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.
Business interruption insurance, or business income insurance, offers protection against loss of income resulting from material damage caused to property. This type of business insurance is invaluable for unexpected situations that cause damage and will keep your company afloat by covering you for loss of income and the costs you incur. Some types of business insurance, including employers’ liability and public liability covers, are so fundamental for many small businesses that they come with their own certificates in the UK. Professional indemnity insurance covers any legal and compensation costs you are required to pay. Clients will often ask to see proof of professional indemnity insurance before agreeing to work with a new contractor.
Hiscox can also provide other types of commercial insurance, including legal protection cover and office and contents insurance. Taking out specialist insurance can be a good idea in some fields. Cyber and data insurance could be especially important for anyone who uses data – including computer programmers and marketing professionals. Any business can face a cyber-attack and it can take time and money to put things right – that’s what our cover is there for. Cyber cover also protects against claims arising from data breaches if you or an employee accidentally shares sensitive information. Read our guide on’What is the difference between professional indemnity and public liability insurance?
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Smart Pension provides a fast and easy way to meet your legal responsibility to provide a workplace pension for your employees – you could be compliant within minutes. Every UK employer needs to provide, and contribute to, a workplace pension for certain staff. Please note that a minimum number of contributing employees may apply. If you’ve 0-9 employees, you can get a quote then buy, all online. Charlotte Lawson sheds light on a lesser-known type of commercial cover, outlining the importance of trustee insurance.
If you’re a shop owner you may want a combination of these products to ensure you’re covered, including landlords insurancefor business use to protect your premises. There are lots of other scenarios where you might need business insurance. Different types of businesses need different types and levels of cover.
- 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.
- Sole trader policy will provide you with the comfort of knowing what you’ve created is protected from these risks.
- We offer 50 years experience in delivering market-leading fronting and captive solutions worldwide.
- Cyber and data insurance could be especially important for anyone who uses data – including computer programmers and marketing professionals.
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.
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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.
While others are not necessarily a legal requirement, they may be strongly recommended as a safeguard measure, such as public liability insurance. This cover protects you against any costly claims made against you or your business. Employers’ liability insurance may be a requirement under UK law for most business groups. It makes sure you’re protected if an employee is injured on your premises or becomes ill and they claim it’s because of something that happened at work. As well as full-time employees, you might also need cover for part-time staff, volunteers and casual helpers.
Is Business Insurance Required By Law?
If you have premises – like a shop or an office – our business contents insurance will protect you up to the level of cover you choose. Remember to take into consideration, the value of your stock, shop front and contents. When you run a business, you don’t have time to spare working out what insurance you need. You’re too busy to work out the ins and outs of public liability or professional indemnity insurance. So we’re spending our time in keeping things as simple as possible – so you can get properly protected, pronto.