How Does The Right New Jersey Business Insurance Agent Save Money?

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NET 85% OF YOUR INCOME: www.tarpon-uk.com 0845 643 1580 Info@tarpon-uk.com Insurances Why do I need insurance cover? Attitudes to insurance vary. Some believe it to be a ‘necessary evil’ whilst others have a strong belief in the protection of their business, which insurance affords. An insurance policy is a legal contract which must be expressed in relatively complex legal terms. It is a promise to provide compensation for something which may never happen. Any contractor, without adequate insurance, risks the success of his business. Types of insurance available There are various types of business insurance available, the most common types to contractors are: • Employers Liability • Public Liability • Professional Indemnity Employers Liability Insurance Most employers are required by the law to insure against liability for injury or disease to their employees arising out of their employment. Employers Liability Insurance covers your business if an employee is injured or falls ill at work. Employers’ Liability Insurance will meet the cost of compensation for injuries sustained to your employees (or illnesses), whether caused on or off site. By law, an employer must have and be insured for at least £5 million. Most insurers automatically provide cover of at least £10 million. When you take out a policy you will receive a certificate of employers’ liability compulsory insurance. You must display a copy of this where employees can easily read it and keep copies for at least …