Risk Management

Insurance Implications and Modes of Advertisement

by

Andy 2

For health Insurance Dubai holds some extravagant value for those who are seeking to get insurance on health perspectives. This form of insurance is slightly different from the conservative style of insurance mainly due to the fact that health insurance is a product of just a couple of years and still in the phase of development. In this form of insurance the client approaches the company who provides health insurance and tells the particulars and details of those he wants to get insured.

Normally this trend of health insurance in prevalent in the companies due to just one single factor. The factor is that the companies are normally liable to pay the medical expenses of their employees and household due to the reason of inclusion of this statement in the offer or employment letter of the employees which details several other perks and advantages to be given to the employee. In the recent past, the company would be unable to predict the amount or expense to be incurred in respect of paying or reimbursing the employees.

Further the amount of expense can be much higher in some years and the company profits are reduced without any reason relating to the efficiency of operations. This means that even if the company is performing well and in the best way but still its profit is dependent and sensitive to the amount of medical reimbursement expense. The solution to this problem for the companies came in the form of health insurance of their employees and dependents. This means that the company has to incur only a fixed and predetermined amount of expense in the form of insurance premium which in needed to be given at the start of the year. This amount of insurance can be paid in a lump sum amount or may be paid in installments depending upon the understanding and terms and conditions with the insurance company.

There are some ailments that are not considered for insurance purposes and thus the expenses incurred in curing them are not covered and therefore are not reimbursed by the insurance companies. These ailments are fall into two categories. First, the ailments which exist at the time the person acquire insurance like heart diseases which are existing in the person at the time he or she applies for the insurance. Further some other forms of medical expense that are normally not covered are those which are developed as are required like pregnancy.

In this era of extreme competition and rivalry, companies are more and more adopting ways of getting themselves acknowledged in wider society. On such way of promoting its name is by obtaining sports sponsorship. In this mode of marketing and advertisement the company associates itself with a well recognized sports complex or board of any sport which may be cricked foot ball and several other form of sports. By paying a certain sum of money annually and after entering into an agreement with the sports board or the sports organization the company s name is projected at all places in an equal and prominent position where ever there is the appearance of the sport organization name. This form of advertisement has been considered as generating the maximum amount of recognition among the mass at large.

Andy Robert is a reputed insurance agent and has been working in the Insurance industry for the last six years. He has worked as a consultant with a number of reputed financial institutions and Dubai insurance companies. Currently he is working with

Al Nabooda Insurance Brokers LLC

. Having extensive experience in Financial Planning, vehicle insurance & specially

Medical insurance

and all the latest development in Insurance industry trends.

Article Source:

ArticleRich.com

Submitted by: Stanley Headley

There are many considerations and factors to be taken into account when choosing taxi insurance. Different insurance options are widely available to help ensure all of your insurance needs are met.

The age and value of your taxi may help you decide which type of taxi insurance to opt for. It may be a better option for older vehicles, with a value less than the cost of annual Comprehensive insurance, to be covered by a Third Party policy. This will be considerably cheaper as you will be covered for costs caused by you to other vehicles only. The cost of any repair damage to your vehicle will not be covered if you caused the accident, neither will you receive any money if your vehicle is a write off . The other parties insurance will pay for repairs if the damage was caused by their insured driver.

Third Party Fire and Theft insurance is the next cheapest option. This provides you with the same cover as Third Party Only insurance with the added bonus of being covered in case of fire or theft. Again, this type of taxi insurance is more suitable for older taxis.

Comprehensive insurance is recommended for vehicles which have a greater value than the annual insurance premiums. Comprehensive insurance covers the cost of repairs as well as the market value of your taxi. New vehicles may choose to have additional GAP protection which provides the price difference in costs between the insurer s payout and the amount needed to purchase a new vehicle of the same engine size. GAP protection is an additional payment; it is advisable to ask for details of this from the insurance company.

Other additional flexible taxi insurance includes Public Liability, Employer s Liability, Local Authority liability, breakdown and roadside assistance, windscreens as well as legal expenses and insurance against personal damages.

The variations in qualifying criteria differ between different insurance companies, so it is best to discuss all options with the insurers or insurance brokers to get the best deal possible.

There are also a number of other factors which may help to reduce the cost of your insurance. Drivers over the age of 21 or 25, depending on the insurance company, are offered discounts on their premiums as they are considered to be less of a risk.

No Claims Discounts can have a huge impact on the amount of insurance you have to pay. Drivers who have a history of no claims will be offered discounts which can in some cases reduce the cost of their insurance by over 50%. New taxi drivers with a no claims discount earned on private cars can also be rewarded with generous discounts.

Many insurers are offering the choice of short term policies such as weekly, monthly or quarterly for specific post codes within the UK. While other insurers have monthly repayment options on comprehensive insurance policies to help spread the cost.

All taxi insurance has an excess of around 250, to help lower the cost of insurance further it may be possible to increase the amount of the excess. This may lower the premiums; however it may not be a cost effective saving if you need to make a claim on an older vehicle.

About the Author: At Staveley Head, we provide

taxi insurance

designed to meet your coverage requirements and at affordable rates.

Source:

isnare.com

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