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A blog for insurance that is dedicated to publishing the work of our guests, not the views of the webmaster. So if your into insurance enough to blog about it why not submit your content.
A blog for insurance that is dedicated to publishing the work of our guests, not the views of the webmaster. So if your into insurance enough to blog about it why not submit your content.
on December 14th, 2011
No matter what boat you own you are going to need some form of boat insurance in order to protect yourself from whatever might go wrong. Most insurance companies classify all boats in the same category, though; this means that a barge, houseboat, narrow boat or speedboat is usually classified as the same thing.
The first choice you as a boat owner must make is whether you take out comprehensive insurance or third party only insurance. This acts as the most influential factor on the cost of your insurance because it stipulates whether your insurer will be forced to pay out should an incident between two vessels occur.
The next factor which will determine how much you are forced to pay in insurance is the value of your vessel. For example, if you have a boat with the most expensive equipment on the market then it will cost a lot more to repair than a rowing boat should an accident take place. It should also be noted that no matter the price of the boat, the age of the boat will be taken into account by most boat insurance companies.
And finally, the number of years on your no claims bonus will affect your insurance costs. Just like with most insurance types, the number of years will affect your costs, but most companies will provide you with a five year or six year no claims bonus.
These are the three main factors which will come into play when trying to insure any boat, but there are also some additional options which may have a significant effect on your insurance quote. These are self-explanatory and will differ depending on the insurance company, but breakdown cover is an option, contents cover is an option, and you can also take out a bonus protection on your no claims bonus.
With certain boat insurance companies, you may find that you are presented with a quote which is higher than you expected. This could be due to many reasons, but the most likely reasons are your age and your location. Some insurers may give higher quotes to people who are over 70 or under 25 whereas other insurers may stipulate that the location of your boat puts you at a greater risk of having an accident.
Quotes from a number of reputable boat insurance companies are available at www.boat-quote.co.uk
on December 8th, 2011
“The blame culture” may be derided as one of the most unwelcome of American imports, but that fact is that it is here to stay and the only way to protect your enterprise is with appropriate small business public liability insurance. Even of you take sensible measures against accidents happening, your business could still loss money if you are not properly covered. As with all forms of insurance, you need to balance the costs of the insurance premiums with the level of cover provided. Some businesses see this insurance as a cure-all, so it is important to know exactly what this covers and what it doesn’t. Some of the advantages of small business public liability insurance in the UK are listed below:
Refund of claims awarded and associated legal fees – pretty obvious really, this is the main reason to get covered. It is important that both of these are refunded as, although it is the big payout which makes the front pages, the legal fees can also have a massive impact on a business’s profitability.
Legal advice – a more subtle advantage of getting covered, the business can concern itself with making money while leaving the experts to deal with the constantly changing legislation. Don’t forget that if you are fortunate to win the case, the legal fees will be recovered from the other party.
Property and employee cover – these can be optional extras but they are very frequently taken up. As anyone knows, property is an asset to any business and it should be protected like any other. This cover can provide funds for property repairs or even money for a new premises, should the need arise. The employee cover is perhaps less clear cut. It is often incorporated not only for simply financial reasons, but it is a way of a business showing that it is also concerned about its staff’s well-being. However, for some businesses, say when the staff are entrusted with potentially dangerous activities, this insurance is highly recommended for business reasons.
Visit Specialist Risks for small business Public Liability Insurance.