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Showing posts from October, 2022

How to make your business more secure with professional indemnity insurance?

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Are you a professional who wishes to establish an efficient business? Or maybe looking for ways to enhance work strategies for your current running business? Here’s what you must do: secure your business with professional indemnity insurance. It’s like a fence outside your house.    Let’s say a builder starts building a house. He works hard all day and finally gives himself some rest at night. He wakes up the next morning and finds his work destroyed, possibly by some animals at night. What do you think he’d do? That’s right. He builds a fence around the house, so he would not have to worry about animals ruining his house. He starts building the house again, with peace of mind and complete focus.    The builder shared his experience with his colleagues. One of them received a contract to build a house near that location. The builder didn’t waste a day of his hard work and rather started by building a fence.    The moral here was that if you’re new to the bu...

What is construction insurance and how does it help your business?

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What is construction Insurance?   Construction insurance is basically a basket consisting various insurance policies that secure construction projects. In reality, the term “construction insurance” isn’t an actual form of insurance. It rather refers to the different insurance policies that are directly related to construction projects.   These are some of the insurance policies that come under the umbrella of construction Insurance:   Public liability insurance:     As constructions can take place near other properties, there’s a potential hazard of people and other properties getting harmed in the process. This type of insurance covers for any injuries that your business activities might cause to the third party.   Product liability insurance :    This one covers the damage caused to a property or client by a product that you supplied, manufactured or imported.   Structural warranty:    If your business is concerned of buying or bu...