January 29, 2017
Public liability insurance is something that every business should have in place now for when inevitably accidents happen, and let’s face it, it’s part of running your own business! Having public liability insurance in place will keep your mind at rest, and ensure that you are covered as and when accidents do occur. You can either buy a stand-alone policy for your public liability insurance, or simply purchase it as part of your current business insurance.
What is public liability Insurance?
This insurance protects you and your business when clients or members of the public suffer injury or damage to a belonging that has been caused by your business. The right insurance policy will pay for legal expenses and compensations claims. If your business regularly interacts with customers of members of the public, it can be essential to protect your company.
One of the most common accidents is people slipping or tripping while visiting your business, this can often result in a public liability insurance claim.
Is public liability insurance a legal requirement?
Public liability insurance is currently not compulsory under the UK law; however, some clients may check you are covered when looking at building a contract with you.
What does public liability insurance cover?
By taking out a public liability insurance policy you will be covered for:
- Compensation payments for injuries to members of the public
- Compensation payments for damage to their property or possessions
- Legal expenses connected with representing claim
Do I need public liability Insurance?
If your business is in contact with either the public or your clients on a day-to-day basis, it’s important to have public liability insurance. However, if you’re still unsure and need some advice Bespoke Support Network are here to help. Our business and team of professionals are here to advice and support businesses financially as well as offering other services to maintain your company. Contact us today for more information.
January 19, 2017
Writing a will Is never going to be at the top of your fun things to do on a rainy day, however they are of such high importance when it comes down to things, that it’s best to think about it now rather than later. Your will is a legal document that will tell everyone what happens to your estate and your assets after you pass. If you don’t have a will, it is then decided by the law how your estate is passed on, which might not be in line with your wishes.
The reasons to writing your own will – There are many reasons that are applicable to writing your will. For a start, it is a lot easier on your family and friends. As you can imagine when a close member or friend passes, it isn’t an easy time for anyone, so it’s important to keep their stress levels to a minimum. Without a will at hand, it can be even more stressful and time consuming.
Thinking about the things you want from writing a will and how you might want your assets divided will highlight the fact that without a will, you have no control over this. Without a will the decisions will be left in the hands of the law. Think about how you would feel if your spouse or partner wasn’t to be included in some of the most important decisions. Its puts your mind at rest knowing that those decisions are in your hands.
Another key thing to remember is that a will can help reduce the amount of inheritance tax payable on the value of your assets, that you leave behind.
It’s also important to think of any children or family you may be leaving that financially depend on you, and how it could affect them if you didn’t write a will.
As you can see, there are several reasons to why writing a will is so Important. It may not be a nice thing to think about, but you do need to contemplate it and the effect it could have on your loved ones if you didn’t. If your reading this, unsure on where to start with the whole process, here at BSN we are here to help. We have team of professionals that are only a phone call away, so get in touch today.
January 19, 2017
Last week, Teresa May’s much awaited and anticipated Brexit speech flooded the newspaper headlines. There was such speculation into what was going to happen and what information was going to be revealed about the next steps of Brexit. There was always going to be mixed opinions and views, but what was agreed on throughout was that not much was given away, and not many questions were answered. So, what did we learn? what information have we gained from Theresa may’s speech? And what could this mean for your start up business financially?
The main reveal, was that just as a lot of people had considered; we would be leaving the European single market. What’s that you ask? The European single market is basically a single market that seeks to guarantee, free movement of people, goods, capital and services. The ‘Four freedom’s’. The suggestion that we were going to leave this single market was leaked thoroughly meaning, instead of the news hurting the pound, sterling rose higher…and breathe.
Another decision revealed was that she is also planning to leave the European Customs Area. This arrangement entitles a common tariff on any goods coming from outside that area. She made it clear in her speech that these terms will be renegotiated. As well as this we learnt that parliament will make the final decisions on the Brexit deal. What wasn’t confirmed was the outcome of the decision if parliament disagrees on the deal.
Although we are now on track for a “hard Brexit” we are still very unsure on how we will be trading with Europe, and how we are going to get to the final agreement. She made it clear that she hopes for the free movement of goods and service between Britain and the EU’s member states. How this will work has been left very brief, as there are many concerns to this being possible. After all, if you’re no longer a member of the European single market, how do you still expect to reap all the benefits.
So, what does this all mean for your business? Are you concerned for your start up? Could all this effect you and your business financially? We at BSN are here to help. We have a team of qualified financial experts that can answer all your questions. Contact us today.
January 18, 2017
Over the last 10 years the blogging industry has come on leaps and bounds. It’s no longer just something you use to journal your days, or to write for fun, it is a business tool, that pretty much everyone knows about or uses. It has become a serious industry, and something you can take from being a fun idea to a full-time job in just a couple of years. On the flip side of that, blogging being a marketing tool for a business is a huge craze.
It can improve your ranking on google, your brand awareness among the community, as well as get you engaging with your prospects and current customers.
Furthermore, another positive is that blogging has no limitations, and no set rules. You can pick any topic you want to talk about and post your views in a matter of seconds. It doesn’t just work for one type of business either. No matter who your target market is, or the product or service you are offering, a blog can work for you.
When starting up a business, a blog is a great way to kick start your marketing, and presence on the market. By starting a blog before your products or shop has launched you can create a sense of anticipation and excitement between prospect customers. Creating something to talk about. You can choose the way in which you want to portray your business, in what you write. At the same time people, will get to engage with your morals and culture as a business too.
Starting a blog can be so easy too. It really doesn’t have to be overcomplicated. WordPress, which is currently the biggest blogging platform, defines blogging as ‘an ongoing chronicle of information.’ As a start-up business, if your marketing budget isn’t huge, blogging can also be a great cost effective way of marketing. Just like social media networks, its free to start a blog. Unsure of how to maintain it, or you’re not the best content creator, we can help. At BSN, we can support you with any kind of marketing issues you might have. We have marketing experts at hand, who can run your blog for you, leaving you one less thing to think about. For more information please get in touch.