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How To Get The Best Building Insurance Quote

Article by Bett Steinburg









Business owners that need to insure their building will want to make sure that they get the best building insurance quote possible. There are a few tips and tricks that can help a business owner get a good quote for insurance on their building.

Firstly, it is important to acknowledge that many people do not purchase insurance. This is true for both commercial and personal insurance. This is because they think that accidents and natural disasters will not happen to them and if they do, they will be able to cover the damage themselves. This is not true, as nobody knows when he or she will be a victim of a burglary, fire, natural disaster or a number of other circumstances that could harm the belongings of that person. In addition, many people under estimate how much money it would take to replace their belongings and cover their liability if something does happen. This is why insurance is an absolute necessity. This is especially true for businesses. If the building that they operate from is damaged, they will not be able to generate any revenue.

While in the past, many insurance companies would allow customers to decide the sum that they wanted to insure their building for this is no longer the case. Many insurance companies now insure building for replacement value regardless of how much that may cost. This means that if something were to happen to the building the insurance company would replace it with the same materials. Some buildings do not qualify for this type of insurance as they are higher risk and more expensive to fix when something goes wrong. In cases like these, the insurance company will insure it for however much it is valued at. When the customer is getting a building insurance quote the insurer will ask customers, what the building was worth last time it was valued.

In order to ensure that they get an accurate quote, customers must know some specific details about the building. The person giving the quote will want to know what year the building was built in, what it is constructed of and if there is anything out of the ordinary about the building.

If the building has a security system customers make sure that the insurer knows that as this may help reduce the premium. It is also important that the customer ask what discounts the company offers so that they can make the most of them.

Those that have this information will be able to get an accurate building insurance quote. Consumers should take the time to get quotes from several different companies so that they can compare the cost. Some companies offer exactly the same policy at different rates from one another.



About the Author

Visit Building Insurance Quote for more information or visit our blog at http://51weeks.com/building-insurance-quote-2/.










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Brokers: Overcome Fear of Patent Insurance

Garrett Koehn, president of Northwestern US for Crump Insurance Services, authored his first intellectual property and technology related coverages in 1995, working Yahoo, Excite, and others in the Silicon Valley. Here in an interview at the 2011 PLUS Conference with Insurance Journal and Claims Journal, Koehn discusses one form on IP insurance, patent insurance, and why brokers must overcome their fear of it.
Video Rating: 5 / 5

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Technology Insurance – Liability Coverage In The Digital Age

Article by Madison Lockwood









Any young occupant of a corporate workplace who has had their PC crash knows the feeling of dread when the IT expert emerges from the basement, rambles into the cubicle and says “Alright. What did you do?” It seems, however, that has IT has absorbed the science of networking and has also grown increasingly complex, liability for software firms, IT firms and internet businesses has become an issue that transcends the cubicle occupant.

Technology insurance is in essence liability insurance. It is designed to protect software and IT companies whose programming errors result in business setbacks for corporations using their products and services. Further, technology insurance refers to policies that protect internet businesses from unauthorized release of private information held on their servers. There are some principal categories of technology insurance that mirror, to some degree, the general categories of business liability.

* Technology errors and omissions insurance provides protection if your software or programming fails to perform as promised, or if errors in programming or product structure result in major client problems. “Cyber liability” in general addresses first- and third-party risks associated with e-business, the Internet, networks and informational assets

* Directors and Officers liability insurance is now available to those functioning in the startup and IPO arena. This insurance covers the principal players not in established firms so much as in those that fail to deliver the commercial success that early investors anticipated.

More specific forms of technology insurance include specific policies relating to:

* Network management* Computer consulting* Online transactional business* Disaster recovery* Data processing/programming services* Intellectual property insurance

With any liability insurance policy, the question of how much you need is directly related to how much you are protecting in the way of assets. One of the important components of liability insurance in any of these fields is coverage for legal expenses. Businesses attempting to quantify damage to their functionality and put a price to their losses as a result of digital malfunction are going to be faced with a complicated burden of proof. Obscure issues generally mean longer periods of deliberation and higher legal bills.

In the case of protection from online theft from hackers, the liability parameters for those sorts of incidents remain largely undefined. There have been no major cases where awards were made in class actions due to the release of thousands of individual’s private records.

Websites that provide a platform for online business transactions usually have a policy agreement that users must read and check off before they can utilize the site. That probably cuts down on frivolous lawsuits over sour transactions, but it does not provide anything like complete protection for the site operator.

This is “first person and third person” coverage that is somewhat different from standard product liability insurance because the only product the site provides is the transaction platform itself. Nevertheless, insurance covers the inevitable legal activity that any business involved in any fashion with a high volume of transactions is going to encounter.

The answer to “how much should I have?” is “consult your broker.” Liability insurance hasn’t changed; only the tools for mismanagement and the types of errors have changed. A good insurance broker can assess what coverage is necessary and clauses are “window dressing” provided by the underwriter.



About the Author

Madison Lockwood is a customer relations associate, specializing in small business development, for Apollo Hosting. Apollo Hosting provides website hosting, ecommerce hosting, vps hosting, and web design services to a wide range of customers.










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Naturesave Launches the UK?s First Small Scale Renewable Energy Systems Insurance Cover

Naturesave Launches the UK’s First Small Scale Renewable Energy Systems Insurance Cover











Managing Director, Matthew Criddle


(PRWEB UK) 2 October 2011

Naturesave, which won the Queen’s Award for Industry earlier this year, will provide the radical new policy from early October, which will cover Renewable Energy Installations for schools, small businesses and community organisations – and guarantee green energy revenues.

The only cover of its kind in the UK, the Small Scale Renewable Energy scheme has been set up to ensure that organisations and businesses, who have installed green energy systems, have access to realistic and affordable cover for the equipment and guaranteed protection for the revenues they earn in the event of mechanical breakdown or material damage, as well as public liability.

There has been increasing commercial interest in installing renewable energy systems, following the introduction in April 2010 of Feed-in Tariffs (FITs) for renewable energy. Technology is becoming more efficient and affordable, and businesses, community organisations and schools are now seeing the benefits of renewable energy in terms of cost savings as well as reducing their environmental impact.

Matthew Criddle, Managing Director, comments, ‘Naturesave has been at the leading edge of ethical and environmental insurance for 18 years, as has been acknowledged by our recent Queens Award for Enterprise Award, the first insurance provider in the UK to win for Sustainable Development. This new product follows on from our launch earlier this year of the UK’s first Household Renewable Energy policy and is a natural next step. We are pleased to be able to include this additional cover and understand that it is the only product of its kind in the UK.’

Cover will be provided for organisations with those types of renewable energy installation (eligible for FITs) including wind turbines, solar photovoltaics and hydro systems. At this stage cover will be available on systems up to 750 kW, for either individual systems or as part of a group of project sites, which are individually less than 750 kW.

More information can be found on the website: http://www.naturesave.co.uk


FURTHER INFORMATION

Under the Feed-in Tariff scheme, payments are made to organisations and communities who generate their own electricity from renewable sources such as solar electricity (PV) panels, wind turbines or hydro systems. The scheme guarantees a minimum payment for all electricity generated by the system, in addition to separate payment for the electricity exported to grid, and any savings made on the electricity bill by using the electricity generated. The monies paid depend on the type of renewable energy system and the amount of electricity produced. These payments are in addition to the bill savings made by using the electricity generated on-site. A typical small business could expect to save around £1,200 per year on average by installing a 4kw solar PV roof mounted system costing £12,000. The income is guaranteed for 25 years.

The policy covers renewable energy systems against:

●    Material damage to (lightning, storm, theft, impact, vandalism etc)

●    Machinery breakdown (over and above that covered by any existing warranty)

●    Loss of revenue (caused by material damage or machinery breakdown)

●    Public Liability insurance (third party property damage and bodily injury)

More information about Feed-in Tariffs and the levels for each type of renewable energy system can be found on the Department of Energy and Climate Change website: http://www.decc.gov.uk/en/content/cms/what_we_do/uk_supply/energy_mix/renewable/feedin_tariff/feedin_tariff.aspx

●    Naturesave Insurance is the UK’s only specialist ethical insurance provider which allows clients to protect themselves and the environment via a range of innovative insurance policies.

●    Naturesave won the Queen’s Award for Enterprises in 2011 for Sustainability.

●    Naturesave has become the preferred insurer of top Tibetan monks, Grand Designs Householders and Nelson Mandela’s charity 46664 – who asked the company to insure his 90th birthday celebrations in Hyde Park! As well as many environmental and conservationist companies and organisations throughout the UK.

●    Naturesave was set up in 1993 by eco and insurance industry expert Matthew Criddle (ex-Lloyds of London) and is based in one of the world’s most famous transition and eco towns, Totnes, to provide a vehicle for sustainable practices, using insurance. Naturesave counts the Transition Town movement as one of its clients throughout the UK.

●    It’s charity arm, The Naturesave Trust, has invested over £240,000 in eco projects since it began. Naturesave Insurance is the UK’s only specialist ethical insurance provider which allows clients to protect themselves and the environment via a range of innovative insurance policies.

How Naturesave differs from other insurance companies:

1.    10% of the premium from Naturesave’s household buildings and contents policies go into the Naturesave Trust, which provides grants for environmental and conservation projects. There are also eco living discounts offered for clients who are already making changes to their energy consumption.

2.    When you take out a commercial policy, an advisor will offer to visit your business premises to conduct a free environmental survey, and recommend how your working practices could be made more energy efficient and environmentally friendly.

3.    Naturesave also acts as a lobbying force, advising and influencing insurance companies on how they can encourage the adoption of sustainable practices.

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