12 October 2009
Small business guide to insurance
Posted by articleranks under: Money .
it is unimportant whether your business is confined to an office or is more mobile, you will still require a level of insurance cover.
With small business insurance, there are a whole raft of liabilities that have to be covered by law. it could be disasterous for the company if these liabilities are not covered in the event of an accident. One of the most important aspect of office insurance, is General Liability. Companies with limited liability have a legal requirement, as it covers the safety of the employees and also the general public.
Business van insurance is an area often overlooked by owners of vans who are self-employed or who run a fleet of vehicles. Because of the cost of some of the premiums, it is sometimes assumed standard insurance will do the job. This is a risky strategy for any owner to take, as the contents will often be outside of the policys reach. it may be true that because an accident is quite possible during a normal working day, damage to the cargo is highly likely.
When a van reaches a certain age, it is often collision damage cover that is first to be dropped. When hit by someone else it would usually mean that they are no longer covered. This is not a recommended path to follow, as your vehicle could be written off at any time, for example by a branch from a tree. If you study a prospective policy, you may find that there are not too many gains by excluding this cover.
The cost of van insurance has come down, due to the competition available. The main benefits that you should expect to see are:
1. 24 hour recovery and accident roadside assistance. If an accident occurs, and you are fully covered, you could expect to receive help at the point of need. It would be reasonable to expect a replacement for a damaged vehicle, if yours is damaged in an accident.
2. Any repair work should be guaranteed for years by the use of selected quality garages.
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