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The Difference between Personal and Commercial Van Insurance

Are you a florist, gardener, or landscaper? Do you run a laundry delivery service? Since the van makes movement easier, especially because such businesses require space for the tools and items to be delivered, business owners need to insure them. Unfortunately, for small business owners, the line between a van for business and personal use is usually blurred. If anything, some entrepreneurs opt to use the business vehicle as a personal vehicle as well in a bid to cut costs. However, personal vehicle insurance policies do not cover business use, so a policy that covers multipurpose vehicles is essential. 

Kevin Pratt, in the following article, discusses various types of commercial van insurance, including the benefits of comprehensive coverage. 

Choosing between Comprehensive and Third-Party Van Insurance 

“You might be a plumber or a plasterer, a florist or a fishmonger, but your van is no doubt vital to your business. You therefore need cover in case something goes wrong. If your van was stolen, for example, your business could grind to a halt. Or what if the vehicle was involved in an accident and off the road?

Commercial van insurance is essential to ensure the smooth running of your business. But in these difficult economic times, no one wants to pay over the odds for van insurance – and no one wants to buy inappropriate cover.” Read more here

In Singapore, when seeking coverage for your business van, you will have several policies from which to choose. The third-party policy is usually the cheapest and is the bare minimum insurance required for any vehicle. This policy only covers the injury of another person or their property. Third-party fire and theft policy mean the insurer will compensate you if the van is damaged by fire or if it is stolen. Comprehensive van insurance is the maximum cover, and it covers all kinds of damages. The comprehensive van policy is the best option for all businesses that use the van to run the business. 

In the following article, Thomas White explores van insurance, especially for those who need coverage for business and personal use. 

Things to Consider When Commercial Van Insurance

“Van insurance covers you against all kinds of risks relating to owning and driving a van, in the same way that car insurance protects car drivers and users. Many people mistakenly think that their car insurance policy will cover their van, which is rarely the case. Van insurance can cover you if you end up in an accident, and can also help you repair or replace your vehicle quickly and efficiently to keep your business on the road in the meantime.”  Read more here

When requesting coverage for your business van, you need to discuss every aspect of its usage with the potential insurer. For instance, taking a policy that only covers the van when being used for business means you may not get compensation should you be involved in an accident when running personal errands. If you use the van to carry business tools and equipment, you need to ensure the policy also covers the contents in the van. If you deliver goods and rewards to customers, the policy also needs to cater for such goods. You may also need haulage cover if your drivers cover a long distance to deliver goods or services. 

The following article by gobear discusses business insurance and the importance of being specific when taking out a policy to protect business property. 

Why You Should Consider Commercial Van Insurance before Buying a Van

“All geared up and ready to start your first trip as a Grab driver or to earn some spare cash? Or are you teaming up with some buddies to do some Lalamove gigs? The sheer excitement of being your own boss and deciding how you want to earn your keep is understandable.

But before all that sinks in, have a think about protecting yourself from unexpected situations. On the legal front, you need to have suitable car insurance, which can be either third-party or comprehensive, regardless if you’re driving for yourself, or as a Grab driver, or just picking up some moving jobs on the side.” Read more here

When coming up with a business plan, even as you consider everything you will need, including a van, you need to consider the challenges you will face when seeking insurance if the van you buy has unseen obstacles. For example, when buying a used van, you may need to consider the age of the van. Many insurers have age limits beyond which they cannot offer comprehensive van insurance because the vehicle carries a greater risk. You should also consider the model and even the age of the drivers you hire. 

If you are looking for van insurance in Singapore, visit  https://allegiance.com.sg/commercial-insurance/commercial-vehicle-insurance/ for the best policies!

It may seem an overstretch for an insurance company to dictate certain aspects of your business, such as the age of the van and drivers, but these companies are also taking a risk insuring your van. They have a slot to lose should they cover a vehicle that will be breaking down constantly, or one that is more likely to be involved in an accident because of an inexperienced driver or the van may be too old. Insurance companies also prefer to draw the line between personal and commercial use of business vans. This is why there are policies dedicated to commercial vans that are sometimes used for personal use. 

How Classic Van Insurance Differs from Other Commercial Vans

Businesses with old vans often struggle to get coverage from insurance companies. Most insurers consider older vehicles riskier to cover, particularly when it comes to comprehensive insurance. Many companies offer the bare minimum, third party insurance. This policy limitation gave rise to the insurance of classic vans. Insurance companies that offer classic van coverages have different definitions of classic vans. Some give this coverage to vans that are 20years and above, while others only cover vans that are 25 years or older. 

In the following article by moneyexpert, the author discusses classic van insurance in detail, including factors which influence the cost of insuring classic commercial vans.  

Benefits of Classic Van Insurance Policies

“Reliant Regents, decommissioned milk floats and ice cream vans, psychedelic vehicles best suited to carrying around a rock band or crime-solving teenagers and their dog. Few of us are driving classic vans, but those who do make themselves known – and they’ll need an insurance policy suited to their unusual ride.

But not all “classic vans” are groovy ghost-busting vehicles or eye-catchers. Some are simply older vehicles still on the road and being used for business.” Read more here

Many startups that require a van for movement of goods and equipment cannot afford to get a new van. Most turn to old vans because they are cheaper to buy. Unfortunately, the price difference may be paid in insurance because companies that accept to give comprehensive cover for such vans charge high premiums. Such businesses should instead seek out insurers offering classic commercial vans insurance policies. The rates are usually cheaper than regular policies on older vans. Some companies also offer special coverage to cater for repairs, which are usually high for classic vehicles whose parts are usually hard to find. Other unique provisions in classic van policies include provisions for restoration, races, and exhibitions. 

Mehdi Punjwani, in the next article, discusses the conditions of the various commercial van insurance policies. He also discusses extras that a business can pay for when the van is comprehensively insured. 

Extra Policies to Support Third-Party Van Insurance Covers

“So how do you pick the right business van insurance policy for your needs, and what should you know before you start looking?What is business van insurance?

Business van insurance is a type of insurance policy you can take out for your van if you use it for commercial or business reasons. It generally covers you for everything a standard policy would, but business van insurance can also offer cover where a standard policy wouldn’t apply – for example, if you’re delivering goods as a courier.” Read more here

Although comprehensive van insurance is the ideal option for all vans, both for personal and commercial use, not every van owner can afford the premiums attached to comprehensive van insurance. This is the case with many small startups. Many small business owners may feel compelled to seek the bare minimum, a third-party policy as required by law with the hope of getting comprehensive coverage when business picks up. However, given the limitations of third-party policies, some insurers provide extras which businesses can buy in addition to the third party. Some of the extra policies may include tools in transit, breakdown cover, legal cover, and courtesy van. 

In the next article by trustedchoice, the author discusses commercial vehicle insurance, and what it means when one uses a commercial van for personal errands. 

Significance of Using a Commercial Van for Personal Use

Commercial auto insurance provides protection against both property damage and liability for any vehicle designated for business use. 

Whether you drive a vehicle that is for dedicated business use or drive a personal vehicle for business, it is important to have commercial auto insurance, because your vehicle won’t covered under a personal auto policy. Read more here

It isn’t unusual for business owners to sometimes borrow the company van for personal use, especially when they need a vehicle with sufficient space to transport personal goods. What happens when this van is involved in an accident while on unofficial duties? Will the insurer cover for the damage, or is this breach of contract? Many insurance companies do not take issue about the circumstances surrounding the incident that has led to the claim, as long as authorized personnel were driving the vehicle. However, it is best to discuss this possibility with your insurer so that you can know what to expect when faced with a conflict of this nature when making your claim.  Business owners need to understand what they are signing every time they seek insurance for their vehicles. The age of the van often determines the kind of coverage you will get and the premiums that you will pay. You also need to seek guidance when there are no clear lines between the use of business vehicles for commercial and personal use. 

Is Professional Indemnity Insurance Really Important?

What makes a business succeed? Many will say that having a great business plan, capital, product, and the right marketing strategy is the key to business success. While that is true, you need to keep in mind that some little things can have a profound effect on the success of a business. Professional indemnity insurance is one of them.

Having PI insurance is one of the best ways to protect your business and reputation when legal action is taken against you by a client. Because we live in a time and age where we are bombarded with a lot of information and have to keep up with the trends in our industry, there is a small possibility that we may omit important information, make laughable mistakes, or even worse, send sensitive information to the wrong client.

Even if you are meticulous in the way you run your business, you may still make a mistake, as stress and a few other things may cloud your judgment. If you have PI insurance, you won’t have to worry about any mistakes or omission you are inevitably going to make while running your business because Professional Indemnity will cover the legal defense cost and any compensation that may be required.

The following article by Iproinsure discusses why professional indemnity insurance is very important.

 Why is professional indemnity insurance important?

Professional indemnity insurance can protect your business, and when your business is not only your baby but your livelihood, it makes sense to do just that. Professional Indemnity Insurance (PI) – or Professional Liability insurance as it is sometimes known can cover legal- Read more here.

You likely now know a thing or two about professional indemnity insurance like- why it is important and should be taken seriously, especially by professionals as well as the answers to some important questions about PI insurance. Read the next article carefully to learn what Professional indemnity insurance can and can’t cover.

The following article by Lawsociety sheds light on some benefits of PI insurance and what it can cover.

 Professional Insurance Cover

The Scheme Insurance is arranged on behalf of each practicing member of the Law Society by the Council of the Law Society (the “Council”), according to their statutory powers under section 75A of the Legal Profession Act. The Council negotiates the coverage and policy wordings. Read more here.

You are certainly now abreast with some of the benefits of PI insurance and how it can help protect professionals. You also now know how PI insurance started in the early 1990s, and the amount of cover it provides back in the days and right now. If you are professional and have been procrastinating getting PI insurance, the following article is for you.

The following article by Moneysupermarket sheds light on some eye-opening reasons why you need to get a professional indemnity insurance cover today.

What is professional indemnity insurance?

Whether or not you need professional indemnity insurance depends on the type of work you do and the industry you’re in. It’s normally suited to industries where you offer work, services, or advice to other clients. Read more here.

The above article has shown you some compelling reasons why you need to get professional indemnity insurance as soon as possible. The article also brought to light some easy ways to determine the amount of cover you need and how much it is going to cost you to get PI insurance. Feel free to consult a professional if you still have questions.

Final note  

As a professional, you need to be proactive and ready to do whatever is necessary to protect your business. This may mean everything from getting Pi insurance to following the rules and regulations governing the business realm in the country you are in.

Of course, doing this isn’t going to be easy, as you may have to step out of your comfort zone. But if you are disciplined and you do it anyway, your business is going to soar.

Even more, you will be protected when you or your employee makes a mistake or omit important information or accidentally reveal confidential information.

Everything You Need to Know About Professional Indemnity Insurance in Singapore

As a professional, you will agree that building a large client or customer base isn’t an easy task, as it requires hard work, dedication to excellence, customer support, and a few other things. Even if you can do these things, there is no assurance that your business will grow to a new height and soar.

Because of the ever-changing business terrain, things that are yielding jaw-dropping results right now may stop working overnight. And if you are not abreast with the trends in your industry, your business will suffer.

Presently, many of the top-notch professionals who know what they are doing are opting for Professional indemnity insurance. Although PI insurance is somewhat expensive, especially for top-tier professionals, they still opt for it because of the amazing benefits it offers.

Want to find out how Allegiance’s Professional Indemnity can help your business? If yes, then you should read the next article carefully.

The following article by simplybusiness sheds light on some of the benefits PI insurance offers to professionals.

What is professional indemnity insurance?

Professional indemnity insurance is an important type of business insurance, especially for businesses that give advice or provide a professional service to clients. It can cover compensation claims if a business is sued by a client for making a mistake that leads to financial lossRead more here. 

You likely now know some reasons why PI insurance is a must-have for every professional in Singapore and in every other part of the world. You also now know that PI insurance isn’t compulsory for all professionals. If you just started offering advisory services to businesses or a professional looking to make a name for yourself in your industry and want to learn about the benefits of PI insurance, the next article is for you.

The following article by investopedia unveils some of the benefits of having PI insurance.

Indemnity Insurance

Indemnity insurance is a contractual agreement in which one party guarantees compensation for actual or potential losses or damages sustained by another party. Most commonly, it is an insurance policy designed to protect professionals and business– Read more here.

You likely now know how Indemnity insurance works and the benefits it offers to professionals. You also now know what PI insurance can cover as well as things it can’t cover. If you are new to business and don’t really understand how PI insurance works or want to learn how you can get the most out of it, you are going to benefit from the next article.

The following article by Markeluk is basically a how-to guide to PI insurance.

Professional indemnity insurance explained – a simple guide to PI insurance

Professional indemnity insurance, often referred to as professional liability insurance or PI insurance, covers legal costs and expenses incurred in your defence, as well as any damages or costs that may be awarded if you are alleged to have provided inadequate adviceRead more here.

The above article is indeed a masterpiece and a must-read for every professional in Singapore. The article not only brought to life some of the benefits of PI insurance, but it also shed light on the meaning of some terms used in the PI insurance space as well as the answers to some frequently asked questions about PI insurance.

Final note

To thrive in business, you need to be prepared for the unexpected. Even if things are rosy right now, there is no guarantee that it will stay the same. Things may change for the better or get worse soon.

As a professional, having PI insurance is one of the most effective ways to prepare your business for the challenges you are inevitably going to face as you run your business.

Do well to consult an expert to evaluate your business to determine the level of cover you need and a few other important details.

Let’s exchange carefully

Do not multiply as much money as you can be cheated, Let’s exchange carefully at a major free full-dating site where there are people who have registered as members for more than 1 million people during lunch breaks. 
I’m still on a date. 
Although it was so-called honorific email until yesterday, it suddenly started from today Tamaguchi registered the top page and the main page using website creation software, etc. when registering on dating site without sakura. 
However, there are no losses by expanding the opportunities, there is still no loss for women’s victims, intensive introduction of site capture law , sending mail suddenly to an unknown male has resistance. 
And imitate with onomatopoeia. 
However, in the “first impression”, I praise each other. 
I decided to register for membership.

As much as the number of female registrants is natural, if the favorite site is flat rate system, what kind of approach do you take approach? 
Also in the dating site, the SNS site is a profile, blog, a high-priced site, so it was easy to find a counterparty partner, so even girls, OLs, married women or milfs, as a non-dating site in recent years , A journal often read by a girl, a diary or blog that is open only to the persons that he / she allowed, or a charged site may be losing. 
Although it is a malicious trader, it can be said that he is still conscientious. 
I should feel like I want to protect such a boy. 
Because there are not many people to talk about around,Comments are not accepted.

It will be a bit difficult


It will be a little difficult to use 2 shot chat. 
It means that you can only receive free service for free. 
In fact, the dating site actually uses items that men use, profile clip that appeals themselves in the profile, clearly describing what kind of fellow friend they want, with the man of the shop clerk who met using the dating site I earn extra income above the amount. 
Although the dating site there is a regulation method, it seems whether the same for philosophy of love, but the reverse assistance completely free , is what feels anxiety and “Is it all right really there …”. 
Economic power is important as well, so if the information you want to know clearly is described in this way, is not it okay to think that the free dating site can be used with confidence? 
Hiromi was not seeking a relationship of mistress, but in most cases it is a case that it is connected to a trader.

 
I am an office worker in my late twenties. 
Even though such a cute one, he says that God waiting to find a man who will give me rice is on the rise. 
I was feeling guilty very much … 
However, if the opportunity until the beginning of the reverse aid association act itself is a game, if the other party feels it is fun, since the usage fee can not be changed at all, occasionally by registering on a site far from his personality also different I think that there are times when I will make new discoveries. 
This is the main cherry action. 
There should not be anyone who says “Do not part with my love affair” because they are companions.Comments are not accepted.

December 1st is Opening Day !!


Pershing Park is a small downtown park, convenient to many activities, located at 14th & Pennsylvania Avenues, NW – just look for the glass Kiosk! We are located 3 block from Metro Center (12th & F Street exit), right across the street from the Willard Hotel and the Department of Commerce. The White House is just 2 blocks away, as is the Ellipse, where the National Christmas Tree and Pageant of Peace are located. Parking is limited, so we recommend taking the Metro. There is some paid parking available in the garage under the National Press Building, accessible from 13th Street.Pershing Park Ice Rink is very family oriented, providing a less hectic, safe arena for young, inexperienced skaters. Adults can enjoy wonderful nighttime skating in this intimate, lighted rink, convenient to so many events and activities in the downtown area.We play a variety of music – Pop, Disco, Latin, Golden Oldies, Jazz and Classical.

Due to rink renovations, Pershing Park Ice Rink is currently not open


Pershing Park is a small downtown park, convenient to many activities, located at 14th & Pennsylvania Avenues, NW – just look for the glass Kiosk! We are located 3 blocks from Metro Center (12th & F Street exit), right across the street from the Willard Hotel and the Department of Commerce. The White House is just 2 blocks away, as is the Ellipse, where the National Christmas Tree and Pageant of Peace are located during the Holiday season. Parking is limited, so we recommend taking the Metro. There is some paid parking available in the garage under the National Press Building, accessible from 13th Street.Pershing Park Ice Rink is very family oriented, providing a less hectic, safe arena for young, inexperienced skaters. Adults can enjoy wonderful nighttime skating in this intimate, lighted rink, convenient to so many events and activities in the downtown area.