Financial protection is essential if you run a business. Taking out a business insurance policy is one way to achieve financial security.
As you search for the best business insurance policy, you may encounter a few myths that can negatively affect your decision. Therefore, we’ve debunked some of the common business myths below so you know the facts.
“Public Liability Insurance Isn’t Necessary”
Public liability insurance is not a legal requirement for all businesses. Read More»
If you are a commercial property owner, you understand the importance of commercial property insurance. The policy provides coverage for a variety of risks associated with commercial properties.
This post explores two main things that commercial property insurance covers. So, if you are interested in learning more about what commercial property insurance can do for you and your business, keep reading.
Fire Damage
If your commercial property sustains damage from a fire, your property insurance policy will help pay for the repairs. Read More»
Owning a small business usually means that cash flow is limited, more so when you are just starting. Consequently, new business owners tend to be frugal when it comes to their operational expenses, as eliminating unnecessary costs can go a long way in bolstering their bottom line. Nonetheless, while there are some elements that you can overlook, insurance should never be one of them.
Public liability insurance, particularly, is integral for small and large businesses alike, as it is what protects you from being sued for damages by members of the public. Read More»
A resident unit manager is likely to require liability insurance to protect themselves against any claim for damages that they may be found liable for. The type of indemnity insurance they need will vary depending upon the nature of the units and their residents, but it is likely to be a combination of public liability insurance, professional indemnity insurance and possibly employers liability insurance as well. In order to properly utilise resident unit manager insurance, the manager should be familiar with the different types of liability insurance. Read More»
Consultants such as accountants, lawyers and financial advisers offer services in exchange for fees. However, during such a transaction, another party might suffer losses or damages be it financially, emotionally or their reputation. In this sense, a legal liability will arise due to the alleged consultant’s error of omission or acts of negligence when rendering such a service. Also, failure to provide a service as may have been agreed between a consultant and another party, can form a ground for legal liability. Read More»
