Irish Construction Insurance
One of the most interesting facts about the Irish Construction industry is that there is no legal requirement for a construction company to hold any from of construction insurance! In fact, the only insurance an Irish contractor is legally obliged to have is basic motor insurance on his/her motor vehicles!
Although there is no legal requirement under Irish law for a contractor to hold adequate Construction Insurance it is extremely important that adequate cover is in place.
One of the most important reasons is the high injury & mortality rate on Irish Construction sites. One major positive of the recent construction boom is the fatality per thousand ratio has fallen in recent years although it is still at an unacceptable level.
For example, in 2001 28% of workplace fatalities were Construction related and the Irish Construction industry is consistently second only to the Irish Agriculture& Forestry Industry.
As many primary contractors require their subcontractors to hold Construction Insurance the reality is that although Construction Insurance is not a legal requirement it is usually a prerequisite to obtaining work on the majority of the countries construction sites so the need for construction insurance is a necessity in everything but law!
Although Construction Insurance is quite a complex field the four main areas of cover are as follows:
* Public Liability Insurance
* Employers Liability Insurance
* Contractors All Risks
* Personal Accident
Public Liability Insurance
Public liability insurance [PL] provides cover in the event that the policyholder is sued by a third party who feels that they have suffered injury or loss as a result of the policyholders negligence (lack of care).
Consider the following examples where Public Liability Insurance will provide cover:
* You run a plumbing company. One day you are called to an office to sort out a problem in their kitchen. Accidentally, you burst a pipe, and flood the office. Your client then makes a claim against you for the damage to their carpet and computer systems which have been damaged by the water.
* You are a building contractor. While walking along scaffolding one of your men drops a piece of equipment which falls to the street, injuring a passing pedestrian. The pedestrian makes a claim against your firm.
Obviously these are very simplified examples and we haven’t discussed the complexities of Products Liability/Liability Law/Duty of Care etc however it should provide a basic understanding of Public Liability Insurance.
Employers Liability Insurance
Employers Liability Insurance [EL] provides cover if any of your employees suffer physical injury or death, and it is proven that as an employer you acted negligently and subsequently could have prevented their loss. If they then decide to pursue you for compensation the insurer will pay the cost of the claim.
Consider the following examples where Employers Liability Insurance will provide cover:
* You run a carpentry company. One of your employees loses a finger while using a chop saw and decides to claim against you for his injury
* You are a scaffolding contractor and are erecting scaffolding around an apartment block. While erecting the scaffolding one of your employees falls and suffers severe bodily injury. He decides to claim against your firm.
Please note that Public & Employers Liability is offered ‘hand in hand’, that is when arranging construction insurance you will need to arrange both Public Liability & Employers Liability Insurance together [Also known as Combined Liability Insurance] as Employers Liability Insurance is not available on a ‘Stand Alone’ basis..
Contractors All Risks Insurance
Contractors All Risks insurance (also known as Contract Works insurance) is an insurance policy specially designed for builders and a number of other trades working at a contract site. Contractors All Risks insurance can include cover for contract works, own plant, hired-in plant and employee’s tools. The main part of the contractors all risks insurance is the contract works section which provides cover for the property being worked on (e.g. new house, etc.). However, cover for the existing property is excluded (e.g. the existing structure when building an extension) and must continue to be insured under its own insurance cover.
Consider the following examples where Contractors All Risks Insurance will provide cover:
* You are a building contractor and are building a house for resale. So far you have spent C200,000 on materials and labour. The property catches fire and is destroyed before it has been completed. * You are groundwork’s contractor and are presently digging foundations for a new housing development. Naturally you leave your excavator on site until the contract is completed however one night your excavator is stolen.
Personal Accident Insurance
Personal Accident Insurance [Also known as Income Protection Insurance] is highly recommended for a sole traders, business partners and company directors as a combined liability policy does not cover any injury caused to a sole trader/business partner while it is extremely difficult for a company director to sue his/her own company. A policy can be tailored to your exact needs and policies include a tax free monthly benefit, a lump sum [capital benefit] and hospital cash.
Consider the following examples where Personal Accident Insurance will provide cover:
* You’re a self employed carpenter with no employees. You cut your hand and are unable to work for eight months. As you have Personal Accident cover you receive a tax free benefit of C1,500 after one month and continue to receive this amount until you return to work.
* Although Personal Accident/Income Protection insurance is no substitute for full time earnings it will provide you with an income if you are unable to earn and it will reduce your financial worries at a time when your recovery should be your number one priority.
Machinery & Plant Insurance
Machinery & Plant Insurance is normally arranged on a case by case basis and provides Accidental Damage Fire & Theft Cover on Machinery. This policy is normally taken by contractors who wish to cover a specific number of items.
Health & Safety Executive
In Ireland the HSE [Health & Safety Executive] have the ultimate authority over Construction Sites and have the ability to close a site if they feel it is a safety hazard. Their primary initiative is the ‘Safe Pass’ – a one day site safety training programme.
Who needs to do Safe Pass awareness training?
Safe Pass is a one-day safety awareness programme aimed at general construction workers, craft workers and “on site” security personnel in the construction industry. The aims of the programme are to:
* raise the standard of safety awareness in the construction industry
* ensure that site personnel after completing the one day awareness programme can make a positive contribution to the prevention of accidents and ill health while working on the site
* maintain a register of personnel who have received training
* provide participants with a FAS Safe Pass registration card, indicating that the holder has attended a formal course in health and safety awareness
Under the Safety Health and Welfare at Work (Construction) Regulations 2006 Safe Pass / Safety Awareness Programmes applies to -
(a) craft and general construction workers,
(b) persons undertaking on-site security work, and
(c) persons or classes of persons as may be prescribed by the Minister.
For more information on Irish Site Safety please visit the website of the Health & Safety Authority hsa.iewww.hsa.ie while for more information relating to Irish Construction Insurance please visit the website of Keystone Insurance keystone.iewww.keystone.ie, Ireland’s premier supplier of Construction Insurance
Watch the video related to insurance
Luke’s real life auto insurance quote came back at 303 dollars a month. Luke got pissed… and put his new webcam to use. (Like all of our stuff, it’s scripted.)
Help answer the question about insurance
What is the type of insurance that covers bodily injury and property damage to others?1: What is the type of insurance that covers bodily injury and property damage to others?
liability
uninsured motorist
comprehensive
collision
2: What is the type of insurance that covers you when you are injured by a hit and run driver?
liability
uninsured motorist
comprehensive
collision
3: Insurance is based on the concept of ________ and __________
profit and loss
risk and loss
risk and return
profit and cars
4: Which type of insurance is usually required if you finance your car purchase?
Medical Payment Insurance
Towing Insurance
Rental Insurance
Collision and Comprehensive Insurance
5: Which of the following is not a way that a teenager can save money on insurance?
Getting on his or her parents' policy
Getting good grades
Driving penalties
Driver experience
6: Accidents that must be reported are ?
those that caused minor damage or harm
those that have been fatal
all accidents.
About Author
« How to Collect on Lost Life Insurance Policies | Home | American Life Insurance-one of the Most Trusted Company »
Comments
I’m about to turn 19, i have a perfect driving record, driving school, and ‘good grades’ ( i get a discount, and I drive a pathetic ’96 mazda protege, as a secondary driver
and i pay a mother fuckin 309 with state farm
this video was amazing.
insurance tips :
http://insurance6.cn
I have seen many people on here say that you are automatically covered when your parents have full coverage, including insurance agents. This is not true of all companies. Call your insurance carrier and ask. It is a lot easier than finding out after an accident that you are not covered.
"People are buying insurance products regardless of economic conditions.The insurance industry and large-cap consumer staples companies also tend to pay meaningful dividends — and steadily raise them — enhancing their overall quality and appeal. Dividend income is always welcomed by consumers, especially so in choppy markets when you're effectively paid to wait until the turmoil subsides.To answer your question if is a good time to sell in U.S.i say it is! not only in U.S. but also in Europe.
Do you want to start an insurance company or an insurance agency? There is a difference. I'm guessing you want to start an agency because if you had the millions of dollars needed to start an insurance company you'd have the knowledge already or at least the money to hire someone who knew.
For an agency you'll need E & O insurance. Also, depending on your situation you'll need a business general liability and property coverage. You'll need business auto or at least a business classification on your auto insurance if you have vehicles. If you hire someone you'll need workman's comp and possibly health insurance, disability, etc. for the employees.
it isnt the 50s… majority of women work now, i.e. drive
unemployment rates prolly show men have fewer jobs, meaning more women drivers on the road which would explain the surplus of videos/images/stories of bad female driving….
i think its just more of a numbers thing: more women drivers than men = more stories of women having accidents than men
I didn't study for this test (haha)
1-Liability
2-Uninsured motorist if you were a pedestrian
Collision if it's a hit&run in your car
3-Risk & Loss
4-Comp & Collision
5-Driving penalties
6-All of them
driving for 7 years now been in 1 accident where a older man merged onto my lane cus he was on his cell phone.
My mom, on the other hand has been in 4, lol my dad in 2, my wife in 3
on top of that, i race all the f-ing time in my lincoln LS xD
I think you should go to the local building department (city or county) and apply for as built permits for these unpermitted structures. Although costly, it's better than Code Enforcement coming by, realizing that those additions/properties are unpermitted and going to court, seeking an injunction to have you (1) obtain as-built permits or (2) having them torn down.
It is more expensive to have Code Enforcement come in and seek relief from the courts (assuming you don't comply and apply for as built permits) because you may have to pay their attorneys' fees when they win.
I believe you apply for as built permits from the Building Department in the city. Make sure you're in the incorporated portion of the city, otherwise you'll have to go to the County Building Department.
Also, if the bank didn't know that these additions were unpermitted, you wouldn't have an recourse. Most foreclosures are sold as is and requires buyer's diligence. A title insurance policy may or may not disclose unpermitted additions (depends on the wording of the policy). As I recall, a title insurance policy only guarantees that you have marketable title to the property.
lol
wow ur so cool
this is hilarious. u no wat they say about people with big feet dontcha tim? they hav big penises
? no theyre great drivers….. nice try tho pervert
Search “Auto Insurance” on Krustbox (dot) com
hes got to be lying or had lawyer take his tickets to court and won!
tickets are sent to the states motor vechicle division, thats how they find out about your tickets!
TC GL
Reagan warned of obama and his kind, and I'm not referring to his race, He is a socialist, and health care is his door opener.
http://www.youtube.com/watch?v=fRdLpem-AAs
Please forward this video to all who question the "acting" president's agenda!!!!!
Some group policies at work do not care about preexisting conditions.
Some do. It is usually the private ones, not work connected that
up the rates. Probably something to do with—- if you can work, then
you probably are not too sick, or disabled, so you can be insured.
If it is a dependent child, would you need to take insurance for you
as well as the child, and what is the waiting period.
Work insurance takes a while to go into effect. You may have a rider
or whatever it is called, that will exclude treatment, or make you wait
so long to have insurance, or treatment for the preexisting condition.
I don't know for sure, you could find out some how who the employer
or potential employer uses and check it out on line or by calling the company.
I just read everything I can and things have been going great for me financially.. personally is another story but whatever.. check out this free newsletter for example.. authoropen . com
Leave a Comment