A new policy has been launched by Direct Line that is designed especially for small pubs and restaurants. Cover is included for theft, accidental damage, as well as GBP2 million public liability as well as GBP10 million employers liability cover.
Customers taking out the cover for their businesses can also add on options for their personal premises too, with Direct Line incorporating that into the overall protection. The insurer is aware of the specific issues facing owners and operators of places like these and has created this policy to deal with such factors.
The public and employer liability are key elements of this insurance policy said Direct Line, since pubs and restaurants are prone to such things happening so the policy is structured to ensure sufficient protection is in place.
Life Assurance plans are something that everyone should have, as long as they are the most suitable for the customer. The CIS Life Insurance division is offering some handy tips to help customers make sure their loved ones are looked after.
CIS Insurance are, for example, offering customer alerts to advise of premium increases as well as identifying the best life assurance policies for those with children. A key aspect of this type of cover is the provision of income replacement, where a sum is paid on a quarterly basis to the remaining family.
A word of warning is also issued regarding Whole of Life policies, from the CIS or any other insurance company, since they are tied in to the performance of the stock market. This means that the amount payable could actually be less than that paid in.
The Prudential, the second largest life insurance provider in the UK, has seen the Peoples Bank of China take a one percent stake in the company, worth GBP130 million.
The move puts the Chinese bank into the top 25 of institutional investors in the Prudential, though there is no feeling that the holding is leading up to a takeover bid. The Chinese bank invests in many different businesses and a one percent holding is not uncommon. Speculation came because of the Prudential developing the Asian market though the management at the insurer welcomes the investment.
Such is the activity of the Prudential in Asia that their growth for the first half of the year was 14 percent, a remarkable step forwards.
