January 30, 2023

MONTPELLIER

Business/Industrial Goods and Services

Business Insurance Products business insurance

Because when things go wrong, we’re the small business insurance experts, experienced in putting things right. You work hard to build your business, so we work hard to help you look after it and protect your good name. Sole traders, consultants and the directors of limited companies can all benefit from our commercial covers. Business insurance is there for anyone and everyone who provides a professional service and might be at risk of having a claim brought against them. This protection means that, should your business suffer an unforeseen knockback, you can feel confident that you and your employees are protected. Meanwhile, your insurer can help to get your business back up and running again quickly.

An employers’ liability insurance policy minimises disruption by helping with the costs of defending or settling a legal claim. Employment practices liability is slightly different and protects the managers of a business against employee claims. UK companies that employ staff may need to hold a certain type of business insurance – employers’ liability insurance – by law.

You can get business insurance before your limited company is officially registered, which is great news for start-ups, since it offers full protection from day one of trading. When you set up a new business, taking out insurance might be one of the first things you do to ensure any property, vehicles, IT systems and liabilities are taken care of. People power is everything for the UK’s small businesses and particularly for micro-businesses including start-ups.

Tools And Business Equipment

Perfect protection against ‘where there’s blame there’s a claim’. Concentrate on your good cause and get the right cover for your organisation, whether you’re large, small, grass-roots or anything in between. We help charities, clubs and community groups find the cover they need, including trustee insurance and public liability insurance. business insurance policies can be written on two bases – ‘claims made’ or ‘claims occurring’.

  • Business interruption insurance, or business income insurance, offers protection against loss of income resulting from material damage caused to property.
  • Once this cover is in place, you’ll have the benefit of knowing you’re protected if the property becomes damaged – in the event of a flood or fire, for instance.
  • The contents, such as your office equipment you might have, will need to be covered by office contents insurance.
  • Our CyberEdge product covers the obvious and less obvious risks facing businesses that deal with electronic information.

Public liability insurance protects you and your business if someone claims their property has been damaged, they were injured or fell ill because of you or one of your employees. Whatever you do for a living, accidents can happen, and they’re not always directly related to the job. If a customer, courier or passer-by makes a claim, a public liability insurance policy covers any legal and compensation costs. Some types of business insurance, such as employers’ liability cover, might be required for most companies under UK law.

Demonstrate That The Business Is Well Run +

We have more than 800,000 customers that trust us to support them with their insurance by providing fast, flexible cover. Reducing your premiums and exposing your business to future losses is a false economy. Examples of underinsuring include understating the actual amount of stock you hold on the premises, or the amount your business generates in turnover. Avoid potential hikes to rates for workers’ compensation insurance by training and educating your employees regarding proper safety practices in the workplace.

With professional indemnity insurance, any legal fees and compensation expenses will be covered – so you can continue with business as usual. We’ve helped customers with cases such as the software professional accused of sub-standard development work and also the wildlife photographer whose photography kit was stolen by baboons. While not required by law, bear in mind that some clients might ask for proof of certain types of insurance, like public liability insurance, before giving you work. As one of the UK’s biggest business insurance providers, we specialise in covers like professional indemnity insurance and employers’ liability insurance.

Corporate Insurance With our Commercial Select insurance policy, you can protect yourself, your employees, and your business assets. Our policy includes cover suited to a variety of businesses – from food and drink manufacturing to wholesale, to retail, hospitality and property. Product liability insurance can protect your business if a customer makes a claim against a faulty product you’ve made. For example, if you’re a manufacturer and a customer makes a claim after purchasing a product from you that doesn’t work properly. Covers the time and money needed to put your business back together following a cyber-attack.