If you are relatively new to the world of business, you may have been trading for a year or so and are still getting used to the ins and outs of corporate accounting. You may have taken advice and set up your business as a limited company from day one and understand that it is a separate legal entity for tax purposes. However, you are not 100% certain how to treat any personal expenditure that you incur, if linked to the business, or how to handle any money that you may have advanced, to pay for business expenses.
2018
- Construction sites can pose safety hazards to members of the public, but they can also damage adjacent property. Therefore, if you're in charge of such sites, it's important to have some sort of protection against the financial and legal costs that may arise out of injury or property damage caused by interactions between construction work and the public. Public liability insurance is tailored with this consideration in mind. If a non-worker gets hurt or property gets damaged as a result of ongoing construction work, this type of insurance will cover all financial and legal costs that your business or company may be required to pay for.