BIBA Origins

BIBA Origins In 1977 BIBA was created with the sole purpose of representing independent insurance brokers. Once the Financial Services Act was passed in 1988, Independent Financial Advisors joined BIBA and as a result the name “BIBA” was altered to British Insurance and Investment Brokers Association (BIIBA). In 1994, BIBA helped establish the Independent Financial Advisors Association because the independent financial advisors desperately needed an association to represent them.

After the formation of the IFA Association in September 1999, “BIIBA” reverted back to “BIBA”, dropping the “Investment” part. Today, BIBA represents the insurance industry and advises consumer bodies, members, the regulator and other stakeholders on crucial insurance issues. It offers the following facilities and services to its members : Press Office and Marketing Support Member Support Team Publications Consumer Advice Internet Schemes and Facilities for brokers to offer to consumers and businesses. IT Support Insurance Training Services Technical Services

The training sessions include short course assessments. These assessments consist of approximately 10 - 15 multiple choice questions to test the trainees understanding of the main aims and objectives of the course. Companies can send their employees to attend training programs in London or other locations such as locations such as Birmingham, Ipswich, Leeds, Leicester, Liverpool, Manchester, Newmarket, Norwich, Romford, Bristol and Cardiff. If you feel that a training session should be held in your area, contact the Training Coordinator at BIBA (020 7397 0243). Check the ‘Schedules London’ page on the BIBA website for courses held in London and the ‘Schedules Regions’ page for courses held across the UK. BIBA offers both Open Training and In-house Training. In open training, the session is held at your office or any other location you select, but local members will be permitted to join the sessions if you have fewer than 14 members of staff attending the session. You can use this type of training if you want to get just a few members of your staff trained in one subject. In-house training is customized training provided at your office or any other location you select. BIBA will send a trainer to the location to train a maximum of 14 members of staff per training session. Discounts are available and BIBA provides all the training materials.

CHUBB AIG AXA CAPITA The St Paul GROUPAMA Insurances TOWERGATE STERLING ROYAL & SUNALLIANCE ZURICH HISCOX NORWICH UNION CUNNINGHAM LINDSAY ECCLESIASTICAL FORTIS Premium Credit The Underwriter Allianz Cornhill CNA

BIBA offers members a Schemes Collection and a Broker Business Portfolio. The Schemes collection consists of competitively priced insurance products that are high quality and easy to sell such as the unique payment protection insurance (PPI) scheme that is only offered by British Insurance to BIBA members. PPI provides consumers with a financial safety net against the risks of unemployment, sickness and accidents (ASU).The Broker Business Portfolio offers members special services such as training, IT Support, internet, marketing support and technical services etc. The following committees report to the board On the BIBA website, there is a search tool available that helps you find brokers across the UK. These brokers help you find the insurance policy that most closely matches your needs. They will make sure you find a good insurance policy with low premium payments.

The European Health Insurance Card

However, for all the limitations on travel insurance cover, where Edward's argument falls down in my eyes is on the question of medical cover. The Foreign Office travel advice pages are explicit in advising us not to travel without insurance, and the examples it uses to explain why are the potentially high cost of hospital treatment, and medical repatriation. It quotes £35-45,000 for air ambulance to return to the UK from the US east coast, £12-16,000 for an air ambulance from the Canary Islands, and £15-20,000 for a scheduled flight, stretcher and doctor escort from Australia. The chances of having to use these services are minuscule, but the costs are so substantial that they would be a significant issue for most of us and not one we would like to have to deal with in such circumstances.

Of course, the FCO wants us all to be properly insured – it makes life easier for them. But, on balance, while Edward's approach sounds temptingly refreshing, he is leaving himself open to some potentially very expensive risks. Yes it is always worth having insurance, in fact many holidays, e.g. cruise lines, demand proof of insurance before booking. It does not have to be expensive, although if you are 70+ or going for more than 30 days, take a deep breath! Some bank accounts carry automatic full travel insurance, i.e HSBC Premier, saving you the bother, but after a colleague had to extend his house mortgage to pay for repatriation after a skiing accident, I know what I would do, if I am spending hundreds/thousands of pounds for a holiday, a few more for insurance is nothing.

What he might consider when buying insurance, however, is buying a cheaper, more basic policy – one that covers medical treatment, cancellation costs and personal liability, for example – but not less crucial events, such as lost luggage or airport delays. Many insurers offer cheaper premiums for such policies and they are a good option for less risk-averse travellers such as Edward. European Health Insurance Card The European Health Insurance Card – details and applications at nhs.uk/ehic – confirms your right, as a citizen of a European Economic Area country (30 countries, including Switzerland, see website for details), to emergency medical treatment under the health system of another member country. That treatment may not be entirely free. In France, for example, you must pay to see a GP or a specialist, you may have to pay for any prescribed drugs and, while emergency treatment in hospital is normally free, ambulances are not. Also, in some countries you may be taken automatically to a private clinic for treatment. This would not be covered by the EHIC, nor would medical repatriation. Note that an EHIC must be renewed every five years.

Travel insurance: do I really need it?

One well-travelled reader regales us with tales of his cover-free adventures... but can we all afford to be so oblivious to risk? Regular readers of my column will know that complications, costs and pitfalls of insurance is a subject I regularly try to tackle. Often I get follow-up inquiries from readers as a result. But the last article, two weeks ago, drew a very unusual response. Travel insurance: do I really need it?

It came from a reader called Edward (he asked me not to mention his surname) and here, slightly edited, is what he said: "I am in my mid-sixties, and have been travelling regularly since my late teens. At present I live in China, and take about 60 to 70 flights a year, both inside the country and abroad – including to some dodgy places. I have never once paid for travel insurance. Obviously many of my journeys were made before I (or almost anybody) had a credit card, which made things a little bit harder (imagine having plenty of the wrong currency, and no banks open). And with no mobile phone. In spite of these problems, insurance has always seemed to me a waste of money. "Naturally I've had mishaps and dozens of cancelled flights. Among the worst incidences: 1968 – stuck in Amman in transit when a war broke out and all flights were cancelled. I treated it as an unexpected opportunity to visit the city. 1972 – Rome. All documents and money stolen. I was repatriated by the British Embassy, by train, using a temporary document (one sheet of paper) – I had to pay back the fare on arrival, and received nothing else, surviving until Dover on fellow passengers' snacks. 1974 – south-eastern Algeria. Imprisoned for a week (for staying in a hotel with a woman to whom I wasn't married). That was pretty bad, but I was eventually released after my girlfriend travelled to Algiers. 1978 – in Kabul when the Soviet army invaded. A bit hairy. 1979 – drove from Tehran to Italy, through the border at Trieste – alone in the car and without insurance on the car or myself (at the end of the revolution, so it wasn't really possible).

"I think that's enough to make the point. I've always put these incidents down to experience, and dined off some of them for years. Never once have I been tempted to pay for insurance. Indeed, it is my firm conviction that in the end I've lost far less cash than I would have paid for policies. Moreover, many people I know have been ripped off by insurance companies that refuse to pay or find ways of paying less than the customer expected. Do you sincerely believe that travel insurance would have been worth it for me in the past, or will be in the future?" That's all well and good, I responded by email, but what if, God forbid, he had a heart attack while in, say, California and was in intensive care and kept in hospital for several months? He could be facing a medical bill of hundreds of thousands of pounds. "It might be a good idea for me not to go the States again. But I probably will, and accept the risk," said Edward. He later emailed me back with a further reflection: "If you have a heart attack before you're 40, you're stuffed anyway; after 40 it's not worth going to California." Obviously Edward's approach is not for everyone. He is clearly a highly experienced traveller, he apparently enjoys taking risks, and phrases like "what if" don't play on his mind. But he did make me think again about the whole question of travelling without insurance. After all, very few of us would bother to insure ourselves if we were spending a couple of days in London, so why do we rush out and buy cover when we jump on to a train to Paris for a weekend break? We are just as likely to get mugged, or have things stolen, in London as Paris. As long as we have an EHIC (see below), we are entitled to emergency medical treatment in France. If our train is cancelled, we might have to pay for another night in a hotel; if we had to return early we might have to buy a new ticket – but such scenarios apply both to London and to Paris. For most people, too, in the very unlikely event that things do go wrong, the costs of having to get yourself home, or even of losing your holiday altogether because you are forced to cancel, might be painful and annoying, but they are not likely to be financially disastrous. And it is important to remember Edward's point that even if you have insurance, you can never be sure it will pay out when you need it. Very few cover money lost through financial failures and all policies are littered with exclusions and limits, including one that invariably excludes cover if you have consumed alcohol – not an unknown phenomenon among holidaymakers and travellers.

'Insurance Companies UK'

'Insurance Companies UK' Harold creates a task list everyday. He sets goals to contact a certain number of clients and insurance companies, sell a certain number of policies and solve a certain number of problems. The work can be depressing and frustrating.but ultimately satisfying. William Terrance, one of his clients calls. He is extremely agitated because his health insurance company is not paying for his wife’s cancer treatment, claiming that the woman had cancer before the policy was bought and this fact was concealed. Harold immediately calls up the health insurance company and explains to them that if payments are not made promptly, the Terrances will sue the company. Harold explained that since the Terrances have medical records that show that the cancer was detected well after the policy was bought, they qualify for the insurance payments.

Around midday Harold is headed for Mike Dunnan’s home. Mike is a client with a very complicated case. He knew he was HIV positive but he did not reveal this in the forms he filled out in order to get a health insurance policy because he did not want anyone to know about his illness.However, Mike could counter sue for breach of privacy and unauthorized access to his private medical information. He was afraid that word would leak out at his office and he would be fired under some pretext. He was afraid of the alienation suffered by HIV positive people. Unfortunately some higher up in the health insurance company gained unauthorized access to Mike’s files. The insurance company was now planning to sue Mike for concealing crucial information.

After meeting Mike, Harold is headed for Vachita Lane. After managing to sell two auto insurance policies and one home insurance policy, Harold is headed for South West Park. This turned out to be a very lucky day for him as, after two weeks of negotiations, the software house based in the area agreed to buy health insurance policies for all his employees. This is a middle class neighborhood with a relatively high crime rate.

He was finally heading for home and looked forward to the comfort of his Bermudas and flip flops. This meant that Harold would get enough bonuses and commissions to take his wife on a nice vacation to Greece. Harold could not stop smiling as he switched off his laptop and gathered his papers together at 5pm.

'A Day In The Life Of A UK Insurance Broker'

'A Day In The Life Of A UK Insurance Broker' Harold Bodego is a rather experienced health insurance, home insurance and auto insurance broker. On Monday morning, he knew it would be just another day of shuttling back and forth between the big insurance companies and his clients, if not physically than mentally and electronically. Harold looked forward to this because it gives him a great sense of satisfaction to get a good deal for middle and lower middle class families. He searches through a stack of policies for the policy that will be most suitable and beneficial for his client. And he also aims to get his clients a reliable policy with the lowest premium payments, so they do not need break the bank each month to make payments. 'Home And Auto Insurance UK' And a number of people who opt for home and auto insurance live in dangerous neighborhoods where gang warfare is becoming increasingly prevalent and the crime rate is high. But in such areas there are acts of arson, car thefts, burglaries, etc. Of course, people who live in safer areas opt for home and auto insurance too because none of these people will be able to bear the financial loss if their home is destroyed by a natural disaster or fire. of cause, it would be a significant financial blow for them if their car were stolen or damaged as well.

And Harold came from a middle class family too. He learnt about the benefits of insurance at an early age. When he was 11 years old, he lost his father in a car accident. The father was the sole earner of the family, and with 5 more children to support the only thing his mother could fall back on was Mr. Bodega’s life insurance policy. The money that the family got from the insurance company helped to pull them through the hard times and all the children were able to complete their education.

But Harold relates this personal incident several times because he wants middle class families to have a social safety net to rely on in case one of the income earners passes away. With the rising rates of obesity and heart disease, such tragedies are unfortunately becoming more likely. And as Harold gets into the elevator, he adjusts his tie and golden tie pin. Although Harold is a Bermuda shorts and flip flops kind of man, when he comes to work he dresses meticulously because he knows that the great impact his attire has on his clients. So, his well tailored and sober clothing gives an impression of organization, seriousness, hard work and reliability. Once Harold enters his office, he is sucked into a whirlpool of activity. The phones are ringing all around him and his young trainees run back and forth, receiving calls, scribbling down notes and contact information, skimming through folders, struggling through files and spilling coffee on the fairly new dark olive green carpet.

~Commercial Insurance Brokers~

~Commercial Insurance Brokers~ ~Commercial Insurance Brokers~ working for professional companies can provide you with very specialized and customized services as required by large companies and corporations. Commercial insurance brokers will shop around to find the most suitable insurance policies with low premium rates.

The insurance brokers will know of how different companies calculate and evaluate the credit score and set premium rates.

They will effectively identify risks and negotiate with various insurance companies to get you the best deals and discounts. Global risk management and insurance brokerages have a global distribution network which they use to place your insurance risk with the best possible insurance provider.
The broker will also be aware of the special discounts and exceptions offered by these companies. Brokers search through a large number of different insurance databases to find you the best price. As a result you get the best deal without having to spend hours searching for quotes; you receive quotes and advice and are not pressured to buy. Your agent will prepare reports, maintain records and in case you suffer a loss, help you settle your insurance claims. Some brokers also offer financial analysis or advice about how to minimize risk. 

A commercial broker is able to negotiate low-cost deals for extras like add-on legal cover or breakdown cover. As a result, you can add these to your policy for a fraction of the price. Commercial insurance brokers will tell you when you need to update your policy and provide you with prompt and personal service. Your broker will also guide you through any claims process to ensure that you are treated fairly by the insurance company. ~General Insurance Brokers~
Here are a few examples of the types of insurance that commercial insurance brokers can arrange for you :
~Liability Insurance ~: provides coverage in case someone sues you for causing them unintentional injury . Liability insurance will cover your attorney fees and pay the settlement amount when a verdict is reached.
General insurance is made up of two main groups: personal lines and commercial lines. Commercial lines insurance provides coverage for commercial autos, farms, commercial credit, aviation, marine/ocean/inland, workers’ compensation, public liability (which includes environmental pollution), surety, nuclear, surplus and excess lines insurance, title insurance, machinery and boiler insurance, glass insurance, commercial multiple line, product liability and professional liability.
Buying commercial lines insurance is a must since some of the major risks that businesses and corporations face include litigation, destruction of the premises and the death of employees (due to fire or natural disaster) and the loss of equipment or money. Professional Indemnity Insurance : provides coverage in case of negligence claims against professional practitioners such as lawyers, dentists, doctors, accountants and architects. Another form of professional indemnity insurance called errors and omissions insurance is most commonly purchased by non licensed professionals such as artists or graphic designers.
Directors and Officers Liability Insurance~ : protects companies, mostly corporations, for legal claims arising because of the negligence and errors made by this company’s directors and officers.
Crop Insurance ~: provides coverage for crop loss or damage caused by frost damage, insects, disease, bad weather, hail or drought.
Crime Insurance ~: provides coverage in case you suffer losses due to theft or embezzlement committed by a third party.
Aviation Insurance ~: protects against risks associated with hull, hull war, liability, spares and deductibles.
Terrorism Insurance ~: provides for losses arising as a result of terrorist activities.

Workers' Compensation Insurance : helps workers when they suffer from a job related injury by paying all or part of the wages they lose and the medical expenses they incur.
Boiler Insurance : provides coverage to factories and construction in case of accidental physical damage to equipment or machinery
Builder's Risk Insurance : provides coverage in case of physical loss or damage to property during construction.
Political Risk Insurance ~: provides coverage to businesses that suffer a loss because of the political conditions of the country in which they are operating.
Environmental Liability Insurance~ : protects industries and companies in case of leakage or release of pollutants which results in property damage, injury and clean up costs.
Title Insurance~ : ensures that the person who bought the property or is paying the mortgage will retain the title to the property, free of any encumbrances such as liens.
Risk Management And Insurance Brokerage

When you have a business you face many risks and you need to protect yourself by identifying those risks and figuring out what insurance policies will protect you from possible losses. Risk management involves measuring risk and developing strategies to deal with the risk.

You can manage risk by transferring it to another party (e.g. by buying an insurance policy you transfer the risk to the insurance company), reducing the negative impact of the risk or taking steps to avoid the risk.

UK Insurance & Consumer Protection 'ACT'

UK Insurance & Consumer Protection 'ACT'

In the UK, the Consumer Protection Act 1987 and the EC Directive on Product Liability require that manufacturers or suppliers of goods carry some form of product liability insurance that is usually part of a combined liability policy. In public liability insurance, premiums depend on the type of business, turnover and number of employees. It is a good idea to compare the quotes given by your broker with the quotes being offered by other brokers. When you apply for an insurance policy, you fill out a proposal form which is your offer to the insurance company where you state the premium amount you are willing to pay.

Sometimes, they will agree to accept your offer if you make certain changes to the terms you have proposed. In this case, get advice from several brokers about whether the amount the insurance company has quoted is reasonable or not. Get advice from more than one broker about this that you do not offer to pay more than is necessary. The insurance company will either accept or reject your offer. Obviously, you should apply to several well reputed, reliable and licensed insurance companies to be able to choose the best possible quote. In an indemnity contract, the insurance company will pay you no more than the actual loss suffered. This will ensure that you remain in the same financial position that you were in immediately prior to the accident which led to the insurance claim. Most personal accident insurance contracts and all life insurance contracts are non-indemnity contracts. You need to watch out for under-insurance and excess clauses issues in your contract. Do not under insure your property in order to pay lower premiums. This is not a wise decision because if you under-insure a car worth 20,000 at 10,000, if there is partial damage to your car your insurer will pay only a percentage of the 10,000, which means you will have to bear the remaining amount of loss yourself.

Commercial insurance brokers deal with commercial fleet, product liability, public liability and employer’s liability (workers compensation), among other things. An example of a major UK commercial insurance broker is Marsh & McLennan Companies.

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'Types of Risk' & Risk Retention

Types of Risk Litigation - customers suing the company for some act of negligence which caused harm to the customer or the company can be sued for fraud. Destruction of the premises and the death of employees - loss due to fire, natural disaster, the loss of equipment or money due to thefts.

Intangible risks - such as relationship risk (e.g. you risk losing employees or clients because you have failed to collaborate effectively with them), process-engagement risk (occurs when operations being carried out at your company are not effective) and knowledge risk (caused by lack of knowledge or actions being taken based on incorrect and faulty information). Of cause, once you have identified the risks, you will have to do source and problem analysis to figure out who or what is the source of risk. Sources can include employees being injured on the premises, employees suing you for unfair treatment or employees going on strike to demand higher pays or people who have shares in a company backing out at a crucial time. But problem analysis involves identifying problems such as the risk of litigation and deciding how you should prepare yourself to deal with and avoid such problems. Once you have analyzed the sources and problems, you need to work on reducing the degree of risk. Next, you have to decide whether you want to opt for risk retention or risk transfer (i.e. do you want to manage any losses that occur or do you want to transfer your losses to another party such as insurance company). Risk Retention

Risk retention is a form of self insurance which you should only opt for when the probability of a risk materializing is very low and the premiums for protection are too high. For example, if there has never been a terrorist attack in your area, it makes no sense to buy expensive terrorism insurance. When the probability of a risk occurring is high, you should opt for risk transfer (i.e. insurance) to protect yourself. Risk Management in the UK

Risk management services include risk identification and assessment, claims and loss cost management, safety engineering and program administration. Risk management solutions include professional liability, directors' and officers' liability, workers' compensation, general liability and property. Some risk management and insurance brokerage companies such as Aon Corporation provide affinity products for life, disability income, personal lines for associations, individuals and businesses as well as affinity products for professional liability. Getting Help

But risk management and insurance brokerage companies do all the work for you. They identify risks, advise you on how to reduce risks and suggest which insurance policies would really suit your needs and protect you from loss. They shop around and find the most suitable insurance policy with the lowest premium rate. In addition, they negotiate with the various insurance companies and ensure that you get the best deals and discounts. Global risk management and insurance brokerages have a global distribution network which many

they use to place your insurance risk with the best possible insurance provider.

Many of these risk management and insurance brokerage firms also advise companies on issues such as employee compensation, benefits, management consulting, communications and human resource outsourcing. If the only company provides underwriting services, they can offer you credit life insurance, extended warranty products, select property and casualty insurance products and supplemental life, accident and health insurance.

Car Insurance News

Most motorbikes covered - including supersport and touring bikes

New EU rules on car insurance explained It could be worth shopping around to find the cheapest car insurance policy available The European Court of Justice announced plans last year to scrap gender as a contributing factor towards car insurance. This will affect nearly all drivers as it could push up the cost of car insurance even further. It is felt by many that the decision that gender should not be used to calculate risk could also cross over into other insurance policies in time. The EU has decided that it was discriminatory to use gender as a deciphering factor in determining car insurance prices.

Women, who typically are seen as lower risk drivers compared to men, may now see their policies bumped up to match that of men. Insurers are unlikely to reduce the rates of men to match women and, therefore, young female drivers in particular may feel the impact of the EU ruling worse than any other group. In contrast, men might see their car insurance premiums reduced slightly. This means that anyone who has purchased car insurance since the end of December 2011 will be affected by the ruling on their next renewal. The ruling will be enforced on 21st December 2012 and until then gender is still to be used as a contributing factor. Losers and Winners The Association of British Insurers suggests that the gender ban will increase premiums for women by up to 20%. Men, however, could see their premiums reduced by up to 10%. The current system operates on the risk assessment of the driver. Statistically, female drivers are at a lower risk compared to men. The British Insurance Brokers’ Association have suggested that the average 18 year old male will claim £4,400 on their car insurance. This is in comparison to the average 18 year old female claim of £2,700 The AA British Insurance Premium Index shows that insurance has increased by 15% in the last three months of 2012. Young drivers experienced the highest average increase.

It could be worth shopping around to find the cheapest car insurance policy available before the ban comes into force at the end of the year.

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Auto insurance is mandatory in the commonwealth

Auto insurance is mandatory in the commonwealth Drivers must purchase and maintain car insurance in order to legally drive in Pennsylvania . Under Pennsylvania law, this is called maintaining “financial responsibility” on your vehicles. A lapse in insurance coverage may result in the suspension of your vehicle registration privilege for three months, unless the lapse of insurance was for a period of less than 31 days and the owner or registrant proves to the Department of Transportation (PennDOT) that the vehicle was not operated during this short lapse in coverage.

If you are stopped for a moving violation and it is determined that you are operating your vehicle without insurance, you could face the following penalties and expenses: A minimum of $300 fine for driving uninsured A three-month suspension of your vehicle registration A three-month suspension of your driver’s license Restoration fees to restore your vehicle registration Restoration fees to restore your driver’s license Vehicle impoundment Pennsylvania ’s required coverages When you purchase private passenger automobile insurance, there are certain coverages that are required and others that are optional. The required coverages are: Medical Benefits — This pays medical bills for you and others who are covered by your policy, regardless of fault. The minimum limit is $5,000 of coverage. Higher limits are available if you so choose. Bodily Injury Liability — If you injure someone in a car accident, this coverage pays their medical and rehabilitation expenses and any damages for which you are found liable. The minimum limit is $15,000/$30,000. The $15,000 pays for injuries to one person, while the $30,000 represents the total available for one accident. Property Damage Liability — If you damage someone’s property in an accident and you are at fault, this coverage pays for it. The minimum limit is $5,000 of coverage.

Limited or Full Tort — You can choose to have full or limited tort coverage. Limited tort coverage offers you a savings on your premiums. You are still able to recover all out-of-pocket medical and other expenses; however, you are not able to recover certain damages - such as payments for pain and suffering - unless the injuries meet one of the exceptions to limited tort as defined in Act 6 of 1990, title 75, section 1705 (d). With full tort coverage selection, you retain unrestricted rights to bring suit against the negligent party.

Pennsylvania ’s optional coverages In addition, private passenger automobile insurance policies offer a variety of additional optional coverages that can be purchased. These include: Underinsured Motorist (UIM) — This coverage applies to you, your family and your passengers for bodily injury if you are hit by an at-fault motorist who does not have enough insurance to cover your claim. This does not cover damage to property. Uninsured Motorist (UM) — This coverage applies to you, your family and your passengers for bodily injury if you are hit by an at-fault uninsured motorist. This does not cover damage to property. Stacking of UM or UIM — This coverage allows you to either multiply the amount of uninsured or underinsured motorist coverage by the number of vehicles on your policy or to receive uninsured or underinsured motorist coverage from more than one policy under which you are insured. It costs extra to stack uninsured or underinsured motorist coverage. Funeral Benefit — This coverage pays, up to a certain dollar amount, money for funeral expenses if you or a family member dies as a result of an auto accident. Income Loss — This coverage pays a portion of your lost wages when injuries sustained in an auto accident keep you from working. Collision — This benefit pays to repair damage to your car as a result of an accident. Most banks or lenders require you to buy this coverage to receive a car loan. Under Pennsylvania law, the insurance company applies a $500 deductible unless you request a lower amount. Generally speaking, the higher your deductible, the lower your premium. Comprehensive — Generally, this pays for theft or damage to your car from hazards including fire, flood, vandalism or striking an animal. Most banks or lenders require you to buy this coverage to receive a car loan. There are various levels of deductible that may be purchased. Extraordinary Medical Benefits — This coverage pays for medical and rehabilitation expenses that exceed $100,000. It provides a maximum of $1 million of coverage. Accidental death benefit — This is a benefit paid to the personal representative of an insured if the bodily injury from a motor vehicle accident results in death within 24 months of the date of the accident. Rental reimbursement coverage — This pays for an individual’s expenses, up to the limit on their policy, to rent a vehicle if they have a covered comprehensive or collision loss. Towing coverage — This reimburses an individual, up to the limit on their policy, for towing and labor costs for a covered disabled vehicle. This coverage is usually only available if comprehensive and collision is carried on the vehicle. Gap coverage — This pays the difference between an insurance company’s payment for a totaled vehicle and the balance of a vehicle loan. This coverage is traditionally only available when an individual is purchasing a new vehicle.

How rates are determined When you are ready to purchase insurance, the insurance company or producer (agent) will ask you a series of questions and, based on your answers, will decide whether or not they will accept you as a policyholder. This practice is known as underwriting. By law, insurance companies may not unfairly discriminate by using underwriting standards based on things such as race, religion, nationality or ethnic group, age, family size, occupation, place of residence or marital status. Based on your answers and your circumstance, the appropriate rate to charge you for your premium will be determined. When you’re ready to apply You need to know what coverages you want, what limits of liability you require and what deductibles you desire. Also, you need to have the following basic information available on all drivers in your household: All drivers’ names, ages, sex and marital status Driving record (accidents and moving violations) Annual mileage driven Full vehicle identification number Year of vehicle Cost of vehicle Special equipment, such as anti-theft devices, airbags, etc.

Direct Line Car Insurance

Direct Line Car Insurance Direct Line, now a multi product insurer was started in 1985 with a single product offering – car insurance. Today Direct Line is one of the most well known insurers in the UK with over five million customers. Direct Line prides themselves on their competitive pricing and outstanding customer service. If you wish to speak to Direct Line about a new or existing UK car insurance policy you can expect a quick response from a UK based call centre.

The Benefits of a Direct Line Motor Insurance Policy Direct Line vandalism cover Direct Lines vandalism cover, included with all comprehensive car insurance policies preserves your no claims discount in the event that a claim needs to be made for vandalism. Named Driver No Claims Discount Named Drivers on a Direct Line motor insurance policy receive their own no claims discount for when they take out their own policy with Direct Line. Direct Line car insurance policies also offer: • No excess and protection of your no claims bonus if you are hit by an uninsured driver • Up to 70% No Claims Discount Option benefits for Direct Line car insurance policies in the UK include guaranteed car hire in the event your vehicle is damaged in an accident and legal protection cover. Direct Line is a popular and competitive insurer and enjoy a strong position in UK car insurance market. LV= Car Insurance lv content Liverpool Victoria LV car insuranceLV are the UK’s largest friendly society, established in 1843 as Liverpool Victoria. They have built an enviable reputation for the quality of their car insurance products. Independent financial services research body, Defaqto, have awarded LV= Car Insurance five stars for the fifth year in a row. LV= currently have a strong foothold in the UK market for cheap car insurance.

‘Seriously good car insurance’ is the Elephant strapline, and they do include some useful benefits as standard across all policies. For example, 90 days European cover is standard with both third party and comprehensive Elephant motor insurance, whilst flexible payment options are also available to help manage the cost of your car insurance policy. Elephant Car Insurance elephant content Elephant Car InsuranceElephant.co.uk is one of the best known names in car insurance. Having started life in 2000, they offer motor insurance quotes online, usually at highly competitive rates. They are certainly a popular choice, having insured over 350,000 drivers, and claim to offer both great value, and strong customer service. Car Insurance Review

What would you expect to be included with a Temporary Car Insurance policy?

What would you expect to be included with a Temporary Car Insurance policy? What’s included with a temporary car insurance policy will depend on the insurer providing the cover, and so you should always check that you understand the policy terms before purchasing cover. Generally speaking, most temporary policies include the following:

• Comprehensive cover for damage to the vehicle in question including loss from fire, theft or vandalism • Cover for liability to 3rd parties including injury and damage to property • Compulsory EU cover Other policies may also include the features above but offer additional benefits such as: • Uninsured loss recovery • Temporary breakdown cover

It’s important to note that not everyone will be eligible for temporary car insurance. The majority of temporary policies are available only to drivers aged 21 or over, and in many cases you must be at least 25 to qualify. You should also remember that you cannot use a temporary policy to build up a no claims bonus.

Get temporary motor insurance from 1 – 28 days

Get temporary motor insurance from 1 – 28 days When would you use Temporary Car Insurance? Temporary car insurance was originally designed for businesses involved in the motor trade but has since been made available to the general public. It has become more and more popular in recent years as a convenient way of getting insured on someone else’s car for a brief period, such as a long journey where you want to share the driving with a friend.

Temporary motor insurance policies are usually available for periods of between 1 and 28 days and can be used to insure a car, van or motorbike. Most providers offer online quotes, enabling you to avoid lengthy conversations with call centres, and your certificate of insurance can often be emailed to you instantly.

There are a number of situations where temporary car insurance may be useful, including: • Times when you wish to use a friend or relative’s vehicle • Times when a friend or relative needs to borrow your car, and you don’t want to risk your no-claims bonus • Driving home a newly purchased car before an annual policy is decided on • Test driving a vehicle • When using a courtesy car whilst your own car is in for repair • Where you require an insurance cover note to tax your vehicle • When you are selling a vehicle and need to ensure that it remains insured until sold • In an emergency where you must drive someone else’s vehicle

10 major car insurance comparison

Quotes will generally be displayed from the cheapest to most expensive – there may be some companies who cannot quote for your particular circumstances. No quote will be returned in this instance. If you are happy with one of the quotes provided you will be able to click a link which will take you to the insurer’s website where you can complete your application. Comparing Car Insurance Comparison Sites There are now more than 10 major car insurance comparison sites operating in the UK, each with a slightly different panel of insurers. While it may not be worth comparing quotes from all 10. While car insurance comparison sites provide real time car insurance quotes this does not necessarily mean that quotes from one comparison site will be the same as quotes from another, nor does it mean that the cheapest quote is the best policy.

You should also compare the details of the policy quotes. While it may be from the same insurer the cover could be very different from one quote to the next. Important things you should remember to check are: The excess – having a higher excess will reduce the value of the policy The extras – windscreen cover, courtesy cars and vandalism cover are just a few extras that can be removed to reduce the cost of the policy It is also important to remember that you are still under a duty of full disclosure of any facts that should reasonably be disclosed to the insurer, even if you use a car insurance comparison site which doesn’t ask you about the particular fact in question. Not doing so could void you insurance policy.

Temporary car insurance is designed to cover you when you need to drive another car for a short period of time. It can be a far better alternative than taking out an annual policy, or going through the hassle of being added to someone else’s policy for a short period. You can normally arrange cover online within a matter of minutes. If for any reason you need to drive a car which is not your own, don’t risk driving without temporary insurance cover. By the same token, if someone else needs to use your car, you might not want to risk your no-claims bonus by adding someone else to your annual policy.

A Guide To Life Insurance Brokers Across

A Guide To Life Insurance Brokers Across The UK (UK Life Insurance Brokers Guide)

BIBA (British Insurance Brokers Association) is the UK’s leading independent Insurance body and it represents the insurance broker, intermediaries and the consumer. BIBA brokers advise you on choosing an insurance policy that matches your particular needs.

Insurance brokers such as Moneywise also help you get the best life insurance quotes. You simply need to fill in a form on their website where you supply details such as how much coverage you require and whether it is only for you or your spouse as well. In 2005, the winners were : Scottish Life for Pensions Friends Provident for Pensions GE Life for Pensions Standard Life Healthcare for Protection Friends Provident for Protection

Every year, a company called Incisive Media reviews all the financial product providers in the UK. It then bestows the Gold Standard Award on the companies that show the greatest ‘capability, financial strength, trust and fair value’. The Gold The Gold Standard Award Website explains that “When a company has won a Gold Standard Award, you can be rest-assured that it offers a high level of service, is financially sound, offers fair value for its products, and commands trust. In a nutshell, the Gold Standard Awards are service with a big plus.” In 2006, the following life insurance companies won the Gold Standards Award :

Friends Provident GE Life Scottish Widows Standard Life Healthcare In 2004, the winners were : GE Life for Pensions Scottish Life for Pensions Friends Provident for Pensions Scottish Provident for Protection Standard Life Healthcare for Protection The following companies were highly recommended : James Hay Administration for Pensions Abbey National Wrap Managers for Pensions In 2003, the winners were: Scottish Life for Pensions Friends Provident for Pensions GE Life for Pensions Standard Life Healthcare for Protection Friends Provident for Protection

Some other life insurance companies are : AA Asda Direct Line Egg Halifax Norwich Union Direct Prudential Sainsbury’s Bank Standard Life Tesco Nationw1ide Life Insurance Legal And General Life Insurance More Than Life Insurance

Marsh Legal

Marsh Legal

Like many large insurance companies and brokerage firms, Marsh has had its share of litigation and scandals. This amount will be paid over a four-year period and will be used to compensate approximately 100,000 corporations and smaller businesses whose commercial insurance was arranged by Marsh from 2001 and 2004. Marsh is paying $850 million to settle a lawsuit that accuses it of cheating customers by steering business to insurers in exchange for incentive payments and rigging prices.

The lawsuit was brought by the New York attorney general (Eliot Spitzer) stated that “Marsh received kickbacks from insurance companies that increased the cost of coverage for its customers and did not serve as an unbiased broker”.

Eliot has negotiated billions of dollars in restitution and penalties from mutual funds and banks for fraudulent activity.

Citigroup’s analysts were accused of providing misleading advice on stocks. The chief executive of Marsh said “we don’t believe that our corporate entity has ever been involved in a pattern of covering up or a pattern of criminal behavior” and apologized for the “shameful” and “unlawful” behavior of “a few people” at the company.

After the charges were filed in October 2004, Marsh stopped taking incentive payments from insurers and its chief executive, Jeffrey W. Greenberg, was forced to resign. The company agreed to “make fundamental changes in the way it does business” and it is believed that as a result of this lawsuit, Marsh is no longer involved in any illegal practices. A Review Of British Insurance Brokers Association (British Insurance Brokers Association Review)

BIBA is a broker organization that represents the interests of insurance customers, brokers and intermediaries. Many leading companies in the insurance industry are members of BIBA.

The British Insurance Brokers Association (BIBA) is the leading general insurance organization in the UK. Рlease write comment on my blog!

A Review Of A Marsh Insurance Broker (Marsh Insurance Broker Review)

A Review Of A Marsh Insurance Broker (Marsh Insurance Broker Review) History Marsh & McLennan Companies (MMC) was founded in 1871. Marsh is now one of the world's leading insurance brokers and risk management advisors. In 1923, Marsh got into the reinsurance broking industry when it acquired Guy Carpenter & Company.

In 1959, MMC acquired the Canadian benefits consultation company William M. Mercer Limited. This acquisition allowed Marsh to enter the human resource consulting industry. The company is now known as Mercer Human Resource Consulting and it is a global leader in the field of HR and related financial products, advice and services. In 1970, Marsh bought Putnam Investments and entered the field of investment management (the mutual funds industry). In the 1980’s, MMC expanded into specialty consulting and included strategy and operations consulting (Mercer Management Consulting), organizational change consulting (Mercer Delta), economic consulting (NERA), design and brand strategy consulting (Lippincott Mercer), and financial services strategy and risk management co

nsulting (Mercer Oliver Wyman).

In 2004, MMC bought Kroll, a company that provides a large number of investigative, financial, security, intelligence and technology services. This gave a boost to MMC’s risk consulting services. In 2004, Marsh won the Asian Insurance Broker of the Year Award as well as the Broker of the Year Awards in Australia and New Zealand for consistently high consumer service standards, innovation, professionalism, responsiveness to customer needs and exceptionally good financial performance. MMC has annual revenues of approximately $12 billion and has 55,000 colleagues in more than 100 countries that help sell MMC products to clients and advise them about how to deal with critical business risks and issues. A Marsh insurance broker will be employed by the following companies and will work in one of the following areas : Risk Consulting and Technology - Using Kroll’s expertise, Marsh provides a variety of a large number of investigative, financial, security, intelligence and technology services. Kroll serves law firms, corporations, nonprofits, government agencies, financial institutions and individuals all over the world. Mercer Specialty Consulting - Mercer Management Consulting helps enterprises create and manage strong businesses that ensure “shareholder value growth”. Mercer Management Consulting includes Mercer Oliver Wyman (a leader in financial services and risk management consulting), Mercer Delta Organizational Consulting works (which works with boards of directors, executives and CEOs to help organize institutions and bring about positive changes), NERA Economic Consulting (which provides information and guides law firms, corporations, courts and government entities about regulation and finance) and Lippincott Mercer (which helps clients create and manage brands and their corporate identity).

Risk and Insurance Services - This includes global risk management, financial solutions, risk consulting, insurance program management services for associations, businesses, public entities, professional services organizations, and private clients and insurance broking. These services are provided by Guy Carpenter subsidiaries on a fee basis. Human Resource Consulting - Mercer Human Resource Consulting is a global leader in the field of HR and related financial products, advice and services. Mercer HR includes units such as Mercer Investment Consulting and Mercer Global Investments, Mercer Health & Benefits and Mercer HR Services. Mercer Health & Benefits helps clients create and implement employee health care and insured group benefit programs. Mercer Investment Consulting and Mercer Global Investments helps investors as well as retirement plan participants and sponsors achieve long-term returns without too much risk. Mercer HR Services provides a variety of outsourcing services related to HR. Investment Management - Through Putnam Investments, Marsh offers a full range of equity and fixed income products to individual and institutional investors that are invested globally and domestically. “At the end of January 2007, Putnam had $191 billion in assets under management. Mutual fund assets were $123 billion and institutional assets were $68 billion”.

Insurance Companies UK

Insurance Companies UK Harold creates a task list everyday. He sets goals to contact a certain number of clients and insurance companies, sell a certain number of policies and solve a certain number of problems. The work can be depressing and frustrating but ultimately satisfying. William Terrance, one of his clients calls. He is extremely agitated because his health insurance company is not paying for his wife’s cancer treatment, claiming that the woman had cancer before the policy was bought and this fact was concealed. Harold explained that since the Terrances have medical records that show that the cancer was detected well after the policy was bought, they qualify for the insurance payments. Harold immediately calls up the health insurance company and explains to them that if payments are not made promptly, the Terrances will sue the company.

Around midday Harold is headed for Mike Dunnan’s home. Mike is a client with a very complicated case. He knew he was HIV positive but he did not reveal this in the forms he filled out in order to get a health insurance policy because he did not want anyone to know about his illness. He was afraid that word would leak out at his office and he would be fired under some pretext. \

He was afraid of the alienation suffered by HIV positive people. Unfortunately some higher up in the health insurance company gained unauthorized access to Mike’s files. The insurance company was now planning to sue Mike for concealing crucial information. However, Mike could counter sue for breach of privacy and unauthorized access to his private medical information.

This is a middle class neighborhood with a relatively high crime rate. After managing to sell two auto insurance policies and one home insurance policy, Harold is headed for South West Park. This turned out to be a very lucky day for him as, after two weeks of negotiations, the software house based in the area agreed to buy health insurance policies for all his employees. This meant that Harold would get enough bonuses and commissions to take his wife on a nice vacation to Greece. Harold could not stop smiling as he switched off his laptop and gathered his papers together at 5pm. He was finally heading for home and looked forward to the comfort of his Bermudas and flip flops.

A Day In The Life Of A UK Insurance Broker (A Day In The Life of A UK Insurance Broker)

A Day In The Life Of A UK Insurance Broker (A Day In The Life of A UK Insurance Broker) Harold Bodego is a rather experienced health insurance, home insurance and auto insurance broker. On Monday morning, he knew it would be just another day of shuttling back and forth between the big insurance companies and his clients, if not physically than mentally and electronically. But Harold looked forward to this because it gives him a great sense of satisfaction to get a good deal for middle and lower middle class families. He searches through a stack of policies for the policy that will be most suitable and beneficial for his client. He also aims to get his clients a reliable policy with the lowest premium payments, so they do not need break the bank each month to make payments. Home and Auto Insurance UK Harold came from a middle class family too.

He learnt about the benefits of insurance at an early age. When he was 11 years old, he lost his father in a car accident. The father was the sole earner of the family, and with 5 more children to support the only thing his mother could fall back on was Mr. Bodega’s life insurance policy. The money that the family got from the insurance company helped to pull them through the hard times and all the children were able to complete their education. A number of people who opt for home and auto insurance live in dangerous neighborhoods where gang warfare is becoming increasingly prevalent and the crime rate is high. In such areas there are acts of arson, car thefts, burglaries, etc. Of course, people who live in safer areas opt for home and auto insurance too because none of these people will be able to bear the financial loss if their home is destroyed by a natural disaster or fire. It would be a significant financial blow for them if their car were stolen or damaged as well.

Harold relates this personal incident several times because he wants middle class families to have a social safety net to rely on in case one of the income earners passes away. With the rising rates of obesity and heart disease, such tragedies are unfortunately becoming more likely. As Harold gets into the elevator, he adjusts his tie and golden tie pin. Although Harold is a Bermuda shorts and flip flops kind of man, when he comes to work he dresses meticulously because he knows that the great impact his attire has on his clients. His well tailored and sober clothing gives an impression of organization, seriousness, hard work and reliability. Once Harold enters his office, he is sucked into a whirlpool of activity. The phones are ringing all around him and his young trainees run back and forth, receiving calls, scribbling down notes and contact information, skimming through folders, struggling through files and spilling coffee on the fairly new dark olive green carpet.

Features of A Travel Insurance

Features of A Travel Insurance If you are planning overseas travel, you will certainly require the protection of A travel insurance. The single trip travel insurance policy of A gives you cover for holiday, winter sports, backpackers and business. You get a medical cover of around ?10,000,000 with single trip travel insurance policy of A. In addition, you also get a cancellation cover of up to ?3,000. In terms of personal liability, you get coverage of up to ?2,000,000 while for personal baggage it is in the range of ?2,000. A provides you cover for trips from one day right up to one year. Your age must be less than 84 at the time of policy buying. Annual multi trip travel insurance policy

Annual multi trip travel insurance policy of A is ideally suited for those individuals that want to escape from the vagaries of the United Kingdom climate. The most important thing about this policy is that it contains an unlimited number of trips with a maximum any one trip duration up to two months. If your age is more than 65, duration reduces to one month. To avail annual multi trip insurance policy of Atlas, your age should be less than 74 year. Business travel insurance policy. A provides you immediate cover whether you contact them by e-mail or telephone. However, for this to happen you must buy your insurance before leaving the UK. In some cases, they can also let you know which travel insurance policy is ideally suited for your financial condition.

The customer service of A is top class. Therefore, if you have any questions regarding the insurance coverage you are going to get, contact them. Business travel insurance policy of A is tailor made for individuals who are running their own business. In business, it is quite important that you are ready to face any situation. For example, if you need to do a presentation in front of the client in Cape Town but you also have to handle another meeting in London as well. In that scenario, you are left with two options. First, either to make an excuse, which can have a negative impact on your business or send your senior colleague that has an ability to give solid presentation.

Event Liability Insurance: Frequently Asked Questions

Event Liability Insurance: Frequently Asked Questions


Find below some of the frequently asked questions related to event liability insurance.

What is a event liability insurance policy ?

Event liability insurance policy is designed to protect you from certain kinds of claims that occurs from accidents taking place during the event. For example, when your guests get injured because of wet floor, you are liable to pay him some money. In general, event liability insurance policy offers coverage in the range of to $250,000 for third-party property damage at the event site for which you are liable.
How to buy a event liability insurance policy ?

To buy event liability insurance policy first you need to select an insurance company. Once you manage to do that, next you have to fill the application form. Often, you have to attach documents like your passport and salary slip with the application form. When insurance company find that the details you have provided is correct, you will receive an agreement paper from the insurance company, which will include the terms and conditions of the insurance policy. If you are happy with the terms and conditions of insurance policy just sign the paper.

The policy premium of event liability insurance is a one-time only payment.
My venue needs me to show proof of liability insurance. Is event liability insurance policy ideally suited for this ?
Is the policy premium of event liability insurance payable monthly or as a one-time fee ?

The answer of this question is yes. Event liability insurance policy allows you to name your venue as additional insureds. Remember that you do not need to pay any extra money for this. If you want, separate insurance certificate depicting the additional insured it can be issued by your insurance company. It is quite pivotal, however, to make sure that the per-occurrence and aggregate limits needed by your venue is in line with your event liability insurance policy.
Does event liability insurance policy provide coverage for alcohol-related accidents ?

Yes, event liability insurance policy does provide coverage for alcohol-related accidents. For example, if accident occurs because of intoxicated guest, you will get coverage on the basis of your insurance policy terms and conditions.

Different kinds of liability insurance

Engineer liability insurance

There are plenty of channels with the help of which an engineer can buy engineer liability insurance. There are loads of individual insurance providers operating in the market that exclusively deals with engineer liability insurance. Brokerage firms and agents also provide you with engineer liability insurance. To get best coverage with the lowest premiums, you need to compare quotes from at least ten or fifteen insurance companies.
Different kinds of liability insurance

There are three main kinds of liability insurance, namely, engineer liability insurance, medical liability insurance and architect liability insurance.

Medical liability insurance

The best part about independent agents is that they play a prominent part in assisting medical practitioners in choosing the right kind of policy.
Due to increasing number of lawsuits against medical practitioners, there is not much of a surprise that not too many insurance companies at present offer medical liability insurance. Still, there are few insurance companies operating in the market that provide medical liability insurance, either through independent agents or through their exclusive brokers. Independent agents are those kinds of agents that can sell policies from different companies.
Architect liability insurance

Architects are in great demand these days because homeowner of today wants new design that can give their home a completely different look. Being a highly skilled profession, projects in this industry varies in terms of scope and size. One day, you need to work on small office buildings while on the other day you need to design a big sports stadium. Any error on your part and you may have to pay heavy liabilities. If you want to get rid of such situation then architect liability insurance is an absolute must. Architect liability insurance protects professional architects in case of any legal dispute. You will face no problem in finding the architect liability insurance with low premiums as there are number of insurance and brokerage firms operating in the market that deals with architect liability insurance. Internet can help you immensely in finding the right kind of insurance company for architect liability insurance. Before signing agreement of architect liability insurance, it is quite important that you read the terms and conditions carefully.

What is Public Liability Insurance ?

Why do you need public liability insurance ?

When you are running a business, it is quite tough to get rid of all the risks. According to law, if you cause damage to public property then you have to pay the claim amount. By taking out public liability insurance you can protect your business against going bankrupt. It’s the job of insurance company to pay the claim as well as legal expenses. When you know your business is in safe hand, you will be able to concentrate much better on your business. In other words, public liability insurance gives you peace of mind.

Working with public liability insurance broker

What is Public Liability Insurance ?


Talking about public liability insurance, it covers you for any damages that a public may be awarded due to injury or damage to the property caused by your business. Another good thing about public liability insurance is that it also covers legal expenses.

When you take the services of public liability insurance broker you can get public liability insurance at affordable rates. Public liability insurance broker takes this decision on the basis of your financial condition and the kind of coverage you are looking for. To avail all the benefits of public liability insurance, it is quite important that you choose insurance policy which matches your business requirement. Before buying public liability insurance policy make sure that you shop around in the market.Even better, you do not need to find insurance companies, as public liability insurance broker normally works with top-notch insurance companies so they will tell you immediately which insurance company is ideally suited for you.

When you do this, not only you will get a best deal in terms of rates but also you will get to know what kind of coverage you can get for your business. This is very important because there is no point going for an insurance policy that is only going to give you short-term coverage. If possible, choose insurance policy that is going to offer you comprehensive coverage. By reading the terms and conditions of your insurance policy carefully, you will get to know what coverage insurance company is going to provide you during the policy term.

What is Employers liability insurance ?

What is Employers liability insurance ?

Employers liability is designed in such a way that it provide cover for your employees in case of any emergency. Point to be noted here is that employers liability does not cover you against the risk of being sued for claims like. Employers liability is basically a legal liability to pay damages consequent upon disease or bodily injury sustained by any employee during the job period.

Employers liability insurance is a mandatory insurance policy for all business owners that are taking the services of an employee. For example, if you are the chief operating officer of a private limited company then you will need employers liability insurance by law.

Employers liability cover includes trainees, temporary workers and sub-contractors. If you are running a limited company, employers liability cover is essential. In case if you are a sole director with no staff then there is no need of any cover. In terms of limit of indemnity for employers liability, the minimum level required is $5 million. However, for more peace of mind you should opt for a policy that covers more than $10 million.

You always have a choice of increasing the limit of indemnity for employers liability.

To get a best possible employers liability insurance deal, you need to shop around in the market. Insurance companies normally give discount of around ten per cent when you have more than 50 employees. When you take quotes from multiple insurance companies you will get to know what the prevalent market rates is. This in turn will ensure that you will face no problem in terms of rates. You can also get employers liability insurance policy through online insurance companies. The best part about online insurance companies is that the application procedure is quite straightforward here. Read the contract paper carefully before submitting it to the insurance company.
You just need to give the details of employees and in a matter of few days, you will get the contract paper of employers liability insurance.