When it comes to running a nightclub, the dynamic atmosphere and energetic crowds can create an exciting and profitable business. However, it’s essential to be aware of the risks involved and take proactive steps to protect your establishment. Nightclub insurance is a crucial investment that safeguards your business, providing a safety net for potential liabilities and unforeseen circumstances. (more…)
Motor trade businesses rely heavily on a fleet of vehicles to carry out their operations effectively. Whether it’s transporting goods, providing services, or conducting sales, having a reliable and well-maintained fleet is crucial. (more…)
Working at height is a common aspect of many professions, including construction workers, window cleaners, roofers, tree surgeons, and more. However, working at height also comes with its fair share of risks and hazards. Accidents and injuries can occur, resulting in financial loss and legal liabilities. This is where working at height insurance comes into play. In this article, we will discuss when you might need working at height insurance and why it is essential for businesses and individuals who work at height.
As a business owner, it is essential to be aware of the potential risks that your company may face. Cyber-attacks, theft, and other criminal activities can all result in significant losses, both financially and in terms of reputation. While you may have taken measures to prevent such incidents, it’s important to consider whether you need security insurance to protect your business against the impact of such risks. (more…)
Thatched pubs are a staple of British culture, evoking a sense of tradition and history. However, owning a thatched pub comes with its own set of challenges, particularly when it comes to insurance. Due to the increased risk of fire and other damages associated with thatched roofs, finding adequate insurance coverage can be a daunting task. In this article, we’ll explore why it’s so difficult to find thatched pub insurance and how Just Quote Me can help.
In a year that saw turbulent weather, including storms and heat waves, the average price paid for home insurance in the UK fell to its lowest since the Association of British Insurers (ABI) began collecting data in 2012. According to the ABI’s latest Household Insurance Premium Tracker, the average price paid for combined buildings and contents home insurance was £300 in 2022, down 6% from the previous year. The average price paid for separate buildings and contents policies were also at all-time lows, at £228 and £116, respectively. (more…)
There are lots of things to think about before becoming a landlord, from finding a property in the right area, marketing it successfully to the target tenants, and making sure it passes health and safety standards. Something else to also bear in mind when letting out a residence is having a comprehensive landlords’ insurance policy.
Perhaps the most important thing this type of cover protects against is damage to the property. If the building was destroyed or uninhabitable due to a fire, flooding, or vandalism, not only would the owner lose a substantial amount of money in the value of the property, but they would also lose their monthly income. Therefore, having protection in these events is essential, otherwise they could be left heavily out of pocket.
It is also worth having landlord insurance so any damage to the contents of the home, such as appliances, inbuilt furniture, fixtures, and fittings, are covered. Landlords can find themselves having to spend a lot on maintaining the property or repairing faults, so it is wise to have a policy that covers these incidences, as bills can quickly stack up.
Perhaps more concerning is the risk of tenants blaming property owners should they become injured or incur an accident while living in the residence. Landlords could be found liable for these incidences and be forced to pay a significant amount of money in compensation. Therefore, insurance would protect them, preventing their bank balances from being hit as a result.
This comes after Mortgage Strategy revealed 48 per cent of landlords are considering taking out insurance to protect their income, as the cost-of-living crisis means tenants could struggle to pay their rent. This covers any lost rent due to an empty property or failure of tenants to pay their monthly fees.
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Every business is unique, and because of this needs insurance policies to match.
In the security insurance world, for example, some businesses require policies such as professional liability insurance, whilst others that have security guards and officers would need to have coverage to protect them from harm and legal issues whilst they do their job.
However, even by the broad standards of the insurance world, some truly surreal insurance claims have been made.
Car collisions happen all the time, and no individual part of this story is strange, but the entire story is truly bizarre.
One day whilst in his car, an unnamed driver accidentally bumped into the car in front, breaking one of the rear headlamps. Concerned that there may be more damage, he reversed to get a better look, only to bump into a car behind him.
So far, this is a relatively mundane degree of bad luck, particularly during rush hour traffic. What makes this truly strange, however, is that at the exact moment the driver decided to step out of the car to swap insurance details, a passing cyclist just happened to be riding past the door.
They were sent flying, leading to three insurance claims in the space of about a minute.
The motivational speaking circuit, whilst filled with some rather unique advice at times, typically does not cause any physical injuries.
The exception to this was the case of one unfortunate presenter who had to pay out after a member of their audience hurt themselves trying to break a wooden board with their bare hands.
Thankfully, the insurers covered it and the issue was quickly solved.
Wedding insurance is a unique type of policy but often it covers issues with the ceremony or if half of the couple decide to pull out of the proceedings, but in the case of one Italian couple, their plans went up in smoke quite literally.
After she stood a little too close to a barbeque, the blushing bride saw her hand-made wedding dress go up in flames. Thinking quickly, her new husband chucked her into the sea, which despite sounding like a joke, ended up saving her life.
Unfortunately, her dress was ruined, but thankfully her insurance provider paid out compensation worth half the value of the dress.
The security industry covers a broad spectrum, and this means that the insurance policies relating to the sector tend to be bespoke, rather than a one-size fits-all package. The type of cover will depend on the level and the nature of the risk undertaken by the company. here’s a look at the most common insurance needed for security-based businesses.
For a company that arranges and hosts events, such as sports matches, concerts, and so on, public liability insurance is essential. This will provide the business with cover, if a member of the public makes a claim because of injury or illness caused to them while they attended an event. It will also provide cover if property is damaged during an event.
Other types of cover that may be needed for events insurance include loss of keys cover, and contents insurance if there will be significant amounts of materials or valuable equipment at the event. Businesses will also need employer’s liability insurance, should a member of staff suffer an injury at work and bring a case against the company.
Professional liability insurance may be required for companies which specialise in organising and planning events, and making the security arrangements. It may be worth considering cancellation cover, which will protect the business against financial loss, should the event have to be cancelled at short notice.
Inefficacy cover is defined as ‘cover on the basis of failure to perform.’ This could be in relation to equipment such as security lighting, fencing, or alarms which don’t function as expected. It could also relate to staff who are accused of not dealing with a security situation in an appropriate manner.
Inefficacy cover is a bespoke policy that will be unique to each company. If you are looking for security company insurance, talk to us today.
Every business has a set of challenges that make them unique, and the security sector is no different. Because security guards and equipment often operate in dangerous situations, security insurance provides dedicated cover to help protect both the business and its staff.
One of the key differences between security businesses and other industries is that often security works very closely with members of the public and so public liability becomes an even greater issue than it would be otherwise and is part of packages aimed at the security industry.
Public liability cover protects a business from the cost of legal claims made by members of the public made in connection with business, activities, which in this case would include personal security, manning the doors and protecting people in events.
Beyond this, an insurance package for the security industry will often include professional indemnity protection, which can be important for businesses that fit and facilitate security systems.
If, for example, a security system is fitted, but due to an error or omission damage is caused to the client, professional indemnity helps to cover the claim, giving the business more confidence and peace of mind to provide the best service possible.
Outside of crises, catastrophes, harm to the public and professional liability, security business insurance can help in a range of other ways, such as providing support in case of wrongful arrest whilst on duty and even cover in case keys are lost.
Exactly what components are in a security business insurance package will depend largely on the needs of the business and the provider themselves, but they should aim to cover the wide range of risks facing security professionals on a day-to-day basis.
Theft of plant and machinery equipment from building sites soared by 50% during the pandemic, according to the Construction Equipment Association (CEA). Initially, the spike in thefts was driven by opportunistic thieves and organised crime gangs taking advantage of the hasty shutdown of many sites during the first lockdown in March 2020.
Although building sites are now up and running again, many are facing labour shortages, and long delays in deliveries, alongside soaring costs for construction materials. This is driving site thefts back up again, as thieves take advantage of unsecured equipment, and inadequate security and monitoring measures.
In July, thieves in Newark made off with a JCB telehandler from a construction site. Although it was fitted with a tracker, this was removed and left behind at the site, The Nottingham Post reports. The theft occurred over a weekend, and left workers unable to carry out their jobs on Monday morning.
Building contractors and tradesmen often bring their own machinery to a site, or hire plant. In either case, if the equipment is lost or damaged, they will need to be repaired or replaced, which can be very costly. It’s estimated that the construction industry loses £800m per year to machinery theft, the CEA says.
DC Chris Piggott, Rural Vehicle Crime intelligence officer, NAVCIS (National Vehicle Crime Intelligence Service), said: “Many construction and agricultural vehicles now have so-called smart keys containing electronic information needed to start the machine, so it’s vital that keys are removed from machines and stored securely in a remote location.”
Despite all reasonable efforts to secure plant, accident or loss still sometimes happens. That’s why it is essential to be adequately insured for machinery including diggers, bulldozers, concrete mixers, cherry pickers, forklifts, dumpers, cranes, and so forth. Whether you own all your plant, or work on a hire basis, you will need a relevant policy.
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