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CONTINGENCY PLAN?

Only for UK Tier 1 (Entrepreneur) points system. This route is now closed to new applicants.

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sherjil_kh
Newly Registered
Posts: 27
Joined: Fri Apr 11, 2014 8:39 pm

CONTINGENCY PLAN?

Post by sherjil_kh » Fri Apr 25, 2014 7:12 pm

any one can explain about
1---"CONTINGENCY PLAN?
whts the difference between business insurance and liability insurance?
thnks

maqeelk84
Junior Member
Posts: 75
Joined: Sun Sep 15, 2013 2:39 pm
Location: London

Re: CONTINGENCY PLAN?

Post by maqeelk84 » Sat Apr 26, 2014 8:31 am

Contingency means what will you do in worst situations? like how do you manage fund to keep your business smooth
there is no business insurance. in business you need insurances most of the time. professional indemnity insurance means if your business do some loss to your clients, your insurance will cover because you are new in business most chances you will do mistakes....
second is public liability insurance, its for those if you someone get injured or suffered of your business. they will get compensation
there is one more insurance called employer liability insurance. its for those if you have employees and they get injured or ILL this insurance will cover those areas....

sherjil_kh
Newly Registered
Posts: 27
Joined: Fri Apr 11, 2014 8:39 pm

Re: CONTINGENCY PLAN?

Post by sherjil_kh » Sat Apr 26, 2014 11:29 am

thanks

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