Insurance (Page 2)

Contributed By: Aon on

An explanation on run-off cover and why it’s important When it comes to insurance policies, in most cases, once you no longer own the asset, you also don’t need the insurance anymore. For example, once you’ve sold a car, you usually cancel the insurance policy for it. However, if you run a professional advice-based business and hold Professional Indemnity Insurance, you might receive claims or complaints after you retire or leave the profession as a result of the advice you provided while you were running your business. For these claims to be covered, you will be required to hold a current policy at the time theRead More →

Contributed By: Aon on

Here are some of the ways Public Liability Insurance claims can come about. Do small business owners need Public Liability? Public Liability Insurance is a common insurance policy held by business owners. Regardless of your industry, if your business or service involves  interaction with members of the public in person, Public Liability is a policy you are likely to consider. You may not have needed to claim on a public liability insurance policy before but having a policy should a claim against you arise means it may assist with , the cost associated with them, which can be substantial. What Public Liability claims are made againstRead More →

Contributed By: Aon on

When you’re in the business of providing professional advice, sometimes, things don’t go according to plan. Whether it’s a small oversight on your part, misplacing a document, or making a mistake  – there are many instances that can lead to a client taking legal action against you. You might hold Professional Indemnity insurance to cover such claims, but it is also worth understanding some of the different events that can give rise to these types of claims for a well-rounded approach to managing your risk. Here are some examples of events which may lead to Professional Indemnity claims, and how you can make sure you’re staying vigilant.Read More →

Contributed By: BCsystems on

The body corporate industry is full of jargon, and especially when it comes to insurance. Your body corporate may have received a letter from its insurer discussing a “risk requirement” – this article explains what that is, why you might get one, and tips to deal with it. What is a risk requirement? A risk requirement is a term used by the insurance industry, and it is effectively a warning notice. Your body corporate will have property insurance to cover the common property, and this usually also covers the individual lots depending on your scheme type. The insurer will usually issue a ‘risk requirement’ toRead More →

Contributed By: Aon on

In a world where almost everything is paperless, keeping records and filing documentation is something that might slip your mind as you go about your usual business. While digitisation has made record keeping easier in some ways, it has also brought about some complexities. While there was a time when everything needed to be done in writing, nowadays a simple phone call can be enough to prompt action. Record keeping also goes beyond simply filing documentation. Think of all the ways you might interact with clients, whether that’s via phone, text, emails or in person. Good record keeping should encompass keeping details of all conversationsRead More →

Contributed By: AON Insurance on

Common misconceptions about insurance – is there any truth to them? There are few things in life you purchase hoping to never have to use and insurance would certainly be one of them. With risks and policy coverages varying so much between industries, your policy’s features could mean the difference between the collapse or rebuilding of your business and reputation. It’s a purchase you should make, not necessarily one that you want to, and it can be confusing. Let’s take a look at some common insurance myths we’ve come across, and clarify whether they are in fact myths, or if there is any truth toRead More →

Contributed By: AON Insurance Services on

This article is brought to you by AON Insurance – To get a specialised quote for onsite manager insurance now – click here: Onsite Manager Insurance Quote Although we’re all cautiously optimistic about 2022, by now, most of us know better than to expect a world free of uncertainty. As you start the new year however, there are some things you can do to help you feel a little bit more in control and prepared for potential incidents. One of these is undertaking a thorough review of your insurance cover. Some general housekeeping of your insurance policies can help you be sure the policies you haveRead More →

Contributed By: AON Insurance Services on

5 Things To Keep In Mind When Working Remotely Over the years, experts have highlighted numerous benefits of working from home – from improved work/life balance; reducing traffic congestion and even helping reduce the cost of office rent. Whatever your reasons are for working from home, or allowing your staff to do so, there are a few boxes you’ll want to make sure you’re ticking to ensure your employees have the best experience, and prepare your business for some additional complexities having a mobile workforce can bring. 1. You’re still responsible for the health & safety of your employees. Your employees may not be inRead More →

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