Money Tips & Advice

Insurance plays a vital role in today’s business world, whether it is corporate, retail, construction or making a claim. There are insurance brokers that cover these facets of business to protect you from damages or loss. The following types of cover highlight essential forms of protection in regards to business insurance.

Corporate Insurance
Corporate insurance is vital when looking for risk management solutions. Corporate insurance helps to cover the company from potential problems such as insolvency. These are extremely important issues for board members who can be open to further litigation depending on their role in the company’s setbacks. Corporate insurance covers professional indemnity, directors and officers, industrial specialities and risk management. Each of these types of cover protects a business from various potential risks and provides measures to ensure that these threats are avoided.

Retail Insurance
Office and retail insurance focuses on protecting people from accidental damage, extreme weather related incidents, malicious damage to buildings, public and products liability and many more. These can be found in many forms of cover. These include Australian, business, office, retail & shop, franchise, product and liability and transit and cargo insurance. Each form of insurance enables a business to identify the type of cover most relevant to their needs and allows them to implement the most relevant and effective form. Each form is specifically designed to enhance various retail requirements.

Construction Insurance
Construction insurance provides protection for the employer against the construction workers being injured or hurt on site. In addition to this construction insurance covers machinery or other materials against theft, fire and in the event of an accident. Construction insurance covers contract works and liabilities, home warranty, professional indemnity, business pack, owner builders and trades insurance. Again the variations in types of cover provided enable consumers to select the most relevant and required protection most suited to their needs.

Claims
Making a claim can be an extremely tough process, and some insurance companies will do everything to make your life hard when trying to make a claim. There is however some insurance brokers who specify in areas such as problem claims, declined claims, delayed settlement, insurer impasse and claims management. Ensure that when you seek insurance that it covers your exact specifications so that you don’t get caught out by insurance brokers when making a claim.

This broad list of services covers the specific types of business insurance made available to consumers. Ensure that the insurance broker you choose can specifically accommodate your personal or business insurance requirements.

I am a business / commerce student with an interest in the entire business environment and market place.

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Road travel
Keep in mind that you will be driving on the right-hand side of the road in Andorra that is (opposite to the UK). It is a legal requirement for motorists travelling to or transiting in Andorra to carry two red warning triangles which are needed to be placed, in the event of an accident or breakdown, in front of and behind the vehicle. In addition, drivers must have a spare pair of glasses (if needed for driving), a spare wheel, and a full set of spare light bulbs and also the tools to change this items. If you need to leave your vehicle due to an accident or breakdown, or whilst awaiting the arrival of the emergency services, you must wear a reflective jacket. Failure to do so could result in a heavy fine.

In addition, always carry a certificate of insurance with you in case you are stopped by (Policia) police. If you have hired a car and bought insurance, you should be given documentation. If you are using your UK insurance, carry your insurance certificate with you at all times. Keep in mind that this is generally only valid for a stay shorter than three months. If you are staying longer, contact your insurer.
Andorra has stricter drink driving laws than many other countries including the UK and the authorities impose strict penalties, such as heavy fines, loss of license or imprisonment for driving under the influence of alcohol. The advice here is simply not to drink and drive.

Seat belts are required for front seat passengers. No children under the age of ten should be in the front seat and small children must be in an approved child safety seat. Your hire car agency can provide a seat for you just let them know you need one when you reserve the car.

Talking on mobile phones when driving is forbidden but you are allowed to use a completely hands-free unit.
Local laws and customs
Andorra has strict rules on public drunkenness and the possession and use of illegal drugs and applies zero tolerance.

Andorra is not a member of the European Union and purchases of duty free tobacco, liquor and luxury goods are subject to taxes and duties on re-entering European Union countries. France and Spain apply strict rules on the amount of tobacco exported from Andorra for personal use (300 cigarettes/400gms pipe tobacco/75 cigars). Amounts in excess of this can be impounded as can the transporting vehicle.