening the doors for the type of business or salon that you want to be in; there are licences, insurance and other cost factors that you have to take into account as well. Even if your salon is a home run business, you have to think about insurance and other costs carefully before you start. You stand the same chance of things going wrong at a home salon as you do in a salon situated inside a commercial building.

Look up salon insurance costs and get quotes at specialistrisks

Is your restaurant covered for all eventualities?

When running a business you need to be absolutely certain that you have thought about all possible things that could go wrong and cause a potential loss of earnings. The main ones of these are usually things that stop you from opening up; such as a fire, floor, or damage that could be caused by criminals and vandals. These are some things that can often not be avoided, but may still happen. For things like this; you can get specialist insurance to cover it. One of the businesses that you may run could be a restaurant. And so you will need the specific restaurant insurance to cover it. The restaurant insurance can cover many different things (lots of information available at Restaurant Insurances.co.uk). These include public liability, employers liability, potential stock in transit problems, and business interruption.

Insurance is a very important thing to take into account when starting a business up. This is because you can not foresee what will happen in the future, and accidents always happen. Employers liability insurance is set up so that you can protect your members of staff in the event of any accidents happening to them. For instance, if someone spills a drink in a comment pathway that people have to walk down to serve food to customers, and someone slips on this drink because it was not properly dealt with, they are liable to claim for any compensation they may require. This could be anything from simply injury compensation all the way up to compensation because they are no longer able to work.

Public liability insurance covers your business in the event of any member of the public inside the service area of your restaurant getting injured through any accidents that may happen. For example, if a member of staff trips over and drops a scalding hot dish onto a customer, then they are likely to claim for their injuries and potential damages to possessions as well. This is where you need your public liability insurance as if they do claim, your insurance pays out all of the expenses. If you did not have the public liability insurance and this proceeded to happen, then you would have to pay out of your own pocket for any claim that the customer may wish to bring upon you. This can often lead to the closure of the business entirely, as it may be seen as an unsafe workplace, which means it should not be open.

Stock in transit insurance is designed to cover you from any accidents that may happen when your stock is being transported to you. For example, should the transport system stop for any reason, such as a crash, you may not be able to open your restaurant as you would have liked to; which will lead to a loss of earnings. This is what the insurance is designed to cover as it is no fault of your own that this has happened, and sometimes it is not possible to avoid these situations as they are accidents, people do not mean to crash after all!