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by Andrew Stawarz

Van Insurance in UK

Van insurance is the first thing that you undertake after purchasing your van. It is very important and proves to be very helpful in case of any mishap. Van insurance is even more important in UK as it has become a legal formality there. No one can apply for a license unless he has got his van insured. There are a number of insurance companies in UK that are dealing in van insurances. Most of them are now offering their service online. This has increased the competition among various companies and has benefited the customers to a great extent. Now there is no need to personally visit different insurance companies or having long telephonic conversations with them in order to find out the best policy for your van. You can do all this work sitting in the comforts of your home.

You simply have to make a search for the economical van insurance and you will get choice of insurance quotes along with their comparison with others. In this way the drivers get a number of choices for insuring their van and they can also deal for cheap rates. And since all the formalities of van insurance can be performed online so you need not to worry about the location of the insurance office. It may be any part of UK but there is no need to personally make a visit to the office. You can get comparative quotes of about twenty five companies online. Generally the drivers ask for three types of van insurance policies. Actually they categorize vans in three parts namely large van, medium van and small van. They don’t think about the intricacies of the different models of van.

The guidelines of van insurance provide for different type of van insurance which includes comprehensive van insurance, comprehensive van insurance by third party, third party theft and fire insurance policy. Generally small vans have small insurance premium also. If the van is for private use than the premium is comparatively higher but if at the same time it is mentioned that the size of the van is small and it has low weight than you may get discount on your van insurance policy accordingly. If the security measures you undertake for the van are apt according to the requirements of insurance company than you may get discount on the premiums of your van insurance policy. Such insurance policy should be taken for van that provides for all the damage to the van as well as any loss that may occur to the third party.

The cost of the van insurance policy should be well in reach of the driver of the van. Another important thing about van insurance is that you also get the benefit of being a commercial driver. That means that if you are a commercial driver and you have been driving several commercial vans than it proves your experience in driving different models and you are benefited in terms of low insurance premium. You may get discount on several heads. You just have to choose an option from the various insurance companies and that company will do all the work for you.

If drivers who have taken a drivers education or safety course have fewer accidents, an insurer may discount that. Likewise, some cars are cheaper to repair, or do not get involved in high claims accidents. Those vehicles will cost less to insure. Insurance companies try to use their past…
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by Jayel Aheram

Van Insurance Quotes

Van insurance is a very important thing for all the van owners. It is not only the legal requirement but it proves as a great help in case of some mishap. There are many insurance companies that are dealing in van insurance. There are a number of policies that these van insurance companies offer to their customers. Whenever you want to insure your van it becomes necessary to take the quotes of the different van insurance companies. It used to be a difficult task in the past as you need to personally visit the different van insurance companies or indulge yourself in the long telephonic conversations with the insurance agents in order to find out the quotes of different van insurance companies. But now as many of the van insurance companies have started providing their services online so it has now become quite easy to get a quote from a van insurance company.

It does not matter that whether you are using your van for commercial purpose or you are you are using your van for personal purpose you definitely want the best quote for your van insurance policy. You should give proper details of your requirement for the van insurance policy. You need to know that whether you need commercial van insurance policy or personal van insurance policy. If you are using your van for commercial purposes just for a few times in a month then also you need a commercial van insurance policy for your van.

While seeking the quotes for commercial van insurance policy few things should be kept on mind such as the commercial van insurance policy will also provide cover to the employees of the company. You can very easily charge the van insurance premium costs as a business expense. The commercial van insurance policy is costly in comparison to the personal van insurance policy. But it provides enough security to your business as well as your employees.

While trying to get quotes for van insurance you can get discount on several grounds. For example you can get discount on the basis of your clean driving record. If you have installed enough safety equipments in your van such as burglary alarm then you can get a discount on its basis also. If you get your van and your home insured by the same insurance company then also you will get a discount in your van insurance quotes.

If you have a driving certificate from a well known driving school then this may also help you in getting a discount in your van insurance quotes. There are several other grounds on which you can avail discount on the quotes of the van insurance premium. It is always advisable to get the quotes of a number of companies before taking your van insurance policy. This will help you in making the comparisons and find out the most suitable quote for the insurance of your van.

by Eversheds LLP

Employers’ Liability Insurance: The Essentials

Employers in Britain are legally responsible for the health and safety of their employees whilst they are at work. Employers’ liability insurance protects employers against any claims for compensation that employees, or former employees, may make if they are injured or become ill as a result of their work.

The Employers’ Liability (Compulsory Insurance) Act 1969 states that employers must have a minimum level of insurance in place which protects employers against employee claims for compensation.

Employers’ liability insurance is the type of policy which employers should have in place to protect themselves and the wellbeing of their employees. Employers’ liability insurance covers the cost of compensation for any employee injury or illness, regardless of whether this occurs on site or off site.

Employers’ liability insurance is mandatory in Great Britain and organisations can be fined up to £2500 for any day on which a policy is not in place. A fine of up to £1000 can also be enforced if a business fails to display their certificate of insurance. It is therefore essential to have employers’ liability insurance in place but it is also important to display the certificate of insurance in the workplace, in a location where all employees can view it.

In October 2008 it became possible to display employers’ liability insurance certificates electronically. Employers simply need to ensure all employees know how to view the certificate and have easy access to it.

It may not be necessary for organisations with no employees, a family run business or a public organisation, such as a government department, to have employers’ liability insurance.

It is also not necessary to have employers’ liability insurance for any employees based abroad though you should check insurance requirements for the country in which employees are based. If your business is part of a group, a policy for employers’ liability insurance can be taken out for the group as a whole.

When it comes to level of cover, businesses must be insured for at least £5 million though in practice most insurers offer cover of at least £10 million. When deciding on the level of cover you need, consider the risks and liabilities relevant to your organisation.

When arranging employers’ liability insurance, make sure you use an authorised insurer as it is illegal to do otherwise. Authorised insurers are individuals or companies working under the terms of the Financial Services and Markets Act 2000. In Britain, the Financial Services Authority (FSA) maintains a register of authorised insurers so you can easily check your insurer is authorised by searching this register.

To avoid making a claim on your employers’ liability insurance policy, take as many measures as possible to protect the health and safety of employees. Carry out regular risk assessments and take all reasonably practicable measures to protect employees and report any incidents that occur.

The author of this article is a part of a digital blogging team who work with brands like Gladiator Insurance. The content contained in this article is for information purposes only and should not be used to make any financial decisions.

Employers liability insurance is a legal requirement for any business which has one or more employees. Incorporating it into a single business policy along with your public liability and any additional covers can reduce the overall cost and make your business insurance easier to manage.

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by sludgegulper

Different Types of Motor Trade Insurance

Motor trade insurance policy is imperative for you if you are involved in a business that involves buying, selling or fixing cars. Motor trade insurance saves you from financial loss in cases of adverse situations. No matter if you are involved in a small or medium business, motor trade insurance policy is necessary for you.

As the nature of every business is different, there are different sorts of motor trade insurance policies. They involve different types of coverage, and premiums.

There are basically 5 main categories of Motor Trade Insurances:

1. The third-party only motor trade insurance policy
2. Fire and theft motor trade insurance policy
3. Comprehensive motor trade insurance policy
4. Liability motor trade insurance policy
5. A combined motor trade insurance policy

To select a policy, you need to determine the needs of your particular business. You may also get many different features of motor trade insurance policies like administrative benefits, social and personal use of vehicles to particular drivers.

A motor trade insurance policy that is the law for some traders is the third party only motor trade insurance policy. Buyers and sellers, mobile tuners, technicians, valier and fitters are legally required to hold this insurance policy. This motor trade insurance is very important if the insured is driving any car. Fire and theft motor trade insurance is another option with this policy. This kind of motor trade insurance policy includes the protection with the third party only policy, however, it also offers protection in case of fire or theft.

The comprehensive motor trade insurance policy includes similar coverage as the third party only policy, but it also has an inclusive aspect. Comprehensive coverage is motor trade insurance that covers the cost of repair or replaces the insured’s car if it is damaged in some situation other than an accident.

Liability motor trade insurance policy offers protection for your business, while giving service to the public. This motor insurance has an important role, as it covers your hired workers who work on the vehicles. There are 3 types of liability motor trade insurances:

1. Public motor trade insurances
2. Employers and product motor trade insurances
3. Sales and service indemnity motor trade insurances

Many Motor trade insurances overlap each other and only have slight differences. The best way to select one is to consult an expert motor trade insurance agent, who can tell you in detail about all the insurance options and present with you with various motor trade insurance quotes. Evaluating different motor trade insurance quotes will help you set your budget. If you purchase a motor trade insurance policy that is not suitable for your business, you will end up paying extra for your insurance policy – or you may find out later that the coverage you required for your business is not included in the motor trade insurance policy you bought.

Do remember to review motor trade insurance quotes from different insurance companies, so that you can go for the best deal and remain safe from fraudulent companies as well.

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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.

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