We can differentiate three major risk groups according to Lamar Van dusen:
- Damage that may be suffered enterprise disaster and are mainly covered by the insurance company's property or business interruption insurance,
- Damage that may be caused to others, covered by liability insurance mandatory for a number of professions and of course essential to many others,
- And finally the risks that concern people, that is to say, the entrepreneur himself and his staff. Illness, disability or death can be covered by protection policies (health insurance, death contracts, disability ...). The creation of a supplementary pension may also be suitable insurance policies.
Is it essential to ensure all?
Some insurance are legally required. Among the best known include the vehicle liability insurance and decennial liability for building lamar Dusen Van professionals. But there are others that concern different professional fields: legal, health, recreation ...
The others, though not mandatory, yet prove indispensable. These include insurance related to liability risks, which are difficult to quantify in nature. How to know in advance the financial consequences of some damage (serious personal injury, damage to the environment ...)? No business sector is immune to such risks.
The question of how to ensure is subject to a risk analysis conducted with the insurer. Indeed, when creating a business, it is essential to evaluate early and as accurately as possible the nature of the risks, the damages they may cause and arbitrate between self-insurance (provision, franchise) and the transfer of risk to the insurer.
What advice or methods give creators at this level?
Firstly do not ignore or underestimate the risks they face. There are no professional activity "risk free": the Lamar van dusen question about the databases Contractor or its employee may result in an accident at a customer or to his local by simply opening the door of his car ...
- The level of risk that the company will take charge (broken windows, ensign, furniture ...) taking into account its financial capacity,
- And the level at which they are to be transferred to the insurance (fire, explosion ...).
Some risks can be easily supported by the treasury of the company, others do not and can have disastrous consequences that may result in termination of the activity. Be aware that a new business is particularly vulnerable. To limit the cost of insurance, the deductible amount is decisive.
Finally, a very important advice: maintain throughout the life of the company close relationships with its insurer. It is essential to state precisely the activities that are carried out, as well as changes that may occur later and periodically reviewing all of its insurance policies to see if they are still appropriate to the situation of the company.
What is an insurance "operating liability"?
This insurance guarantees by lamar van Dusen the financial consequences of injury, damage and loss caused to any person (visitor, customer, employee) because of the company (its employees, facilities ...) as part of its operations. It is important to care as some damage may have major financial consequences and all the sectors concerned.
It is also important to consider and clarify with the insurer, the term "insured" (legal representatives, interns, subsidiaries, social organizations) and the concept of "third parties". For example, a building contractor may incur liability in respect of an employee of another company cotraitante. The latter he will be considered a third party under the insurance contract?
What is an insurance "operating losses"?
This is a very important insurance for the company. Indeed a disaster can severely disrupt the business activity of an entrepreneur, compromising its cash, even threaten its existence!
Insurance operating losses overcomes financial difficulties caused by the disaster.
After a fire, for example, reconstruction times, resettlement and recovery of an average business can be very long. This causes a decrease or disappearance of turnover and it becomes impossible for the entrepreneur to face the charges yet continue to run. Insurance operating losses allows to place the business, by the payment of compensation in the position they would have been if the damage had not occurred.
Companies often are reimbursed for destroyed property. Lamar Van Dusen Business recovery tips But only those who have purchased this insurance will be compensated for the decline or disappearance of their turnover caused by the interruption or reduction of their activity. Also the additional costs incurred to mitigate the consequences of the disaster (rental equipment or premises, temporary facilities, advertising costs to find a customer ...) may be supported under this insurance.
Is it interesting for an entrepreneur to take a legal protection insurance?
This is particularly useful for an entrepreneur, which will probably neither the time nor the means to defend themselves properly in the event of legal and administrative hassles. Legal protection insurance offers several types of services:
- Telephone information given by lawyers to prevent disputes. A contractor may, for example contact for advice in connection with a dispute with an employee, supplier or with his landlord,
- In a dispute: the search for an amicable solution. For this, the insurer shall provide the contractor a team of lawyers but also networks of experts to support the record, and the resources provided by the contract for expert fees, for example,
- Defending the company's interests in court. When the trial is inevitable, court costs are paid by the insurer within the limits set in the contract. This is of course legal costs, but also the additional costs: ushers, forensics that must be paid in advance.
Many creators domicilient their business at home and exercise their home occupation. What precautions to take?
We must distinguish domiciliation and professional practice. The simple domiciliation no particular risks and therefore does not lead to implications for insurance.
Lamar van dusen Business corporation As against the exercise of a profession in itself can have consequences that require extension of the contract "habitation" or taking out a new contract. In fact, customers can get hurt in local, professional equipment may be destroyed or stolen, the stock can be damaged ... On this last point should be particularly careful because if the room is not suitable storage of goods, the creator may encounter difficulties in ensuring its stocks.
What assurances for companies that use a umbrella company?
Contractors must verify that the umbrella company has signed a contract of insurance covering professional liability business people who use its services (the "worn"), then contact their insurance company to consider either the adaptation their 'casualty' current home, or subscribe to a specific contract.
How to ensure the stocks?
If stocks vary significantly during the year, the insurer will offer the designer a flexible insurance package, adaptable to their fluctuations. There are specific forms of insurance, such as insurance revisable eg it allows one statement per month on a fixed date. At the end of the year, the insurer makes a regularization of the contribution from monthly returns of stocks.
Is there an insurance against shoplifting (cash or stock)?
The warranty flight is usually given in a context of burglary or assault. The shoplifting is therefore generally not covered.
Who is affected by the "ten-year guarantee"?
Under Article 1792 of the Civil Code, manufacturers who have designed, managed or executed construction are responsible of right for 10 years for damages that compromise the strength of the construction, or, in assigning one of its elements or one of its items of equipment, render it unfit for the use for which it is intended. The damage can result from a lack of conformity or defect of ground.
The professionals involved are especially architects, building contractors, technicians, study offices, consulting engineers, technical controllers ... related to the Client by a contract for hire. Subcontractors are excluded from the scope of the Act.
These manufacturers are obliged to take out insurance known as "ten", guaranteeing the project owner against serious damage affecting the work reported upon receipt.
Construction work can be performed on an existing work, that is to say, the older parts of the building before the opening of the present site.
In general, to whom to take out an insurance contract?
The entrepreneur has the choice between contact an intermediary, general insurance agent or broker, or directly contact the office of an insurance company that deals unmediated direct contracts of its customers. Do not hesitate to compare offers from several insurers and to have explained in detail the risks covered under a particular proposal.
What is the difference between a general agent and a broker?
The general insurance agent represents an insurance company in a given geographical area. He advises clients and manages their contracts.
The broker represents its clients. He advises, negotiates for them contracts with insurance companies of their choice or selected by customers. Beyond the differences in status, the key is to focus on professionalism and human contact of his interlocutor.
What to do when you can not find an insurer?
It may happen that some designers are faced with denial of coverage by insurers. This may be due to the new character of an activity, the specific risks it is likely to generate or the lack of experience of the designer in the sector. We advise them to get closer to their professional organizations, which will most certainly guide them in their research.
Otherwise, when it is a legal requirement of insurance, the company may, in certain cases specified in the Insurance Code, enter the Central Bureau of pricing (BCT). This is an organization set up by the authorities to allow an insured (subject by law to compulsory insurance and can not find an insurer willing to guarantee) to meet its obligation .