Why Is Professional Liability Insurance Important In Manufacturing?

Why Is Professional Liability Insurance Important In Manufacturing?

In manufacturing, it is essential to protect your business, professional integrity and yourself.

Typically, manufacturers will prioritise product liability insurance. However, professional liability, also known as professional indemnity insurance can be just as important in manufacturing.

What is professional liability insurance?

Professional liability insurance, or professional indemnity insurance, is designed to protect individuals and businesses from the risks of mistakes with advice or expertise. Professional liability insurance means that is clients or customers claim that a business provided faulty services or poor advice or mistaken expertise, then the organisation can cover the cost of legal fees. The insurance will also include the necessary […]

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Small Business Data Protection: Health Clubs Post GDPR

Small Business Data Protection: Health Clubs Post GDPR

From the 25th May 2018, General Data Protection Regulation (GDPR) comes into force.

Affecting all businesses that have European customers or use data from European businesses, this new EU legislation is designed to give consumers more control over their personal data and how it is used. Small business data protection receives just as much importance when it comes to GDPR.

It is not just the big, multinational businesses that are affected by GDPR, every business, regardless of its size, will have to ensure they comply with the rules set by GDPR. Every organisation which has data from an individual or a business […]

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What Is Buildings Insurance? Quick Step Guide For Landlords

What Is Buildings Insurance? Quick Step Guide For Landlords

When it comes to renting out your property, one of the first recommendations will be to obtain buildings insurance. So, what is buildings insurance and why do you need it as a landlord?

What is buildings insurance?

When you own a property, you are responsible for its upkeep and repair. If you have a mortgage for the property you own, then many mortgage providers will stipulate that you must have buildings insurance as part of your contract with them. Building insurance means that you have financial assistance to carry out repair work should the building become damaged.

While many mortgage providers will stipulate […]

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Opening A Nightclub? The Things You Need To Consider

Opening A Nightclub? The Things You Need To Consider

Opening a nightclub or a late-night venue is an exciting prospect.

For many, it is a dream business, filled with fun, socialising and is a profession that is never boring. While it may seem like a perfect venture, opening a nightclub can be challenging, and there are many things to consider. While you are providing enjoyment and fun to your guests, the long hours, unruly customers and managing a business can be stressful. If you are opening a nightclub, here are some of the main things that you need to consider to make your venture a success.

What you need to consider […]

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Specialist Insurance For Sole Traders: Do I Need It?

Specialist Insurance For Sole Traders: Do I Need It?

When it comes to running your own business, there is so much to consider.

Not only do you need to shine in your sector, but you need to acquire the other skills necessary for running a business such as accounting and business development. With all of your time taken up with running your business and preparing it for the future, some critical aspects can be neglected, such as insurance.

When you are a sole trader, you may believe that insurance is an unnecessary expense. After all, you are often the only one in your business, and many think that they will be […]

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