Inform Your Insurer About Running a Business from Home

January 16, 2012 - Posted in Insurance Tips - Permalink

Inform Your Insurer You Are Running a Business from Home


 


Inform Your Insurer That You Are Running a Home Business


 


If you do not let your insurance broker know that you are operating your business from your residential premises, you stand the chance of not being paid out if you incur any losses or damages.


If you have a fire or are burgled, and the insurer was not informed that you run your operation from home, the chances are you will not be paid out for your claim.


Insurance companies insist that everything is declared right up-front any information that might affect the risk. This way the insurer can decide if they do or do not accept the risks and  terms by giving you cover for your business.


If you run the kind of business where there are many vehicles that come and go to and from your premises, the insurance company might decide right from the outset that your insurance might be too risky and decide not to cover you, the client, if a theft occurs. The only way that you would then be covered if a theft occurs is if you could prove forced entry to your premises.


Therefore, for example, if you make wooden goods at your home and you use flammable materials, your insurance company has the right to turn you down on fire cover, unless you install preventative measure and improve on all the fire hazards in and around your premises.


If you need to take out this kind of cover, then enquire and find out from your insurance company what is needed in order to take out that particular type of cover.

Personal Liability and Your Home Business

January 16, 2012 - Posted in Insurance Tips - Permalink

 Personal Liability and Your Home Business


 


Take Out Liability Insurance When You Run a Home Business


 


Running a business from home is a huge responsibility, but if someone is hurt on injured on your premises you will be held responsible, and this could run into thousands.


 


You will be held responsible for all the medical bills, and anything else pertaining to the injury.
It is important to note that your personal insurance does not cover liability cover for your profession or for your business.
You need to enquire and find out from your insurance broker what the specific risks are associated with your services or business.
You can usually take out liability cover separately.
 


A couple of excellent examples of home-run businesses would be hair dressing salons, guest houses, B & B establishments, play groups and others.


 


Vehicles and your home business:


 


* It is imperative that you inform your insurance brokerage if you use your vehicle or car for business purposes, as this will be taken into account when your premiums are calculated.
* The car and vehicle insurance that covers business usage varies from one insurance company to another.
* Vehicles that transport stock, passengers or employees, equipment etc. will be covered by commercial insurance brokers and not under the insurance that covers your home-run business.
 


Be on the safe side and ensure that you have the correct, sufficient cover to avoid any unpleasant surprises.

Insure Your Home Business

January 16, 2012 - Posted in Insurance Tips - Permalink


Insure Your Home Business


 


With the recent economic crisis, it makes a lot of sense that more and more people are opening up and running businesses from their homes. It is common-place for individuals to run play groups, cut hair, run IT programming businesses or do books from home. It is best therefore to ensure that your business has the correct cover to avoid any unpleasant surprises.


If your business is one where you keep stock, most personal insurance policies cover the stock for businesses that are run from your residence. This is optional cover and is not automatically covered under the house contents insurance cover.


There is, however, a limit to the amount that products are covered for; the amount usually is in the region of R20 000. This is always for a single event, though. The cover is only for the stock that is at your residence and falls under the specific risk written on the schedule. These could include fire and theft.


It is advisable to do your homework thoroughly as insurance companies have their own rules and regulations for businesses that are run from home.


An excellent example is when individuals and business owners make educational toys and clothing from home to sell, and they could even include catering, baking, plastic wares and fashion jewellery.


 


Running a home-based business is an excellent idea as the overheads are reasonably low; ensure that you go about running your enterprise correctly right from the outset, and ensure that the business is covered sufficiently by your insurance company.




 

Insurance Tips for Guest Houses and B & B Establishments

January 16, 2012 - Posted in Insurance Tips - Permalink

 Insurance Tips for Guest Houses and B & B Establishments

Always Have Cover When You Have a Home Business
When you run a business from home it is important that you are covered for all or any eventualities.
Optional cover for guesthouses and B & B establishments is usually available only if the guesthouse is run from your home or residence.
Some insurance companies offer optional cover for guesthouses as part of the household contents insurance policy, but this is normally the case if the guesthouse is run from your home or place of residence.
The insurance cover for this purpose is normally limited to the personal property of the guests  and is also limited to the personal liability of the holder of the insurance policy.
Guesthouses and B & B establishments are then fully covered should something happen to their guests while staying on the property; for example in the instance of contracting an illness, get food poisoning or slip and fall and are injured in any other way on your property while residing there.
In order to qualify for a grading by the Tourism Grading Council of SA, you have to have liability insurance to be graded by the industry.
In any event, it would not be wise to have this type of establishment without the correct cover.

HOW TO GET BUSINESS INSURANCE QUOTES

January 13, 2012 - Posted in Insurance Articles - Permalink

As a business owner it would be a wise move to get your company insured as if anything should go wrong, you can be held personally responsible for injuries or damages that take place on your premises or during the course of normal business operations.  If you are not adequately insured and it you are proved to be liable for any damages or injuries incurred, you will have to use your own assets to pay for any claims made against you.

So plan how you are going to go about getting a business insurance quote to suit your business. With a general liability insurance you will be protected against such claims.  Therefore you can see that getting a business insurance quote is one of the first steps on which you should embark. Shop around – there is no need to phone every business insurance company in the yellow pages – just go on the internet and get comparative quotes for the same product. This way you get to cut out the middle man and search for the best deal.  On average you will save 20-30% on your premiums.When you compare business insurance quotes keep in mind that many quotes do not provide comprehensive business cover. Also, the excess payable when you claim could be very high.  No matter the size of your business or the industry you operate in, a business insurance package can be tailored especially for you.

Business insurance is of major importance in order to keep your operation running safely and smoothly. Small business insurance is especially important for those companies who cannot afford a major financial setback. So how do you go about getting insurance for business operations, especially if you’re a first-time entrepreneur?

Business insurance can be a complicated matter to tackle on your own, so an alternative method to an internet search is to work with an experienced agent. This will somewhat simplify getting multiple business insurance quotes.

When you get right down to it, a business insurance policy can protect you in a variety of ways – not only from fires, hurricanes and break-ins, but also from someone suing you should an accident occur.

 

Who is Carprehensive Insurance?

November 7, 2011 - Posted in Insurance Articles - Permalink

Prime Meridian’s Carprehensive product has been deliberated to ensure that ordinary South Africans can now have sound cover for their cars; the product is affordable and it is very easy to get hold of and relevant to specific needs. Covering the biggest day-to-day risks at the lowest price remains central through a product and service offering that includes all of the power that similar mainstream insurance offerings include.

You might want to know exactly who Caprehensive Insurance is;  Carprehensive Insurance is underwritten by RMB Structured Insurance for a cheaper option on car insurance cover. The cover is a little different to the norm in that varying percentages of the vehicle’s value are being promised by Carprehensive Insurance if the vehicle is written off; this all depends on what the insurance contracts says, though,  but you have to bear in mind that most car insurances will cover your vehicle at the market or the retail value, but Carprehensive Insurance will only insure your car at its trade value, Only total loss is covered , and not damage that is done where the vehicle can still be recovered.

An insurance with a difference; you have to decide if this is the product for you, and if it is Carperhensive Insurance that you prefer, then you will find that this product is a lot cheaper than any other cover, saving you substantial amounts on premiums every month.

Insurance For The Exotic and Unusual

October 24, 2011 - Posted in Insurance Articles - Permalink

If you require insurance for something a little bit different and out of the ordinary, there are many individuals out there that need cover for things that are a little unusual Bear in mind that flying and scuba diving and searching for treasure beneath the waves is not for everyone, but there are certain people that do this for a living. You might partake in dangerous sports as a hobby or pastime, too, and will need insurance cover if something should go awry.
Exotic animals are not everyone’s cup of tea, but there are many people who love to keep exotic pets. These are usually really very expensive and would also need to be covered by insurance, as they are enormously expensive to replace should they die or become ill.
Look for an insurance house that will give you a good deal on insuring the unusual and exotic; the best way to do this is to go online and compare these with a whole lot of different companies and comparative quotes. For convenience and ease of access, you will be able to do so online without any difficulty at all.
If you are a model and earn your living by modeling your legs or face, you will be able to take out insurance to cover your assets, too.
Go online to compare quotes today! You should insure the things that are most precious to you and your livelihood. From legs to dragons – there is
an insurance policy for the exotic and unusual that will be able to cover you should anything untoward happen. You are on the right page; all you have to do is contact us for further information.

Insurance For The Exotic and Unusual 20111024760.7236 Insurance For The Exotic and Unusual

Car Insurance Companies and The Environment

October 24, 2011 - Posted in Insurance Tips - Permalink

Car insurance companies are responsible for making the environment more carbon friendly, and should be more in tune with the world around us. Surely the changing climactic phenomena is not a co-incidence and the fact that we are experiencing floods, mud slides, tsunamis and earthquakes and strange weather patterns all over the world. The ice at the poles is melting and soon whole cities will have disappeared due to rising water levels, plus fertile areas that were once green are now turning into deserts. If all commerce and businesses did their bit to saving the environment, there could be a market improvement on gasses being emitted, plus the irresponsible cutting down of trees that filter the air will be slowed down and in some instance, halted altogether. Insurance companies can be more eco-friendly by giving quotes online and by being paperless. Getting an online insurance quote from insurance car companies is really quite easy. You will now be able to get quotes for your vehicle, motor cycle, water craft, caravan, trailer and van, and with the new method of doing all this online, the method has become easy and very user-friendly, plus you will now be able to get quote from a couple of companies so that you can make comparisons.
Green drivers (and no these are not Martians)!
If you are adamant and insist on going green while driving your car here are a couple of pointers:
•    Speeding kills and driving in the speed limit you will improve your fuel consumption and reduce your car’s emissions into the atmosphere.
•    Make fewer journeys; fewer trips equals less fuel consumption. Walk wherever you can, as this burns kilojoules, and saves fuel.
•    Idling burns unnecessary fuel and pollutes the air.
•    Turn the air-conditioning off once your car has reached the correct temperature, as this will reduce emissions into the air and decrease fuel consumption.
•    Well-maintained cars use less fuel.
If you would like to find out more about going green and also more about car insurance companies and their effect on the environment,  you have landed on the perfect spot. Simply contact us for an online quote that will suit your pocket.
.

Car Insurance Companies and The Environment 20111024774.7401 Car Insurance Companies and The Environment

Saving on Insurance

October 24, 2011 - Posted in Insurance Articles - Permalink

When shopping around for different quotes to make comparisons on packages and prices, you would be pleasantly surprised at the huge variety on offer, and how much you will be able to save on insurance. You no longer have to go from company to company and there are no longer appointments to be made and kept; simply go online and find quotes from no fewer than ten insurance companies.
So – which one to settle for? The one that suits YOU, the individual, of course! There is bound to be at least one quote and one package that will be ideally suited to you and your pocket, every time.
When making comparisons on car insurance, find one online;  it is as simple as that; nothing could be easier. With a couple of clicks of your mouse, you will find comparisons from all the major players in the industry.
You will be asked to supply your information pertinent to the car you are insuring. For example you would be required to furnish the year, model and also mileage of your vehicle in order to get accurate quotes.
When purchasing a brand new vehicle the dealership will not permit the car to be removed prior to furnishing the company with full and pertinent details of your insurance and insurance house. Simply organize this prior to the purchase so that you will save time on delivery of your new vehicle.
House insurance, car insurance, life insurance, long term insurance, and short term insurance can all be compared online, and you could save yourself as much as 30% on your monthly premiums by shopping for comparisons online.
With the economy being the way it has been over the past couple of years and the insecurity of so many jobs, it is good to think wisely and save on unnecessary costs wherever you can.
Call us today and find out how you, too, can save on insurance.

Saving on Insurance 20111024301.948 Saving on Insurance

Lif Insurance – Ten Points To Know About Life Insurance

October 24, 2011 - Posted in Insurance Tips - Permalink

Ten Points To Know About Life Insurance
•    You have been paying your life insurance for eons, therefore you should be in a position to know exactly when and what your policy will be paying.
•    Ensure you understand the differences between life insurance and life assurance; what the various terminology refers to and what the various terms and conditions will mean when it comes to paying you out for the policy.
•    Funeral insurance is provided by your long or short term insurer.
•    Your policy with a long term insurance company means that the life insurance company simply cannot cancel your policy at any time, and most importantly if you suddenly become ill.
•    Your short term insurance company will renew your insurance every year and they can legally terminate or discontinue to insure you if your health should not continue to be good.
•    Disability insurance as well as impairment insurance is recommended and should be taken out over and above any other life insurance should something untoward occur and you are no longer able to continue working.
•    Always scrutinize all documentation prior to signing – you need to see exactly what the fine print is telling you at all times.
•    Ask questions and more questions when signing on the dotted line. Your insurance brokerage is there to assist and help if you have any doubts or should you need to know a little more.
•    Impairment insurance is based on you getting sick.
•    Disability insurance is when you become disabled, and has a wide range of costs as well as a plethora of benefits.
Look at all your options really carefully and examine the fine print when taking out life insurance to avoid any pitfalls. Find out more about life and any other insurance by contacting us today; you will be glad you did.

Lif Insurance Ten Points To Know About Life Insurance 20111024289.5625 Lif Insurance Ten Points To Know About Life Insurance

« Older Entries