What Should Your Combined Motor Trade Insurance Cover?

Whether you are just entering the industry or you are looking to review your current policy, it’s important you are aware of what protection each of the policies provide, helping you decide which is the right option to provide your business with the protection it needs.

One of the options you will be faced with is combined motor trade insurance which is suitable for a wide variety of businesses within the industry from mechanical workshops to body shops and so much more.

Things you are looking for with this level of cover is protection for your building, liability cover, tools and equipment and more.

One of the most important steps when looking at combined motor trade insurance is ensuring you are provided with adequate liability cover. Public liability cover is an essential cover for any business and protect you against claims made against you should a customer injure themselves while visiting your property.

What many business owners are not aware of is that they are legally responsible for any claims against them and in some cases these can amount to thousands, leaving the business in serious financial trouble if they don’t have adequate cover in place.

The next liability cover which should be included in this type of policy is employer’s liability. Employer’s liability is a legal requirement in the UK for any business that has one or more employees. It provides protection should a staff member injure themselves while at work, which in this type of industry can happen in a blink of an eye.

Then there is your building. Without your building you are unable to work, which is why it’s imperative that you ensure your property is covered against fire, theft and storm damage. In the event of damage, you can have the building repaired quickly without breaking the bank.

Road risks is something that should be included in any combined motor trade insurance policy. To legally drive on the road you need a driving license and insurance to drive a specific car, this doesn’t help you when you need to test drive a variety of vehicles on a daily basis, which is the cover that road risks provides.

You are able to choose how many drivers you want to add to this policy. Some companies choose to include all their workers in this policy, enabling all of them to test drive customer vehicles and be safe and legal while on the road, while other companies reduce their premium by hand selecting a few staff members to add to this policy.

Remember to keep your costs low, you want your drivers to be over twenty five with clean driving licenses. It’s worthwhile finding out if they have a private no claims bonus on their name, which can be used to prove to the insurer that the driver is not a risk to them, helping keep your premium as low as possible.

Being in this type of industry, you probably have some expensive tools and equipment lying around the property which you will want to protect. Should someone break into the property and steal your computerized equipment, it can leave you having to pay out thousands to replace it. Ensure that you have your tools and equipment included in your combined motor trade insurance policy, providing you with adequate cover against fire, theft and storm damage.

The final step is to ensure that you include business interruption cover. There is nothing more frustrating than your building being damaged by fire or flood and you are unable to work. This leave you without an income, which this level of cover can protect you against, enabling you to pay staff and bills while the building is being repaired.

Evans and Lewis is a specialist insurance broker, dedicated to the motor trade industry. The company works with the leading UK insurers to provide their customers with the highest level of cover at competitive prices. Evans and Lewis have years of industry experience and knowledge and understand that each company has different requirements, which is why they offer tailor made policies to offer the protection needed. The company is dedicated to customer service and offers a fast and effective claims process. Evans and Lewis is a top choice whether looking for a first time motor trade insurance policy or looking to switch insurers.

Handy Advice for Travel Insurance Claims

Anyone planning their summer holidays will undoubtedly understand the importance of purchasing a good single trip holiday insurance policy. Such policies are designed to provide financial protection in the event of injuries, illnesses and unexpected mishaps. However, it is worth bearing in mind that considerable numbers of claims are rejected each year. If you’re keen to ensure ultimate financial protection, it’s worth following the guidance outlined in this article.

Consider Different Policy Providers

It might be tempting to use a comparison website as a means of identifying the most affordable single trip holiday insurance policy. However, you should bear in mind that there is some variation in the level of cover offered by different companies. Some will opt to exclude financial protection for lost luggage or delayed flights; others may limit the amount of cover for medical treatment. It is always a good idea to read the small print and ensure you are assured of financial protection in a variety of scenarios.

Take Pictures Of Your Valuables

In an ideal world every company would have absolute faith in the honesty of their customers. However, they are quite aware of the potential for fraud. The specialist providers consider it a priority to ascertain the validity of any claims. As a traveller you are urged to take the precaution of photographing any valuable items you plan on taking with you. You’ll be able to use the photographic evidence subsequent to instances of theft or unavoidable damages.

Disclose Essential Information

The specialist providers of single trip holiday insurance demand the disclosure of information about pre-existing medical conditions. They also expect to be informed about the results of medical tests taken prior to your vacation. Customers deemed to be at an increased risk of illness might have to pay more for cover. However, it’s better to pay a premium than face the possibility of rejected claims.

Contact the Insurer At the Earliest Opportunity

It is absolutely essential that you contact your provider at the first possible opportunity after an accident while on your break. You’ll be able to recall key information to ensure the likelihood of a pay-out. Travellers are sometimes tempted to elaborate on certain details in the hope of receiving considerable amounts of money; however, customers who remain honest stand the best chance of their claim’s success.

Don’t Be Afraid to Complain

If your single trip holiday insurance claim is rejected for any reason, it may be possible to file a complaint. The financial ombudsman will then judge the validity of your case. Every aspect of the case will be investigated and assessed in order to provide a fair and equitable outcome.

Insurance Policies – Before Signing On The Dotted Line

Before taking an insurance policy, it is important that one considers a number of crucial factors to avert losses or regrets. The insurance industry is undergoing exponential growth compared to earlier years. In most countries, the middle class is growing rapidly. Such people have spending power. By the time a person reaches 35 years of age, barring other eventualities, there is a profound sense of the need to prepare for a future devoid of employment and concomitant income. Insurance companies fill this gap. Despite this, it is imperative that one understands what he or she is committing to before taking an insurance cover.

To begin with, one needs to fully comprehend what exactly they want for the future. Insurance is primarily meant to cushion one during unexpected events. It is also a form of saving for one’s future and that of children. Consequently, one needs to have a clear idea of their need for a policy. For example, there are insurance policies covering children’s education. Some policies cater for the beneficiary after retirement from active employment. Unless one has a well-defined plan in place, insurance will be a disappointing venture. It is imperative, therefore, to gather relevant information on the policy you are interested in, before making a decision.

Second, before taking any insurance policy one needs to consider whether he or he can finance it. Never forget that you are the beneficiary, but also the contributor. Insurance companies are saving money for you for another day, when you will need it most. Why then should you buy a cover which you cannot finance based on your income base? Remember that you will pay the premium as well as regular installments. Bear in mind that in some cases, the amount you will pay will depend on some criteria. In life insurance, for example, the amount you pay depends on your current health status, your lifestyle, age and profession, among other factors.

Finally, insurance is an industry that has its language and terminology that you need to understand. Do not rush to sign on the dotted line unless you understand what you are committing yourself to. If you are not conversant with insurance or financial matters, enlist the aid of a friend who does. You may also consult an expert. Read through the document several times. Ask for clarification, where necessary. Only when you are sure you understand all the stipulations, especially on your contributions and benefits, should you take an insurance policy.

Life Insurance for Working People

Life Insurance is required if you have a family that is dependent on your salary and if you have any debts to pay off. There are many advantages of getting an insurance cover. Also many factors determine what kind of insurance you should go for. Insurance companies determine the risk by evaluating your situation and decide on a policy suitable for your needs. The rates for the policy are determined through the risk evaluation. Few of the factors that insurers consider for deciding on the rate are – age, career, your health, family health history, marital status and location.

Age is an important factor which means, the older you are the higher will be the premium rate. Policies for those over fifty would be more expensive as compared those under fifty. If you are healthy and there is no serious ailment then you can get a good premium rate. This is also determined looking at your family history for any illnesses.

Your health and habits also affect the policy rates. If you are a smoker your premium rates would be high because smoking is related to a lot of health problems.

If you are working then your career also plays an important role in determining the insurance rate. Some occupations are riskier as compared to others and hence more risk means higher premium rates. The risks are mainly accident related risks that are considered by insurers. So if your work involves working with toxic materials or parachute or hang glider, then premium for your life policy would be higher.

On the other hand if you have a job which is a routine office job then you can expect low premium rates.

It is not only your career that affects premium rates, but your weekend hobbies could also determine the policy rates. For example if you do a routine office job on weekdays but on weekends if you are a BMXer, then this may be considered while determining your premium rate. Although it may not be as high as a regular risky career, it will still affect your premium rate.

If you have a family and a high risk career it is advisable to go for an insurance policy that caters to this need so that you get a suitable policy value to protect your family and help them cope with the expenses that may occur in the event of any unexpected incident causing your sudden death.


Life Insurance for Seniors

A death in the family is never pleasant news to hear and securing your family with a financial cover enables to reduce the financial burden. In case of medical illness, Life Insurance provides a cover to meet the rising cost of the medical treatments as well. A sound insurance policy eases the financial burden and protects your loved ones.

Life polices for seniors are different from those of people below fifty years of age. It is a little difficult to get a good policy value for those who are above fifty. The reason for this is that insurance companies know that people below fifty will live longer and death count is more for above than under. Few other factors that are considered are – whether there is any surgery, or cancer in the family or any treatment for heart diseases or diabetes.

Based on this, you can choose a policy. The purpose for life policy for a senior may be varied. Generally the main purpose is to meet the final expenses and pay all the estate taxes for the properties that they may have.

To select the right plan, you can consult with an agent who is experienced in insurance policies for seniors. The agent will help you decide whether to go for a term policy or a whole policy. Whole policy is life long and the benefits are given to the family on the death of the insured person. Term policies are for a fixed like twenty or thirty years. In event of death of the insured person during the term, the term benefit is paid to his family.

Generally life policies for seniors are term policies. If you have existing ailments, the price of term plans will be high. To get a low premium plan you need to be fit and healthy. You could maintain good health by doing regular check-ups and having a health plan. Another factor is, if your credit history is good and you have paid off all your mortgages and financial debts you could get a good rate for premiums.

To get the most cost effective plan, you could consult an agent who specializes in insurance plans for seniors. He should represent many companies so that you choose the best plan that suits your individual needs. Once your situation is clear to the agent he will use his expertise and knowledge to get you the best suitable policy.

Life Insurance for Working Women

To make sure your loved ones are able to meet all expenses, pay all bills in the event of your untimely death, a life insurance policy is a must. To explain in simple terms how it works, you simply pay monthly premiums to an insurance company and they offer you a certain amount of coverage. Your family can then live on the amount of coverage you selected in your policy.

If you are single working woman, nobody else will pay your bill or medical expenses if you get ill, so the best option is to search for a simple and affordable insurance plan. It is advisable to plan your future and prepare yourself for all possibilities. The most common policies are the term policies and the whole life policies that are offered by insurance companies. If you do not have any medical problems and expect long term benefits then these are the right choice. If you are a working woman and do not wish to be absent from work, you can choose a policy which does not require any medical examination. There are companies that offer such policies and the applications are processed quickly. Additionally if you have recent medical examination reports which show that you are fit and healthy, then you could get a larger coverage with cheaper premium rates.

Today more women are working and it becomes necessary to have an insurance plan for women. Do you require insurance if you are not working and are a stay-at-home spouse? Those women who are not working are also encouraged to have coverage. Moms who stay at home and take care of children should also be insured and research shows that cost of childcare by moms at home comes to around thirty thousand dollars.

Women rarely think of getting insurance although more women are working outside their homes than before. More households are two income homes and it is necessary that both the spouses are insured. To have your insurance cover expenses, it is advisable to get coverage of at least 7 to 10 times your current income.

As a working woman you could first check with your employer if they offer any form of life insurance. This may be the cheapest option. You also need to make sure the coverage amount is what you need. The other option is to look for an agent who would help you buy the best policy suitable to your needs.

Risks That May Push Up The Cost Of Life Insurance

A few risks may push up the cost of life insurance, and it is important to know what these are. It would not only help lower the cost of your insurance, but it would ensure that you also opt for the right benefits. By making the right choices, you would also ensure that you avoid life insurance risks of increased cost.

If you want to ensure that the monetary value of your life insurance remains low, you should consider some of the following:

  1. It is important that you do not lie when you apply for insurance. You should make every attempt, as far as possible, not to exclude any information. Should the company fin doubt that you have excluded vital information they are bound to raise the cost of your insurance or they could cancel your policy.
  1. Many insurance companies can offer you life insurance without a medical examination. This could increase the risk of pushing up the cost of life insurance. In order to prevent this, you should therefore make the effort to have a doctor’s check up. It is a simple matter of blood tests, weight and height checks. As indicated above, you should reveal any conditions you do have beforehand as well.
  1. If you are a smoker or have any other poor health habits, you should reveal that too. Some of these poor health habits are things such as overeating, heavy drinking, and taking drugs. These risks will increase the premiums. If you are participating in dangerous activities such as an action packed sports or working in a dangerous environment, you will need to pay a higher premium as the company sees this as a risk as well. You can lower the premiums by making the effort of living a healthier and safer life.
  1. Should you be paying a higher premium because of any of the above reasons such as poor health, and other unhealthy habits, the importance is that you have a reassessment done if any of your circumstances have changed for the better. With improved health, the chances are sure that your risk profile would have changed. This could lead to the lowering of the insurance premium. It is your responsibility to make the company aware of your new healthier, risk free status.
  1. There are a few ways in which you can apply for life insurance to avoid the costs of life insurance risks. Many companies have their own agents and they offer only the packages of the company for which they work. Should you speak to such an agent only, it would mean that you do not have any other deals to compare with, and therefore get the best deal. The risk here is that it may push up the cost of life insurance. Getting a broker, with more than one company assessed, you could opt for the best package at the cheapest rate.

The most important aspect that you should consider here is that, the healthier you are, the better the chances you have of paying a lower premium. This will reduce the risks that may push up the cost of life insurance. Ensure that you use an independent broker to calculate the cost for you.

Personal Accident Policies

We are always told that accidents happen, there is nothing we can do about it, and it’s simply something we have to deal with as a part and parcel of our existence. Do we know for sure if it will ever affect us? No. If we do meet with an accident do we know how it will affect our lives? We cannot. So what can we do in the face of all these variables? We can ensure our families future by obtaining a personal accident insurance policy.

What is personal accident insurance you ask? Like most other insurance policies it is an agreement that is reached by two parties, the insurer and the insured, where the insurance provider or insurer, agrees to provide the insured or his family with financial compensation. In the case of accidental insurance, this recompense is offered in case the eventuality that the insured passes away or is permanently disabled due to an accident by external and visible means.

There are different kinds of personal accident policies that are offered by a number of financial institutions and insurance firms. One type of policy is to provide the insured with cash to cover the expense of medical treatments caused by an accident. In some the cases it may even cover the cost of the period you are unable to go to work, thus allowing a normal environment at home. A number of policies also cover death caused by accident. This means that in the event that the accident causes the death of the insured, his beneficiaries would receive the pre-arranged sum. The third and final policy available is for disability caused by an accident. Here, if the insured is rendered unable to continue a job due to a disability caused by an accident, then the policy will provide him with a certain amount of his insurance amount every month as a kind of income.

As always, there are terms and conditions that need to be read before applying for and beginning to pay the premiums. What must be kept in mind is that while everyone applies for life insurance and health insurance, they do not consider the fact that there are certain accidents and events that these policies will not cover. So, take a look at your current situation and see if there are any eventualities that you need to protect yourself and your family from. You can check policy as per you and your family needs and then only select a particular plan.

The Importance of Life Insurance

When we are young, we think that we are invincible. Because we think we are invincible we don’t think too much about what would happen after our passing. If you have a family you need to be thinking about what would happen if you suddenly passed away, even if you are young and you assume that you will live to an old age. This is what life insurance is for. While most of us don’t like to think about our death, we should all think ahead in think about how we can ensure that the people we love will be able to continue to live the lifestyle to which they are accustomed even after our passing.

Life insurance is like all types of insurance, you pay for it and hoping that you will never need to use it. While you don’t plan to have to use it anytime soon, it is a nice safety net to have in the event that you did pass suddenly. The idea is that you will pay life insurance premiums over the course of your life. This will allow you to have a sum of money that will be available to your beneficiary. The purpose of the money will be to pay for any end-of-life expenses such as the funeral, as well take care of any debt that you may have in your name. Many people also like to take it a step further and ensure that they have enough coverage for their loved ones to make housing payments and continue to live in the way that they have been. This is especially important if you are the main provider for your household.

Life insurance is particularly valuable for those who have children. When you have children, you need to think about how they will be taking care of over the course of their life. While most parents hope to be alive to see their children into adulthood, accidents happen. Life insurance will be there with an accident happens. It will be funding that will allow your spouse to be able to continue to care for your children even in your absence.

Because we never know what is going to happen tomorrow, it is better to take the time today to plan for what could happen. Life insurance is available in many different types and you can choose how much life insurance you would like to buy. If you have older children that will not require a spouse to care for them through childhood into adulthood, you can choose to have a less life insurance. You can choose just to have a policy that will cover basic end-of-life expenses. If you want to ensure that your spouse or your children will be comfortable even upon your passing in terms of finances, you can elect to have tens to hundreds of thousands of dollars in life insurance coverage.

Planning ahead today will give you peace of mind for tomorrow. No one likes to think about their desk, but thinking about it now and applying those thought to life insurance, will help to ensure that even upon your passing yourself and your children will be well taken care of. It is worth the time and consideration now as it will be an invaluable asset in the event of your death.

Event Insurance: What the Insurance Covers

Event insurance is a prerequisite when you want to hold an event or a special occasion. This can also cover an exhibit in a trade show to promote a product or a service. The coverage offers protection from loss or a misfortune. The insurance can cover your property, products and services, life, accident or and disability.

One of the reasons why event insurance is beneficial is because it can cover different events. Although you get one policy, the coverage has many uses. You can take this policy for a business conference, trip, speaking engagement, parties, weddings and seminars. Anytime there is an event taking place, there is usually a form of security deposit that is at risk. With this insurance, the loss of this money is prevented. This insurance is an effective approach to manage financial losses. Here is the coverage that you should expect from this insurance:

1. Cancellation of the event. This also includes postponement or relocation of the event. There are times when you plan an event but needs to be cancelled last minute because of the weather, strike, natural disaster or terrorism. No matter how much you plan for an event, there are cases where there is low attendance or losses because of unavoidable circumstances. Event liability insurance will assist in recovering from the losses you incurred in planning and other costs of the event. This insurance can also cover product liability so that you can enjoy yourself in the event without having to worry about the safety of your guests.

2. Special event insurance is the best cover for exhibitions and trade conventions. This is very important for your business as accidents usually happen when we least expect it. Although you can consult an attorney and file a claim, the best recourse is to rely on this cover to immediately assist the business in recovering from the loss.

3. People who are celebrating an occasion such as a wedding or a party can obtain one day event insurance. You are usually held legally responsible should an accident happen that leads to injuries of those in attendance. There are cases where it might be difficult to repay everyone or take care of health costs in the event of an accident or injuries. Additionally, you might have hired premises and damaged the property. These accidents happen. It means that there are certain administrative charges that you will need to pay for the losses. With this insurance, you can be sure that the cover will be of assistance.