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9 Cards in this Set
- Front
- Back
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Why is insurance compulsory in certain cases? |
Provide funds for compensation Ease state burden In response to national concerns. |
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What is the act that says it's illegal to drive/be in charge/permit the use of a vehicle on a public road without insurance? |
Road Traffic Act 1988 |
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What does the Road Traffic Act 1988 require? |
Third party property damage and bodily harm is covered |
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What is the UKIC |
Subsidiary of MIB assist locating insurance detials for UK-Registerd vehicles |
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What is employers liability insurance? |
Every employer in GB must be insured against liability for bodily injury or disease sustained by employees arising during their employment |
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What is the limit of employers liability insurance? |
At least 5 million |
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What is the dangerous wild animals Act 1976 and Dangerous Dog Acts? |
Dog and other wild animals that are on thebgornments list have 3rd party insurance |
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What is professional indemnity insurance? |
PI covers losses, injury or damage suffered as a result of wrong or misleading professional advice |
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Who are the people who must have professional indemnity insurance? |
Solicitors Insurance intermediaries Accountants |
