Motorists and most small businesses are required to have public or third-party liability insurance, but most of us don’t think about protecting our personal liability until it’s too late. 

You could lose everything if something goes wrong and you are sued for damages, such as a personal injury to a third party. 

In a recent case reported in The Times, a cyclist knocked down a woman who walked into the road while looking at her mobile phone. A judge ruled that they had shared liability and awarded the woman £4,162, half the sum she had claimed. However, he could be forced to pay her legal costs of £100,000. 

Since the accident, there has been a rush to join cycling organisations, such as Cycling UK, which include liability insurance in their membership package for as little as £3.88 per month.

As I say in my book, the wealthy know how to preserve their money and protect themselves against liability. As I’ve said in previous podcasts and in my book, making money and keeping money are two different skills.

Make sure you watch your back because you never know what’s coming your way.

Read about money mindset and the movie stars who blew it all in my book, Yes, Money Can Buy You Happiness, on Amazon - http://bit.ly/2MoneyBook

 

 

Motorists and most small businesses are required to have public or third-party liability insurance, but most of us don&rsquo;t think about protecting our personal liability until it&rsquo;s too late.&nbsp;
You could lose everything if something goes wrong and you are sued for damages, such as a personal injury to a third party.&nbsp;
In a recent case reported in The Times, a cyclist knocked down a woman who walked into the road while looking at her mobile phone. A judge ruled that they had shared liability and awarded the woman &pound;4,162, half the sum she had claimed. However, he could be forced to pay her legal costs of &pound;100,000.&nbsp;
Since the accident, there has been a rush to join cycling organisations, such as Cycling UK, which include liability insurance in their membership package for as little as &pound;3.88 per month.
As I say in my <a href="http://bit.ly/2MoneyBook">book</a>, the wealthy know how to preserve their money and protect themselves against liability. As I&rsquo;ve said in previous podcasts and in my book, making money and keeping money are two different skills.
Make sure you watch your back because you never know what&rsquo;s coming your way.
Read about money mindset and the movie stars who blew it all in my book, <a href="http://bit.ly/2MoneyBook">Yes, Money Can Buy You Happiness</a>, on Amazon - <a href="http://bit.ly/2MoneyBook">http://bit.ly/2MoneyBook</a>
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Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.  Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.  Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.   For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness.&nbsp; Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business.&nbsp; Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation. &nbsp; For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

Money Tips Podcast

Welcome to Money Tips by Charles Kelly, author of Yes, Money Can Buy You Happiness. 

Charles spent over 25 years in financial services working for banks, Insurance companies and as a qualified Independent Financial Adviser running his practice, before setting up his speaking, consultancy and property business. 

Money Tips will help you save, make and accumulate more money whether you are a business owner, entrepreneur, employee or still searching for your vocation.  

For more tips and information visit Mondeytipsdaily.com. The Information given in this podcast is for your entertainment and should not be construed as financial advice. As always, take independent financial advice before making any investment decisions.

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