The thing is there is quite a simple answer for this one. If you dont have business insurance then you really could get into serious money problems if someone tries to bring something against the company. The thing is if you are a small company then it is very unlikely you are going to survive a potentially huge court process as well as a possible payout of thousands.No insurance company is going to want to even look at insuring you if you wait until after you have been hit the first time, even if they do it is likely to cost you at least double it would have dione in the first place. (more…)
March 3, 2010
October 30, 2009
Don’t Count on Home Insurance When Making A Home Based Business Claim
Research carried out by one of the UK’s largest insurers, Direct Line, has found that many home business owners are leaving their business uncovered by not having the correct business insurance. If your business isn’t covered with the correct insurance, you could end up loosing money if your business is ever unable to trade due to un-seen circumstances.
Direct Line found that over 25% of all home based businesses don’t have the correct insurance to cover themselves. (more…)
October 28, 2009
Price Comparison Sites Becoming Redundant
Even if you rarely watch TV, no doubt you have seen one of the aweful adverts from the price comparison websites, whether it’s Peter Jones walking around a glass supermarket, or an opera singer dancing around a coffee shop, the adverts just seem to get worse each time.
It was a couple of years ago now that we saw the first price comparison site TV advert, this was back when they only really dealed with car insurance. However, as these sites get bigger, they have discovered how lazy the people of the UK really are and have widened their sites to offer anything and everything, from loans to small business insurance. (more…)
October 20, 2009
Getting Ready for an Annual Workers’ Compensation Audit
Your business’ actual workmans comp insurance premium is based on the annual workmans comp audit performed by the insurance company. This insurance premium can change dramatically from the estimated insurance premium used for your original policy.
To expedite the process, assign one person as the sole contact for the auditor. (more…)
Difficulties with Workers Comp Insurance Carriers
If you’ve ever had to run a business then you’ve dealtwith workers comp insurance companies. Having to deal with the constant threat of increased premiums will make any employer paranoid.
No doubt you already realize that there are many things that can occur in your company that can cause the workers comp insurance companies to increase your rates. (more…)