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

Breaking false beliefs to help you pick correct income protection insurance policy
Published by Jenymorison on December 10th 2011 | Insurance
You would have often come across various myths about income protection insurance or in general any i...
 
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...
 
Coverage commercial general liability insurance offers to insured company
Published by Andrew Edwards on May 22nd 2012 | Insurance
CGL is quite popular plan while business owners want to cover-up the liability issues and transfer...
 
Get cheap car insurance in Montana
Published by Autoinsurances on January 16th 2012 | Insurance
All drivers using Montana roads have to get insurance for their vehicles. This is a requirement by t...
 
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...
 
Best deals on auto insurance in Oregon
Published by Ronnie Brain on January 16th 2012 | Insurance
All drivers are required to carry their auto insurance when driving in Oregon. It is illegal to driv...
 
Inexpensive health insurance procedure
Published by Lessardcasey on March 28th 2012 | Insurance
HealthInsuranceAdvisory.org offers Inexpensive Health Insurance rates for most Americans by allowing...
 
Comparable New Mexico auto insurance rates requires a keen eye
Published by Alabamaauto Insurances on January 17th 2012 | Finance
New Mexico has many sources of information regarding the best auto insurance quotes which includes t...
 
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...
 
Things to remember about cheap car insurance
Published by Robmichae on March 2nd 2012 | Insurance
Car insurance might not be important for you but it is very important thing for your car. As you go ...
 
Its possible to have low cost Alabama auto insurance
Published by Alabamaauto Insurances on January 14th 2012 | Finance
It’s possible to have low cost auto insurance Alabama especially if they search online for such of...
 
Limitation of cheap classic car insurance
Published by Katiehomles on February 25th 2012 | Insurance
You bought a classic car and now you worry about worry its maintenance. The classic car insurance is...
 
Massachusetts and the need for car insurance
Published by Autoinsurances on January 14th 2012 | Insurance
If at all you are looking for Massachusetts auto insurance, there are certain aspects that you reall...
 
Seeking car insurance for the first time- We can help you
Published by Carinsurence on December 8th 2011 | Insurance
If you have a newly purchased car and are seeking for the right type of auto insurance then this art...
 
Financial barriers in front although product liability insurance is outstanding
Published by Andrew Edwards on March 21st 2012 | Insurance
It is quite a possible obsession to happen with the manufacturers to face a situation they never exp...
 
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...
 
Obtain the exact type of coverage through business insurance plan
Published by Andrew Edwards on April 14th 2012 | Insurance
As a business owner it is your responsibility to look into the plans suitable for your company...
 
What are Car insurance comparison sites
Published by Geenadavis on February 25th 2012 | Insurance
Today, auto insurance is necessary for every owner of the car. One must select an auto insurance cov...
 
Car insurance comparison site – best way to find cheap car insurance
Published by Jameshaven on March 16th 2012 | Insurance
Anybody who purchases or drives a car will require car insurance coverage. If you do not have insura...
 
Factors to consider when taking an auto insurance policy
Published by Julia Bennet on February 6th 2012 | Insurance
Before buying a motor insurance policy, it is prudent to research about the various devis assurance ...