It’s a fine line to tow – you only want to buy and pay for the cover your business needs, but you also want to make sure that you’re properly protected should the worst happen. Deliberately misclassifying workers in an attempt to save money is unethical, leaves employees without essential coverage, and can lead to you incurring serious financial penalties. Reviewing employee classifications when you review your insurance policies can alert you to potentially expensive mistakes that you need to correct. A broker can help you navigate the process and select insurance cover that’s tailored to your specific needs.
- 2 Based on AXA Business Insurance claims made between July 2018 and June 2019.
- Covers the time and money needed to put your business back together following a cyber-attack.
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Business insurance covers your business from unexpected losses e.g. if your equipment is stolen or you make a mistake and your clients decide to sue. As a business owner, self-employed consultant or a freelancer you need to factor certain risks in your day-to-day work. Depending on your profession you may need public liability insurance, professional indemnity insurance, contents insurance or other types of cover. Use our quote tool to check how we can help and cover your company.
Business Vehicle Insurance
With AXA, you can add a standard £1 million of professional indemnity cover to your business insurance. Small and Medium sized Business Insurance With our business insurance, you can protect yourself, your employees, and your business assets. Our policy includes cover suited to a variety of businesses – from food and drink, to retail and hospitality. The cost of business insurance will vary depending on what type of business you are running, as well as the specific insurance needs of your business. The level of cover you need will ultimately determine the cost. If you employ one or more members of staff then you’ll need to have an active employers liability insurance policy in place.
We’ve created a helpful guide covering the main facts about how P60s work. Our customers’ reviews, independently moderated and managed by feefo. With van insurance from AXA, you can choose the right kind of insurance to fit your needs.
Cover To Top Up Your Buildings And Contents Insurance
Meanwhile, there will be other more general items that you might rely on for your business, like your office furniture or your shop tills. Insure your business contents so that if they’re damaged by an insured event, such as fire or theft, your business keeps going. This would cover the costs of replacing or repairing things like your broken boiler and fire/burglar alarms, as long as the damage is not due to wear and tear. Professional indemnity is useful if your business offers a service or requires you to give advice to clients. If you make a professional error or give advice that is deemed negligent, you could be taken to court. This insurance also covers you if a customer or member of the public becomes ill or suffers an injury as a result of a product you have supplied.
Our FAQ guide to cyber-attacks for small businesses runs through the basics, key statistics and some things you can do to stay safer online. Whatever you do for a living, we offer superior service and continual innovation, as seen with ourCyberClear Academy. We won the Feefo Gold Service award in 2017 and our offering was upgraded to Platinum Service status in 2020 and 2021.
We offer 50 years experience in delivering market-leading fronting and captive solutions worldwide. We deliver flexible programs that leverage our experience across the globe to help your company reduce risks. Covers you if you make a mistake or if an unhappy client says you’ve not done what was agreed – regardless of whether you’re actually at fault. It pays for your legal defence, pays to fix whatever’s wrong, and pays any compensation. You might have enough of one but you’ll need lots of all three if it’s your unlucky day. PolicyBee exists because small business insurance could, and should, be better.
Theft of Takings covers cash or cheques stolen from you in transit, from a safe or on you while you’re working at other premises, such as your clients’ homes. Small businesses often aren’t prepared for large, unexpected expenses due to a claim, so it’s important to have the right insurance in place. If you’re self-employed and something goes wrong, you’ll be the one responsible for footing the bill. You can pick from a range of cover options to get a bespoke policy for your business. A guide to National Insurance and preparing for the cost of having employees.
A business professional may require you to show proof of professional indemnity insurance before hiring you as a consultant. If the people in question pursued legal action against you, public and product liability insurance would cover the costs you are liable to pay. If your business has staff – even if they’re volunteers, apprentices, contractors or temporary – then employers’ liability insurance is a legal requirement under the Employers’ Liability Act 1969. Employers’ liability insurance covers you against work-related injury or illness claims from employees. And in most cases, if you have someone working for you, it’s required by law. Small and micro businesses are often most at risk, as many couldn’t afford to face a hefty compensation or damage claim or without having business insurance in place.