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Why is Marine Insurance so Important?

Why is Marine Insurance so Important?

As the present business global scenario goes, businesses need to send overseas freights to distant lands. While a vast majority of the marine shipments reach their destination safely on time almost always, those always carry an inherent risk. Although a small part of marine shipments suffers from losses due to damage, fire, natural calamities, and theft, the amount of loss could adversely hurt the business and in extreme cases that may force the business to close down. Such a situation should always be avoided at all costs.

Learn more about the various marine insurance coverages in Singapore here:

Unfortunately, most exporters and importers have the wrong notion that the freight carrier will cover the loss or damage to the shipments. Unfortunately, this is not so in reality and, therefore, one must obtain marine insurance coverage to safeguard the business from incurring such heavy losses. While the shipping companies must have minimum marine insurance under the provisions of the United States and international laws, those are hardly sufficient. All these necessitate the need to buy insurance for ocean freights.

This article by Dedola explain the importance of Marine insurance and why you need it.

Marine Insurance and why your Shipments need it

For homeowners and drivers alike, insurance is necessary to protect you and others. But when it comes to international trade, not all importers realize the importance of marine insurance (otherwise known as cargo insurance). It protects you from damage, theft, or loss while in transit. In case you’ve never considered this before, here’s what you need to know. Read more here!

Marine Insurance: Know different types

Marine insurance means the insurance of goods sent from the country where the goods originated to the country where it has to reach. Initially, the term marine insurance meant the goods that were transported by sea for international trading. However, it has a broad meaning and now applies to all transportation modes of transportation. Even the insurance coverage of the goods transshipped by air is called marine cargo insurance.

It is often compulsory and could be the obligation of the exporter or the importer to pay for the same, depending on the contractual terms. However, the need for insurance is above all obligations, because it keeps the business protected against unforeseen losses. Marine insurance could be of several types: Hull Insurance, Machinery Insurance, Protection and indemnity insurance, Liability insurance, Freight, Demurrage & Defense insurance, Freight Insurance, and Marine cargo insurance.

Hull insurance covers the hull of the vehicle. Freight insurance covers the loss of freight due to transit damages.  Liability insurance covers a ship crash or collision and Marine cargo insurance covers the goods dispatched.

This article by highlights the Marin insurance types, coverage and cost of each one.

Marine Insurance Policy: Type and Process

Marine insurance provides compensation in case of uneventful collateral damage to the consignment during transit. In addition to that, it covers the goods and cargo the ship is conveying. Hence, cargo insurance is a category under marine insurance. Further, it covers marine casualty, marine insurance, and hull vandalism. Thereby, irrespective of the purpose of the ship, it is necessary to incur marine insurance policy. Read more here!

Marine Insurance: Inclusions and Exclusions

Marine insurance has become a common term in the business world. It offers a multitude of coverage for export, import, and transport of cargo from the point of origin to the point of destination.  Different types of marine insurance offer different coverage and they are widely popular. It is a comprehensive policy and available customized formats taking care of legal and contractual requirements for export and import.

A majority of the exporters and importers mistakenly think that marine incurrence covers everything. They fall prey to the jargon of language and ads. But the reality is quite different. As it happens in the cases of other categories of insurance coverage, the insurance providers do whatever they can to wriggle out of claim settlement. So one needs to be sure to examine the proposal and other documents to find out what the policy covers and what it does not. Loss in weight due to evaporation is excluded. Knowing these will save one from harassment.

This article by Shippo explains about the Marine inclusions and exclusions in detail.

Do I Need Marine Insurance… is it included?

Something we urge all of our customers to think about is marine cargo insurance. This covers you for a lot of the things that could potentially go wrong while your goods are on the water. Marine insurance is fairly economical, usually costing our customers around £35-£50. Many of our customers think of marine insurance as an unnecessary expenditure, but they may not be informed about the risks associated with shipping by sea freight. Read more here!

Pubic Liability Insurance: Reasons Why You Need it

Pubic Liability Insurance: Reasons Why You Need it

The business environment in Singapore is ever-changing. But some things haven’t changed. One of them is risk. You see, running a business in Singapore is risky because of unexpected and unfortunate events like an accident during your business.

The best and likely the most effective way to protect your business from legal and physical damage is by insuring your business. Presently, there are different types of insurance for businesses. Each of them is unique and has specific things they protect against. But which will be best for your business?

A survey that was conducted a while back shows that many businesses in Singapore are opting insurance such as Public liability insurance. Want to find out why? If yes, I suggest you read this article carefully, as we will be taking a close look at Public liability insurance to learn what it is all about, and how small and medium-sized businesses can get the most out of it.

The following article by Aviva explains why businesses in Singapore in Insurance.

What is business insurance and why you need it

In an ever-evolving business environment, insurance coverage can protect businesses against unexpected events so owners have the confidence to keep moving forward no matter what happens. Here’s how it works. Read more here.

You are likely now abreast with some compelling reasons why businesses in Singapore need to have some sort of insurance. You also now know why the future of businesses without insurance is uncertain. But do you know how much it will cost to have one of the most important insurance for small and medium-sized businesses in Singapore?

This article by Bizcover sheds light on the cost of opting for one of the most popular types of insurance in Singapore.

How much does Public Liability Insurance cost?

On average, small business owners can expect to pay around $80.75 per month for Public Liability insurance. Public Liability Insurance is one of the most popular types of insurance for businesses. In fact, it is essential for almost every kind of business from those that operate in the Read more here.

You surely now have an idea of how much it will cost you to opt for Public Liability insurance. You also now know some factors like turn over, the size of your business, number of employees, and location, just to mention a few. But do you know that there are other types of insurance you need to have aside from Public liability insurance?

This article by Employee Benefits unveils some important type of insurance you probably don’t know about.


As a small business owner, you’ve probably spent a lot of time and energy launching your company and cultivating its growth. There are so many things to manage, and the last thing on your mind is probably insurance! Read more here.

You are likely now abreast with some 9 types of insurance like property insurance, workers compensation, marine cargo insurance, professional liability insurance, and cyber liability insurance, and many more that small businesses should have. Yes, all of them are great and can go a long way in protecting a business. Before opting for any of them, it is important that you first consider the risks that your business is constantly exposed to, and choose the one that can protect against it.

Final note

Whether you own a small company or a large enterprise, you must insure your business against the risks and uncertainties that are inevitably going to spring up as you run your business.

As you probably know, there are different types of insurance out there. No doubt, all of them are great, but some of them may not add much value to your business.

 For example, opting for marine cargo insurance when you own a restaurant business isn’t going to do you any good. The obvious reason for this is that you don’t import or export goods. Opting for Public Liability insurance, on the other hand, is a better option, as it can help cover the cost of any accident that occurs in your business area.

How Businesses in Singapore are Leveraging Public Liability Insurance for Protection

How Businesses in Singapore are Leveraging Public Liability Insurance for Protection

Thinking about starting a business in Singapore? If yes, then you need to prepare for the unexpected. The obvious reason for this is that nothing is 100% certain, a disaster or an accident can happen in your office or on your business premises at any time.

 If you aren’t prepared, you may end up spending your revenue from your business to cover the cost incurred by the unexpected event. Trust me; you don’t want to be unprepared.

But do you know that there is a way you can protect your business from the damages that are inevitably going to rise as you carry out your business activities? It is through public liability insurance. But what exactly is it? How does it work? What does it cover? What determines its costs? Want to find answers to these questions? If yes, find out more here

This article by Kent Thune explains how public liability insurance works and how you can get the most out it.

Public Liability Insurance: Cost, Coverage & Quotes

Public liability insurance (PLI) covers claims arising from injury or property damage suffered by a member of the public on your premises or other locations where you work. Most United States businesses can get the same coverage in their commercial general liability policy. Read more here.

You likely now know  that pubic liability insurance protects against everything from bodily injury and legal expenses to property damage. You also now know that it doesn’t cover errors and omissions, advertising, personal and employee injuries, and a lot more. But do you know how massive businesses like Foodpanda and Deliveroo are using it to protect their business? If no, read the next article carefully.

The following article by Toh Ting Wei sheds light on how big businesses in Singapore are using third-party liability insurance to protect their business.

Foodpanda looking into third-party liability insurance, Deliveroo and Grab riders already covered

SINGAPORE – Pedestrians are now better placed to claim for damages should they get into an accident involving riders from the three major food delivery services in Singapore. Deliveroo and Grab have already taken up third-party liability insurance for their riders, Read more here.

You likely now know how established businesses like Deliveroo, grab, and a few other big names in Singapore’s business space are leveraging third-party liability insurance. You also now know that it is probably going to be mandatory for businesses in the food delivery industry to opt for public liability insurance.

This article by Bizcover shares on how much it is likely going to cost you to have public liability insurance.

How much does Public Liability Insurance cost?

On average, small business owners can expect to pay around $80.75 per month for Public Liability insurance. Public Liability Insurance is one of the most popular types of insurance for businesses. In fact, it is essential for almost every kind of business from those that operate in the trades and service. Read more here.

You likely now know that it is going to cost you around 80 to 100 dollars per month if you own small businesses. Keep in mind, that that amount may increase or decrease depending on factors like- the nature and type of your business, the size of your business, the location of your business, and a few other things

Final note

Public liability insurance is a must-have for small, medium sized and large businesses in Singapore, especially those that come in contact with clients or customers regularly.

Before opting for it, it is wise that you learn about what it covers and doesn’t cover, its requirements and pricing, and lots more.

If you happen to have a question or aren’t really sure about anything, promptly consult an expert. Trust me; they will be more than happy to help you out.

Best Types of Public Liability Insurance for Small Business Owners in Singapore

Best Types of Public Liability Insurance for Small Business Owners in Singapore

If you own a small business, you may assume that you don’t need public liability insurance. The reason for this may be because you don’t make a lot of deliveries or because you have a small customer base. If you think like this, you are going to land into serious trouble or something. Don’t believe me. Now think about this- Imagine that a client trips or falls and have a serious injury during his visit to your office. Imagine that a cup of hot coffee spills over your client’s computer. If you don’t have public liability insurance coverage, you may end up paying thousands of precious dollars to cover for damages. This could hurt your business in the long run.

Do you still think a small business doesn’t need public liability insurance? Pat yourself on the back if you answered no because you are 100% correct. 

This article by Newtek sheds light on 13 types of insurance small business owners in Singapore should have.

13 Types of Insurance a Small Business Owner Should Have

1. General Liability Insurance: Every business, even if home-based, needs to have liability insurance. The policy provides both defense and damages if you, your employees or your products or services cause or are alleged to have caused Bodily Injury or Property Damage to a third party. Read more here.

You likely now know some thirteen types of insurance small business owners need to consider opting for, like General Liability, Property insurance, Business owner’s policy (BOP), commercial auto insurance and worker’s compensation insurance, just to mention a few. See, you don’t have to opt for all of them just because you want to protect your business. Instead, pick the ones that best address the risks associated with your business.

The following article by Wikipedia talks about one of the best types of insurance business owners that have constant contact with customers like restaurant need to have.

Liability insurance

You likely now understand how public liability insurance works, the various types that are available, and what they can protect against. You also now know some strategic ways to get the most of it and some important things to consider before opting for it. Read more here.

You likely now understand how public liability insurance works, the various types that are available, and what they can protect against. You also now know some strategic ways to get the most of it, and some important things to consider before opting for it. But do you know the difference between liability and public liability?

This article by Sean Ross explains the difference between public liability and liability.

Are Liability and Public Liability Different?

When you see the term “public liability” attached to a business, its products or its services, it refers to a specific type of legal liability that could result from injury to a member of the public while on company premises. Read more here.

You likely now know a whole lot about pubic liability and liability. You also now know what set it apart. Regardless of the nature of your business, you need to keep in mind that you need to have insurance. Of course, you have the freedom to opt for anyone, but before making a final decision, it is wise that you first consult an expert.

Final note

The risks associated with running a business are many. While some are avoidable, others cannot be helped. Before they occur, you must take steps to prepare your business by opting for public liability insurance.

Ignore this, and you may end up paying a small fortune when an accident occurs in your business area or office. 

 As you likely know, public liability insurance has terms, conditions, and policies. Make sure you learn as much as you can about it before making a final decision.

Best Food Items to Relieve Your Joint Aches

Best Food Items to Relieve Your Joint Aches

You could be already taking medicines for your joint pain – either over-the-counter or prescription to relieve joint aches as well as inflammation and stiffness. Many studies have, however, revealed that certain supplements, spices, and foods can help apart from regular treatments and medicines.

Alternatively, you can look for joint support products such as PIP Elekiban Support. If you are having knee support issues, you can consider knee support products such as PIP Elekiban Knee Support. Check out Knee Support Singapore for more information.

Check out the recommendations of the experts on the diets to have.

1. Green tea
It is one of the world’s most widely used beverages. Green tea’s positive health benefits have been a subject of many studies. It has polyphenolic compounds that have anti-inflammatory feature and is known to complement the nutritional therapy effectively.

2. Herbs and spices
Ginger and turmeric are spices acknowledged worldwide for their anti-inflammatory properties. These spices are frequently used in Indian dishes. In fact, turmeric finds its uses in traditional Asian medicines due to its anti-inflammatory benefits.

3. Cruciferous vegetables
Apart from the intake of other vegetables an affected person should make an effort to consume half a cup of cruciferous vegetables on a regular basis. These include kale, sprouts, Brussels, cauliflower, or broccoli. Many nutritionists feel they are powerhouses of different kinds of nutrients like fiber, vitamins, and antioxidants. A group of researchers from Maryland made a study of an antioxidant compound called sulforaphane in 2005 discovered in cruciferous veggies. They also discovered that the compound can block an enzyme, which triggers inflammation and joint aches. Apart from helping patients suffering from arthritis, they are also useful for athletes putting a lot of stress on their joints.

4. Fish oil
Fish oils have many associated benefits as they are a rich source of omega-3 fatty acid. Many studies conducted on consumption of fish oil demonstrate that there are anti-inflammatory properties that are especially useful to relieve joint pain. Fish oil can be found in cold-water fish like sardines, trout, and wild salmon. Natural sources of vegetarian and vegan food include organic soybeans, chia seeds, and flax seed.

5. Mediterranean diet
Several studies have inferred that a Mediterranean diet has different kinds of health benefits. In fact, some of them have overlapping attributes with nonsteroidal anti-inflammatory drugs.
People suffering from joint pain and arthritis should avoid these foods
Refined grains and sugars like white bread, pasta and rice should be avoided as much as possible if a person wants to get relief from joint inflammation or reduce it.

In case you have a feeling that despite being careful about your eating habits, you are succumbing to diet-related joint aches; it is time to consult a doctor as soon as possible. Alternatively, you can look for joint support products like the one we have mentioned at the top.

Why you need visitor management systems

Why you need visitor management systems

Why you need visitor management systems

Organizations have people going in and leaving all the time. They include employees and visitors. If you have a system set up to identify employees, it is vital to have records of visitors as well. Having a record of visitors helps you to keep track of the company’s productivity and ensure security is observed. Some companies use a visitor’s book or sheets of paper to record the movement of visitors into the premises. However, it is difficult to follow up on visits since these easily get lost. The safest way to have a record of the visitors to your company is with the use of visitor management systems.

If you are looking to protect your institutions from such troublesome behavior, you should consider ATT Systems Group. They offer not only an integrated Visitor Management System, but also advise on how to run it. Check out their ATT Systems Visitor Management today.

In this article in, the author discusses the benefits of using a visitor management system.

Importance of investing in visitor management systems

“How many visitors are in your office right now? How many did you have yesterday? What about on August 27, 2016? You probably struggled to answer at least that last question, if not the one before. And if you could answer them at all, you likely had to pull out the binder that holds your visitor sign-in sheets or find the old Excel spreadsheet in your shared drive and manually count the entries.” Read more here

Visitors can quickly turn into paying clients depending on the kind of reception they find at your premises. They want to feel valued and protected. Having their names displayed for future visitors may discourage them from giving their real names or even returning. Once they feel their privacy is respected, they may trust you enough to do business with you. Having records you can easily extract also means you will be able to refer to visitors by their names without asking them to introduce themselves every time they visit your office.

In this article in, the author talks about electronic visitor management systems.

What to expect from an electronic visitor management system

“Electronic visitor management systems are used to sign-in and track visitors who come to visit your facility. Electronic visitor management systems are an electronic version of the visitor sign-in sheet or visitor log book that is commonly used at many facilities. Electronic visitor management systems make the visitor sign-in process more efficient and provide an improved ability to track visitors.” Read more here

The electronic visitor management system gives you flexibility on the information you would like to capture. When visitors use manual systems when signing in, they are restricted to using their names, ID numbers, and signatures. The electronic system gives the option to include photos, barcode scanners, card scanners or personalized visitor badges. This system allows you to have a record of every visitor, duration of stay, and frequency of visits.

In this article, Paul Kazlauskas discusses the security benefits of using electronic visitor management systems.


How electronic visitor management system boosts security

Electronic Visitor Management Systems (VMS) are an electronic version of the visitor sign-in sheet (or visitor log book) used in buildings for years and are being implemented more frequently in the business world. While more expensive than a traditional log book, the VMS offers a more efficient and full-proof sign-in process.” Read more here

Accidents have been known to occur in buildings sometimes. It would be irresponsible of you not to know how many people are in your building at any given time. It may be easier to tell how many employees are in the building because of the systems set up to monitor the movements of employees. However, not being able to account for the visitors is risky. You are responsible for every individual in your business premises. One way of taking responsibility is by having an electronic visitor management system.

Having a visitor management system shows your clients that you are embracing technology as a company. Some visitors are easily impressed by the set-up of a business from the moment they walk in. This could give you the conversion you need, from one being a visitor to becoming a client. The electronic visitor management system allows you to develop a personalized relationship with the visitors to your building. You also get to collect records which may be used in case security issues arise. If one of the visitors to your premises is linked to some offenses, you will be able to retrace the person’s steps and evaluate the visitation patterns.

Keep your Premiums up to Date

Keep your Premiums up to Date

Forgetting to pay for a service that is due for a renewal can cause financial stress down the line. For instance, if your premiums are not paid on time, you can lose out in case of an emergency. Most insurance providers ping their clients with a reminder, but in case you do not get the reminder in time, keep a diary so that you are not caught on the wrong foot. In the case of professional indemnity insurance for a small or big business, it is vital to pay the premiums on time.

You never know who can slap you with a claim, leaving you and the business vulnerable and open to a lousy rep and financial ruin. It does take time to get the policy right, and while the premiums can get high, it is advantageous to renew them in time. An attitude of ‘this may not happen to me so why pay for something that is unnecessary’ is so wrong, because you just never know what is lurking out there. By keeping your eye on the ball, you will be prepared for any bad press, which is essential today. 

A professional indemnity insurance policy keeps the business in check from prospective claims, should they arise. Quite a number of people make it their business to file claims against a firm because of a number of reasons. Instead of finding yourself or the business in the line of fire, it is better to stay on point. Breach of contract or improper advice by a service provider to a client is a cause where the individual or business can file a claim. Aside from the fact that the damages may hit the ceiling, running from pillar to post to get suitable counsel can take a lot out of you.

Being prudent with keeping your business taken care of with the right insurance policy as detailed on the website will keep you free from facing crazy economic losses. Naturally, one may say that if the advice given was good advice, why worry about a lawsuit? Many businesses have faced the wrath of employees who have filed cases against them for a variety of reasons. This opens the doors to an out-of-court settlement so that the firm does not have to deal with unnecessary negative publicity. With the right insurance cover in place, the business can protect itself without going south.professional_indemnity_insurance_main_banner_1_v2