If someone complains about a product you’re involved in, whether your company designed, manufactured or sold the product, you’re protected against any costs. Product liability cover might be especially important in the retail and technology sectors and Hiscox can build it into your public liability cover. Public liability insurance protects your business against accidental injury and property damage claims from your customers, visitors or people you visit. Business insurance is typically made up of public liability, employers’ liability, professional indemnity, and buildings and contents insurance. Depending on what your business does, you can also add protection for terrorism, defamation, equipment – and much, much more.
- Easy to review and purchase, reasonable costs, and they answered the phone quickly when i had an issue.
- We’ve also won the Response to a Major Claim award at the Commercial Insurance Awards in March 2018.
- Small business insurance is a way to protect your business from financial losses, such as compensation claims, property damage and theft.
We don’t need your company registration number or any business registration information. All we need are details on your business address, trade type and your actual/projected turnover. The best way to find out how much it would cost to insure your business is to get a quote online – it only takes a few minutes. And remember, with AXA, you can increase your level of cover at any time in your online account – for no additional fee.
What Type Of Hairdressing Salon Is Right For You?
As there are a wide variety of liability insurance policies, it is always recommended that you check your policy documents for any specific exclusions. We leverage our global network to handle claims efficiently and help our clients manage risks. Covers you if someone – anyone – claims your business has injured a person or damaged their property.
It can also cover you for any lost turnover during this time if you’ve insured your premises or business property with us. Public liability insurance covers you if you cause injury to a member of the public or accidentally damage someone’s property. An example of this could include a customer slipping on a wet floor in your shop or office and hurting themselves, or you causing damage while carrying out building works on a client’s house. With AXA’s public liability insurance, you can choose to take up to £5 million cover. Remember, some clients or contracts might expect you to have a certain level of cover before working with you. For example, if you’re working for a large organisation or council authority, they’ll likely need you to have a higher level of cover.
Related Guides & Faqs
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?
How Much Does It Cost To Insure A Small Business?
We know that every small business or rental property is unique, which means your insurance should be too. We aim to take the hassle out of buying a policy, helping you focus on your big dreams. And as a B Corp, giving back to the communities we serve is a priority. Enter your postcode to find business support and case studies from businesses within your region. Research new procedures and technologies as they become available and make a plan to implement those that offer the greatest benefits to your business. Be consistent with training and review your safety policies often so you can make adjustments and updates as needed.