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Insurance cover for shops and salons

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This week we look at what kind of insurance cover is needed for shops and salons.

As our economy begins to reopen we welcome back retail shops and salons. Hopefully our progress continues and the hospitality and leisure sector can reopen shortly. Here I will outline the covers usually needed for the retail and beauty sectors.

Material damage cover: For buildings, fixtures and fittings, stock, computers, and other assets that your business owns. Covers will include fire, flood, escape of water, theft, and storm among other perils. Cover extensions are available such as fire brigade charges, signage and goods in transit.

Money cover: This is a standard section of all retail policies and up to the outbreak of COVID-19 many retail shops were installing ATM machines on site to assist their cash carrying needs. It is likely we will see a culture change post-pandemic due to reduced cash usage but the extent of this change is not yet known. For now retail shop policies will cover the loss of cash and cheques. The amount of cash covered can be increased depending on safe and security details. Personal assault cover can be included when carrying cash to the bank.

Employers, Public and Products liability: All retail shop insurances include liability cover. Employer’s liability is covered up to a maximum of €13 million and depending on the business description can be based on employee numbers and/or wages. Public liability can be selected within a range of €1.3 million to €6.5 million and covers your legal liability in the event that you are negligent and required to pay compensation for bodily injuries or damage to third party property. Your trade and projected turnover will determine the rate charged. Products liability provides cover if someone is injured by a product that you have sold.

Treatment risk: This cover is crucial for all beauty therapists, hairdressers, barbers and salons. It provides protection in the event that the business is negligent in providing a treatment that is specified under the policy. The limits of cover can be vastly different for treatment risk so it is vital to get expert advice.

Business interruption: Covers consequential loss of gross profits following an insured event such as a fire. It is important to review your gross profits sum insured on an annual basis.

Other covers that can be added include seasonal increases in stock at specified times during the year, loss of licence cover, glass breakage, cyber insurance, personal accident and many more.

Your policy should be tailored to your individual needs, so it pays to get expert advice from professionals who take the time to understand your business.

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Documents for driving abroad in Europe

By John Healy of Healy Insurances As of August 2021, a green card (or international motor insurance card) is no longer required for travel in the European Economic Area. This […]

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By John Healy of Healy Insurances

As of August 2021, a green card (or international motor insurance card) is no longer required for travel in the European Economic Area.

This area includes all the European Union countries plus Iceland, Liechtenstein and Norway. You also don’t need a green card for Andorra, Bosnia and Herzegovina, Serbia and Switzerland.

If you are travelling with your vehicle to the named counties you will still need to bring:

Your certificate of motor insurance
Your vehicle licencing certificate
Your driving licence
Your passport

If you are taking a company owned, hired or borrowed vehicle, you will need a letter of authorisation from the registered owner along with the vehicle licencing certificate.

It is important to check the legal requirements for the country you are driving in. Some EU countries including France will require you to carry the following items:

Reflective jackets for each occupant of the vehicle
Warning triangle
Headlamp beam deflectors
Breathalyser test
Spare bulb kit
First Aid Kit (compulsory in Austria, France and Germany)

It is advisable to have your travel insurance details, European breakdown cover details, health insurance details and your European Health Insurance card in your possession. Travel safe.

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Make your property look as appealing as possible

By Ted Healy of DNG TED HEALY Over the past few weeks we have looked at ways of spring cleaning our homes in preparation for going to the market. The […]

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By Ted Healy of DNG TED HEALY

Over the past few weeks we have looked at ways of spring cleaning our homes in preparation for going to the market. The final step and one of the most important is the kerb appeal of your home.

The exterior of your property is going to attract would-be buyers, it is a simple fact.

So let’s get it looking as well as we possibly can.

Our aim should be to make your property look as appealing as possible, to as many people as possible, ultimately leading to a higher selling price in a quicker timeframe.

Remember that first impressions last. After a long winter, things may not be looking their best in the garden but with the onset of spring and the warm sunny (hopefully) summer evenings, comes the opportunity in presenting our outdoor spaces in the best possible light.

Cut the lawns, brush the driveway, weed the flower beds, get those flower baskets and window boxes out. Lay out the patio furniture.

Do your footpaths/patio areas need a power hose?
How are the rainwater gutters – remove any debris/growth from them.

How’s the paintwork, are there any areas of peeling paint that need touching up?
Perhaps give the front door a lift with a new coat of paint.

Improving how your property looks from the outside is as important as how it feels once you’re inside, yet it often gets overlooked.

Remember our home is our most valuable asset so why not get it looking its very best. We get one chance to make that first impression so make it last, it will pay off.

For anyone considering selling their property or looking for advice on how best to prepare it for sale, contact DNG Ted Healy on 064 6639000 or killarney@dng.ie.

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