Public Liability Insurance
Being a business owner or employer, it is your legal responsibility towards your customers, employees and the general public. You could be held legally liable and risk being sued if a member of the public or an employee suffers an injury as a result of your breach of duty or negligence.
Liability Insurance is formulated to pay any compensation and legal costs that might happen if a worker is deemed to be at fault. If you employ just a single member of staff it is very likely that you will need to have Employers Liability compulsory Insurance.
Public Liability Insurance- What does it cover
Public Liability covers any damages and costs awarded to someone following an injury or damage to their property or belongings caused by you or your staff. It also insures against any expenses, costs and related legal fees together with charges for hospital treatment ( including ambulance costs) that the NHS could claim from you.
Charges vary depending on your line of business, the turnover of the business and how many staff you employ.
Public Liability insurance can be a complex product and possible clients should give careful consideration to all of the policy documents to ensure that the product is right for the business.
One simple way of achieving this outcome is to talk to us here at The Insurance Centre Limited who can guide you through the complex waters and even visit you at your convenience to go right through the quotation, terms and cover
Employers Liability Insurance
Employers Liability is a compulsory Insurance which forces employers in the UK to provide insurance against their liability to their staff for harm or illness sustained whilst in the course of their employment in the United Kingdom. Employers Liability insurance offers greater security to firms against penalties and legal costs which could result in financial difficulty, and to employees that resources will be on hand as compensation even where companies are no longer operating.
Sub Contractor v Bona Fide Subcontractor
We have included a list, for guidance purposes. If you can answer yes to most or all of the questions, it is very likely they can be classified as a Bona Fide Subcontractor.
- Provide own materials and equipment.
- They have the authority to employ others.
- Paid by contract and not an ongoing hourly or daily rate.
- Have own insurances to protect themselves.
- They decide how the work is completed.
If there is any doubt, please speak to one of our insurance advisors. We can liaise with the insurer for you to ensure that you have the correct cover in place should the worst ever happen.
Product Liability Insurance
Product Liability is very probably the least well known of the liability insurances. In a nutshell ‘Product Liability Insurance’ provides protection to manufacturers, suppliers, retailers, distributors, retailers, and others who make products available to the public who are held responsible for any loss those products caused.
If you need help or advice please feel free to call us on 01603 400755 or complete the contact form below and we will be happy to help in any way possible.
Property Owners Insurances
Landlords / Let Property Insurance
Landlords Insurance also known as buy to let insurance, will cover against disasters such as fire, natural disaster or third party ( e.g. a vehicle crashing into your property).
For example, your property could be damaged by fire and rendered uninhabitable, forcing your tenants into alternative accommodation while builders carry out repairs.
In these circumstances your Landlords Insurance policy would not only pay out for all of the work to make good the property but also pay you the rent that you missed out on by not having tenants living in the property during this period.
Cover can include:
- Buildings Insurance.
- Contents Insurance.
- Tenant Default.
- Loss of Rent.
- Emergency Assistance.
Holiday Home Insurance
- Holiday homes in the UK or many overseas countries
- Covering a range of property types
- Cover for your contents within the holiday home
- Personal Use, Friends and Family only or for holiday let
Insurance for properties in Walcott, North Norfolk
We can offer cover for holiday homes, chalets and caravans in Walcott, North Norfolk. If you are looking for this type of cover you will already know that it is very difficult to find cover due to past flooding / tidal surge issues. Call us on 01603 400755 we can help you.
Call us on 01603 400755 and one of our friendly staff will be happy to help.
Unoccupied Property Insurance
If your property is unoccupied for more than 60 days it is likely that any cover you have will be reduced to exclude malicious damage, accidental damage, storm, flood and theft. This means that the very things you will possibly need cover for are excluded.
Unoccupied Property Insurance can provide the cover. We offer cover for commercial and residential premises.
We cover the following scenarios: –
- If you are selling the property
- If you renovating the property
- If you are intending to let the property
- You are waiting to move in but haven’t moved out from the old premise
We can quote for 3, 6, 9 or 12 month policies so get in touch today to see how we can help you.
Motor Trade Insurances
Motor Trade Road Risk Insurance
A Motor Trade Insurance policy is also referred to as Road Risk Insurance. It is taken out by someone who runs a business involving anything to do with cars, motorbikes and vans such as buying and selling cars, repairing and servicing, valeting, running a garage or MOT centre etc. The size of your business does not matter or whether you work full or part time cover can be arranged.
Let us look at the types of policies available and what they cover. Third Party Only – By law, at very least, a Third Party Only policy is required by a motor trader if the trader a) repairs, services or restores vehicles, b) is a vehicle fitter, mobile tuner, or valet c) runs an MOT centre or garage. d) sells and buys vehicles for profit e) drives his/her own vehicle or that of a customer on the public roadway, has any of those vehicles on the business premises or at the customer’s or his/her home address.
Any driver who is named on the policy is permitted to drive any vehicles in relation to the motor trade and are covered for damage to the other party’s vehicle.
Third Party Fire and Theft – Covers a trader for all those things mentioned above in Third Party plus also included is cover for the loss or damage to vehicles that are under the motor trader’s control or for fire and theft. Any third party injury, damage or claims are also covered.
Comprehensive – On top of the things mentioned above in third party and third party, fire and theft comprehensive cover also includes accidental damage to any vehicles that the motor trader owns or has responsibility for.
Motor Trade Liability Insurance
Motor Trade Liability Insurance
This includes public liability, employer’s liability and sales and service indemnity. With employer’s liability the motor trader is indemnified in the event of any employees sustaining an injury. With public liability the motor trader is indemnified due to any injury caused to the public plus loss or damage of property. With sales & service Indemnity the motor trader is indemnified for injury or accidental damage to any property due to the buying or selling of new or used vehicles, the sale or supply of products connected with the motor trade and the alteration, maintenance, inspection, repair, testing, servicing or cleaning of vehicles.
Internal Risk Motor Trade Insurance
Combined Motor Trade Insurance
Covers premises, money, tools, vehicles, liabilities and contents. In addition the motor trader’s whole business is protected and it also covers traders who operate their business from home and business premises.
Public House / Bar Insurance
We think that you’d agree that running a pub these days is hard enough without worrying about pub insurance. Having said that keeping costs down is an important part of running a pub or bar. That’s where we come in.
We can find you a policy to suit your own needs. If you don’t own the building why insure it as if you do? If you don’t have entertainment why insure as if you do? We can customise our policies to suit your own needs.
We offer policies from all the leading insurers. We compare prices from the leading pub insurance companies so you don’t have to.
If your pub is damaged by a fire or malicious damage or if you are burgled and contents are stolen you are going to need insurance you are going to need The Insurance Centre.
All our licensed premises insurance policies normally cover the following items as standard: –
- Business Interruption
- Goods in Transit
- Book Debts
- Frozen Food
- Employers Liability
- Public Liability
- Products Liability
- Loss of licence
We are able to pick and choose cover to create a policy which suits your own needs
A hotel business has three fundamentals. The first is your property/premises, the second your staff and guests and third is your income. Keeping these three things safe should be at the heart of a hotel insurance policy. Protection for your property comes under the buildings and contents insurance and should someone get hurt you have public and employers’ liability insurance. To protect the income you take from your business there is also business interruption insurance. From then on everything else becomes much more dependent on the different requirements and services you may offer.
Hotel Insurance Features Explained
Public Liability – Liability insurance for a hotel is to compensate loss, damage or injury to 3rd parties and their property. The hotelier is ultimately liable because it’s their responsibility to oversee that their property is adequately maintained. For example, a guest slips on a wet floor in your entrance hall. You could be held liable in a compensation case if they are injured.
Employer’s Liability – This is a legal requirement for any employer and is usually offered at £5m as standard. Employers’ liability insurance guarantees you have access to adequate funds should you need to compensate a member of your staff for an injury or damage from a situation you, as their employer, are liable for.
Buildings Insurance – The Rebuild Cost – A hotel is reliant on the premises and is most likely the most expensive asset. Buildings insurance exists to cover the costs for repairing damage right through to rebuilding – should it need. You should insure yourself for the full re-build cost of your property. Make sure you factor in any outbuildings, boundary walls, pools, fitted kitchens and bathrooms etc. as well as the building itself.
‘Condition of average clause’ – This means that if you give a sum insured for building/contents which is not enough, they can reduce the claim by the percentage that you’re
underinsured. For example – insure for 100K, but should be 200k, and claim for 50k. You could end up being able to claim only for 25k.
Business interruption – Business interruption insurance pays your outgoings such as pay your rent, wages and all necessary over-heads if something happened to stop your business trading. If buildings and contents insurance cover your assets, business interruption is the life support that sees you through until they are up and working again.
Indemnity Period – Should the property become uninhabitable the indemnity period is the length of time ‘business interruption’ can be claimed for. How long should my indemnity period be? 24 months is often the standard on a hotel policy. When working out your indemnity period, don’t underestimate the time it takes for demolition and debris clearance, architects and planning and then rebuilding.
Contents Insurance – A great way to understand the difference between your ‘contents’ and your ‘building’ would be to (hypothetically of course) tip your hotel the wrong way up. Anything that would fall is considered contents. This would mean furniture and decorations are contents but the walls, ceiling and kitchen cabinets come under buildings insurance. For a hotel this obviously makes the contents extremely important. Guest contents – Your guests are the life (and soul) of your business. Guests’ contents insurance for your hotel means that their belongings are protected in the event of a theft, fire or other insurable event. It’s also a legal requirement in line with the Hotel Proprietors Act 1956. The amount of cover you need here obviously depends on the capacity of your hotel; an advisor can go through this with you so you are comfortable you have the correct level of cover.
Further additions can be made to your policy to cover those things that are specific to you namely swimming pools , entertainment etc.
Restaurant and Café Insurance
Shops and Offices
Commercial Combined Insurance
Commercial Combined Insurance
Commercial Combined insurance is a term that refers to the bringing together of a range of covers that are most commonly required by businesses. This packaging of the risks has the advantages of increased competitiveness, fewer opportunities for gaps in cover and administration simplification for customers.
This type of policy can be used with a large variety businesses and activities.
What is covered under a commercial combined insurance policy?
The combined policy is a package policy in that it brings together a range of commercial covers under one policy. The policy is highly flexible and a wide range of different insurance needs may be met under the one policy and whilst there are many different policies, some tailored to specific trades and industries, available the commercial combined policy is based upon a common group of core covers.
- Property Damage.
- Business Interruption or Loss of Profits.
- Business cash and Money.
- Public and Products Liability.
- Employers Liability.
- Goods in Transit.
Professional Indemnity Insurance
Professional Indemnity Insurance