by jqm | Apr 30, 2021 | Latest News
Promoters of UK music festivals taking place during summer 2021 have called on the government to provide a state-backed cancellation scheme, The Guardian reports. They fear that a late cancellation due to a Covid surge could push them to the brink of bankruptcy. Millions of tickets have already been sold for hundreds of live events across the country.
Governments of countries in mainland Europe have already offered to underwrite live music events in case of a pandemic related cancellation. Organisers in the UK are considering cancelling events in advance rather than take the significant financial risk of a last-minute change to the lockdown rules, either because of a local or national spike of the virus.
The reopening timetable allows for mass gatherings to take place from June 21, which means that nightclubs can finally open their doors for the first time since March 2020. They are one of the few businesses that have been forced to shut for the entire 15-month period of the Covid crisis, and there is still a nervousness around planning mass events.
Even when the social distancing restrictions are lifted, there is no guarantee that a spike of the virus won’t cause sudden cancellations and huge financial losses for events organisers. The music industry has been calling for several months for the government to step in with an indemnity scheme to provide support if plans need to be changed.
There is strong demand among the public for live events, the article reports. Larger festivals such as Reading and Leeds have vowed to go ahead, but the iconic Glastonbury festival will not take place for the second year running. Some events have shifted from early summer to late August or September in the hope that confidence levels will be higher later in the year.
If you are looking for nightclub insurance in the UK, please contact us today.
by jqm | Apr 16, 2021 | Insurance
Liability is a risk that is common to nearly every business out there, as there is always a possibility, however slim in some cases, that a business may face legal challenges and lawsuits, which would require funding a legal defence team or paying damages.
Liability insurance, also known as third-party insurance helps to fund the defence and payout to people who are not insured by the policy.
Depending on the business in question, there are typically three types of liability that most businesses either should or in some cases must get in order to safely run a business in the UK.
Employers Liability Insurance
When a business begins to employ staff they must purchase adequate Employers’ Liability insurance, and can even be fined £2,500 every day they do not have the right insurance.
Employers liability insurance, or worker’s compensation, pays compensation to any employee who is injured or becomes ill as a result of the work they undertake for you.
It ensures that money will be available to deal with any injury claims made, as well as covering any legal costs for any action taken against the business or any employee, director or partner in it.
Public Liability
Public liability insurance works similarly to Employers’ Liability insurance, with the primary difference being that instead of protecting against workers filing suit it instead protects against members of the public who make a legal claim.
If something happens at your work that injures a customer, a bystander or damages someone else’s property, the business is liable, even if it does not happen on your premises.
Product Liability
For businesses that produce, manufacture or distribute a tangible physical product to the public, injuries caused by these products are the responsibility of these businesses.
Product liability covers the cost of compensation and the legal costs associated with it.
by jqm | Apr 4, 2021 | Latest News
There are many complications involved with running a business, such as tax, payroll, supply chain, marketing, a raft of business insurance policies and simply ensuring the day to day needs of the business are met.
When it comes to insurance, however, simplifying is a simple matter of choosing the right combined insurance policy.
A business combined insurance policy consolidates a range of insurance policies into one single payment and premium, which is easier and often cheaper than managing the policies separately.
Whilst a combined insurance policy is built around the needs of individual businesses, there are some typical coverage areas that most comprehensive insurance policies cover.
These can include:
- Property Damage– This covers damage to the building, stock, and contents, with different policies covering different types of damage. Third-party, fire and theft are common parts of this insurance.
- Business Interruption –As the last year has shown, major events can disrupt if not outright stop operations, such as pandemics, natural disasters and damage caused by nearby buildings such as fire or other safety issues.
- Indemnity– Indemnity protects against claims from customers who end up suffering personal or financial damage as a result of a mistake made by the business, such as by giving mistaken advice.
- Liability– Legal liability is when your business is found to be responsible for damage to employees or members of the public, often as a result of products or services.
- Legal Fees – This covers the cost to your business of seeking legal advice.
- Equipment Breakdown –If you have business-related machinery that is required to continue functioning, you can claim for the repair or replacement cost.
There are many other parts to a combined policy as well, and some insurance providers will provide cover for specified other risks that are described to them.
by jqm | Mar 22, 2021 | Latest News
There’s no denying that there’s a certain English charm about a property with a thatched roof but, as beautiful as they are, it’s essential that homeowners know what they’re doing when it comes to maintenance and upkeep to ensure that the roofing stands the test of time and doesn’t need replacing sooner rather than later.
There are certain issues that can affect thatched roofs, including the potential for leaks (which can appear across all areas of the roofing) and compaction, which needs to be effective to ensure the roof remains watertight and weather resistant. Without this, you can find yourself having to deal with rotting, wind damage, leaks and so on.
This is also why it’s so essential that you find the best thatched house insurance quote available, so you know you have the cover in place should something go wrong. Insurance rates can be a lot higher for thatch than other materials, mainly down to the fire risks involved.
In terms of maintenance, make sure you keep a close eye on your roof throughout the year but especially after the winter months – so now’s the perfect time to review it and see if there are any potential issues.
To keep it in good condition, keep any trees or plants in your garden well pruned so that sun and wind can reach the roof and allow it to dry out. And don’t assume that just because it looks like it’s in good condition that there are no problems – calling out a thatcher to check it over regularly is certainly a wise idea.
Signs that there may be an issue include being able to see the fixings on the ridge, lines on the coatwork, moss and lichen on the surface and cement or lead flashings coming away from the chimney.
by jqm | Mar 15, 2021 | Latest News
Insurance is all about peace of mind and having a plan for the uncertain, the unexpected and even the disastrous events that have a small chance of happening to you and your business.
A comprehensive insurance policy will help provide support in the worst-case scenario, but it is important to choose a policy that is correct for your business.
After all, security insurance will be different from personal insurance, which would be different from engineering insurance, simply because the types and levels of risks are different.
Here are some considerations you should make before taking a policy.
Consider Your Needs
Every business is different, and much like how a risk assessment will vary depending on the location and nature of the business, your insurance needs will also change.
Explore your potential requirements and speak to a professional if you have any concerns.
Be Clear What Is Covered
When you choose your insurance plan, make sure you are completely aware of what circumstances are covered and whether that is enough for your business.
Typically, you need at a legal minimum employer’s liability insurance to cover the costs against compensation, but you will likely also need buildings insurance to cover damage to your property, contents insurance to protect anything in it, as well as business vehicle insurance.
Depending on the nature of your business you may also need protection from public liability and professional indemnity, but this can vary depending on the nature of your business.
Carefully Read The Terms
Your insurance policy is a legal contract, so like any other, it is vital that you or a professional working on your behalf carefully read it to ensure the specifics of the policy meet your needs.
by jqm | Mar 4, 2021 | Latest News
The Financial Conduct Authority (FCA) has published finalised guidance for businesses to help them prove the presence of covid-19, following complaints from small to medium-sized enterprise policyholders, as well as MPs and other stakeholders, concerned that insurers were taking a narrow reading of business interruption policy wordings.
The FCA carried out supervisory work confirming that insurers were refusing the majority of these claims and, as a result, went to the High Court to obtain a declaration on what was covered by the policy wordings and achieve a clear and swift final outcome to enable policyholders to receive claim payments as soon as possible.
The document contains guidance on how to prove the presence of covid-19 in a particular area for the purpose of making a claim under an insurance contract that was in force during March 2020 in response to the pandemic.
It came into effect on March 3rd and will cease to have effect on January 31st 2022, which is when the FCA expects that all issues relating to the presence of coronavirus will have been resolved.
Research from the Association of British Insurers recently revealed that up to £2.5 billion is expected to be paid for covid-19 insurance claims incurred last year, with £2 billion for business interruption claims and £204 million paid for protection insurance claims, such as life, critical illness and income protection insurance.
In addition, £152 million is expected to be paid out on travel insurance claims and £121 million is expected to be paid across other products, such as events, weddings and liability insurance.
Are you looking for business insurance quotes at the moment? See how Just Quote Me can help.
by jqm | Feb 8, 2021 | Business Insurance, Manufacturing Plant Insurance, Small Business Insurance
Have you thought about what would happen if your machinery breaks? Insurance for a manufacturing plant will be essential if a failure occurs.
As any business owner knows, the risk of machinery breaking is high. This could have a significant impact on your business so you need to be prepared. Insurance for a manufacturing plant will cover you for machinery, supply failure and the factories within which you operate.
Whether you are an SME or a large organisation, Just Quote Me can help with your insurance needs. Our experience allows us to get to know your company quickly and easily. We work with a range of leading insurance providers so various quotes can be provided.
Cover included in Insurance for a Manufacturing Plant
Your business needs to be protected. The fundamentals of many insurance policies are the same and cover you for many eventualities. In addition, insurance for a manufacturing plant will cover aspects specific to you so you have full cover in place.
The cover will include the following.
- Accidents or injuries to employees where the business can be found negligent (Employer’s Liability Insurance).
- Accidents or injuries to visitors (including customers) where the business can be found negligent (public liability insurance).
- Damage to equipment, including computers and phone systems, required to run the business.
- Damage to machinery required to produce goods.
- Loss of access to premise used to manufacture products, whether temporary or permanent.
- Loss of access to the supplies needed to manufacture goods.
There are many variables that need to be considered when looking for insurance for a manufacturing plant. These include flood risk or on-site visitors so we will discuss these when you call.
Contact Just Quote Me
Our expert team will be able to guide you and find the best policy for your business needs. To contact us, simply head to our online Quote System or call us on 0800 084 2325.
by jqm | Feb 2, 2021 | Business Insurance, Care Home Insurance, Insurance, Just Quote Me
Is your care home protected? Getting a care home insurance quote from the Just Quote Me team, will ensure you have in place the right level of cover.
All health and social care businesses need insurance cover. It is your responsibility to ensure it is running effectively and responsibly so having the right policy is crucial. Requirements vary from business to business so understanding your needs is the first step to making sure you are effectively insured.
What to Consider
Employer’s Liability Insurance
This is a legal requirement for all UK businesses so must be in place. It covers you as the owner against legal action or claims made by employees and ex-employees relating to accidents and injuries in the workplace.
Medical Malpractice Insurance
Nursing and medical care involve judgement. However, it is possible a resident or their family may disagree with your judgement. If they choose to make a claim on this basis and suggest there has been medical malpractice, specialist support to protect your business and your staff will be imperative.
Buildings and Contents Insurance
Looking after your building is a fundamental element when running a care home. In addition, contents insurance could be a useful policy addition. The contents insurance covers the fixtures and fittings, as well as furniture, office equipment and any specialist stock. Contents insurance will also cover medication and medical equipment.
Public Liability Insurance
Public liability insurance is a key element of nearly every insurance policy. It protects your business should a third party take legal action against your business. This could be because of an accident or injury or due to damage to their property. In a care home environment, there are many people, from residents to visitors, staff to contractors so the risk of accident and injury will increase.
Get a Care Home Insurance Quote Online
At Just Quote Me we work with businesses of all sizes. We can help arrange a care home insurance quote for your business. Our knowledgeable team will guide you through the process and ensure you have the right policies in place.
Contact us to find out more about a care home insurance quote. Go to our online Quote System or call us on 0800 084 2325
by jqm | Jan 25, 2021 | Business Insurance Price Comparison Site, Business Insurance UK, Insurance Quote Online
The contractor industry is becoming more and more competitive. Get your SafeContractor insurance quote online and stand out from the crowd. This simple action can showcase your business as an innovative, safe and trustworthy organisation. This combined with a SafeContractor accreditation puts you at the forefront of your industry.
Why get a SafeContractor Insurance Quote Online?
As a SafeContractor approved contractor, you will have had to include your insurance details as part of your SafeContractor assessment. Without insurance, you will not have the accreditation.
When you send your SafeContractor assessment to prospective clients, they will be able to see your level of insurance. Your SafeContractor accreditation lasts just one year so you will need to make sure you renew or purchase a new insurance policy on the renewal date.
Your SafeContractor Approved Contractor insurance should include several aspects that work to protect your business. These include;
- Public Liability – To help keep members of the public (and their property) safe in the event that your business causes damage or harm.
- Employer’s Liability – A legal requirement for businesses that employ staff. Compensation claims for Employer’s Liability can reach up to £10 million, so appropriate levels of coverage are essential.
- Professional Indemnity – If your business makes a mistake that leads to a client suffering a financial or professional loss, then indemnity insurance is vital.
- Tool, Plant and Machinery – Protect the tools of your trade with appropriate insurance. Whatever you need on a day to day basis needs protection.
- Commercial Vehicle/Van Insurance – if you rely on transport for your business, make sure your vehicles are covered for commercial use.
Get Your Quote Today
Just Quote Me works with a number of leading insurance providers to help find you the best deal for your insurance. To find out more about getting a SafeContractor Insurance Quote Online, contact us today on 0800 085 2325 or use our online Quote System.
by jqm | Jan 20, 2021 | Warehouse Insurance
Get A Warehouse Insurance Quote Today
Whether you manufacture, store or sell wholesale goods, warehouses generally hold large volumes of stock which would be expensive to replace if they were stolen or damaged. The same is true of the building itself and the equipment inside. This is why businesses need warehouse insurance. Without it, you won’t be able to protect your property, workforce, clients or customers.
Warehouse Insurance Policies
You can buy a single comprehensive, warehouse insurance policy or separate policies that will offer full protection altogether. Whichever option you choose, your insurance cover should include:
- Buildings Insurance, including water, fire and accidental damage. Malicious damage is also included in some policies, or business can ask it is added.
- Stock Insurance, which replaces damaged stock.
- Content Insurance, which includes all the non-stock elements of a business that might be housed in a warehouse. For example, shelving, computers, and other equipment.
- Product Liability Insurance, which protects businesses if the products they sell are faulty.
- Employers Liability Insurance, a legal requirement for all warehouses who employ staff. This covers for accidents and incidents that happen in the warehouse itself, including the use of tools and equipment.
- Warehouse Public Liability Insurance, which provides cover against claims made by visitors to the warehouse due to a company’s negligence.
Where businesses use drivers to deliver goods, you might also want to consider additional insurance for forklifts or trucks used to make deliveries.
Because there are so many elements to warehouse insurance it is essential that businesses get it right. If you don’t, you could find yourself covering costs for replacing stock or equipment or liable if staff or visitors are injured.
Get A Warehouse Insurance Quote Today
Do you have questions about warehouse Insurance? Call Just Quote Me for FREE on 0800 084 2325 or get a quote online using our Quick Quote Form.
