Whether you’re renovating your home, extending your property through a self build conservatory or brick extension, or taking on the task of building a new home from scratch it is very important that you have the right protection in place for you and your property.  Talk to mypremium.ie today to clarify the type of cover required and if you are employing a contractor to do your works it is important the he/she has the right insurance cover.

Liability during construction of your home includes:

• Temporary and permanent works in the course of construction
• The unfixed materials or equipment on site
• All items of constructional plant, equipment etc
• Temporary buildings
• Professional fees
• Liability
• If you are not employing a contractor i.e. if you are using direct labour, you need to check your cover{KomentoDisable}

 Protecting what's important.

 Term Life Assurance

The life company undertakes to pay out the sum assured on the happening of the specified event within the term, e.g. on death. There is no other benefit. A term assurance policy never acquired a cash or surrender value. Cover ceases at the end of term. If the policy holder wants to continue the cover they will have to apply for a new policy at that stage.

The term can be from 1 year upwards to maybe 25 or 30 years. Most life companies have an upper termination age which is usually 75 or 80.

The premium is fixed at the outset and varies according to:

• Term

• Age

• Smoker status

• Health status

• Nature of cover

• Level of cover

Policies can be taken out on a Joint life or dual Life basis. Joint Life provides cover for both lives but will only pay-out on the first death at which time cover on the second life will then cease. Dual Life Cover – provides cover for both lives independently, with separate pay-outs possible on the death of both lives assured. Hence in the event of death of the first life, cover will continue on the second life insured.

We can choose from a range of different Product Providers with the following flexibility:

• Increase/ decrease sum assured

• Extend or reduce term of cover

• Add or remove benefits

• Convertible

• Indexation

• Life Events options{KomentoDisable}

  

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What is Professional Indemnity Insurance?

If you are in business in Ireland and provide a professional service to a client, then you should consider protecting against the risk of making a mistake.

It doesn't matter whether your business is a SME or a medium to large enterprise in Ireland. Mistakes happen, but they needn't cost you your business.

Professional Indemnity Insurance is designed to cover you in the event of you ( or one of your employees) making a mistake which causes your client to sue you.

It provides for the legal costs and expenses involved in defending the claim.

It also covers the cost of compensating the client for the financial loss incurred as a result of negligence.

This can amount to a very substantial sum, depending on the nature of the negligence and the financial impact which it has on the client.

Even where you are found to be not guilty of negligence, the cost of successfully defending a claim can be very expensive.

Knowing that there is a suitable Professional Indemnity Insurance policy in place, which gives proper protection, will certainly help you to sleep a lot easier at night.

What type of risk does professional indemnity cover?

We all work to avoid mistakes, but no one is perfect, and they can happen.

The following is a short list of typical areas where professional indemnity insurance has come to the rescue.

• Professional negligence, where you get it wrong and if there was not insurance in place, you would have to pay from your own resources.

• Defamation. This is not as obvious. Many people overlook this. The laws of defamation are quite strict in Ireland. This is a good thing if your reputation is being defamed. Defamation can often occur in an unintentional way. You may refer to a company or individual in a manner which may be interpreted by the courts as constituting defamation.

• Breach of confidentiality. With so much information being stored and accessed, even with a strong procedure in place, this can occur. When it does, it's good to know that you are covered.

• Breach of copyright. This can be very expensive to defend. Companies can be very agressive in protecting their copyright. You need to know that you are indemnified if a breach occurs.

• Loss of data. This can be in digital or written format. Perhaps a computer becomes damaged and data is lost, with no back up. The only copy of a valuable report gets destroyed while in your care. This also applies to loss of goods or money in your control.

Should I get Professional Indemnity Insurance if it is not mandatory ?

PI (Professional Indemnity Insurance) is mandatory for many professions in Ireland, including, Solicitors, accountants,financial advisors, architects.

Other professions may need to have it in place in order to secure, or tender for contracts. These include, IT consultants, business and management consultants, researchers, economists.

You should have insurance in place to protect you against the risk of being sued. Even if you can afford to pay the compensation, and the legal costs and expenses and the loss of time, it makes economic sense to spread the risk to an insurance provider.

For a relatively small outlay, you can get cover amounting to millions of euro.

What is the value of comparing the market for professional indemnity insurance in Ireland?

You need to know that you are getting value for money. We deal with a wide range of insurance providers and our qualified advisors will search the market for your best policy.

Request a quote today and one of our experts will contact you to discuss your individual needs and circumstances. Armed with that information they will then use their skills and experience to obtain great value quotes. We will then contact you to explain the value of the quote and you choose the one which suits you best, with our help.

What should I do next?

Click on the quote button and one of our experts will contact you to start finding your best policy.

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Not all products are as obviously dangerous as poison.

Have you taken the necessary precautions in the event of your product causing injury?

The liability on manufacturers, retailers or repairers could be quite substantial.

It is imposed by the Liability for Defective Products Act 1991 and gives an injured party the right to bring an action for compensation, without having to prove fault, against any person involved in the production and distribution of the product.

What is Public Liability Insurance ?

Public liability insurance in Ireland is designed to protect you against your legal liability to others that arises in the course of your business.

As you carry on your business in Ireland, circumstances may arise which could cause injury or loss to a third party. Public liability insurance will cover you for claims arising from such circumstances, for which you may be held liable.

Someone may slip on your premises and sue you.

Even if you win, the person who sued may not have any assets and you may fail to recover your costs from him/her.

You end up having to pay your own legal costs, which can be substantial.

How much liability cover should I take out?

That depends on the type of business you have and the risk factors attaching to it.

You should talk to one of our experts.

The consultation is free and you will have the peace of mind that comes from knowing that you are fully covered, that you haven't missed something.

Cover usually starts from €1.300,000 and goes up in accordance with your individual requirements.

Can I get short period cover?

Yes. This covers once off events, such as a St Patrick's Day parade, Christmas Lights, Summer camp etc.

This cover is subject to terms and conditions and we strongly advise you to get the assistance of one of our qualified experts before taking out a policy.

What choices do I have?

You can decide to do nothing and run the risk of being put out of business by a claim or you can pay a tax deductible premium, spread the risk and concentrate on your business in the comforting knowledge that you have the best policy.

What should I do next?

You can telephone us on 1890 666 666

or click on the call me button and we will contact you at a time which suits

Or use the quote button .

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  Start here for your business/company insurance.

Running a business is challenging. It can be difficult to find out what products are available for business insurance and how much do I need.

That is why we have put together these short snippets of information on the various types of business insurance products, that can help protect your business and bring you peace of mind.

Payment of the premium by installments can be arranged.

  Liability Insurance.

Dealing with others brings its own risk.

No matter how remote and small your business may be, you still have a customer and therefore there is liability.

Different specialist insurance products have evolved to meet the varying circumstances of risks in the business world.

There are five liability insurance policies that you should consider.

Employers liability, Public Liability, Product Liability, Directors and Officers Liability,

Combined Liability(This combines the best bits)

Business Interruption

This cover is essential. This covers your earning power, to the extent by which it is affected as a result of an event which is covered by the policy, such as fire or flooding. The bills still have to be paid and your loss of income could have a disastrous effect on your financial future. Don't risk it. Get it insured today. You need to examine your average income and potential income for the period of loss. If in doubt,talk to one of our qualified experts  about business interruption insurance.

Professional Indemnity

 Mistakes happen. Professional indemnity insurance protects you when you make a mistake in your work.

Claims happen. If a client suffers financial loss as a result of your mistake, or that of one of your employees or agents, then you could be facing a large claim for compensation and legal costs.

Don't suffer sleepless nights worrying about the consequences. Take action now to protect against them. Take out professional indemnity insurance. This can be a complex process and therefore we recommend that you talk to one of our qualified experts who will guide you through the process.

Commercial Vehicle

It is a legal requirement and you should let us compare the market for you. There are various packages available for businesses with varying numbers of commercial vehicles to insure in Ireland.

Contact us today and we will get to work for you, saving you time and money on your commercial vehicle insurance.

Commercial Property

 If you are leasing the property, you still need contents cover. You should make a list of all the equipment, furniture, etc. that you have in your business. Then calculate the cost of replacing them.

If you own the property, then you should review before you renew.

Don't undervalue or overvalue. If you under insure you will not get the proper compensation, in the event of a claim. If you over insure, you are just wasting your money.

We can help you to compare the market for commercial property insurance
 

Corporate and Business Travel

If you need to travel in the course of your business, check out our travel insurance quotes.

You can save a lot when compared to just taking what is on offer through the travel company. Consider multi trip insurance.

When things start to go wrong on an important business trip, that's when you appreciate travel insurance.

Commercial Legal Protection

Legal costs can be expensive. Whether you are pursuing a case or defending one. Legal costs insurance can help you get legal advice early, and perhaps avoid the pitfalls.

This is a summary of what's on offer in the insurance market in Ireland.

You can contact us for free advice on insurance and how to make sure that you are adequately covered.

Telephone 1890 666 666

 Or Click on the call me back button and start your business insurance enquiry today

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Protecting the business Partnership.      

Partnership Insurance

The sudden death of a partner can cause immediate financial problems to surviving partners:

• In the case of a partnership, the death of a partner can cause the immediate dissolution of the partnership, unless there is a prior agreement to the contrary.

• The next of kin of a deceased partner may want to come into the business with the surviving partners, who might not want this.

• Even if the next of kin are willing to sell their share of the business back to the surviving partners, the surviving partners simply may not have the liquid or the borrowing capacity to do so at that time.

Structure

There are two key components to the structure of a Partnership Insurance contract:

• There is a legal agreement, often called a Buy/Sell Agreement, between the partners, under which on the death of a partner the deceased partner’s next of kin are bound to sell, and the surviving partners are bound to buy, the share if deceased partner.

• To ensure that the surviving partners are in a financial position to complete the transaction, each partner’s life would be insured for a sum assured equal to the estimated value of their share of the business, in order to provide sufficient liquid capital on death for the surviving partners.

Arranging

The life cover can be arranged in one of two ways

• Life of Another- where one partners insures another partner’s life

• Own Life in Trust- each partner insures himself for an amount equal to the estimated value of their share of the business.{KomentoDisable}