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Helpful tips and tricks to public liability insurance

16 July 2019 By admin Leave a Comment

Public liability insurance is one of the most important forms of business cover, but how does it apply to your business?

Sit back, grab a cup of tea and get ready to learn some helpful tips and tricks that should leave you with a clearer sense of what public liability is all about.

What is public liability insurance

It’s designed with third parties in mind. That means that cover is available for most people that interact with your business including customers, clients and members of the public.

Read the full Story at the link below

Guide to public liability insurance

Car Accidents Will Hike Your Insurance Premiums

9 July 2019 By admin Leave a Comment

Apart from this, a single car accident will result in hiked insurance premiums since the insurance company will view you as a risky driver. To avoid all these, take a look at some of the tips to help you become a better road user.

1. Always Maintain Your Car

Car maintenance is key in avoiding accidents at least from your part. This is why it’s important to schedule regular servicing. Some of the basics you should have checked include your tires, brakes and vital fluids such as brake fluid and power steering fluid for efficient navigation.

2. The Driver’s Condition

Now, the car may be in the best condition possible, but if the driver isn’t, then an accident is inevitable. Human error is the leading cause of accidents around the world. This may range from health conditions, especially those touching on the driver’s vision to intoxication.

3. Get Defensive Driving Training

There’s a common statement, which always goes to remind us of the unpredictability of the roads. You may be all focused on the road with your serviced car but the driver on the other side may be careless or not as careful as you and may cause an accident.

by Steve Biddle

See Full Story at www.praguepost.com

How To Use An Online Car Insurance Quote

13 June 2019 By admin Leave a Comment

Photo by **Acharaporn Kamornboonyarush** from **Pexels**

If an insurance policy is what you are looking for then it should be obvious that you need to make the best decision possible. This is a very important choice in life, and if you are not well enough informed, you can end up with a lot of regrets. Thankfully, you just happen to live in the right period of time when you have access to the best decision-making tools. With that in mind, you should know that online car insurance quote comparison is definitely the best way to find the insurance policy that is suited for your needs.

You just need to find a reliable insurance policy comparison website, complete the application form, and you will be presented with a consistent list of policies which are catered to your specific needs. From these, you will choose the one that is the most advantageous. In order to maximize your use of the quote engine you should remember a few points. First, remember to put in as much information as you can. If the information is accurate, you will certainly receive quotes which are relevant to your needs. Be sure to provide proper information, as making a mistake can cause a difference in your premiums.

See Full Story at www.discount-auto-insurance.com

Four tips for startups seeking insurance for data breaches

6 June 2019 By admin Leave a Comment

Consider the following points if you decide to shop for cyber insurance.

KNOW THE DIFFERENCE BETWEEN FIRST-PARTY
AND THIRD-PARTY COVERAGE
Data breach policies generally provide two broad categories of coverage: first-party coverage and third-party coverage.

First-party coverage is for losses the policyholder incurs directly, such as the costs entailed by investigating the cause of a breach, restoring the company’s reputation and notifying affected customers as well as follow-up costs, such as credit monitoring services.

Third-party coverage kicks in when a policyholder (the company) is sued by someone (a customer) claiming to have suffered a loss resulting from the data breach and alleging the policyholder was at fault for allowing the breach to occur. This coverage encompasses the costs of defending against litigation and of any judgments or settlements up to policy limits.

Startups can buy data breach insurance policies that offer both types of coverage or policies that cover only one or the other. Omitting third-party coverage can be risky. In Innovak Int’l Inc. v. Hanover Ins. Co., a software developer had purchased a data breach insurance supplemental policy to its commercial general liability insurance policy.

The supplemental policy stated that the insurance company would provide certain coverage for losses related to data breaches but that it would not cover expenses arising from lawsuits against the developer. In other words, the policy provided first-party, but not third-party, coverage. While the policy was in effect, hackers accessed the developer’s database and stole users’ personal information, including Social Security numbers, addresses and employment information.

By Cort T. Malone and Grant E. Brown

See Full Story at westfaironline.com

Drivers Should Follow The Next Tips When Comparing Car Insurance Rates

4 June 2019 By admin Leave a Comment

Photo by **JESHOOTS.com** from **Pexels**

When determining rates, companies analyze a multitude of socio-economic factors. Age, gender, employment status and driving history are top influential factors.

Understand and analyze which factors influence rates the most. Companies analyze multiple factors when calculating rates. The most influential factors are car’s make and model, driving history, demographic factors, recent claims and traffic violations and coverage options. All these variables are added in a rates calculator and the client will be presented with an insurability score and a quote. Each factor is relevant. For example, good students are considered more responsible and benefit from a series of discounts.
Analyze your risk profile and look for carriers that will provide coverage. For Standard and Preferred drivers, the insurance process is really simple. Make a list with top reputable companies and get quotes for each one of them. Things get complicated when it comes to providing coverage for high-risk drivers. They must find non-standard carriers, get quotes and compare prices. In this case, comparing multiple online quotes is a must. Otherwise, the driver risks overpaying for already really expensive premiums.
Use brokerage websites to get and compare multiple estimates. There will be many smaller, more local companies included in those quotes obtained from brokerage websites. But in many cases, smaller companies offer top competitive services at lower costs. It really pays to shop around and not limit the options to just 2 or 3 companies. Furthermore, all results are obtained using the same data and for the same product. This gives no room for errors. Clients who use brokerage websites can quickly sort offers by prices. But do not be guided only by price. Check what other benefits and bonuses can be obtained by applying to each offer.

See Full Story at www.benzinga.com

How Does Home Appliance Insurance Work?

28 May 2019 By admin Leave a Comment

Photo by **PhotoMIX Ltd.** from **Pexels**

Home appliance insurance works as a type of service contract that guarantees appliance repairs or replacements if covered items break down during the outlined contract period. When an appliance in your home stops working correctly, you call your appliance insurance provider, who sends out a technician to diagnose and repair the problem.

If the technician deems the appliance to be broken beyond repair, he or she arranges for a replacement to be installed in your home. If your appliance is covered by your insurance, all you’ll pay is a small service fee (typically less than $100) no matter how much work your appliance needs.

Home appliance insurance is sometimes sold alongside coverage for your home’s systems (HVAC, plumbing, electrical, etc.) in a package called a home warranty.

Coverage

The specific appliances that are covered under your insurance depend upon the specific plan you choose. Most appliance insurance plans include major appliances that are costlier to repair, like your washing machine, dishwasher and cooktop. Some plans also include more obscure appliances, like your doorbell or ceiling fans, for an additional fee.

If you want insurance only for a specific small appliance (like a fancy blender or food processor), you may want to consider a manufacturer’s warranty from the maker of the appliance, which almost always costs significantly less than insuring all of the major appliances in your home.

Make sure you read your insurance policy before you sign on with a provider so you know exactly what’s covered under your plan.

Note that most appliance-only insurance plans don’t include coverage for pools, air conditioning systems, garage doors and septic systems. If you’d like these to be covered as well, you may want to consider purchasing a full home warranty.

By Sarah Horvath

See Full Story at www.benzinga.com

Seniors and Travel Insurance: What You Need to Know Before You Buy

14 May 2019 By admin Leave a Comment

With more travellers choosing to spend their golden years abroad, Squaremouth shares 4 travel insurance buying tips for seniors.

Determine Your Coverage Needs
When shopping for a policy, travellers should first decide how much coverage they need for their trip. Medicare does not provide coverage outside the U.S., so for many seniors, the most important travel insurance benefits are Emergency Medical, which can pay travellers back for their medical costs while abroad, and Medical Evacuation and Repatriation, which can transport travellers to the hospital in an emergency or transport remains home.

Travellers can also get their trip costs back if they need to cancel or end a trip early due to sickness, injury, or if a family member passes away unexpectedly.

Pick The Least Expensive Policy
Unlike many other types of insurance, when it comes to travel insurance, a higher price tag doesn’t necessarily mean better service or better benefits. Policy premiums are based on the traveller’s age, trip length, and trip cost, and insurance providers price their products to be appealing to the demographic the particular product is aiming for.

For example, some policies are designed to appeal to seniors and may be less expensive for that age group, while other policies may be marketed toward students and will be lower in the price for younger travellers. The best way for travellers to find the least expensive policy that fits their needs is by shopping around and using a third-party comparison site, such as Squaremouth.com, to compare premiums and coverages.

See Full Story at www.prnewswire.com

Insurance Experts Explain How To Handle A Coverage Lapse

18 April 2019 By admin Leave a Comment

Insurance companies prefer working with clients that maintained continuous coverage. Clients who let their policy expire or forget paying premiums are considered high-risk. Policyholders will pay more expensive future premiums as a result of their negligence.

There are many reasons why a person may cause a coverage lapse. The most common reason is forgetting to pay the premiums on time. This also happens when the driver changes the carrier, but he does not synchronize the expiration date of the older policy with the start date of the new coverage.

When discovering a coverage lapse, it is important to act quickly. The more time passes, the harder and more expensive it becomes to be reinstated. The procedure for reinstating coverage differs for each carrier. Some companies may renew the coverage, while others will ask the client to reapply for auto insurance and basically, start a new coverage. Some companies may require the client to apply for electronic payments, in order to avoid missing payments in the future.

See Full Story at markets.businessinsider.com

When It’s Recommended To Check Car Insurance Quotes Online

11 April 2019 By admin Leave a Comment

When it comes to the premium you pay on your car insurance certain events can affect the amount you pay. Whether if those events affect your car insurance rates in a positive or negative way, you can find out by checking the car insurance average cost at least once every six months.

It is recommended to check the online insurance market when these events take place:

Your credit score changed. In most states, the law allows the insurance companies to take your credit into consideration when they determine the price of your insurance rates. Your credit score is composed of approximately 130 elements, but insurance companies use only the ones they find relevant. If you are in the poor and low credit categories, expect to pay more on insurance, while those drivers that have excellent and good credit scores will pay less.
State’s laws have changed. Every state has different laws and requirements regarding car insurance. These laws and requirements can be changed anytime. For example, the liability limits of insurance can be increased, leading to higher premiums to everyone. In order to find a better deal, you would have to check the insurance market.

See Full Story at compare-autoinsurance.org

Cancelling Insurance to Reduce Expenses?

9 April 2019 By admin Leave a Comment

For many consumers the start of the new year may have been a difficult one. Overspending over the festive period coupled with an intertest rate hike at the end of last year may leave many looking for opportunities to save. Some motorists might turn their thoughts to a grudge spend: insurance.

Cancelling your vehicle insurance, however, can have far-reaching and even more expensive consequences warns the managing director of MasterDrive, Eugene Herbert. “With the high crash statistics in South Africa drivers who take on the roads without insurance are taking a huge risk.

“Even a relatively minor incident that puts your car out of commission can be devastating. You may be left trying to pay a bill that reaches into the thousands and if you do not have the money, what do you do then? For those who rely on their car to generate an income, like a sales person, a crash will cause even greater financial stress,” says Herbert.

If you damage someone else’s car you up the ante even more. “You are obligated to repair their car right away even if you do not have the money. Their insurance will ensure the money is recouped and there is little care about how you do it. If you were to damage a luxury car, you could even lose your home in the process of repairing the car.”

By CAIRA-LEE

See Full Story at www.womenonwheels.co.za

Insurance Agency Singapore | Commercial Insurance and Personal Insurance