August 28, 2014

Who needs public liability insurance?

If you’re a business owner, having some form of public liability insurance is hugely important, and this holds for even the smallest of businesses. Public liability insurance protects you and your company against any accidental damage claims made by the public. This insurance not only covers damages caused on your business premises but also damages caused as a result of your business practices, making this a vital form of protection for your business.

Just imagine

To highlight this, imagine someone who came to visit your business premises, tripped and fell because of a wet floor that had not been cleaned up. Your company would be liable to cover the medical costs, damages and legal fees if uninsured, possibly setting your business back tens of thousands of pounds. Having public liability insurance in this case would prove invaluable for your business, offering your staff and customers great peace of mind.

Size of quote                                  

Your public liability insurance quote will largely depend on the size of your business and how dangerous the industry in which you operate is. Most insurers will offer protection for up to a million pounds, which in most cases won’t be adequate for large businesses operating in high risk situations. It’s important that you consider how much cover your company needs, as you could end up in big trouble if under-insured. The amount of cover you will need will vary from industry to industry, so be sure to check with your local authority for more information.

The public

Most businesses will need some form of public liability insurance in order to trade. It’s particularly important for businesses where customers frequently are on the premises to have some form of public liability cover. Conversely, if your business relies on entering the homes of the public – plumbers, electricians and so on, making sure your business is covered by public liability insurance will ensure cover if any accidents should arise. Accidents do happen, unfortunately, meaning that any responsible business should ensure that they can financially protect themselves and the public which they serve.

Not business insurance

It’s important to not confuse public liability with business insurance that protects you and your employees. Public liability will only offer pay-outs for members of the public who are injured as a result of your premises or business practices.

Shop around

Getting public liability insurance is relatively simple, with many insurers offering a broad range of different plans for businesses. Each policy is tailored to your particular business, meaning you will always have the right amount of cover if you disclose all the relevant information to your insurer. There are many different insurers on the market so be sure to shop around, using insurance brokers or price comparison websites to get a good picture of the market.

Opening a new shop? – don’t forget to take out the right insurance

When you are looking at starting up your business you need to make sure that you have completely assessed all of the possible things to look at; for example, checking for anything you may have missed out. You also need to make sure that you have looked into the different types of insurance that you may need to take out. These could include lots of different types; but you need to make sure you have covered them all. When you are looking to start up a shop, there are all sorts of different types of insurance that you may need. This could be anything from insuring your stock against damage or theft, to getting public liability insurance to make sure that any customers who may come into your shop are protected should they fall victim to an accident that could have been avoided.

There are many different types of shops that can be insured, in fact, nearly every single shop imaginable is able to be properly insured against anything bad that may happen to it. You need to make sure that you have properly looked at the types of insurance so that you can see what you are covered for and what you aren’t covered for. One of the things that you need to make sure you definitely have is cover against theft of your stock. For example, if during the night when you are close, some criminals break in and steal all of your goods, without any sort of insurance you would be left very out of pocket and would have no stock to open with either. Insurance against this would pay for the stock to be replaced and any other damages, such as broken windows or doors. This would help you get back on your feet and start making money from your shop again.

Some other types of insurance that you would need to take out for you shop are public liability insurance and employer’s liability insurance. These protect people against things that can happen in a shop. As an example, if one of the members of staff gets injured while at work, if they were to place a claim against the shop owner because they were not properly trained, or because there were no health and safety measures put in place, then the insurance would have to pay out compensation to the person who got injured. If there was no insurance there however, this would come directly from the employer themselves which would leave them very out of pocket and possibly lead them to close down the shop. If a member of the public comes in to the shop and gets injured inside, again because proper procedures have not been set in place and followed and an accident takes place, then they are able to place a claim against the shop owner. This again is what the shop insurance covers, and is very important to have when setting up a shop as your own business.

You can find out more at – they make life easier by shopping around for the best deal for you.

Key points to consider when taking out restaurant insurance

It is very important when running a restaurant; or any business for that matter, that you look into all of the possible complications and loopholes in your training systems and health and safety measures for your members of staff. For example, there are a lot of things that can go very wrong in a restaurant, such as scalding, burning, slipping, cutting or even death. These are things which you always try your best to avoid, but sometimes the worst happens and there is nothing you can do about it. In case these things do happen, you should always have looked into and purchased the right insurance policies to protect you from having to pay for any compensation or damages yourself. For example, if you had absolutely no restaurant insurance and someone was to slip over and break an arm, leaving them unable to work for three months then someone would have to pay for this, and it would be you. The compensation would have to come directly from your pocket, meaning that you may even have to close down your business. With some simple insurance policies, this can be very easily avoided and the insurance company would pay for the compensation instead, leaving you to carry on running your restaurant.

There are several different types of restaurant insurance that you should look into; these include public liability insurance, employers liability insurance, stock in transit insurance and potential loss of earnings insurance. These are the things that you need to look into before even opening a restaurant as they can happen from the very beginning. For example, if a member of the public gets injured inside the service area of your restaurant at no fault of their own, if some food gets dropped on them perhaps, then it would go through the insurance company to get the compensation paid out, and not from your pocket. The same thing applies to if an accident should happen to a member of your staff; the employers liability insurance will pay out the compensation and damages instead of you doing it yourself, which will allow you to keep running your business problem free.

The other types of insurance are a little bit different as they do not cover accidents happening to people, but accidents happening to possessions instead. Stock in transit insurance for example, covers and loss of earnings or business that may have risen from stock not getting to you on time, because of a crash or something like that, which would mean you could not open your restaurant and earn money, the insurance would pay for your loss of earnings. Also, with the loss of earning insurance, they would pay out to you in case of anything that would stop you from opening; such as a flood or a fire, or any activity that had been done by vandals which stops your business from running. This loss of earnings would be paid for by the insurance company. has a great online comparison facility and is worth a visit.

Happy insurance hunting!

Are you covered for driving your car at work – business motor insurance

Do you drive you own car for business purposes? If the answer is yes, then check that you have the right insurance cover for it. The usual type of motor insurance policy covers you for any social and pleasure use or carting children about on their various activities, and for taking you to work and back home again. However, should you use your car for other reasons, such as business, then, you need a different type of insurance policy for it.

For business use of your car, it is essential that you have business motor insurance. This type of insurance is more expensive than for social use, as you are on the road at busier times of the day, drive a higher mileage and the chances of your having to make a claim are far higher as well.

Should you not have the proper type of insurance for your car, you will invalidate your policy and stand having the insurers refusal to pay in the event of an accident occurring.

There are various questions for you to answer when applying for business motor insurance, such as your age, the make and model of the car that you have and about your no-claims history. They will also want to know the nature of your business, how much time you spend driving, and an estimate of how many miles you cover in a week or in a month. A business motor policy is for the car driven by you or by several drivers, whereas a social policy covers only you or if your wife drives the car as well, she is then put on to the policy.

A policy for travelling sales representatives, or anyone involved permanently with driving for business, need to have a separate policy especially tailored for commercial travel. It is very important to take out the right type of insurance for your car to ensure no problems occurring when needing insurance help.

All the usual motor insurance factors apply such as fitting your car with approved security devices like an alarm or immobiliser, enables you to qualify for paying a lower premium, along with keeping your car in a locked garage overnight.

Find competitively priced business motor insurance at Specialistrisks

Learning Curves and UK Public Liability Insurance

There are many varied aspects to consider when you start your own business and accept the responsibility of being the decision maker; for the good ones and the not so good! Some of these decisions could make the difference between making a profit or a loss, but every business owner is aware that it is one continuous learning curve. However, you are able to reduce the odds against you somewhat, by having the right protection, in the event of some mishaps along your road to success.

Even if you have experience from previous employment, you will observe your business from a different perspective. Although you would have mastered many of the skills needed to manage your own business, there are various influences that need specialist attention. A primary one is insurance coverage and in this regard, it is not always wise to just accept the cheapest public liability insurance UK, no matter the financial circumstances.

An example could be if you are an event organiser; such as for weddings, anniversaries and those types of occasions. You consider that everything has been arranged satisfactorily, the money is in the bank and what can go wrong! Well, that is always a tempting question to ask, but it is surprising, the number of times that the gremlins decide to interfere in the best laid plans.

Through an electrical fault or some other unexpected gremlin, the marquee collapses; the caterer has an accident with the wedding cake, or the salmon sandwiches go bad, or the photographer has not recovered from a party the night before. The list could grow alarmingly about what could go wrong, but do not become depressed, because there is a relatively simple solution.

As a business owner, no matter how well prepared you are, you cannot predict all eventualities. However, what you can do is protect yourself against any claims made against you and losses that may arise from unforeseen calamities. This is achieved by ensuring you have insurance. Although it may not be the cheapest public liability insurance in the UK, you should have determined that it is the most suitable for your specific needs.

The cheapest public liability insurance UK is available from Specialistrisks

All about small office insurance

To protect your office business (the hub of your operations) you will need small office insurance. The idea is to protect yourself against the everyday risks, as well as the things that will affect company profits or service availability, and then finally to protect against the things that rarely happen, but may (such as fire and theft). You will need to be covered against your clients/customers waltzing into your office and falling over. You need to be covered against things like your staff scalding their hands as they make the morning coffee and then things such as your internet or phone lines going down, floods and fuel strikes.

What you must do is consult an insurance broker and ask advice on which things you should insure yourself against/for. They will point you in the right direction as to what other people in your industry are insured against. You also need to take stock of your own business. If yours is a small logistics office then a fuel strike will affect your business more than it would most others. You need to be sure that you think out every possible aspect of your business, especially in instances where you differ slightly from other businesses in your industry. For example if your office has a guard dog, you would also need to factor in insurance for if it bites a member or staff or a customer, and yes, even for if it bites or kills an intruder.

The standard insurance items for small office insurance are fairly common sense things, such as theft or fire. The others that are specific to your office are often referred to as bolt-ons. Your main areas of concern are business interruption, such as power cuts, computer malfunctions and phone lines going down. There is also insurance for stock held in the office, or coming and going from the office. Fixtures and fittings must also be insured. This includes things such as computers, kitchen equipment and storage equipment. Any money and such goods must also be insured, whether it is stored in a safe or with the owner/manager or staff.

Find small office insurance to protect your business at Specialistrisks

Finding the most appropriate key man insurance

Any person involved in business already knows that if you are keen to protect your business assets then insurance is something that can help.

Elements of business company insurance that you may be familiar with may include cover for:

  • inanimate things like your buildings or infrastructure, plant and machinery etc;
  • less tangible elements like debt exposure, providing protection against defaulting debtors.

You might also help minimise costs to your business and improve the morale and possibly even the health of your employees by providing them with health cover.

One element of insurance that you may not be as familiar with is the area of key man insurance.

Within any business there may be one individual or several who are critical to the on-going success of the company.

If they were to fall ill and be unable to work for an extended period of time or in the worst case, pass away, you may find that there could be an immediate and possibly devastating effect on your business.

Taking out insurance for these key individuals may provide you with a financial buffer payable in the event of their death or critical illness, so as to allow yourself the time to fully recover from the effect of their inability to work.

There may be a number of options for this type of cover, depending on the role of the key individual in the company. What may be best for one business may, therefore, not be best for yours – so which one might be the best in your circumstances?

There may be any number of reasons why an individual may be a key component of your company. They may:

  • have important contacts in the business world which would be lost;
  • be instrumental in finding funding and resources for new developments;
  • have detailed knowledge of the very fine detail of how the business works – its systems and process, that may be difficult to replace;
  • be highly regarded in your business sector, which may result in a loss of confidence if they were not around;
  • contribute a significant portion of the company profits through their role in the business.

The main elements of this type of cover that may help to safeguard the success of the company are:

  • keyman insurance – providing cover for the financial impact of having to recruit, train and get your key replacement fully up to speed and integrated into your organisation;
  • loan protection – the loss of a key person may have an impact on your business profits and affect your ability to service existing debts
  • shareholder protection – if the key individual is a shareholder in the company then this could have on-going implications for the financial health and viability of your business.

Finding the most appropriate protection for your business may be crucial for its on-going success.

Starting a Home Service as a Mobile Hairdresser

Most men, women and children all need their hair cut, styled, tinted, dyed and other enhancing treatments to a part of their bodies that has great image appeal. However, in this fast paced day and age, taking the time from work or from housewifely duties for hair care, is for many, a challenging task. Also included, must be those persons who are incapacitated and cannot travel to a salon. After work or during weekends could also prove inconvenient, with personal and family demands or having far better things to do than wasting valuable time sitting in a hairdressing salon.

However, if they are able simply to pick up the phone, dial a number and arrange for their personal hairdresser to visit them at home, or work at a convenient time, a whole new perspective is opened to utilising spare time to the full. This could be to the extent of a whole family having their hair attended during one visit.

This may sound like the ideal solution to starting your own business and if it suits your capabilities then research various avenues of information and business potential and test the market regarding the viability factor. No matter how qualified and experienced a hairdresser you are; mishaps can happen, some of which could be entirely beyond your control. To protect you against any potentially adverse results, public liability insurance for mobile hairdresser is a term that assumes a crucial degree of importance.

Becoming a mobile hairdresser is relatively inexpensive, with your overheads consisting mainly of your professional accessories, phone and transportation expenses. However, as you will be operating in the capacity of your own business, it is necessary that you compare the various options in public liability insurance for mobile hairdressers.

If you start promoting in the immediate area, your costs are reduced to the minimum. Advertising your new business is also made relatively cheap and easy, by using free media, even posting adverts in supermarkets, shops and handing out pamphlets to friends and neighbours. Your success would eventually be determined by the quality of the service you provide.

Ready to go into business? Get quotes for public liability insurance mobile hairdresser at Specialistrisks

Deciding Between Business Insurance Policies

Once you have made the decision to protect your business with a business insurance policy, you may wonder which type of policy is best for your needs. There are actually many different types of insurance policies specifically designed for business interests. These types of insurance policies will cover damages related to different circumstances. Two of the most common forms of business insurance are public liability insurance and professional indemnity insurance.

Public liability insurance is an excellent option for anyone who interacts with the public during the regular course of business activities. For instance, if you own a retail establishment or office in which clients, customers or even members of the public might visit, liability insurance is crucial in order to make certain your business is fully protected. This form of insurance is primarily used in the event a third-party, someone other than an employee, should sustain some type of injury or damage while present on your premises. In many cases this might be a client or customer, but it could also be a vendor or even a colleague who might visit you at your place of business. If that person should become injured in any way while on your premises it is important to know your business will be protected from resulting damages. Such damages might include associated medical expenses, but could also include your legal expenses if necessary. Liability insurance will also provide your business with protection from damage to property belonging to a third-party if harm is sustained while present on your premises.

Professional indemnity insurance is not the same as liability insurance. While at one time indemnity insurance was typically only purchased by individuals engaged in certain types of businesses, such as the medical field, legal field or any other type of professional field that provide consultancy services, any increasing number of other businesses and industries are now recognising the value of professional indemnity insurance. This form of insurance will provide protection to your business in the event a client or customer should make a compensation claim resulting from an error or mistake made on behalf of your business. Such claims might include negligence, breach of contract, breach of care of duty, loss of data or documents, dishonesty and infringements of intellectual data.

Making certain your business is adequately protected is crucial in the prevalent compensation culture in which we now find ourselves. Insurance for your business can provide you with crucial peace of mind.

What hairdressing insurance covers

All trades that deal with the public need to be protected by insurance. Hairdressers whether in a salon or running their own mobile business require cover for their benefit and their customers in the event of any unfortunate occurrence.

The insurance required does differ for salons to mobile operations simply because of the differences in operation. A salon is a bricks and mortar operation so insurance will be required to protect the property and its contents. This aspect of hairdressers insurance is no different to standard retail premises (building and contents) cover. A salon based business will also require employers liability insurance. This is a legal requirement for businesses that have staff. It is unlikely that mobile hairdresser insurance includes this element.

There are some insurances common to both salon and mobile operations:

Public liability insurance provides an indemnity against any injury to a third party or parties and damage to their property caused by your business (or on your premises). Both types of business may consider business interruption insurance which provides for loss of income caused by an inability to trade.

Money cover is also a useful insurance for both. Subject to certain security conditions and value limits, your business cash is insured in and out of business hours, in transit and in your home. Some terms of money cover also include a personal accident clause which covers you and your staff if you are assaulted whilst in charge of the business cash.

For even the most skilled and experienced hairdressers things sometimes go wrong. Cover for treatment risks is an excellent optional addition to salon and mobile hairdresser insurance. A hairdressing business these days may offer more than just hair styling services. Many have extended into a range of beauty treatments. Treatment risk cover therefore not only includes hair cutting and styling and hair treatments such as tinting, bleaching, dyeing, straightening and perming but also work on wigs and hair pieces, hair removal, eyebrow tinting, eyebrow shaping and ear piercing.

Some cases where a claim is made against treatment cover may have legal issues so having a policy that includes commercial legal expenses is another excellent addition to the suite of insurance for hairdressers.

Specialistrisks are happy to provide quotes for salon and mobile hairdressers insurance