Marine Industry Insurance
One the most crucial policies a marine business owner should have is marine industry insurance, this insurance will provide cover for your ship, boat and even cargo while in transit. As a result of the uncertainty that is nature, a vessel can run into circumstances such as choppy waters, hurricanes and typhoons and if the vessel is damaged as a result of that it can cause financial losses for your business. An additional risk that is covered by marine industry insurance, is piracy and cross border shootouts.
To ensure the vessel is protected by insurance while transit, the caption must comply to a particular protocol regarding the scheduling and route taken. If the captain has failed to adhere to the protocol the vessel will not be covered by insurance.
In an addition to the marine industry insurance, there are also four different covers available such as cargo insurance, hull insurance, liability insurance and freight insurance. The cargo insurance will specifically protect the cargo on-board the ship from any losses or theft that occur. Hull insurance will provide coverage to the main part of the ship and any items on-board the ship such as furniture. Liability insurance is one of the most popular insurance types as it will cover the vessel if it has been involved in a collision or accident with another ship. Protecting yourself financially from any accidents that occur is crucial, freight insurance will offer that protection to your company and vessel.
Nature can be extremely unpredictable and involve a lot of risks for the marine industry, therefore having this insurance could be a necessity in order to protect your vessel, crew and cargo.
Being a medical professional, whether you are a GP, physiotherapist or an optician is an occupation that has a large amount of responsibility. This responsibility is accompanied by unique risks that result from the nature of the occupation in treating patients. Some of the most important types of medical professional insurance include medical indemnity, public liability insurance and practice indemnity insurance.
Medical indemnity insurance is a type of professional indemnity insurance that is specific to medical and health professionals. This insurance type protects both medical professionals and medical practices from claims of malpractice or negligence. Legal costs or financial losses are covered should a patient bring forward a claim against the practice or health professional. Public liability protects your business if a third-party member of the public is injured at your premises, financially compensating medical costs or hospital bills. In order to further protect your practice from risks of the medical profession, practice indemnity insurance is available. Not only are medical professional protected through practice indemnity insurance but other members of staff such as administration or secretarial employees.
Whether you are an employee at a medical centre, eyewear store or nursing home, medical indemnity insurance can protect your business and income from risks associated with the healthcare industry.