| Q |
Why do I need General Liability insurance? |
| A |
If you own property and / or run a business you could be held legally liable for personal injury or property damage caused to third parties by these activities. |
| Q |
What if the legal action against you is groundless? |
| A |
The policy will defend on your behalf any suit against you even if it is groundless, false or fraudulent. |
| Q |
Do I need to take Professional Indemnity insurance? |
| A |
If you are providing professional advice or owe a professional duty to a customer, you will need Professional Indemnity insurance to provide some cover against possible actions brought against you in a court of law. |
| Q |
What is a 'retro-active' date and what is its effect? |
| A |
A 'retro-active' date is used in a claims made policy. Any claim arising out of acts, errors or omissions giving rise to the claim that occurred before the retro-active date will not be covered. |
| Q |
Why does my business need Workers Compensation cover? |
| A |
In any business, a major asset is the workforce. You will normally be legally required to provide Workers Compensation cover against liability of injury costs to your workers, sustained at a workplace. |
| Q |
Are sole traders covered by their own policy? |
| A |
Sole traders are people who work for themselves but have not formed a company to work under. Unless sole traders can be regarded as working directors, they cannot cover themselves. Sole traders should consider taking out a personal accident and illness policy or an income protection policy. |
| Q |
Are contractors deemed workers under Workers Compensation policy? |
| A |
Contractors may be deemed a worker for the purposes of workers compensation. Please refer to your country's Labour Authorities for the definition of a worker under the legislation in the country. |
