Category: Insurance

Any business or individual working in the cleaning industry is likely to need some type of cleaning liability insurance, covering liability towards themselves and their employees, the public and their client.

Polished Insurance can help guide you through this process, and provide different types of insurance, such as cleaning liability insurance, that will give you full and comprehensive coverage.

Types of cleaning insurance and why they’re important

There are three main types of insurance that may apply to your business – public liability insurance, product liability insurance and employer liability insurance. This applies to any type of business you operate, whether it be window cleaning, office cleaning, domestic cleaning, contract work or simply one-off jobs.

Public liability insurance is important because it covers you or your business against compensation claims if you are deemed or held liable for injury or damage to a third party, normally whilst working at their premises.

Product liability insurance is often needed in case any of the products you use in your cleaning work cause damage to any individual or their property.

As an employer you have a number of legal obligations towards your employees, which can differ depending upon the number of people who work for you. It can also get quite complicated as it depends on the type of relationship you have with your employees, i.e. whether they are freelance, self-employed, employed or contracted.

In any event you will need some type of employer liability insurance to cover you for compensation claims arising as a result of illness or injury suffered by an employee in the course of them conducting your business.

Accidents at work

A recent report by the HSE (Health and Safety Executive) highlights the number of fatalities at work owing to accidents, and lists the industries that are most at risk, and the type of accident that is most common.

These figures in terms of fatalities can also be used to make reasonable assumptions about the likelihood of non-fatal injuries that are also likely to occur. This can give a reasonably good indication of where risk factors lie, and what can be done to minimise them.

The report shows that the most dangerous industry for fatalities relating to workplace accidents was construction, followed by agriculture, manufacturing, transport and storage and waste.

The most common type of fatality by quite a significant margin was falling from a height, followed by being struck by a moving vehicle, struck by a moving object and being trapped by something collapsing or overturning.

These types of fatality, and the industries they occur in, provide a useful, if rather grim, picture of where and how workplace accidents are most likely to happen.

Risk management

There are a number of risk factors which determine how much at risk your business is, both in terms of the likelihood of an accident at work, and your likelihood of needing to pay compensation with regard to a liability claim.

Types of work environment

What type of environment are you doing the cleaning in, both internally and externally?

Different businesses have different types of workplace and when cleaning these premises you can be exposed to a variety of risks.

For example, are you required to use any type of lifts or hoists as part of your cleaning work, or in any way are you or your employees suspended off the ground for any period of time?

Has the business you are cleaning for ever been prosecuted, or are there any prosecutions pending under any statutory regulations such as the Health and Safety at Work Act or the Consumer Protection Act. If so, what are they for?

Employees

Most types of cleaning work give the employees of your business access to areas of sensitive and delicate information. This means that you must be able to trust your employees, as you will be liable as an employer in the event of any fraud or data breach.

This can get more complicated when there are different types of employee, such as permanent and temporary staff, contract and freelance staff and subcontractors.

You should make sure that all employees have a DBS check, possibly enhanced, depending upon the nature of the environment you are working in.

You should also know if any of your employees, as defined above, have been declared bankrupt or insolvent, or have any criminal charges pending.

When it comes to your next buy or renewal of online two wheeler insurance, you would love to get yourself some offers or discounts, right? The good thing about purchasing comprehensive or third party bike insurance is that you can get the best coverage at the lowest possible premium if you manage to research well. All that you need to go about the act in the most cost-effective of ways is to assess your coverage needs beforehand and figure out the add-ons that you cannot do without.

As per the Indian Motor Vehicle’s Act, 1988, it is mandatory to have a valid third party liability cover if you have a two wheeler insurance. Personal accident coverage and protection for damages or total loss of your bike or scooter is optional and can be availed under the comprehensive insurance plans along with third-party coverage – choose accordingly.

Methods to Buy Premiums in Online Bike Insurance

You may like to check out the premium amount that suits your coverage needs by taking the help of a premium calculator. It is advisable to check out the various essential and non-essential add-ons that can escalate the premium figures before purchasing the plan of your choice. While third-party liability premium will give you coverage for injuries and damages inflicted to third parties, a full comprehensive bike insurance plan will help you get financial protection for damages to your bike and injuries borne by you as well.

How would you like to avail the best possible bike insurance premium discounts that will make you smile from ear to ear? As it is difficult to dispense with bike insurance altogether, getting sound discounts can serve as a silver lining for your purchase or renewal of premium.

Discounts on Premiums in Online Two Wheeler Insurance

Here are some easy ways of getting discounts to reduce the premium of your two-wheeler bike insurance policy.

1. Buy online

Online marketplaces are fast becoming a rage in contemporary times because of the ease and convenience of purchase offered by them. The world of online two wheeler insurance plans is no different. By buying bike insurance online, you can look forward to getting almost double the savings on your premiums than what you would expect otherwise.

This is possible as you can compare numerous available plans to zero in on the one that suits your coverage and financial needs to the hilt. There are many insurance companies that offer discount premiums in case you choose to invest in their plans online.

2. Long-term policy

Courtesy IRDAI’s amendments in context to two-wheeler insurance plans, it is possible to buy coverage for tenures longer than one year. These days, insurance policies for two wheelers are available for 2-3 years as well.

In case you decide to buy one such policy, you may expect to get lucrative discounts from the insurance companies in the reckoning. Most providers of bike insurance in India would offer 10% to 15% discount on premium for policies having a tenure of 2 or 3 years.

3. Claim NCB discounts

No Claim Bonus or NCB is the discount available on the premium amount if you do not make any claim in a given year. This discounted amount will be deducted from the subsequent year’s premium. It increases with each successive claim-free period of coverage and may go up to 50 percent off after 5 claim-free years.

In case you are renewing your premium on insurance aggregator and comparison portals like Coverfox.com, it would make sense to assess your accumulated discount amount and rate for the purposes of reducing your next premium amount.

Way Forward

It’s recommended that you compare different online two wheeler insurance plans on reliable sites like Coverfox.com before taking your next step. Once you have researched upon all available bike insurance policies available on the portal, you may want to apply for the one that meets your third-party liability and other coverage needs adequately.

Fill in the requisite details after you are sure of buying the policy that best adheres to your needs. Pay online through safe payment gateways to get your vehicle insured at the lowest possible premium, and maybe at a good discount!

When it comes to protecting your finances, having the right amount of insurance is important. If you’re looking for redundancy insurance, doing your due diligence and researching various insurance companies is your best bet. Most insurance companies offer the competitive prices you need but it is still good to do some comparisons so that you are sure you are getting the best coverage for the best price. With many insurance companies, there are websites available that allow you to fill out a form with some basic information and get an estimate of what your premium will be, which is a great way to start. Whether the redundancy is planned or unexpected, these policies take excellent care of you every time and allow you to have the peace of mind that you deserve.

Being Prepared Helps You Financially

Preparing for being out of work, even if you aren’t expecting this to happen anytime soon, is much easier when you purchase one of these insurance policies. After all, this is money coming to you that isn’t coming out of your own pocket and since the policies are affordable and easy to get, it always behoves you to purchase a redundancy policy. The advantages of one of these policies are numerous and include:

• You will feel less stress and worry.
• Unemployment can happen at any time and without notice.
• It may take you months to find another job.
• The money lasts until you get employment again.
• You can use the money for rent, grocery bills, doctors’ bills, and more.

If you need income protection redundancy, all you have to do is contact a reputable insurance company and the agents will take it from there. They can show you policies from various underwriters, enabling you to decide which one is best for you. Furthermore, these policies give you less reason to worry because you’ll know that you can pay your bills if you suddenly lose your job.

Paying Your Bills Shouldn’t Be a Struggle

Paying bills on time is a priority for most people and this is what redundancy insurance enables you to do. If you’re a business owner, you can offer this type of insurance to your employees, giving them an extra perk for working for you. The policies usually pay a percentage of your income but for most people, these funds are enough to pay bills so that none of them get behind. Many insurers have no waiting period and will pay you monthly for up to six months or until you find employment, whichever comes first. Naturally, there are some restrictions with these policies but the right agent can go over everything in detail so that there are no misunderstandings later on, enabling you to relax and have one less thing to worry about.

Income protection is a very important type of insurance that every working adult should have, as it protects your income in the event you are unable to work for any reason. Most policies would cover any period up to a person’s death, and you can also obtain short term cover, which would be a little cheaper.

Personal Injury

If you suffered a personal injury that stopped you from working, you don’t want the additional burden of worrying about money, and the income protection insurance would match your salary on a monthly basis until such time as you can return to work. This might only be a few weeks, or it could be a permanent injury, and in that case, the insurers would make a lump sum pay out based upon your age and the extent of your injuries.

Sickness and Disease

Anyone could suddenly come down with an illness that prevents them from working, and with the right type of income protection, you would be covered for any eventuality. There are online brokers who can quickly obtain at least 5 quotes based on the given information, and they can usually offer very competitive quotes, as they have a good working relationship with all the major insurers and therefore are able to get a lower quote than if a member of the public approached them directly.

Employer’s Liability

Most employers will not cover a person for more than 12 months, and in the event you are off work for longer, the strain of having no income will soon become apparent. By taking out adequate income protection insurance, you will have peace of mind, knowing that your monthly salary is guaranteed for an indefinite period. Some employers might only cover their workers for 6 months, and if you were to be away from work for longer, they would not support you.

Online Brokers

The best way to source any insurance is to use an online broker, especially with something as complex as income protection. There are many variations and by explaining your needs to an online broker, they can very quickly source up to 8 quotes from reputable insurers, and they can often obtain much cheaper premiums due to their ongoing business relationship with the insurer. Not only that, sourcing online is very convenient, and by dealing with a single company, you can receive many quotes at one time.

Salary Linked

The premiums for this type of insurance would very much depend on your salary range, but whatever that might be, using an online broker will definitely give you the advantage, and they would be able to tailor the cover to suit the client. The only way to discover the cost of such insurance is to make an enquiry, and if you use an online broker, the entire process of sourcing the best cover would only take a matter of minutes.

If you rely on your income, it makes complete sense to set up some form of income protection, and with a simple online search, you should be able to locate a reputable broker who can source the best deal.

Of the total 3.98 crore non-corporate entities that should have filed tax returns for FY15-16, more than a crore didn’t make the deadline of August 5, according to figures published by India’s Central Board of Direct Taxes, Department of Revenue. Even those who did file their returns before the deadline, did so in just the nick of time.

This clearly shows that most of us leave financial planning for the eleventh hour. With most of us falling under the 10% or 20% slabs, we’d do almost anything to reduce our tax burden. So, we run helter-skelter, with the clock ticking against us, and invest in the first tax saving schemes that look good enough. We don’t have the time to set financial goals or to ensure that the investments we choose align well to our circumstances.

You’ve probably worked very hard to earn the money. It’s time you give a serious thought to your financial future and various tax saving plans that can actually prove to be worthwhile investments.

How to Increase Your Tax Benefits

There are a number of tax saving instruments that one can consider. While helping you reduce your taxable income, these policies can offer you a host of other benefits.

Life Insurance: Select a life insurance policy based on the cover you’re seeking for your loved ones. The premium you pay is eligible for tax deduction under Section 80C of the Income Tax Act, 1961. The tax deduction limit is up to ₹1.5 lakhs per year. Moreover, the proceeds paid by the insurer on maturity of the policy or the death cover received by your loved ones are tax free, under Section 10 (D).

Medical Insurance: According to Section 80D of the Income Tax Act, you can reduce your tax burden by an additional amount of up to ₹15,000 per year by taking a medical insurance policy. For senior citizens, this limit is as much as ₹20,000.

ULIP Plans: Instead of a pure life insurance plan, you may consider ULIPs, or Unit Linked Insurance Plans. These are insurance-cum-investment plans. This is a low-cost investment option that gives you a death cover and tax benefits.

Pension Plan: A taxpayer can claim a tax deduction of up to ₹1 lakh on the premium paid towards a pension plan or annuity plan. This tax saving plan falls under Section 10(D).

Tax saving schemes should not be seen merely as a way to lower taxable income. A combination of plans should be chosen depending on the returns and cover you desire for yourself and your loved ones.

Insurances have been an effective part of the life of the people and therefore, they have been serving as the lifeguard of the people in various disastrous periods. It has been a well known fact that the insurances have been considered to be one of the best tool to secure the future as they are the savings that can be highly effective at the required times. Insurances are available on each and everything like life, cars, business and many more and here we are with the business insurances that have been serving with the best secure future of the particular business. The business insurance carlisle pa has been quite effective to get the business at right track and form up its safety.

What the business insurance carlisle pa is actually all about?

Well it has been an often asked question that what the business insurances of the Carlisle pa is actually all about and thus, here we are with few of the information that may lead to learn more and more about the business insurance of the carlisle pa which has been serving people widely with its best of the services. It has been a well known fact that the business insurances have been serving as the life guard to the people and hence, here we are with the business insurance carlisle pa that has been serving in the best possible manner to secure the future term of any of the specific businesses of the people. It has been availing various often insurance policies that have been effectively serving the billions of the companies in the best possible manner. The websites have been effectively leading with the various insurance services and therefore, have been delivering the appropriate insurance coverage services that have been leading the people with greater benefits for the further upcoming future.

Avail the benefits of business insurance carlisle pa at affordable market rates

Whether it is a small business or the larger enterprises, the insurances have become a must for every platform so that at the unforeseen incidents it can be highly helpful to the businesses to recover in the easiest manner. Hence, here we are with the business insurances of the carlisle pa that has been playing an effective role in the management as well as securing of the future of the businesses. People with either the small business or the large enterprises, both can avail the business insurance policies of carlisle pa as they are available to the people on the best affordable rates. Hence, people now may not need to worry about the rates of the insurance policies as they have been available for the people with best benefits at affordable rtes.

Expertise insurance policies available

• Business interruption insurances
• Business owners package insurances
• Builders risk insurance
• General liability insurance

Apart from above mentioned policies many more are there that have been serving at its best to people and have been availing the best future benefits.

If you are in an accident that was someone else’s fault, you could very well want compensation once it’s over, and nowadays there are companies that can manage your compensation claim from start to finish, which means you have one less thing to worry about. Whether the accident involves your vehicle or motorcycle, or even medical negligence or a fall in a public place, these companies can help you get what you deserve, and they do it all at prices that are easy to afford.

How to Get Started

Finding the right company to manage your compensation claim is important, but fortunately there are numerous local companies with the expertise and knowledge to do an excellent job. They work closely with you throughout the process, and assist you with insurance companies, repair shops, and even the other party involved, which makes initiating and following through with your compensation claims in Glasgow that much easier. They also make sure that you get the best possible service in each of these areas, which means that your claim is always being handled in a professional and compassionate manner.

Expecting – and Getting – the Absolute Best

Companies that help with compensation claims work with you throughout the process, which is a big convenience because without these services, it can be difficult to know what to do next, especially if you have a severe injury that resulted from an accident. Many of these companies can be found online, and even include online enquiry forms that you can fill out to determine your chances of being compensated. Naturally, they work only with claims related to accidents that are due to someone else’s negligence, but it is still good to know that when you need this type of company, they are available to provide the assistance you need and deserve.