Insurance policies come in two categories: those that are optional for the customer and those that are compulsory. Optional insurance policies include the likes of contents insurance and plant cover insurance, whilst compulsory insurance policies cover the likes of motor insurance and employer’s liability insurance. With thousands upon thousands of insurance policies now covering everything from your body to multi-birth situations, there are many you may not have heard about before. In this blog post, we’ll be delving into 5 Professions That You Didn’t Know Require Insurance.
Drone Insurance for Business Use
If you’re using your drone for business use, whether in an aerial photography company or to assist you at work, insurance is compulsory. A policy that allows the pilot to hold adequate levels of insurance as to meet their liabilities in an event of an accident is the only policy acceptable, thus a public liability insurance policy would be necessary. A public liability insurance policy will provide you with financial protection in the case of inflicting bodily injury to a member of public or damage to third-party property – as well as the costs involved with a legal defence.
Solicitors
If you’re looking to be a solicitor, you should probably know that it is necessary you have an insurance policy to cover you. Best fit with a professional indemnity insurance policy, solicitors require something that will cover them in full for any civil liability claims that may arise from their role and must continue to have cover for the entire time that they are practising. It is also compulsory to prove you have insurance when renewing your certificate. Over the years, hundreds of law firms have seen their companies closed down because they weren’t able to obtain the necessary coverage that is legally required.
Aircraft Operators
They fly far above us, but are most definitely grounded when it comes to insurance policies they must take out. To operate any aircraft at all, an operator must have public liability insurance as required by the Civil Aviation Act of 1960, and there are also varying kinds of minimum insurance levels depending on the MTOM (the maximum take-off mass of the aircraft) as well as the number of passengers that the aircraft is set to carry.
Registered Childminders
Registered childminders are required to have public liability insurance – even if they are currently not minding children (for example: whilst on maternity leave). If they want to continue to pay to be Ofsted-registered, they must also continue to pay for their public liability insurance. Which may also mean additional membership fees!
Doctors
There is a statutory requirement for doctors to have insurance or indemnity, and the General Medical Council can at any time check to see whether a practising doctor is adequate covered – and remove the doctor’s licence if they aren’t! Legally, doctors must be covered against the liabilities in practising medicine. The level of insurance they need will depend on their details and the nature of the work.
Bonus Fact…
In 2010, proposals were put out that stated that anyone who kept a dog, including small puppies, would be required to take out an insurance policy to cover them in case their pet attacks another individual. The insurance policy required, third-party insurance, would see Britain’s estimated 10.5 million dogs requiring their owners to fork out the most adequate and cost-worthy policies to stay on the right side of the law. However, the policy for all dogs to be covered by an insurance policy never did come into play and was scrapped a week after being suggested by the then Labour environment secretary Hilary Benn.