city-steam

by sludgegulper

Motor Trade Insurance

Anybody who works with vehicles, or sells or deals vehicles, will need motor trade insurance. Motor trade insurance policies tend to cover the driver, not the vehicle, giving the driver greater flexibility and freedom when doing test drives, demonstrations, and moving vehicles on the road and within trading premises.

The first thing an insurer is likely to ask is what type of vehicles you are working with – for example, are they private cars, commercial vehicles, or HGVs?  And next, what is the nature of your business, are you involved in selling / dealing vehicles, or in their maintenance, service and repair? It is very important to have a clear picture of your business to give to potential insurers, to make sure you get quotes covering all necessary aspects of your business.

There are various types of policies that a motor trader can opt for. Some cover road risks only; i.e. risks when actually driving the vehicles, and others offer broader coverage.

If you are in the business of vehicle sales, you will need cover that allows you to test drive and demonstrate a number of different vehicles, as well as collect and deliver them, take them to the workshop for repairs if necessary, etc. usually, this is called a ‘road risks’ policy.

There are different levels of cover, from Third Party only – which is the minimum legal requirement and doesn’t cover you in case of fire or theft – to Comprehensive, which has a much broader level of cover for your and other people’s vehicles.  Insurers will require quite detailed information about the vehicles registered to you or in your care as part of your business, so check with them how this information is submitted and maintained – you want an easy to use and accessible system.

You should also check whether a policy covers+ Social, Domestic and Pleasure use too (referred to as SD&P by those in the know). If it does, that means you can use your vehicles for driving to and from work, for example, as well as in the course of operating your business.  Including SD&P may raise your premium, so think carefully about how you will use your business vehicles.

If you are operating in a showroom, forecourt or garage you must consider premises insurance, which protects your property in case of damage, or theft of, or damage to, the contents of that property, such as machinery, tools, money and personal items.

Finally, there is liability insurance, which goes beyond simply covering damage to or loss of vehicles and property, but also protects you against liability to customers and staff in case or injury or legal grievance.

The law says that if you employ any staff at all, you must have Employer’s Liability Insurance to protect you from compensation claims, should your staff be injured at work. Public Liability Insurance is not required by law, but is strongly recommended as it protects you in case someone is injured on your premises and decides to sue you. And Product Liability Insurance will protect you if a vehicle or part you provide later turns out to be faulty, and causes damage or injury.

Some specialist insurers may offer packages that combine road risks, premises and liability insurance, which are specifically designed for motor traders. It is definitely worthwhile finding out who the best specialist insurers are, and talking through your individual needs with them.

Welcome to Lexham Insurance, one of the UK’s largest independent brokers providing Moped, Scooter, Motorcycle and Quad insurance. We also offer many other insurance services including Car Insurance, Motor Trade & specialist insurance schemes for Classic Bikes. Our aim is to provide low cost premiums combined with a first class service. www.lexhaminsurance.co.uk

by NoWin

Ford Fusion Insurance | Cheap Ford Fusion Insurance Rates

Ford Fusion insurance just got easy! Get the level of cover you require for your Ford Fusion and save money. Simply complete one quick’n'easy online quote form to recieve Ford Fusion insurance quotes from all the major insurance companies at once.

** Click Here To SAVE 50% On Your Fusion Insurance **

If you’re looking for competitive Fusion insurance it makes sense to approach as many auto-insurance companies as possible. Simple math dictates that more quotes will result in a cheaper Ford Fusion policy. Hunting for quotes can be very time consuming. Entering your details into several Ford Fusion insurance quote forms quickly becomes tiresome. You could forget online quotes and contact local insurers but chances are your Fusion policy will cost more and you will waste a day on the telephone. So what is the answer? The company (in the link below) takes the hassle out of the process. You enter your details ONCE into a simple form online, and recieve Ford Fusion insurance quotes from all the leading auto insurance providers.

** Click Here For Fast Ford Fusion Insurance Quotes **

So why does Fusion insurance vary so much between different insurance companies? Each company takes different factors into account when deciding the price of your Ford Fusion policy. Your age, location, marital status and gender are all basic factors which help them assess risk. Your Ford Fusion insurance can vary hugely depending on which provider has the most favorable calculation for your circumstances. Each of the companies which provide insurance for the Ford Fusion using this service will give cover to at least your State’s minimum level and normally exceeding the statutory requirements. You will get Ford Fusion cover that meets your requirements and save time and money in the process. Typically drivers find that Ford Fusion insurance quotes through this simple comparison service can result in 50% savings over their previous Fusion insurance price. There is no obligation to take out insurance and naturally no fee to try this insurance comparison service.

Professional Indemnity Insurance Explained

Professional Indemnity Insurance provides essential financial protection for a wide range of professional advisers including accountants, engineers and computer consultants. In the event that a client suffers financial loss as a result of alleged neglect, error or omission professional indemnity insurance will meet the cost of defending claims and any damages payable.

Any person who gives advice, designs, or offers similar services in a professional capacity is seen by clients as an expert. In these times of high consumer awareness, clients will not hesitate to pursue a claim if they feel that they have received sub-standard service. The need for professional indemnity insurance has never been greater.

While some professional people see professional indemnity insurance as an expensive and unnecessary overhead, we know from experience that any professional can produce substantial claims. Court awards have risen sharply in recent years. Without insurance, the financial security of a business is threatened. The following examples highlight the importance of professional indemnity insurance:

A business wished to be known by a particular trade name. After consulting with company registration agents, it was told that there was no objection to its chosen name. Proceedings were issued by a company with a similar name and £20,000 was paid in connection by the agents.
Detailers prepared structural drawings for the erection of steelwork. It was subsequently alleged that the drawings contained errors and £110,000 was claimed for the costs of alteration and the resulting delays in construction.
An auctioneer sold property at auction over a number of years. It was alleged that the property was stolen and a claim for £250,000 was brought for conversion.
It was alleged that consulting engineers were negligent in their design of waste heating boilers. A claim for £4m was brought for the cost of extra work and the resulting delays.
An estate agent missed the opportunity to carry out a rent review because of a defective rent review notice. The claim was settled for £50,000.

We are happy to provide professional indemnity insurance quotes for the UK or anywhere else in the world. So please visit Professional Insurance Agents where you can get an instant online quote and be on cover in a matter of minutes.

More Professional Indemnity Insurance Quote Articles