Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Understanding Tradesman Insurance and Employer Liability Insurance

By James Wilson Subscribe to RSS | May 10th 2012 | Views:
loading
 
  



Tradesman Insurance is exclusively designed for those who deal directly with customers and often work on their premises or homes. In such instances it is essential for the tradesman to have ample public liability coverage.

There are a wide range of trades that can benefit from Tradesman Insurance. Some of the most common examples of this insurance include Plumbers Insurance, Builders Insurance and Electricians Insurance. These insurance plans help in protecting the tradesman against injury and damage to assets while working on a project. Likewise, it also protects against any kind of damage to third party property or injury to an employee or any other person.

Determining the Coverage

It is important to determine the Tradesman Insurance coverage you require. In fact the amount of coverage can be ascertained by the nature of your business and its size. There are a number of insurance providers that you can choose from the market place. The standard liability cover will differ from one provide to another. Depending upon your requirement most providers may also provide you with an option to enhance your coverage. This insurance also covers public liability. This means if your business activity causes any injury directly to a third party you may be liable for a compensation claim. Having Tradesman Insurance will enable you to meet any compensation claim easily.

What is Employers Liability Insurance?

In the United Kingdom, every company that has more than one employee on its rolls should have Employers Liability Insurance. This is mandated by law and hence it is also known as the Employers Liability Compulsory Insurance. Under this law, every employer should have a cover of at least £ 5.0 million and it must cover all those employees working within the country.

If you are an employer it is your responsibility to ensure the safety and health of all employees working in your organization. You are responsible not only while they are still working in your firm but also when they leave your company. Having Employers Liability Insurance will protect your firm in the event an employee or employees are injured while at work or due to your negligence. This policy will enable you to meet any compensation claims that may arise due to any unfortunate event resulting in the injury of employees at work.

Determining the Coverage

While determining the coverage it is better to consult a provider or broker. This will enable you to assess your firm’s liabilities and risks better. Though the minimum coverage is £ 5.0 million, thus exercise will help you understand whether you require a higher coverage. Finally, Employers Liability Insurance is compulsory and mandated legally. However, as an employer you choose not to take out any cover then you are liable to pay £ 2500 per day as fine till such time you do not take the insurance. In extreme cases, the HSE may shut your firm also.

James Wilson - About Author:
James A Wilson has experience in insurance sector for more than 10 years and wrote many articles on liability insurance, affinity insurance & fleet insurance to help people in finding the best suitable insurance for their needs.

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/insurance-articles/understanding-tradesman-insurance-and-employer-liability-insurance.htm

Related Insurance Articles Subscribe to RSS

Tips to get cheap car insurance
Published by Harrisonford on March 1st 2012 | Insurance
If you are car owner and you know the law then you definitely know importance of car insurance. Car ...
 
Choosing an insurance policy for Hawaii
Published by Auto Insurances on January 16th 2012 | Finance
Just like in other states in the United States, it is a mandatory for the residents in the state of ...
 
Tips to find the best car insurance comparison sites
Published by Geenadavis on February 25th 2012 | Insurance
Shopping around for the cheap auto insurance online can be a challenging task if you do not know how...
 
A Different type of life insurance
Published by Jack Travis on December 9th 2011 | Insurance
Disadvantage of this type of life insurance is that it will be automatically terminated once the per...
 
Individual dental insurance plans
Published by Lessardcasey on February 11th 2012 | Insurance
Everyone at some point has been to the dentist throughout his or her life. Most of america can relat...
 
Individual medical health insurance
Published by Lessardcasey on November 30th 2011 | Insurance
Individual medical health insurance is something that every man and woman should have, unless they a...
 
Alfa Romeo Spider car insurance is not difficult for you
Published by Kaisar on January 2nd 2012 | Insurance
This is not matter which car you are using but if you are the owner for the Brera car so it is vital...
 
General and special coverage with commercial insurance
Published by Andrew Edwards on March 2nd 2012 | Insurance
Safe business is prime requirement for us; it gives us plenty of advantages which can be utilized...
 
How do they figure out my cheap car insurance rates
Published by Harrisonford on March 29th 2012 | Insurance
An individual must be thinking before purchasing car insurance that how insurance companies calculat...
 
Best Individual medical health insurance
Published by Lessardcasey on February 11th 2012 | Insurance
Individual medical health insurance can be a financial burden, but for many people it is a necessary...
 
Importance of one’s own vehicles insurance
Published by Shyam Singh on March 2nd 2012 | Insurance
Suit one’s own insurance policy with each of your must have: Ones own vehicles insurance must have...
 
Get your health cover from Georgia health insurance plan
Published by Ricky Martin on June 20th 2012 | Insurance
People can cover their health related issues from Georgia health insurance plan, and can enjoy your ...
 
Operational liability affairs unravel by commercial general liability insurance
Published by Andrew Edwards on March 21st 2012 | Insurance
Here we are going to make the decision on commercial level plans which are making it possible...
 
Points to facilitate product liability insurance as your uphold plan
Published by Andrew Edwards on April 7th 2012 | Insurance
Defects in products are quite common these days just because manufacturers fail to perform...
 
How income protection insurance program can help you
Published by Benroger on February 28th 2012 | Insurance
You are sick so you cannot go to work at the moment. You and your family can understand this thing b...
 
The many ways to get Dubai medical insurance
Published by Andy Robert on December 7th 2011 | Insurance
With the growth and expansion in Dubai, many positives steps are being taken by local authorities an...
 
Manage your business effortlessly with commercial insurance
Published by Andrew Edwards on February 16th 2012 | Insurance
If you are running a business either it is large or small, then you will understand the importance...
 
Different types of insurance to keep you and your family free and secure in Dubai
Published by Andy Robert on November 29th 2011 | Insurance
Insurance policy provides protection against uncertain losses. In Life insurance policy insurer prov...
 
Your insurance in your means, demands and needs
Published by Ahmadgill on December 3rd 2011 | Insurance
There are many companies that are giving bets rates but all these companies are not batter for you a...
 
Why to get mobile phone and iPad insurance
Published by Ashish Pandey on February 7th 2012 | Finance
Getting mobile phone insurance or iPad insurance can be a great tool to avoid unnecessary expense an...