by jqm | Jan 31, 2019 | Business Insurance Blog, Insurance Quote Online
Manufacturing contributes £6.7 trillion to the global economy and in the UK, the industry is thriving. Current growth trends suggest manufacturing will be back in the UK’s top five industries by 2021 so business owners in this sector should be poised for an upturn in business. The manufacturing industry comes with additional risks to other businesses though, which is why it is important owners consider specific and specialised manufacturing insurance. Standard business insurance policies are comprehensive for some manufacturers, but it isn’t always the case.
What Risks should Manufacturing Insurance Cover?
Running a manufacturing business does come with risk. Not only because of the use of industrial machinery, some of which may require intensive training. Other obvious insurance risks for a manufacturing business include protection of buildings, stock, machinery and contents. Similarly, almost all manufacturing businesses employ staff to run the equipment which makes employer’s liability insurance a legal requirement. It ensures you have the funds available if an employee made a claim for illness or injury sustained as a result of their employment.
Manufacturing insurance usually includes product liability insurance too. As the business is so product-based, it is important to have this kind of protection. Products liability insurance protects against claims made by third parties. These claims tend to be from members of the public who claim to have been made ill or injured by your products. The expense of litigation in this area can be huge, therefore the right insurance is vital.
Equipment and Machinery Insurance
The equipment and machinery used in manufacturing are amongst the most important assets of the company. A good manufacturing insurance policy will consider these paramount. A good level of cover should provide protection should machinery break down, be damaged or be stolen. In some instances, cover may also involve the cost of repair rather than replacement. However, for most policies the machinery insurance in place will be to ensure it can be replaced like-for-like should the worst happen.
Manufacturing Insurance Quotes with Just Quote Me
Just Quote Me work with businesses of all sizes. This includes many factory-based businesses and companies which have manufacturing facilities. We work with each individual business to find the right manufacturing insurance quotes for their needs.
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by jqm | Jan 17, 2019 | Business Insurance, Business Insurance Blog
Industrial businesses, either on a light or heavy scale, come with many high risks. This a sector where risk of injury is higher than others and when running a light or heavy industrial premises you need to be sure you have the right industrial insurance policy in place. Many companies offer quotes to cover all elements of your industrial business, avoiding the need to invest in several different policies.
Different Types of Industrial Insurance
There are many different types of insurance you may need for your industrial premises and business. The first type to consider is industrial property insurance. Specialist buildings and contents insurance may be necessary, and this will ensure the premises is insured against fire, gas explosion and many other potentially perilous occurrences including flood, storm damage and explosion. Buildings insurance covers the premises for the full rebuilding cost in the event of a disaster and contents insurance will cover the cost of your stock at cost price. Machinery, plant and business equipment insurance is possible in two different ways. You can either choose from “replacement as new” or “indemnity” with the latter taking into account wear and tear when a claim is settled.
Industrial business owners may also want to consider business interruption insurance. Should something such as damaged equipment or an accident stop business, you can claim for the equipment. You will not be able to claim for lost time and capital unless you have business interruption cover as part of your policy. It compensates for any shortfall in gross profit due to a number of unexpected events. These will differ from policy to policy so it important to look in-depth before choosing any insurance provider.
Liability Insurances for Industrial Businesses
Many of the liability insurance policies business owners find in a regular business insurance policy are relevant to industrial businesses too. Industrial business owners are likely to have employees working on their premises. This means employer’s liability insurance is a legal requirement. Similarly, for industrial businesses involved in manufacturing products or parts of products, product liability insurance is also a vital type of cover.
Public liability insurance is not a legal requirement, but it ensures your business is protected against claims from third parties. It protects against claims brought by any third party for injury or loss related to your business and work, including damage to property.
Compare Industrial Insurance with Just Quote Me
Just Quote Me has been helping businesses in many sectors find the right insurance cover for many years. Our insurance experts can help you explore industrial insurance quotes and find the best option for your business.
To Compare Industrial Insurance Quotes Online:
Visit our online Quote System or call us for FREE on 0800 084 2325
by jqm | Dec 25, 2018 | Business Insurance, Business Insurance Blog, Business Insurance Price Comparison Site, Business Insurance Staffordshire, Business Insurance UK, Business Liability Insurance, Insurance
Business insurance is essential for every type of business. It is usually an incredibly flexible policy that you can tailor to suit your business and its unique needs. However, many people forget about business insurance due to the perception that it is expensive. So, how much does business insurance cost?
The cost of Business Insurance
The cost of insurance will depend on the amount of coverage your business needs. As well as this, it depends on the different policies that you want to include in the overall policy. This means that business owners can control the cost of business insurance by building a unique policy with a range of different covers.
One essential aspect of business insurance is employers’ liability insurance. If your business employees any member of staff, then it is a legal requirement to have employers’ liability insurance in place.
Other aspects of the insurance are not a legal requirement but can still be incredibly beneficial include public liability insurance. This provides coverage to third-party individuals such as customers or contractors in the event of an injury or property damage as a result of your business.
Another popular option is to include professional indemnity insurance. This is particularly useful for business that offers advice to customers that could prove to be faulty. If your advice may cause financial loss to your customers, then having this protection means you can pay in the event of a claim against you.
The main factor that will affect the cost is the risk of your business. Small businesses with less risk will pay a much small price. Rather than a large business that comes with a great deal of risk. The best way to determine the cost of business insurance for your needs is to get in touch with Just Quote Me. You can discuss your individual needs and the team will explain the various premium costs depending on what level of cover you would like.
Do you have questions about Business Insurance?
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by jqm | Dec 18, 2018 | Builders Insurance, Compare Public Liability Insurance Quotes, Employers Liability Insurance, Home Insurance, Insurance, Plant and Machinery Insurance
Building your own home from scratch can be incredibly exciting. In fact, custom build homes are increasingly growing in popularity. To help give protection to home builders whether they work independently or as a property developer, providers offer new build insurance.
New build insurance can provide peace of mind for all new build projects. The policy can begin from the point where an existing property is demolished, or land is cleared to the end of the work. Insurance can be there to provide coverage for accidents, theft or damage.
Why do I need New Build Insurance?
During a new build project, there is a variety of risks. At the beginning of the project, you have liability exposure. When work is underway, there are risks relating to the quality of the job as well as the tools and materials you use.
Insurance will cover the expensive tools, plant machinery and equipment that you need to complete the project. Should anyone steal the tools, new build insurance can cover the cost of replacement, allowing you to continue the project quickly, minimising disruption.
Another aspect of a new build policy is to provide coverage in the event of an accident. New build insurance will include public liability insurance as well as employer’s liability insurance. This means that as the policyholder if any friends, family or third-party contractor suffer damage or injury as the result of the new build project can receive compensation in the event of a claim against you.
New build insurance can be incredibly flexible, so you can tailor the policy to suit your exact specifications. Simply call Just Quote Me for more details.
Do you have questions about New Build Insurance?
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by jqm | Dec 11, 2018 | Builders Insurance, Employers Liability Insurance, Home Insurance, Insurance, Public Liability Insurance, Roofers Insurance, Scaffolders Insurance, Tradesman's Liability Insurance
A property conversion can be an exciting project to undertake. However, it can also be incredibly stressful and come with a huge range of risks. Conversion insurance can provide sufficient protection which you are conducting a property conversion project. Whether you are converting a barn, flat, farm buildings or commercial property, having insurance can bring peace of mind.
Why do I need Conversion Insurance?
Conversions will typically be a massive undertaking. Furthermore, they are often undertaken on buildings in a poor condition. Projects are not only expensive, but costs can rise further when things go wrong, or accidents happen.
Having conversion insurance means you have the protection in place for the project duration. It can cover the tools and equipment you need for the conversion which is often an oversight for people. Thieves can pray on construction sites due to the expensive tools that may be available. If your tools are stolen, then you not only face extra costs but a longer, more expensive conversion project.
Another essential aspect of conversion insurance is the coverage for accidents. It is likely that there’ll be many people involved in the conversion. From third-party contractors to friends and family, you’ll want to make sure everyone is safe and protected while on site.
Conversion insurance typically covers both employer’s liability and public liability. This means you can have complete peace of mind that you have cover in the event of an accident or injury.
One aspect of conversion insurance that you may want to include is coverage for legal expenses. This can help with any legal wrangles you may face regarding contract issues and disputes. With this in place, you have the chance of a safer, in-budget conversion project.
Do you have questions about Conversion Insurance?
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by jqm | Dec 4, 2018 | Builders Insurance, Home Insurance, Insurance, Public Liability Insurance, Tradesman's Liability Insurance
If you’re looking to upgrade your home, it can come with risks. Renovations can lead to property damage, mistakes can occur, and issues appear. All of which can be time-consuming as well as expensive to put right. With this in mind, renovation insurance can provide the peace of mind that you need when you’re doing up your property.
What is Renovation Insurance?
Renovation insurance is a type of property insurance that can provide protection for the home while it is being upgraded and renovated. The insurance can cover the existing structure as well as the materials and new work completed. Renovation insurance can also cover the tools, equipment and plant machinery on site during the completion of the work.
Is my Builder’s Public Liability Enough?
Most reputable builders will have public liability insurance. However, in order to make a claim on their insurance, you need to prove their work was negligent. This can often be difficult to determine and can take an incredibly long time to process.
What’s more, many people undertake their own renovations or get family and friends to help. In which case, any damage caused to the property or people on site would not have insurance. Regular home insurance policies do not cover periods of renovation. When people have the potential to suffer harm or injury from home improvements, then having renovation insurance will mean you have the necessary protection. It means you can cover the cost whether you are defending or pursuing a claim.
When considering the cost of renovations and the additional costs if work suffers damage by fire, flooding or storms, the small sum for renovation insurance can undoubtedly pay off in the long-term as well as providing much-needed peace of mind during a usually stressful time.
Do you have questions about Renovation Insurance?
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by jqm | Nov 27, 2018 | Business Insurance, Business Liability Insurance, Compare Public Liability Insurance Quotes, Insurance, Public Liability Insurance, Tradesman's Liability Insurance
As a plumber working in the property of your clients, you have a higher chance of risk. Every property is different and one mistake, not being aware of your surroundings can lead to damage. This is why it is essential to have plumber’s public liability insurance.
Why do plumbers need plumber’s public liability insurance?
All tradespeople need public liability insurance to protect themselves. Public liability can help to cover compensation should you cause property damage or injury to an individual. For plumbers, the risk is often greater. Furthermore, plumbers have the chance to cause even greater (more expensive) property damage as a result of a mistake.
It is important to remember that compensation can be exorbitant. However, defending a claim in court can lead to costly legal costs too. Not having this money could significantly damage your business. With insurance, you have peace of mind that you can cover the cost of a claim.
What is plumber’s public liability insurance?
Plumber’s public liability insurance is a specific form of public liability insurance. The cover options can have levels of indemnity of £1 million. This is usually the minimum amount. However, can extend to £5 million and beyond, depending on the needs of your business. It is up to your business to decide on the most appropriate cover for your business.
Don’t forget that it can help to pay for expensive legal fees, which you will have to pay even if you are not responsible.
The cost of plumber’s public liability insurance can vary depending on the risk and size of your business as well as the level of cover you want. Just Quote Me will scour the market to find you the very best deals at the best possible price.
Do you have questions about plumber’s public liability Insurance?
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by jqm | Nov 20, 2018 | Business Insurance, Employers Liability Insurance, Public Liability Insurance
The job of a ground worker is incredibly varied. Furthermore, it comes with several unique risks that can invalidate a regular insurance policy. With the interesting and versatile job of a ground worker, it is essential to have the right level of insurance that is as flexible as the job. With insurance for ground workers, you can enjoy the convenience of a single policy that protects you from all of the risks being a ground worker may bring.
What Insurance For Ground Workers Includes
Insurance for ground workers can be incredibly flexible depending on your requirements and personal situation. However, there are some key elements in ground worker insurance;
Public liability – Protect individuals who may suffer injury or damage to property as a result of your work with public liability insurance. Typically, public liability insurance will cover at least £1 million. However, ground workers tend to increase the cover to £5 million due to the potential risks of the work.
Employers’ liability – It is a legal requirement to have employer’s liability insurance if you have staff. This includes casual workers and temporary staff. Much like public liability insurance, this will cover you if staff make a claim. This could be due to injury, illness or damage as a result of working for you.
Personal accident – There are many hazards for ground workers. Furthermore, if you sustain an injury during a job that makes you unable to work you could lose income and have to pay for medical costs. Personal accident insurance will provide cover for serious injuries provide money for income and to cover any medical costs too.
There are many other cover options that you can include to make your ground workers insurance. All of which can make the policy more tailored to your needs. Aspects such as tool insurance and business equipment insurance may prove useful.
Do you have questions about Ground Workers Insurance?
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by jqm | Nov 13, 2018 | Insurance, Mini Fleet Insurance, Motor Fleet Insurance
With a ban on diesel vehicles coming to the UK soon, more and more businesses are looking for more sustainable ways to power their car. Electric cars and vans are becoming increasingly popular for businesses to add to their fleets. Of course, for these new ways to power the vehicle, you need the right insurance; electric car and van fleets insurance.
How Can Electric Car And Van Fleets Insurance Save You Money?
Of course, for the cost of fleet insurance, there are several variables that may affect the price. However, by having a fleet of electric cars and vans, fleet managers often find that they make significant savings with their insurance.
Typically, electric cars and vans have fewer maintenance requirements. This means the vehicles are less likely to break down or have an accident due to lack of maintenance. As a result, with fewer accidents on the road, insurance providers can reduce the cost of their electric car and van fleets insurance.
Furthermore, electric cars often have advanced safety technology. The technology on board your fleet can help to reduce the chance of accidents and collision. This is not only a plus for you but for your insurer too. This benefit is enhanced if your fleet also opts for advanced telematics insurance too – which is another excellent way to keep your insurance costs down.
Finally, studies by insurers find that drivers of electric vehicles are more likely to be responsible drivers. While this focus is mainly for individuals, research has found that it is helping fleet managers too. So, by actively choosing a more sustainable transportation method, you could be saving money on fuel costs and insurance.
Do you have questions about Electric Car And Van Fleets Insurance?
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by jqm | Nov 6, 2018 | Mini Fleet Insurance, Motor Fleet Insurance
In a bid to reduce their carbon emissions, many companies are turning to gas powered fleets HGVs. Innovate UK is even funding trials for these low emission vehicles as part of the Low Emission Freight and Logistics Project. Some of the big fleet operators to take part include ASDA. Great Bear, Brit European and Howard Tenens. However, what does this energy source mean for insurance and what is gas powered fleets HGVs insurance?
Understanding gas powered fleets HGVs insurance
Regardless of how many vehicles you have in your fleet and what fuel or power they use, they all need vehicle insurance. Of course, each vehicle having its own insurance can be a nightmare for fleet managers. This is why fleet insurance is ideal as it covers all of your vehicles in one policy.
All insurers will have a different number of vehicles to class the insurance as a fleet. Often there is a minimum number of two vehicles for fleet insurance. However, the maximum number could stretch into the thousands.
The benefit of having gas powered fleets HGVs is that the vehicles have lower CO2 emissions. Furthermore, the gas powered fleets HGVs tend to have lower power. This makes the vehicles safer in the eyes of the insurer. As a result, the insurance premiums tend to be much cheaper.
The benefits of gas powered fleets HGVs insurance
- The vehicles have less power which means they are safer to drive which lowers premiums
- Gas powered fleets HGVs insurance makes it easier to manage your whole fleet
- You are doing your bit for the environment and reducing your carbon footprint
- Furthermore, you could save money through insurance and fuel costs.
Do you have questions about Gas Powered Fleets HGVs Insurance?
Call Just Quote Me for FREE on 0800 084 2325 or get a quote online using our Quick Quote Form.
