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.
The improvements made to their critical illness insurance cover by Legal and General have been supported by Only Finance, who are pleased to see positive changes in this market.
Although BUPA still leads the way with its critical illness insurance offering Legal and General have clearly taken positive steps an Only Finance spokesperson said. It is also great news that they have not used the cover improvements as a device to increase the price, thus bringing a real benefit to the consumer.
The Only Finance spokesperson also discussed the fact that it is certainly more cost effective to buy both life and critical illness cover together, saving money and also having a more comprehensive level of protection than when only taking one of them. He went on to advise purchasers of critical illness protection to ensure any medical questions were answered fully and completely, as almost twenty-five percent of claims made were rejected due to illnesses not being declared at the time of policy purchase.
A new commercial insurance product has been introduced by Hiscox Insurance designed especially for top quality venue owners.
The new Hiscox policy will be sold exclusively through brokers and will target places such as art galleries, museums, theatres and so on. Protection will include buildings and contents insurance, public liability, employer liability and also risks from the internet and email. Extras can also be added as needed, for situations such as doctors surgeries where malpractice cover may be required.
A spokesman from Hiscox was pleased to be able to offer this new product and felt that the specialised nature of the policy would lead to it being adopted by the places that need it, the value of the cover being clear to see.
