Public liability insurance is a type of insurance that you should be fully aware of if you are a tradesman of any description as you probably would have been asked to get this insurance before you were able to do your job or before you were able to be a sub contractor for any company that may want you to do some work on their behalf. Many people who are not that familiar with this type of insurance may be wondering why you would need this type of insurance if you were a tradesmen or someone that went into other peoples properties to undertake their work. Well the main point of this insurance is to protect the holder from any case of third party property damage or third party injury that they may cause whilst they are doing their work.

If you are a carpenter then you may need to get Public Liability Insurance so that when you go into other peoples properties then you are fully covered and although this is not a legally compulsory insurance it is something that more and more people are insisting that workmen must have. The things that it can cover are for example if a carpenter goes in to the property and was to knock over a vase or an ornament then they would be held liable for the cost of repair or replacement and if they were to leave their tools lying around and someone was to fall over them and injure themselves then they would hold the carpenter liable for their injuries which is where the insurance would come in to play.

There are three main levels of public liability insurance cover that you can get which starts at the basic one million pounds worth of cover and can be increased to go to either two million or five million pounds. This limit is the most that the insurance company will pay out in the instant of any claim, which is why most people feel that the basic cover will be sufficient as it will have to be a very rare circumstance where tradesmen can cause over a million pounds worth of damage. You can get a basic insurance premium from around about £57 for the yearly price which is for the one million pounds public liability insurance and the price would obviously increase if you either wanted a higher amount of cover or if you wanted anything extra added on to the policy such as tools cover or even hired in or own plant cover which can generally be added on to a public liability insurance policy.

We insure our cars, our houses and even our pets – it may now be time to think about insuring ourselves. Life is unpredictable and as much as we don’t like to think about ‘what might happen’, if you care about your loved ones, life insurance is something you need to take seriously.

When you’re young, life insurance is very low on your list of priorities. Planning for the future is buried under a sea of other concerns. But with age comes responsibility, and planning ahead means considering how your loved ones would cope if you were no longer able to provide for them.

This is particularly important if you are the major wage earner in your home. The financial impact of a death or serious illness could leave your family with financial hardships as well as personal loss to cope with. This is why life insurance is so important – both for your own and your loved ones’ peace of mind.

A life insurance policy can make life easier for your loved ones by paying out a lump sum in the event of your death. This can cover a range of expenses, from settling outstanding debts and paying off the mortgage to covering funeral expenses or other costs. At such an emotionally sensitive time, knowing that you’ve planned for your family’s future means that they don’t have the added burden of financial worries to cope with.

Although there are some providers who will issue a life insurance policy without asking you too many questions, these are usually reserved for
people over 50 and carry certain restrictions. For most people looking for health insurance, the provider will start by sending you a form asking you a series of questions. This will go into detail about your lifestyle, whether you have any underlying illnesses, whether you smoke or drink and a wide range of other questions. All of these are used to calculate your ‘risk’ factor and can make a difference to how much your policy costs, what level of cover you have or even if the insurer will cover you at all. Some companies will not accept people who smoke, for example, or who already have long-term health issues such as HIV or a history of cancer. Be prepared to answer some fairly detailed and personal questions, and as with any policy, if you feel uncomfortable about any aspect of the policy, talk to your financial advisor before proceeding further. A life insurance policy is a serious commitment, and one that shouldn’t be entered into without careful consideration.

Once you have decided on your policy and been accepted by the insurer (which may in some cases include a medical examination), you will then pay a monthly premium into the policy. If the worst happens, your named beneficiary will receive a lump sum after your death. Some life insurance policies also include a payment to cover your mortgage or rent, ensuring that your loved ones do not have to worry about losing their home at such an emotionally vulnerable time. It is also worth finding out if your life insurance also offers a ‘critical illness’ clause that could pay you a lump sum during the life of the policy if you are diagnosed with a predetermined illness.

Life insurance is not something that people like to talk or even think about, as it reminds us of our own mortality. But if you have loved ones, leaving them financially secure is a responsible decision that shows you care. For the sake of a few pounds a month, you can be certain that, should the worst happen, your family and loved ones are taken care of and that you can get on and enjoy your life, safe in the knowledge that their future is secure.