Most self-employed tradesman have a lot on their plate.  They usually work long hours, dealing with multiple clients, and managing complex tax arrangements.  Self-employed tradesmen also have to ensure their business is protected from any unexpected accidents by purchasing insurance.

Public liability insurance is one of the most effective ways for tradesmen to protect themselves.  It protects tradesmen from any legal liability resulting from third party property damage or physical injuries.

This form of insurance will protect you and your business against unexpected problems that can ruin a business.  This guide will explain why UK self-employed tradesmen need public liability insurance and how to find cheap pubic liability insurance.

Why do UK self-employed tradesmen need public liability insurance?

Most self-employed tradesmen find themselves working in a variety of operating environments.  This often includes private residences, shopping centres, offices, and warehouses.  Each environment poses a different set of risks, for both you and the people around you.

Having public liability insurance ensures you are legally protected if an unexpected accident occurs in any of these locations.  It helps you pay for any compensation costs, legal costs, medical fees or cost of repairs that occur after an accident as occurred.  Some of the accidents that public liability insurance covers you against include:

  • A member of the public injuring themselves on a piece of your equipment
    Public liability insurance will cover you against legal liability arising from someone injuring themselves on your equipment. This includes people accidentally tripping on your equipment or slipping on a surface where you are working.
  • A member of the public injuring themselves because of an accident you caused
    Public liability insurance will cover you against legal liability caused by an accident that you caused.
  • A member of the public injuring themselves when they visit your offices
    Public liability insurance will protect you against accidents that injure people visiting your offices. This includes common accidents like people falling down stairs or tripping on carpet.
  • Damage to the property of a third party caused by your work
    Public liability insurance will cover you against legal liability arising from accidental damage to other people’s property. For example, you may accidentally damage a third party’s electrical system when drilling into a wall.
  • Damage to the property of other people while it is in your care
    Some public liability insurance policies will cover other people’s property while you are using it.

While it is not a mandatory requirement for UK self-employed tradesman to have public liability insurance, it is often a part of contractual agreements with clients.  Public liability insurance will also protect your employees and any contractors that work for your business.

The main reasons to purchase public liability insurance include:

  • It protects you against accidents that occur at your place of business
    Regardless of how carefully you set up your business premises, people can will still find a way to injure themselves. They might fall off a chair or slip down some stairs.  Even if they were partially at fault, they can still sue you for damages.  Public liability insurance will help to protect you against these kinds of legal actions and compensation claims.
  • It helps you obtain contracts
    Many employers insist that contractors have public liability insurance. Having this form of insurance increases the number of contracts that you can apply for.
  • It helps to protect you against frivolous law suits
    Unfortunately, we live in a society where people can easily sue contractors for personal injury or damage to property. Many contractors must deal with frivolous lawsuits that take up a great deal of time and money.  Having public lability insurance will help you deal with any expenses from these law suits and reduce the impact to your business.
  • You will be covered for the actions of employees or subcontractors
    Tradesmen cannot control how their employees or subcontractors act in certain situations. Public liability insurance will ensure you are covered against legal liability caused by the actions of your subordinates.

Buying cheap public liability insurance

Competition is fierce in the UK insurance industry, so finding cheap public liability insurance is simple!  Here are a few tips for UK self employed tradesman looking for cheap public liability insurance:

  1. Check that the policy offers the coverage you require
    Some policies split their public liability coverage into different components. Their default policy might offer coverage for legal costs resulting from a claim, but it might not cover medical costs.  It is also important to check the maximum annual payout that the policy provides.  Most public liability policies start at £1 million and go up to £10 million.
  2. Check the policy’s exemptions
    Most public liability policies have a list of exemptions. They often include gross negligence and accidents that are caused while a person was under the influence of alcohol.  Some policies that are more affordable have a longer list of exemptions.
  3. Check your contracts
    The contracts you have with your current or potential clients might require a specific level of public liability coverage. Check these contacts before shopping around.  Some trade bodies may also require contractors to have a certain amount of public liability insurance.  You may be able to purchase a cheaper public liability insurance policy that matches the requirements of your client.
  4. Consider using an insurance broker
    Insurance brokers can help you find a cheap public liability insurance for your profession.
  5. Shop around
    There are many insurance comparison tools available online. They can help you find a great policy that offers excellent value for money.

Thanks for reading Public Liability Insurance UK (PLI).  For more information on UK public liability insurance, subscribe to the site or follow us on social media.

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The world is becoming a more complicated place and that includes doing our taxes. The idea of doing a simple federal or state income tax filing used to be quick and easy for millions of people. But with all of the changes in the tax laws, even the simplest tax filings can become headaches. That is why professionals such as Michael J. Yuda CPA offer tax consulting services to people who may have never needed such services in the past. There are some very good reasons why you should consider calling on a CPA Honolulu residents trust for tax consulting services.

Health Insurance Laws

You may have heard about the changes in the federal health insurance laws, but you may not think those changes apply to you. The truth is that there are insurance premium rebates and tax penalties that could apply to your situation. By getting good advice from a tax professional, you can determine what your tax status is based on your health insurance situation and make the necessary changes to avoid any penalties. You can also find out if you qualify for any premium rebates that could lower your taxes.

Your Pay Situation Has Changed

You finally got that big raise at work and now life seems to be getting better. To keep everything rolling along smoothly, be sure to check with a tax expert to see if you need to change your deduction status to help offset any increase in taxes. You may be paying more taxes, but at least you have more income for the government to tax. Keep the bright side of your big raise glowing by getting the right information about how to handle your new income tax status.

You Sold Your Home Or Made Some Other Significant Extra Income

If you recently sold your home, then you may or may not owe some income tax on that transaction. This actually applies to any large sale you may have made, or any significant amount of cash you received for any reason. It is always best to check with a tax expert to make sure that you pay all of the income tax you owe before you start enjoying the proceeds from your sale.

Taxes can be tricky, but they do not need to be a problem. The simple solution is to contact a tax consulting service and find out all of the information you need to know to keep the tax collectors happy.

Binary options trading hаvе bесоmе tо bе remarkably popular аmоngѕt traders. Binary options аllоwѕ the purchase оf а valuable asset іn which actuality the buyer hаѕ the chance tо gain а fixed payoff (almost double hіѕ investment) simply bу successfully predicting іf the price оught tо gо uр оr down. Thе utilization оf binary options trading wіll permit аn investor tо possess the ability tо gain аn excellent volume оf returns іn а brіеf time period. Binary соuld bе thought tо bе а conference wіth two роѕѕіblе outcomes: оnе bеіng ‘yes’ оnе mоrе being’ no’ meaning the outcome wаѕ nоt еxасtlу аѕ predicted.

Thе Meaning оf Binary Options Trading
Thе exact word binary means involving two, therefore fоr binary options trading means the twо possibilities. If а trader invests а fixed amount оn а binary option; іf іt option іѕ successful the trader wіll gеt bасk а fixed amount іn profit, іf уоur options аrе unsuccessful the trader wіll eventually lose hіѕ invested amount, соnѕеquеntlу making binary option investing а basic wіth direct process investment product.

Call аnd Put Options
A call option stands fоr the buy оf the binary options bonus codes аt а predetermined price bу а predetermined date (the expiry). Thе buyer оf а telephone call саn buy asset аt the specific price until expiry. If the buyer believes that the cost оf the asset wіll рrоbаblу bе higher than the cost rіght аt the shutting time оf maturity оf соurѕе уоur mоѕt suitable choice іѕ аlwауѕ tо place а call option.

Hаvіng ѕаіd that, іf а call options means уоu саn aquire, then а put wоuld bе the solution tо sell the asset аt а predetermined strike price until а set expiry date. Thе put option buyer саn sell assets аt the strike price, оf course, іf hе chooses tо sell, the put writer wіll hаvе tо buy аt that specific price. When the buyer believes that the price іѕ сеrtаіnlу gоіng lower, the mоѕt apparent choice mіght bе tо place а “put” option.

Fоr Exаmрlе

  • A trader chooses tо gеt crude oil stocks. Hе buys 150 shares іn which hе mау hаvе tо forecast іf thе price іѕ сеrtаіnlу gоіng higher оr lоwеr іnѕіdе the expiry date.
  • In addition tо this he’s gоt the роѕѕіblе opportunity tо choose the expiry time. At аѕ ѕооn as, іt mіght bе logical tо bе watching the current strike price.
  • іn case that selling price, оr the price аt maturity costs $50 реr option while the trader wishes tо gеt 20 options аt $100 each, thinking the price wіll рrоbаblу bе оvеr $50 when the option reaches maturity. In ѕuсh case, the trader wіll receive the decided uроn percentage оf return.
  • In the event that return іѕ 82%, hе wіll receive $182 реr option x20 giving аn оvеrаll оf $3,640 which means the trader mаdе $1,640 profit. If the price eventually ends uр аbоvе strike price the trader wіll eventually lose hіѕ total initial investment.

The foreign exchange market (forex or FX for short) is probably one of the most exciting and interesting investing markets today. Whereas the Forex market was limited in the past to investments by banks and other financial institutions, hedge investment funds, and extremely wealthy individuals, thanks in large part to the Internet, all of this has changed. Today, practically any size investor can buy and sell all currencies with the click of a mouse button. And with a little education about how the Forex market works and how to take advantage of its ups and downs, practically anyone can make money trading in it.


Forex Education

Just as is the case with practically any type of investing, Forex depends on a number of givens and general trends to operate. These factors are usually very easy to understand, which makes becoming familiar with the way they operate very important. It’s for this reason that the more you understand about how the Forex market works, the better you off you are when you start to invest in it. For example, one of the factors that makes other types of investing very risky is volatility. Not only that, but large investors can cause markets to rise and fall, affecting prices–and profits/losses–to happen nearly at will. By being educated about the Forex market, you would get to know that unlike other markets, the currency market can be one of the least volatile around since currencies rarely move more than a cent a day.

Spots, Forwards and Futures

The Forex market operates 24 hours a day, 5 1/2 days a week. Making matters even more interesting is that even though the market might be closed in one area of the world, it’s just opening or mid-day in others, which means that you can literally make trades every day, all day long. The influences on these markets are manifold, and because of the way the market operates, the small investor has just as good a chance to make money as the large ones, without nearly the risk due to leveraging.

All of this might sound terribly confusing to the average person, but the good news is that it is really not. The Forex market is one that people get into every day, with some making tremendous profits, regardless of the size of their initial investment. How can you join them? First, you have to get educated. A good place to start is with some of the books and other literature sources available. Another possible source is the Academy of Financial Trading, an online course that teaches you the basics of trading, not only by using traditional instructional methods, but by providing computer-simulated programs that actually allow you to learn in a real-world environment, without the risk.

Getting Your Feet Wet

The best way of educating yourself in the ways of Forex depends largely on you and the ways you like to learn and how you learn best. Most of those who begin learning Forex will start by reading simple literature on the topic, at least until their curiosity is satisfied. From there the potential investor can add to this beginning knowledge by reading and studying far and wide from a variety of sources.

There is practically no single way that is best to learn Forex. Admittedly, there is a lot to learn. The good news in this is that it can be learned, and by practically anyone. Forex is not rocket science. With an understanding of basic principles upon which to build a framework of more advanced knowledge, practically anyone can become a seasoned Forex investor. It all starts with the basics of how the market operates and what to look for before an investment is made. Another positive note is that some Forex trends can be very obvious and predictable, which is far different than other trading methods.

With the knowledge you can gain by becoming educated in the ways of Forex as well as the understanding you can accumulate by actual trading practice, you will soon find yourself in the enviable place of being among those who have made their way in the investing world with one of the most interesting and exciting methods available. All you need to do now is to get started. The rest is up to you.

To carry a successful business, proper finance marketing has to be done so that every viable lead for your product can be reached to and converted into sales. There are a number of ways in which companies try to make sure that they reach the doorstep or inbox of the clients so that the consumers’ job is made easy. However, statistics have shown that consumers prefer companies which they search for over those which present themselves to the user through impromptu emails and other messages. Article writing and blogging should be used by all website owners and online companies because these provide multiple benefits – first one includes getting found easily on the search engines and the second one includes making sure that the targeted consumers reach the website directly.

Articles are the purest form of content available over the net and more users are following websites which provide them with unbiased and quality content. The information can be provided regarding a specific product, a range of products or an entire industry – the fact remains that there would always be people who would prefer more information on any item. Article writing should also be used on the article directories because a lot of online users prefer these directories over the website content. This fact can be understood considering websites go for copywriting whereas the article directories provide a clear picture and wide range of information to support it.

If a personal view has to be propagated for finance marketing, then blogging can be used as this tool allows for a more personal interaction and first person marketing. The thing that should be made sure is that there aren’t any fights or confrontations over the blog as that might reduce the popularity of the blogger as a professional and unbiased source of information.

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