From slips and trips to workplace illness, even if you and your business are not at fault, costs can start to add up without a policy in place. We may be able to offer you cover based on your business sector. You can buy business insurance directly from an insurer, or from a specialist broker through theBritish Insurance Brokers’ Association . A micro business is defined as an enterprise that employs nine people or fewer. As of 2017, micro businesses count for 96% of the UK’s business landscape and, as you might expect, there are many different types of micro business. Below is a summary of a generic policy, from 22 June 2021 onwards, which shows the main covers and exclusions in our policies.
Read this explainer to learn more about the employers’ liability certificate and how to display yours correctly. We insure over 400,000 businesses, based on the number of policies sold in 2021. I will definitely recommend Hiscox to other small business owners.
What Type Of Business Insurance Do I Need?
Whether you’re a cleaner or tradesperson, it’s quick to buy insurance. Answer a few questions and we’ll show you quotes from leading insurers in minutes. It’s easy to buy a range of covers, from public liability insurance to business equipment protection. Our tailored liability insurance policies allow you to build up the cover your business requires.
- There are other forms of liability insurance, such as professional indemnity insurance, which can protect you if you are accused of providing inadequate advice, services or products to a customer.
- For more information take a look at our guide on small business insurance.
- We help charities, clubs and community groups find the cover they need, including trustee insurance and public liability insurance.
- For example, if you’re a manufacturer and a customer makes a claim after purchasing a product from you that doesn’t work properly.
- We insure over 400,000 businesses, based on the number of policies sold in 2021.
- Your new insurance quote or renewal premium from any other insurer.
Other types of commercial insurance can help to recover your IT systems and safeguard property and specialist equipment. If your main supplier or customer suffers damage to their premises and can’t trade, we’ll cover you for the loss of business you’ll suffer. Equally, if a market or fair that you regularly attend suffers a fire, we’ll cover the lost turnover for the time you can’t trade there. Business interruption will also cover you if key equipment that you use to run your business, like a laptop, is damaged or stolen, meaning you can’t trade. 2 Based on AXA Business Insurance claims made between July 2018 and June 2019. Figures based on business insurance policies purchased direct through AXA Business Insurance online or over the phone.
If you have an existing quote or policy with us, you can view and download your policy documents from the My Account page. You can choose Personal Accident as an add-on once you’ve completed your quote. Crime reference or proof of damage and proof of ownership needed. You get access to public relations and crisis management experts to minimise damage to your brand and business. We’ll replace your essential tech within 24hrs of claim approval, with Business Tech Essentials. From skills to ideas, apprentices can bring big benefits to small businesses.
Business Articles And Guides
Catching you off-guard and tricking you in to doing something you shouldn’t, like opening an attachment in a fake email, or finding a way through your cyber-security. If this happens and they get their hands on your data or access to your bank account, the impact on your business could be devastating. Our business interruption cover can insure you if you or one of your key employees becomes seriously disabled and is unable to continue work. We will cover the incurred costs, up to £25,000, to minimise any interruption to the business. Our private health insurance gives you fast access to eligible health treatment when you need it.
Sole trader policy will provide you with the comfort of knowing what you’ve created is protected from these risks. Legal protection insurance as another layer of cover for employment disputes. Is a valuable cover for any business that provides a professional service, especially if this service rests on giving business advice. Is a legal requirement for most businesses with even one member of staff.