However, clearly not all young drivers are bad drivers. But if you’re one of the good ones, your problem up to now has been proving it. That’s where technology has finally come in for young drivers car insurance in the form of what’s essentially a consumer version of the device installed in trucks to keep track of the driving habits of the professional drivers.

What this does is to record your driving so it’ll keep track of the length of your journies, your speed, how fast you accelerate and brake, etc. From this the insurance company doesn’t need to assume anything about your driving as they can see exactly how you drive which, hopefully, will lead to lower insurance rates for those young drivers who are good drivers.

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That sounds fine and it may well save you some money but the problem with the UK home insurance market is that insurance companies that do content insurance have a list of stuff that counts as being “content” and a different list of stuff that counts as being “buildings”. Unfortunately, these lists aren’t completely identical between the various companies so you can find some things listed as “content” by one company that will appear on the “buildings” list of another company. That discrepancy is why it’s essential to keep both policies with the same company.

Most of the time it won’t matter. After all, clearly the bricks are part of the building and clearly the furniture is part of the content. What about something like an outdoor BBQ that incorporated a seat made from bricks? It might seem a somewhat contrived example but there are lots of similar grey areas that insurance companies create through these different lists.

Don’t forget too that if, even if you’re lucky enough to have any problem that arises completely covered by two different companies, that means that you’re looking at two separate insurance excess payments which these days can mean anything up to £1000 or so.

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So to get corporate insurance you will almost always need to go to a specialist insurance broker which obviously means looking at firms relatively close by your business premises.

However, it’s worse than that in that, for example, to shop insurance Glasgow, if you’re in a relatively specialised market niche you’d need to look for, say, insurance for contractors Glasgow. Well, “worse” in the sense that you may need to be more specific in your requirements of an insurance broker but if that broker is more familiar in dealing with your type of business you’ll generally save a lot of hassle in explaining what you do and won’t miss out on essential insurance that’s specific to your industry group. Not only that but the specialists will know more about the types of policy available to your industry niche too which can save quite substantial amounts of money.

Incidently, don’t be tempted to try to do the cheapo route of just using one of the personal insurance comparison sites as they usually don’t list essential items of business insurance and you could find yourself with an expensive problem should it turn out that you don’t have some legally required insurance or there’s an exemption in the insurance that you bought which means that you’re not covered for doing something that you do quite regularly. These things usually only become apparent after you need to claim on a policy which is obviously a little late in the day.

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1. Travel insurance, house insurance and car insurance
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Travel insurance is something that you need once you set foot on a plane or boat. For the most part, it doesn’t cover you within your own country which is something to bear in mind if you make frequent business trips by plane. There are exceptions, of course, but look out for them.

Home insurance can sometimes overlap with travel insurance as the better policies cover many of your valuables when you’re out of our house which can avoid you needing to get travel insurance for things like valuable watches or other jewellry.

Car insurance comes, mainly, in three varieties. Third party insurance covers you when you hit somebody but doesn’t cover you nor theft of your car therefore most people go for the next option up with is Third Party Fire & Theft thus adding the fire and theft elements. They can be fairly cheap but you should always check the price of Fully Comprehensive insurance as I’ve found that as little as 10% more can move you into this type of insurance which isn’t much to pay if the person who hits you isn’t insured (not uncommon!).

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