Category: Business Insurance

  • What does a professional indemnity insurance policy cover?

    The short answer is: it varies from policy to policy. In broad terms, a professional indemnity (PI) policy will protect you from the financial consequences of an alleged breach in your professional duties – provided that breach was not intentional. What PI protects If someone with whom you have an actual or assumed contractual relationship believes you have done – or failed to do – something that has harmed their interests, they may pursue you for compensation. Should this happen, professional indemnity insurance can protect you in a number of ways. A standard PI policy will fund your legal defence…

  • Airside Insurance in Ireland – Talk to us about airside liability & motor fleet cover

    Many contractors will carry out work in an airside environment at some point however airside insurance is not something that is covered under a standard motor fleet or liability insurance policy. How do I know if my policy excludes the cover? It is likely that your policy will automatically include an Airside Exclusion unless you have obtained a specific cover extension. An airside policy exclusion may read as follows: This policy excludes any loss or liability caused by, attributable to or arising from the presence of an insured vehicle in any premises or area to which any aircraft has access.…

  • What is Public and Employers Liability insurance?

    Public & Employers liability insurance provides cover for the costs and expenses of dealing with personal injury or third party property damage claims which arise out of the running of your business. (As with all insurance policies, cover is always subject to the policy terms & conditions – so please read your policy document) How does a liability claim work? – Example: Employee has a fall at work & sustains an ankle injury. The Employee initiates a personal injury claim against his Employer via a solicitor. The solicitor writes to the Employer alleging that the injuries were caused due to the…

  • Business Insurance | What is hazardous location exclusion on a liability insurance policy?

    Many small & medium sized contractors do not take the time to read their combined liability insurance policy and are not aware of some of the major exclusions which are incorporated into these policy documents as standard. One such exclusion is the hazardous locations exclusion. Here are 2 examples of how this exclusion may read as part of a combined public/products & employers liability policy: HAZARDOUS LOCATION EXCLUSION (example 1) This policy will not cover any claims arising from or out of or in connection with activities or work undertaken in or immediately adjacent to any of the following –…

  • Employers Liability – Manual Handling: Know Safety, No Injury…No Safety, Know Injury.

    Manual handling is said to be one of the primary causes of injury in the workplace. According to the Health and Safety Authority (HSA) almost 1/3 of accidents reported are in relation to manual handling. It is a major cause of Employers Liability insurance claims. Ken Coonan, Liability Underwriter at QBE Insurance recently wrote a very interesting article on Manual Handling which outlines some of the key aspects of a risk management strategy which, when implemented successfully, could potentially reduce employers liability insurance claims. Here are some of the key points: 1. Risk Assessment Manual handling should be avoided where…