Though it’s not a requirement to have business insurance when working from home, there are some different types of insurance that it might be worth considering. Whether you run a small business, a large multinational company or are self-employed, business insurance can help to protect you and your company against unexpected costs. This covers work that is in progress that is damaged by an insured event, such as a fire, flood, vandalism or theft. If there is an insured event such as flood or fire at your work premises, buildings insurance will cover the costs of repairing the damage, helping you get back up and running. Add any of the following cover options to your Small Business policy and create commercial insurance that fits your business needs.
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.
What Are The Different Types Of Business Insurance?
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.
- Our policy includes cover suited to a variety of businesses – from food and drink manufacturing to wholesale, to retail, hospitality and property.
- Having public liability insurance in place provides the reassurance you need for unexpected circumstances, as there are several factors you just can’t plan for.
- If a customer, courier or passer-by makes a claim, a public liability insurance policy covers any legal and compensation costs.
Even if you don’t own the property you run your business from, we cover most damages to furnishings, right down to fixtures and fittings. Employers’ Liability Insurance If you have employees ‐ unless they’re related to you ‐ it’s a legal requirement to have this cover in place. Public liability is one of Aviva’s core covers you’ll need to buy in order to access our other flexible cover options. Tell us about your business – we’ll build your business insurance quote and help you explore any other insurance needs. No matter the size of your company, business contents insurance is useful. It protects all the vital instruments you require for the day-to-day operation of your business.
Public And Product Liability
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.
Business Property Insurance
Taking out personal accident cover will help to protect your business financially if you or a member of your team suffers an accidental injury leaving them unable to work. Insurance is an important consideration for any UK-based small business, whether you run a busy consultancy firm, local architect office or hair and beauty salon. Buying the right policy allows you to focus on what you do best, while we look after your everyday risks. Get a quote tailored to your workplace needs in minutes with Hiscox. Business insurance can also offer credibility to your business, demonstrating to prospective customers and potential employees that you are trustworthy to do business with. If you hold sensitive customer data, process payments online or just want peace of mind, Cyber cover should be considered.
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.