DWF commercial firm oppose proposals by the Scottish Law Commission (SLC) to extend the time limit on personal injury claims from three to five years. The reforms are intended to help those bringing claims for occupational diseases including asbestosis and mesothelioma, but Simon Denyer, DWF insurance partner, says “they are out of kilter with other developments which will have the effect of speeding up cases”.

The English Government has drawn up plans to speed up the settlement of personal injury claims. Under the new proposals, lawyers will have five days after being contacted by a claimant in which to notify insurers of a potential claim. Insurers will have 15 days in the case of a motor claim and 30 days for a workplace or public liability claim, to decide whether or not they are going to settle.

The insurance brokerage and risk management consultancy Marsh warned that many London businesses could be under-prepared for a terrorist attack. In a recent survey the firm questioned delegates from medium-sized to large companies located in the Greater London Area, who were attending a conference on the threat of terrorism.

In the survey, one-third of the delegates from medium-sized to large companies did not have emergency response, crisis management and business recovery plan integrated within their business continuity management framework, or risk management strategy. “We urge all London businesses to review their BCM plans and processes to ensure they are equipped to respond to a terrorist incident,” says Antony Ketteridge, a business risk consultant at Marsh.

Cars and other transportation equipment used in transporting supplies or products or visiting customers is not covered by the Business Owner’s Policy. A separate policy for automobile insurance will protect you from accidents that may occur while you’re on business. Likewise, A BOP doesn’t include workers compensation, health or disability insurance.

In-home business policies may pay for the income you lose for temporary business interruption. In the event your home is so badly damaged by a fire or other disaster that it can’t be used for a while, they may also pay for the extra expense of operating out of a temporary location. This is in addition to protection of your business property.

More than a homeowners policy endorsement, an in-home business policy provides more comprehensive coverage for business equipment and liability. Termed as in-home business endorsements, these policies vary significantly depending on the insurer. Some policies even reimburse you for the loss of important papers and records, accounts receivable and off-site business property.

In case you may need to coverage for business equipment such as computers, you may add a simple endorsement to your existing homeowners policy to double your standard. Another option is to buy a homeowners liability endorsement. This covers accident s of people who accidentally gets hurt on your premises, and sue you for failure to keep your place in a safe condition.

A professional working out of your home needs professional liability insurance. Inn-home businesses that make or sell food products or those that sell home-made personal care products might have to buy special policies. A business have basic choice depending on the nature of your business and the insurance company you buy it from.

Getting enough insurance to protect your business equipment and your home as well is important for those running a home based business. You have to have enough insurance policy to cover business property, liability and lost income. Shop wisely for coverage options and price as insurance companies consider the type of operation they will cover under various options.