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The Financial Implication of Public Liability Insurance on Small Businesses

The Financial Implication of Public Liability Insurance on Small Businesses

Small business owners often worry about cash flow. Trying to find a balance between meeting the necessary costs and staying afloat tend to take precedence over every other cost. However, money worries will increase tenfold should an accident occur in the business premises. When legal suits become a possibility for small businesses without insurance, the frustration mounts for a business that is barely making ends meet. This will only further affect the finances of a startup. To save the company from meeting compensation claims, it is necessary and cheaper for companies to invest in public liability insurance.

Public Liability can pose a big operating cost to your business if you are not careful and an accident happens on your premises. Check out Allegiance Associates if you are considering Public Liability Insurance today.

In this article in, the author discusses some of the liability insurance covers necessary for businesses.

Advantages of investing in liability insurance

“Liability insurance protects you against financial loss if your actions, your negligence or the condition of your property is found to cause a person to be injured or killed, or a person’s property to be damaged or destroyed or they suffer loss as a result of relying on your services or advice. There are three forms of liability insurance, public liability, professional indemnity, and product liability.” read more here

 When a business idea is at its formative stage, compensation claims is the last thing on the mind of the entrepreneurs. Every business owner wants to see his business thrive and possibly become a brand. Liability insurance is an important consideration that should be sorted out as soon as the business opens its doors. As the company grows, the liability risks increase. For example, if you are leasing the space in which your business is located, should part of the building come down, will you not sue the property owner for damages? If the property owner has no liability insurance, he will need to pay compensation claims from his pocket. Taking liability insurance saves companies money when disaster strikes.

In this article, Will Douglas illustrates the importance of business insurance.

The impact business insurance has on the productivity of the business

“Business insurance can protect you against losses incurred during the running of your business – for example, if a customer or employee makes a claim against you, or if your equipment is damaged. The terms ‘commercial insurance’ and ‘business insurance’ are often used to describe employers’ liability and public liability insurance – the two main types of business insurance.” read more here

Equipment damage can easily ground a business. For example, factories insure their equipment. In the event there is any damage, the business could ground to a halt if they cannot produce anything due to faulty machinery. Replacing these machines can be quite costly for a business. However, with insurance, business owners only need to be concerned about sending claims to the insurance company when the need arises. Besides the financial implication, coverage gives business owners the peace of mind required to run the business.

In this article, in, the author discusses public liability insurance and the financial risks of a business neglecting this cover.

Why public liability insurance is necessary for all business entities

“If an accident or unforeseeable incident causes damage or injury to someone (other than your employees), you may be found legally liable to cover the costs. Public liability insurance can help to protect your business from the financial risk of liability claims – giving you the certainty you need to trade with confidence.” read more here

Just like vehicle drivers have no total control over what happens on the road, business owners do not have absolute control over the occurrences in their business. A building could come down, machinery could stop working as it usually does, a client may slip and fall in your establishment. All these scenarios have financial implications. The only difference is the reaction of the business owner. One with public liability insurance will call his insurers. The one without insurance will panic because of the cost implications and the impact this would have on the business.

Public liability insurance is not compulsory. However, it is necessary for all companies. A business owner who has long-term plans for the company needs to have long-term insurance plans. Public liability insurance is not just beneficial for the business, it is also good for clients, passersby, and employees. When clients walk into your facility, they would feel better knowing they are protected as long as they are in your establishment.


Tips on How to Identify the Right Insurance for Your Company

Tips on How to Identify the Right Insurance for Your Company

Before you visit an insurance company, it is necessary for you to have an idea of the type of covers you need. This will save you from registering for protection that is not necessary, especially when you desperately need to save money. Discuss your situation with the insurers. With their expertise, you will choose the best cover for your company. It is also important to discuss your plans for the business. Knowing how your company’s growth will affect the type of insurance you take will help make the necessary adjustments when your company is ready to introduce a more comprehensive insurance cover.

Public Liability can pose a big operating cost to your business if you are not careful and an accident happens on your premises. Check out Allegiance Associates if you are considering Public Liability Insurance today:

In this article in, the author discusses some of the protection covers small businesses need.

Types of insurance covers suitable for small businesses

“General Liability Insurance: Every business, even if home-based, needs to have liability insurance.  The policy provides both defense and damages if you, your employees or your products or services cause or are alleged to have caused Bodily Injury or Property Damage to a third party. Property Insurance:  If you own your building or have business personal property, including office equipment, computers…” read more here

When choosing the right insurance for your business, it is essential to find if the protection offered is comprehensive. For example, when taking a property protection cover, does this include the company cars or do you have to take auto insurance? Knowing these details may save your company some money since you will not make payments for covers that offer overlapping protection features. Unfortunately, if you cannot afford to purchase all the necessary covers, you may be forced to compromise by choosing the essential cover. For example, you may select public liability insurance over Directors’ and Officers’ insurance if you can only handle one cover at a time.

In this article in, the author elaborates the importance of public liability insurance.

The significance of public liability insurance to a small business

“Public liability Insurance is one of the main types of business insurance. It can cover compensation payments and legal costs if a member of the public (maybe a customer, a supplier, or a passerby) sues your business because they’ve been injured or their property has been damaged.” read more here

Accidents are a regular occurrence in places of work. An employee could get hurt, or a client may slip and in the process break his laptop. These scenarios may end up being costly for the company should either bring a suit against the company. When a company has public liability insurance, the Directors do not need to worry about the legal issues arising. The insurance company will take care of the compensation and legal costs incurred.

In this article in, the author evaluates the essence of public liability insurance and why it is a necessity for every business.


How the absence of public liability insurance affects businesses

“What is public liability insurance? If a customer or third party person was to injure themselves or have something damaged as a result of your business activities, your business could be held liable. This means that you would have to pay the compensation claim and incurred legal expenses. If you have public liability insurance it can cover these costs.” read more here

The absence of public liability insurance puts businesses at risk. The cost of taking this cover is much lower than compensation claims that are likely to arise should an employee, client or passerby get injured while at the premises. For example, if a company is having a sale which attracts many buyers, in the event of a stampede, those hurt during the rush will likely take legal action against the company for injuries and the damage to any of their property. Although this scenario would worry any business, the pressure is less on a company that has public liability insurance.

Insurance is a critical issue that needs to be considered at the time when entrepreneurs are considering opening up a business. The type of insurance is dependent on the needs of the company. All businesses that have employees, interact with clients, and have many people walking into the business premises need public liability insurance.

How do all the treatments for pain relief stack up

How do all the treatments for pain relief stack up?

Any pain which lasts for longer than a few months is termed chronic pain. A few special cases of chronic pain cannot be cured but most other types can be cured depending on the treatment used. The first step to curing chronic pain is to understand what is causing the pain and where exactly the pain is coming from. This is arguably the most important step as understanding the pain helps you choose the right course of action. The second step consists of choosing the right treatment for your pain. The choice you make depends on-

� How long the pain has lasted
� How severe the pain is
� What’s causing the pain
� Where the pain is coming from

Types of pain relief treatments

A magnetic patch from PIP Singapore which makes a back pain patch Singapore is your best bet to curing your chronic pain as it can cure a whole host of pains. The magnetic patch is a one size fits all type of treatment while other treatments are for more specific kinds of pains. It is also very cost effective when compared to the other treatments in this list.

Radiofrequency Ablation (RFA) is another type of treatment in which a doctor targets the specific nerve that sends pain signals to your brain. The doctor uses a needle with a tip that heats up to zap the nerve so that it cannot send the signal anymore. RFA relieves pain for up to a year and isn’t very cost effective versus magnet patches which are cost effective and can completely cure chronic pain.

Pain shots are another option in which a doctor uses an x ray to find out where to put specific medicines that he will recommend. Steroids and anaesthetics are prominently used in this type of treatment. Many people stay away from this treatment over magnetic treatment because of the use of drugs and chemicals in pain shots. Magnetic treatment is natural and completely drug and chemical free.

Opioids are different from Pain shots in the way they are administered. A pain shot is injected into the bloodstream while an Opioid is consumed. Opioids are dangerous because they have shown many harmful side effects like drowsiness, nausea, vomiting, addiction, accidental overdose, dizziness and constipation. It is understandable why people would like to stay away from opioids when they could undergo magnetic therapy to achieve similar long lasting results.

Magnetic Therapy Where it All Began

Magnetic Therapy: Where it All Began

As we are all aware, the use of magnetic therapy is rampant nowadays. You can find magnet-made relief products in drugstores, wellness centers and trading places all over the world. Scientists and people have learned to use it in ways that are convenient for anyone who will use it. Thus, for those who wonder how this kind of alternative healing began, the first thing to look up is history because that where evidences is found way before researchers have conducted their study on magnetic therapy.

The never-ending question in the history is, “does it work”? It is ironic because how are we supposed to know if we are not to try? To answer this without taking risks, we refer to the records and testimonies present.

If you are looking for pain relief via magnetic therapy, look for PIP Singapore. They are Japan’s #1 Magneto-therapeutic Device and are one of the most established magnetic therapy. Check out their site today:

To see how this practice innovates, we will read an article written by Richard C. Senelick, M.D.

Can Magnetic Therapy Relieve Pain?

Almost every sporting goods store, pro-shop or web page has an advertisement for therapeutic magnets with claims of pain relief and a better golf game. There are magnetic bracelets, necklaces, shoes inserts, mattress covers, head bands and, yes, dog collars. It certainly isn’t new. But, is there any scientific evidence to support all of these claims? Read full article here

There are no specific names or places that are believed to be the origin of magnetic therapies but studies have found that is being using all over the world even before industrial revolutions took place. Being used by Kings and Queens in the early centuries, magnetic therapy has proved its effect to one’s health over time. Before it is cultivated to as mattresses, jewelries and binders, people have used the stone itself and this is probably why people in the early age had so many superstitions and belief about alchemy, magic and witchcraft.

For the next article written by sshowalter for FoundHealth, let’s take is when therapeutic magnets are first used.

History of Magnet Therapy

Magnet therapy has a long history in traditional folk medicine. Reliable documentation tells us that Chinese doctors believed in the therapeutic value of magnets at least 2,000 years ago, and probably earlier than that. In sixteenth century Europe, Paracelsus used magnets to treat a variety of ailments. Read full article here

To end the fallacy, modern physicians and scientists have conducted several studies and experiences to know—or for some, to show that magnetic therapy works for some. Using technology, they are able to identify the materials used in the magnets and how they react to the chemical and physical aspects in the body. Together, they are able to use magnetic fields to ease chronic illnesses as well as devices that can detect or diagnose an occurring one.

By doing this, the days of mystery and guessing why is this certain type of stone is magical. Well, in a sense, it is magical because it can relieve chronic pains and disorders in no time and eventually, get rid of them. Understanding how our human body works by the cell level gives us a better perspective on how to treat common illnesses without taking medication and suffering from its side effects.

For the last article by Dr. Jockers, we will be able to know how the effect takes place to our body.

How Does Magnetic Therapy Work?:

Magnets work by improving circulation to the damaged region and improving the injured cell’s polarity.  Magnet energy is considered a catalyst which speeds up biological processes and enables the body to reduce inflammation and heal itself.  Magnets also speed up circulation improve oxygen and nutrient absorption into the targeted cells. Read full article here

In the theory of evolution of humans, we have passed the Stone Age and people from this era could also have possible used magnets in their daily lives. However, it could be of another form and appearance and we only know about it by artifacts. There are claims that magnets are first discovered in Greece but in some commentary, magnetic therapy is first used in the East. With this, there is no specific name of region mentioned that proves where magnetic therapy is invented.

Moving on, there is no other way but to improve the products we have today and the possibilities are endless. Some of the devices invented may be surprising but if you think about it, it is also what people in the ancient time have felt when they first discovered the use of magnetic therapy. The point is, no matter how many times and how many versions of tools human can create, the benefits of this alternative healing stays the same. Unless the manufacturer produces a substandard product, then magnetic therapy could be a fraud.

Know All About DSRC Technology

Know All About DSRC Technology

DSRC of Dedicated Short-range Communications Technology is a primary field of R&D for a network dedicated solely for uses related to transportation. Check out some of the fundamentals of DSRC.

Defining DSRC

It is a dual-way capability for short-to-medium-range communications, which permit extremely high data transmission important for communications based road safety applications.

If you are looking for a DSRC Technology provider in Singapore, you should consider ATT Systems Group.

Typically, an intelligent transportation system facilitating cars with the assistance of new drivers, smarter infrastructure, as well as, features of autonomous driving are looked upon as a means for decreasing the number of fatalities and traffic accidents and enhance fuel efficiency and improve traffic congestion.

Ways in which DSRC technology can be used

There is a widespread anticipation that the DSRC technology can be applied in vehicle-to-vehicle or V2V communications and vehicle-to-infrastructure or V2X communications. It is expected to be especially handy for the latter since the technology supports rapid network acquisition, the capability to cope up with frequent and quick handovers, which are typical characteristics of any vehicle environment, support secure and low-latency transmissions and is extremely robust even when the weather conditions are not favorable.

Over 40 use case has been identified by the DOT for the V2I technologies like making payment for tolls and parking wirelessly, alert a driver when a vehicle comes near a curve on the road to fast, alert drivers of certain conditions like road constructions and adjust traffic signals for accommodating the initial responder in an emergency and so on.

The technology is expected to include

� Processes and systems needed to make sure that the network is a trusted one and support managing the security credentials.
� Interfaces for controlling traffic signals for application needing timing data and signal phase.
� Positioning services to resolve vehicle locations for precision and high accuracy.
� Mapping services, which provide in-depth signage, roadway geometries, as well as, asset locations for different connected vehicle applications.
� Roadside communications enclosures and types of equipment, network backhaul, power, and mountings.
� Data servers to process and collect data for distributing distribution and offered by vehicles.

DSRC offers high dependability when required

Any active safety solution requires a high level of reliability. The utility of this technology comes into action when a car is running at a high speed. The DSRC technology has the ability to perform very well even when the weather conditions are unfavorable are extreme like rain, fog, and snow. The technology makes sure that even during high speed; vehicles are able to deter collisions and crashes, thus reducing the number of accidents and fatalities.

The risks in IT business & how to protect your IT business wisely

The risks in IT business & how to protect your IT business wisely?

The freelance business is growing worldwide. The growth is very significant that some times in the future it is expected that freelance workforce will be bigger than its permanent counterpart. Since more and more small business emerges and operates to provide professional services and consultancy to the customers, so too the risks of professional liability lawsuits or claims will increase. IT field is not excluded in this scenario.

If you are looking for a corporate or personal insurance provider, you should consider Allegiance Associates. They cover a wide range of professional insurance in Singapore. You should check out their website here.

In fact, IT professionals or contractors might be more prone to professional risks than any other businesses. The risk may not be obvious like a collapsed floor when a building is still under construction, or death of a patient under medical treatment due to negligence, or loss of compensation in legal action because the lawyer of the case failed to highlight certain important facts already made known to him. But a problematic line of coding can similarly contribute to software failure that cause major disruption to business, or an overlooked bug can cause monetary loss to the customers as well. Unfortunate incident like theft of project laptop can entails lots of trouble, too, especially when the deadline is very near or if it involves confidential information that can jeopardize clients’ interest and profit. Markel direct explains five reasons why IT professionals should choose to be insured professionally.


Why IT professionals need to be professionally indemnified by insurance coverage



    1. No insurance, no contract.



Many contracts require you to have professional indemnity insurance, limiting the cost to the employer if you do make a mistake. Clients may be reluctant (or even refuse) to hire you without professional indemnity insurance. To have the best chance of getting a contract, arranging professional indemnity insurance is a necessity.



    1. Claims can bankrupt IT contractors.



A claim for an error or omission in a project could cost anything from a few hundred pounds to hundreds of thousands. If you are uninsured, you will have to foot the bill for legal fees and compensation which could leave your financial situation vulnerable in the event of a claim. Read more here!


There is this one famous Malay proverb which says, “sediakan payung sebelum hujan” which means that we should provide an umbrella before the rain finally comes. So, let’s not wait until that heavy fall before looking for a good umbrella or at least a raincoat to cover ourselves from being soaked to the skin. Even though your business is small, when it involves lawsuit, no amount of money is small enough to cover for everything. It can easily cost more than 10,000 dollars even at the initial stage of the lawsuit, without court hearings yet. Imagine how much going to court might cost in the end. Tech Insurance website tries to paint some vivid pictures about the financial burden that a business might suffer when a legal case is brought against it.


Professional liability premium cost vs. cost of legal fees


The answer is different for everyone, but the costs to defend your business in a professional negligence lawsuit can add up before you step foot in a courtroom.


According to Braden Perry (@bradenmperry), a regulatory and government investigations attorney with the law firmKennyhertz Perry , even cases that get tossed out without going to trial can still cost a small-business owner roughly $10,000 to $15,000 in legal fees.




“For a case to go through the answer stage, discovery, and a ruling on a motion for summary judgment, it can cost a company roughly $50,000,” says Perry.




He adds that if a case survives a summary judgment, it could cost a small-business owner approximately $100,000 to take the case all the way to a jury verdict. Read more here!




Knowing the huge cost that might be involved in a business lawsuit, why are we still taking unnecessary risks by not paying for insurance premium? Choosing to be a securely insured business is the wisest step to take. Our business is our reputation, and our future depends largely on its success or failure. This contains more truth when we are talking about small businesses which operates on small-scale, because its capital and cash are not that big. Imagine losing a dynamic and growing business because of a silly mistake caused by a junior employee, for example. Such incidents can happen to anyone and any business, so be prepared to think beyond the ordinary. At times, it is not only negligence that can be the cause, but there is a wide range of mistakes that you never thought can sink a mighty ship like yours. An article has more to say about the probable situations that might lead to professional liabilities. The piece at Hiscox blog.


Expect more than negligence as the probable reasons for lawsuit against your business


While protection in the event of negligence forms the core of the cover provided by PI insurance, it’s important that you consider a policy that offers cover for intellectual property, dishonesty, defamation and loss of documents too.




Why? Because it’s not just claims of negligence that can harm a small business. However robust your processes are, it can be easy for you or one of your employees to slip up when juggling the day-to-day running of the business.




Perhaps an employee sends a gossipy email about a difficult client to a supplier and copies in the client by accident. Read more here!






So, really? Why the wait? Why the thoughtful look on our face, still? We must be thinking, “It might never happen to my business at all. My business is professional enough not to be smeared by this kind of lawsuits for five years already.” But luck cannot always be on our sides. When our business grow, more projects starts to pour in. We cannot wait until too late for the risk of getting a red flag, and the insurance company will deny to pay anything.


To conclude, never take the wrong risks. Be wise and protect our business as early as possible from having to pay for any expensive legal actions. At least we have something to fall back on during the hardest challenge that we have to face in the life of an IT business owner.

What goes into protecting yachts

What Goes Into Protecting Yachts?

Yachts are an investment to most people. Considering the costs that go into buying and maintaining them, most people spare nothing when it comes to its protection. People usually try to get the best they can afford for their yachts when it comes to its protection, like a security system to protect it from theft or waterproof covers to protect the seats and such. While yachts can do without a few of these protective measures for some time, the same cannot be said for marine insurance. Merely securing the yachts physically is no longer sufficient. The vast majority of the threats to one�s yachts are unpredictable. Having a good marine insurance policy for the yachts, enables people to enjoy them without worry and fear. In this article we shall discuss, what goes into protecting yachts.

If you are looking for marine insurance in Singapore, you should consider Allegiance Associates Marine Insurance. They cover both Marine Cargo and Marine Hull insurances. You should definitely look them up above if you are serious about protecting your marine goods or properties.

Seas and oceans are not to be gambled with
With weather changes becoming turbulent without any warning, marine insurance is the single most important protection for yachts. Hurricanes in the recent years have proven the might of nature. Most of the harbours around the world, have witnessed the capabilities of hurricanes first hand. Yacht owners who had gone for the full marine insurance were the ones who turned out to be smart in the end. People who had taken up bare minimum insurance, had to inevitably pay the price of gambling with the seas. The vast majority of yachts are frequently customised with the very best of what boat building has to offer. Surprisingly, a lot of yacht owners did not have the funds to salvage their sunken yachts, thus resulting in massive losses. Even though, such calamities of such intensity are quite rare, it is not an excuse for slacking when it comes to marine insurance.

Marine insurance protects the yacht owners apart from the yachts themselves
With unpredictable weather, there is no way to prevent yachting accidents before they occur. Marine insurance protects the yacht owners from severe financial burden in case of yachting accidents. Everything from injury to yacht damage is covered in most good marine insurances. While one is at the sea, so many things can go wrong, no matter how careful one is. Marine insurance is the only sure-fire way to protect oneself against all of it. Fortunately, with more people realising the importance of having a good marine insurance policy in place for their yachts, marine insurance premiums have become reasonable. It is high time yacht owners leveraged it to the maximum.

How Iris Recognition Could Assist Law Enforcement In Discharging Their Duties

How Iris Recognition Could Assist Law Enforcement In Discharging Their Duties?

Contrary to popular belief, the means to distinguish people based on their irises was existent for quite a few years now. However, with biometric security applications receiving a lot of attention of late, technological companies started their attempts to make it economical and viable for everyday use. With technology making progress in leaps and bounds, long range iris scanning is now finally a reality.

If you are looking for an Iris Recognition System for your company, you should consider ATT Systems Group Iris Recognition System. They have the expertise and know-how to assist you on your technical needs and implementing the systems. You should check them out.

While most people might find this farfetched, it’s only because they did not know that it was in works for quite a few years now. The US military has already been using iris recognition systems for identification purposes in Afghanistan from 2004 itself. With smartphones and tablets sporting biometric security measures now, iris recognition systems are bound to make an entry into everyday life sooner than later. Although iris recognition on its own is quite useful, there are a few applications wherein long distance verification is desired. This is particularly useful for law enforcement and counterterrorism personnel in discharging their duties. In this article we shall discuss, how iris recognition could assist law enforcement in discharging their duties.

Roadblocks to covert use of iris recognition
Human rights and civil liberties groups are expressly against the use of long range iris recognition systems in any capacity. Their concerns are about its potential misuse by the governments for their own vested interests. While this threat is very real, the unique benefits that long range iris recognition can offer cannot be summarily rejected. Intelligence proponents hope that people will eventually see that, the amount of good that long range iris recognition can do for them is way higher than its potential for misuse. Amendments which incorporate strict legal provisions governing the use of long range iris recognition, may be able to alleviate some of these concerns to an extent.

Potential usage scenarios
The potential applications for long range iris recognition technology are virtually limitless. It can massively restrict human trafficking and smuggling of criminals or terrorists to safe havens. Law enforcement officials can easily track fugitives, thereby ensuring greater security of the general public. Even though criminals can use long range iris scanning for their own illicit purposes, securing the databases with which iris identification can be achieved by stronger algorithms can mitigate this to some extent. Additionally, governments will have to accord people greater transparency to ensure that, their own agencies do not misuse this beneficial technology for their own selfish gains.