Business Insurance

Marine Insurance

Sat, 06 Sep 2008 09:20:03 GMT

Marine Insurance as the name suggests covers the loss or damage of ships, cargo and any transport or property by which freight is transferred, acquired or held among the points of source and final destination. Marine insurance is the oldest kind of insurance which is the source of non- marine insurance and reinsurance. At present it is commonly combined with Aviation and (Transit) cargo risks, commonly called as MAT (Marine Aviation Transit). The Marine insurance act includes a standard guideline in which parties are at freedom to use if they wished as each term in the insurance policy has been experienced through at least two centuries of judicial precedent.

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Why You Should Have an Open Cargo Insurance Policy

Sat, 06 Sep 2008 08:40:02 GMT

There are five (5) insurance options for shippers to insure their cargo shipments. Deciding which option is the right one for a shipper is an important decision which should be carefully thought out and reviewed on a regular basis. How you secure insurance for your cargo can make a significant difference in the cost of the protection and the terms of the coverage that you receive. Here is a brief discussion of those options with the key points of comparison: (1) Insurance can be obtained through a freight forwarder or customs house broker.

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Could Keyman Insurance Save Your Business?

Sat, 06 Sep 2008 08:15:17 GMT

There is a well-worn saying that no one is indispensable. Perhaps not indispensable, but it is equally true that the role of a key player in many a small business can spell make or break in its fortunes. The loss of that "keyman" is therefore something to which every business should pay serious attention and consider the protection that keyman insurance provides. What is keyman insurance? Keyman insurance recognises that any business is likely to have one or two members who play a particularly key role in the company.

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Engineer Liability Insurance - Why Do You Need Engineer Liability Insurance?

Sat, 06 Sep 2008 07:05:02 GMT

Engineers are paid a large salary to toil and make the craziest of anyones dreams come true. They have laid the foundations of society, in a literal manner of speaking by designing building, bridges, and many other structures. Engineering remains a very lucrative business, however, an engineer can make a mistake from time to time. This is where engineer liability insurance comes into play. They should not have to pay for their mistakes directly out of their pocket. After all engineers are humans and are going to make mistakes.

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Insurance Required During Construction Or Conversion of Vessels Or Rigs

Sat, 06 Sep 2008 05:55:02 GMT

1. Builder's All Risk Insurance: Usually during the contract negotiation stage, when it is as yet unclear as to which party will be accepting which liabilities, which party will be responsible for procuring the insurance and absorbing the deductibles, etc., both parties look more deeply into the breadth of available BAR coverage. We can say that Builder's Risk Insurance for the energy class of business provides coverage under three different forms: London Institute Builder's Risk Clauses 1.6.

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How Multifamily Companies Can Avoid the Commercial Insurance Whirlpool

Sat, 06 Sep 2008 05:10:05 GMT

Avoiding the Insurance Whirlpool For many multifamily companies, many of which are very flat organizations, there is a cyclical effect that often occurs. The company grows, management gets busy, and somewhere along the way things start to slip through the cracks. For a multitude of reasons, multifamily insurance costs can begin to creep upward. These rising costs can obviously have adverse effects. You, as the owner, are forced to take on more of the work; specifically, shopping your insurance more than usual, which takes up your time.

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Cutting Commercial Insurance Costs in the Restaurant Industry

Sat, 06 Sep 2008 04:00:02 GMT

We've been on the downward side of the commercial insurance curve for the past year and a half. In 2006, profits were at all-time high levels for the insurance industry. These record profits triggered a flood of capital into the insurance marketplace. Additionally, many new insurance companies sprouted and began operations; thus, competition and supply increased. As we all learned in know, when demand stays the same but supply increases, prices drop. The forecast for the immediate future is a continuation of the decline in insurance pricing for Liability, Property, Auto, and Workers Compensation.

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Commercial Building Insurance

Sat, 06 Sep 2008 03:05:02 GMT

Commercial buildings are structures built for businesses to inhabit and create profit from. They can fulfill a variety of functions and structures, such as offices, medical centres, school, shop, restaurant, even a hospital is considered commercial. An overall definition of commercial insurance is any premise that is not residential, used by a business for the intention of creating a profit. Obtaining insurance for a commercial property is an incremental move for a business to protect themselves in occurrence of something unfortunate and unforeseen happening, such as theft, robbery, or any loss occurring through accident.

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Saving Money on Business Insurance

Sat, 06 Sep 2008 01:45:02 GMT

Are you paying too much insurance premium? Are the co-payments and deductibles affecting your business cash flow? Is it possible to save money on home-based business insurance? Yes, you can! We are here to show you how. Read through the following 5 easy ways to pay less for insurance. Before you begin shopping around, prioritize your needs. What are the types of insurance you need for your home-based business? Apart from the usual eventualities that are covered under property and liability insurance, are you vulnerable to any other risks?

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The Right Type of Insurance For Home Based Businesses

Sat, 06 Sep 2008 00:50:02 GMT

If you think that your new home based business does not need to be insured separately, since you already have homeowners' insurance, you have another think coming! Most homeowners' insurance policies limit loss of business property to $2500, do not cover losses away from home and exclude liability coverage for business-related activity. How's that for protection! But before you buy that insurance, assess your needs and get quotes from a number of companies to determine the amount and type of insurance suitable for your business needs.

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