Posted by admin on April 30, 2012
I have just started up my own small catering business and finding cheap warehouse insurance with the right coverage was easy enough. However there are a few things that should watch out for if you are looking to find a quote. You should only pay for the policies you need, don’t get talked into getting cover for things such as money if you never handle cash or cheques on the premises. That’s not to say you should take risks, if you do use vans then you should include their coverage and the goods in transit too.
In general, a good warehouse insurance company will discuss the specific needs of your company and if you are not confident organising it online, there will always be a number to ring so you can talk things through. For my own business I found that companies would be flexible on policies to meet my specific needs. Obviously as I am new to the catering world, so keeping initial costs at a minimum is a priority. To find the cheapest insurance quotes the best way to do this was by looking online. You can use comparison websites or simply go to a few of the highest ranked insurance companies and complete their free quote forms. By completing an online quote you are not obligated to that company in any way and for comprehensive cover you can then see which company has the best rates.
My business has not as yet run into any unexpected problems, nevertheless I do feel a great sense of relief knowing that I am covered in the event of any future issues or incidents that might occur. With my new business even just a small theft or accident could ruin me so being covered means I can now sleep easy at night- when I’m not worrying about all the other things I have still to organise anyway…
Posted by admin on April 16, 2012
The fallout from the attacks on the World Trade Centre on the 11th of September 2001 was always going to have wide and long reaching consequences. Not only did it spark conflicts, determine global policy, contribute in part to the financial crisis, but it is also having lesser publicised effects such as on construction insurance.
American Home Assurance has insisted that it has no further liability to pay on insurance it provided relating to asbestos in the twin towers. The North Tower’s first 39 floors were insured to the tune of $10 million for any asbestos related illnesses that may be caused. These were insulated, and the rest of the tower and the south tower were built using safer materials. Of course the asbestos would likely have proved no harm without the attacks. Claims are still being made but American Home Assurance’s cover has reached its limit.
This is obviously not the only insurance claims that have been made on the towers. Just weeks before the attacks a 99 year lease was agreed on the World Trade Centre complex, with a $3.6 billion insurance claim. Insurers want to treat the complex as one pay out, however the owners believe that since each tower was hit, each incident should count as two separate liabilities, equating to a $7.2 billion pay out. Many observers look at the timing of the policy and deduce that it must be a scam, however as the complex is now being rebuilt, it is unlikely anyone made any substantial profit from having the towers knocked down.
Posted by admin on April 8, 2012
Social Club Insurance is vital for all social clubs due to the variety of risks that may be involved. Many social clubs are also run with charitable intentions and are not motivated to turn a profit. Therefore an affordable insurance solution is essential for clubs aiming to keep their costs down for their members.
Social clubs can have all sorts of purposes, and different types of members and attendees which pose many different risks. Nightclubs are one type of social club which poses several risks. With the sale of alcohol, and many of their members acting under the influence of it, accidents and violent incidents are common place and much of the responsibility falls on the nightclubs to prevent this. Adequate insurance cover is therefore needed for any incidents that may occur due to negligence of staff, or indeed to cover damage caused to premises.
Gyms are another form of social club which has considerable risks. With heavy and dangerous equipment used by many members, there is often a considerable risk of injury or damage to equipment. Gyms often require members to undertake an induction to learn how to use equipment. Swimming pools pose a significant drowning risk and trained lifeguards are required at all pools in the UK. However accidents and fatalities still happen.
Any organisation which uses premises can suffer from damage that would be covered by insurance, and any organisation which has members can have accidents or damage in even the safest of activities, making insurance an essential cost, even for non profit clubs.
Posted by admin on April 2, 2012
Business, like life, can never be predicted 100% accurately. One un-enjoyable aspect of this is unforeseen cost. Whether this is your car or a home appliance breaking down, or even if it doesn’t break down and simply needs a service to make sure it’s road legal, the costs seem endless and unpredictable. Now consider a business, did you really consider warehouse insurance when fancifully thinking up your entrepreneurial idea?
That is why businesses have teams and teams of people to consider all possible scenarios and costs before embarking on a project, but rarely do they seem to get it right. Consider some of the most high profile recent government projects. The London Olympic Games was originally budgeted to cost the UK £2.4 billion to host when the bid was made back in 2005. Now in the year of the games the budget has been revised dramatically to £9.4 billion, though it surprisingly hasn’t increased any further recently.
Like London, Scotland’s capital, Edinburgh has also seen budgets balloon in the last decade. The Scottish Parliament in Edinburgh’s design was derided by many and the costs ended up ten times higher than originally anticipated. Then there are the trams. It is inconceivable how it has cost more than a billion to fail to put even one tram on a fairly simple route that replaces a bus service. The advice is, make sure you leave considerable room in your budget for unseen costs. The top people in the country have got it spectacularly wrong on numerous occasions.
Posted by admin on March 25, 2012
The Construction Industry has been one of the main industries to suffer as a result of the global economic downturn. In the European market, the gross domestic product of the construction industry has fallen every year since 2008, and despite nearly stabilising last year, this decline has still put the industry back to 1998 levels of output. As a result costs such as construction insurance have become a key area for companies to cut back on as demand falls.
Most of the slump originates from the declining housing market, with Scotland reporting that 2011 had the lowest number of completed housing constructions since records began. Since the property bubble burst with declining house prices widespread in all areas of the country, it was unlikely that many would invest in the construction of new houses while many houses remain on the market for years, and many potential buyers fail to gain a mortgage in the face of new found prudency from banks.
Perhaps one positive for the industry is the government’s willingness to spend on infrastructure. With David Cameron’s call for investment in our road networks today, along with existing plans for rail and of course, the London Olympics, perhaps this public sector investment will be the tonic that the UK construction industry needs in 2012. The property market shows no signs of picking up, however construction firms can look beyond Europe to be encouraged. With developing countries like China and India needing to house ever growing populations and spend ever increasing wealth, the global construction industry is expected to actually grow by 67% in the next ten years.
Posted by admin on March 19, 2012
A construction site can be a dangerous place. Workers need more than hard hats to keep them safe. Construction is the highest risk industry in Europe, with 27% of all fatalities in Britain last year coming in the construction industry. This is why construction insurance is essential. It doesn’t just insure the project being worked on, but also ensures the safety of the staff and anyone else who comes in to contact with the site. Even the best managed projects can be affected by unforeseen circumstances and even the most high profile projects can be affected by mismanagement.
Construction Insurance from a good insurance company would cover these potential hazards and more. In recent times, many high profile construction projects such as the Edinburgh Trams and Wembley Stadium have been hit with a myriad of problems which led to spiralling costs. Wembley Stadium was hit by problems such as roof rafters falling, and sewers beneath the stadium buckling which both put staff in danger, and delayed the completion of the stadium by several years. This lead to loss of revenue and the increased costs lead to Multiplex, the main contractor on the project, losing millions on the project. With legal action following, construction insurance would have been essential for all involved.
A good insurance company will offer a flexible, fast and easy approach to construction insurance. You can get cover in minutes over the phone, for any size of project. Insurance can be annual or for specific projects, and can start from as low as just £495 a year, with a range of easy payment options to suit.
The Perks of Renting in Camden
Posted by admin on March 11, 2012
The London riots last year showed that when members of the public feel aggrieved, there is a potential for them to lash out in the most destructive way they can imagine. Residents of Tottenham were aggrieved at the treatment handed out by police to ethnic minorities, and lashed out on their own community, with most of the impact hitting local businesses. Warehouse Insurance is essential for the chances of such chaos descending on Britain again, but more importantly for the multitude of smaller scale attacks that hit Britain’s businesses every day.
While most of the damage in the riots was done to shop fronts with merchandise looted from the store, common criminals are more likely to realise that warehouses hold much greater value. Statistics confirm that most criminals not acting off pure emotion realise this and target warehouses. While a company can take many measures to ensure the security of its goods, where there is a will there is a way, and criminals will always find a way to bypass them, as highlighted by the computer hacking group ‘Anonymous’, who managed to bypass the FBI’s security systems and take their website down. Furthermore, as the cost of watertight security measure will often surpass the value of the goods; warehouse insurance will prove better value for money.
Warehouse Insurance will also cover incidences of fire and other damage caused to stock and is essential as if a company loses a significant amount of stock this can often be enough to put them out of business.
Posted by admin on March 4, 2012
As many as 9 out of 10 golfers are not covered by any kind of insurance but unfortunately, today, that puts individuals at high risk. You can be sued for any accidental damage you do to the green or other players and if any of your expensive golf equipment is stolen or even mistakenly taken by another that can mean you have to dig deep in your own pocket to pay for replacements. Therefore it makes sense to get golf club insurance and cover for other equipment such as your golf bag, trolley, umbrella and any specialist clothing. Protect yourself with public liability cover on the course so then all you have to worry about is getting that swing right.
Leaving wallets in the changing room or equipment in the car park of a course can leave you open to risk of theft but the most expensive mistake is any accidental damage to another player on the course. A good example of an expensive damage liability case is the Pearson/ Lightning case. Mr Lightning claimed he wasn’t responsible for medical expenses because he shouted ‘fore’ to warn the player he had hit a slice. However Mr Pearson did not hear this and it resulted in quite severe damage to his eye- causing a detached retina. Lightning won the case and this could happen to you as proximity of the holes on the course can quite often lead to error balls flying into someone. However when golf club insurance and liability insurance can literally cost you pennies per week you don’t have to pay a fortune for peace of mind.
Getting golf club insurance is quick and easy especially now there are so many online companies- you don’t even have to leave the house to purchase it. Plus, if you don’t have high end equipment then you can specify this for a different level of cover.
Posted by admin on February 25, 2012
Running a social club is fun and rewarding but this can turn into a nightmare if you are not covered properly. Whether you are hosting a member’s only club or snooker club its hard work to sort out all the legal and insurance policies. However by searching for social club insurance online you can take away a lot of the stress. There are so many good comparison sites to use when looking for cheap yet quality insurance to guarantee you a good price but with insurance policies that suit your specific needs.
One quick online form is all it takes to get instant social club insurance quotes and by using the internet you can also check reviews and ratings on the insurance company from previous customers. Plus, most of these insurance sites don’t require any obligation once you’ve completed an online quotation- you can shop around as much as you like. You can select whether you would need loss of license cover, disco/sport or computer equipment cover depending on what you use the club for. Everyone is required by law to have Employers liability cover as this means you are covered for any claims that a staff member makes against the club. It is also highly recommended to get Public and Products liability. If any member of the public is caused injury or harm whilst on the property or taking part in the social club activities you will be covered for any compensation needing to be claimed for medical or legal fees.
You can also filter out social club insurance that won’t provide the financial payment options you prefer- if the club doesn’t yield much profits you can choose a company that accepts monthly instalments to spread the cost.
If you’re new to the Job, check out your Policies
Posted by admin on February 20, 2012
Warehouse insurance for your business goods needs to be comprehensive. In the case of an accident or claim you don’t want to be left with expensive legal fees for not having proper cover. Most good insurance companies will mean you are covered for the following and have extras such as commercial legal protection or any other tailored options your specific company might need as well as the warehouses contents.
Business interruption
If you do have a loss of stock or damage is done to the building one of the most expensive costs to your business can be the disruption time. You can have a loss of income whilst the goods are not available or extra sots for getting replacements. With business interruptions cover any additional expenses and cover any loss of profits you may have during the out of business time period. Generally you will need to work out with insurance company an estimate maximum period it would take to get your business up and running again.
Engineering covers
This is cover for any electrical or mechanical accidents, break down or damage. Many warehouses will have boilers, computers, and fork lifts to maintain their stock so these items will be insured.
Theft
The warehouse will be covered in the case of someone breaking in and removing goods or money.
Public liability
This insurance cover means that if anyone makes a claim against you for any damage or illness as a result of being on or working at your premises then you are covered for legal and medical fees.
Employer’s liability
This is the same idea by specifically for any employees you have working at the warehouse, even voluntary staff.
Product liability
This is slightly more complex but if your goods do not meet up to the standards expected then you are protected against any claims made.
Goods in transit
This insurance policy means that if any goods are damaged or lost whilst been transported then you will be recompensed or replaced by the insurance company.
