|
Below, you'll find extensive information on leading
Hartford Insurance Company articles and products to help you on your way
to success.
A Guide To Business Insurance
By Peter Kenny
If you have a business, then it is important to get the right level of to protect your business interests. Without the proper level of your business could be in serious trouble if anything unexpected should happen. Here are some tips about how to get the right business for your needs:
Required by law
There are a number of types of that businesses must have by law. The main type of that is legally required is employer’s liability insurance. This type of protects you from any claims that your employees might make for accidents or sickness that they suffer whilst at work or as a result of work. Some businesses are not legally required to have this insurance, but if you have then it makes sense. If anything should happen to any employee you could be hit with a massive compensation bill if you are uninsured.
Another that is often required is motor insurance. If your company has any vehicles then you are required to get at least third party to cover any damage to property or other people. It is usually advisable to get comprehensive for your vehicles in case they are damaged or stolen. Although it costs more, it could save you a lot money in repair bills.
Liability insurance
If you are selling products to the public or have a large number of non-employees using your business premises, then you should consider public liability insurance. This type of will cover you in the event that anyone is injured by your product or hurt at your business premises. The cost of this will vary depending on what products you sell and the size of your premises
Building insurance
If you have dedicated premises for your business, then you need to make sure that the building and its contents are insured. If you rent the building then the landlord should be insured for the property, but you need to make sure that the contents are fully insured. If an accident should occur and you don’t have adequate cover then you could lose money.
Key man insurance
A business relies on its key employees to make it successful, so you should think about insuring yourself and other top employees against health problems or accidents. Getting health for your main employees will not only make sure that they can get back to work as soon as possible, it will also give them a sense of belonging to the company. If the type of work you are involved in has the potential for accidents to occur, then getting adequate to cover this is important. Obviously working on a building site is going to lead to higher premiums than sitting behind a desk.
Reducing your premiums
Reducing your premiums is a good way to save money for your business. The best way to reduce the risk for the lender and so reduce the price of is to make your business a safe and secure one. Make sure that security systems are up to date, and that health and safety procedures are adhered to.
Using a broker
The easiest way to obtain business is by using an broker who has expertise in your particular business area. They will be able to help you find the right insurer for your needs and get you a good deal.
New Mexico Apoints Franchini Insurance Superintendent
The New Mexico Public Regulation Commission has appointed John G. Franchini Superintendent of Insurance by a 4-1 vote. Franchini, a New Mexico native, boasts nearly four decades of insurance ...
Florida Regulators Recover $11 Million for Insurance Policyholders
The Florida Department of Financial Services says it has helped recover more than $11.1 million for Florida's insurance consumers in the first half of 2010.
"Especially in these tough economic ...
Powers Named CEO of W.R. Berkley's Carolina Casualty
W. R. Berkley Corp. has appointed Douglas J. Powers as president and chief executive officer of Carolina Casualty Insurance Co., succeeding William E. Haines. The appointment is effective ...
OneBeacon Q2 Reflects Sale of Personal Lines, Northeast Storms
OneBeacon Insurance Group reported second quarter net income of $9 million, operating income of $18 million, a drop in written premiums reflecting the sale of its personal lines business and a ...
Thai Doctors Protest Proposed Malpractice Liability Law
Across Thailand many doctors traded their white coats for black on Thursday to protest a draft law that would give victims of medical malpractice legal rights to win compensation.
The law would be ...
Sen. Nelson Questions BP Tax Break for Oil Disaster Cleanup Costs
A U.S. senator from Florida called for a congressional inquiry into BP Plc's plan to use losses from the Gulf of Mexico oil spill to reap $10 billion in tax benefits.
Senator Bill Nelson said ...
New International Accounting Standard Aims to Clarify Insurers' Profits
A global accounting standard setter proposed a new rule for measuring insurers' profitability on Friday, aiming to shine a light on a sector criticised by investors for being a "black box" that ...
House Set to Debate Oil Liability Bill
Three months after the catastrophic oil rig explosion that sent millions of gallons of crude spewing into the Gulf of Mexico, the House of was poised Friday to debate legislation clamping down on ...
Japan Tanker Shows How Getting Answers on Ship Security Not Easy
The confusion around what the owners initially called a possible "attack" on a Japanese tanker in the volatile Straits of Hormuz shows the difficulties markets and policymakers face reacting to ...
U.S. Regulators Demand Fix for Failed Oil Pipeline in Michigan
U.S. regulators have told Canada's Enbridge to detail a safety and repair plan for a failed oil pipeline in Michigan after warning in January the company appeared to be in violation of safety ...
MetLife, Pru Facing Probe Over Soldiers' Death Benefits
New York's attorney general has subpoenaed MetLife Inc and Prudential Financial Inc. as part of a probe into whether life insurers are defrauding families of deceased military personnel by ...
TPG Capital Completes Acquisition of Vertafore
TPG Capital has completed the acquisition of Vertafore, a provider of software and services to the insurance industry. The deal was first announced on June 10, 2010. TPG purchased the company from ...
New York City Settles 50-Bullet Cop Lawsuit for $7M
The city of New York has agreed to pay more than $7 million to settle a civil lawsuit stemming from the fatal 50-bullet police shooting of an unarmed man on his wedding day.
The settlement filed ...
Baltimore Restaurant Workers Awarded $34M after CO Leak
A Baltimore jury has awarded $34.3 million to 23 employees of an Inner Harbor steakhouse who suffered brain damage as a result of carbon monoxide poisoning.
The plaintiffs worked for the Ruth's ...
ClearCount Medical, CNA HealthPro Expand Hospital Warranty Coverage
ClearCount Medical Solutions and CNA HealthPro are working together to expand their insurance policy to provide both the dollar amount and types of expenses covered under ClearCount's Never Event ...
Peter Kenny is a writer for creditcards-gb.co.uk.
For additional articles and an extensive resource for everything about credit cards, please visit us at Credit Card and Business Insurance
Visit www.creditcards-gb.co.uk
|
|
We strive to provide only quality articles, so if there
is a specific topic related to insurance that you
would like us to cover, please contact us at any time.
And again, thank you to those contributing daily to our
Hartford Insurance Company website.
|
