February 8, 2023


Business/Industrial Goods and Services

Business Insurance To Protect Your Company business insurance

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.

  • You’re free to keep running your business, safe in the knowledge you’ll still have one when it’s all over.
  • Our online quote tool gives you the option to enter all your trades so that we have a clear idea of what type of cover you might need.
  • The cost of business insurance will vary depending on what type of business you are running, as well as the specific insurance needs of your business.
  • Our tailored liability insurance policies allow you to build up the cover your business requires.
  • It’s important to note that this type of business insurance only protects the building itself.
  • Taking out specialist insurance can be a good idea in some fields.

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.

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.

Package & Combined Policies

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.

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.

Read our guide to managing small business risk in association with Courier magazine to make sure your small business doesn’t get caught out. For more information see theABI guide on insurance for your small business . If someone in your business is unable to work due to a temporary injury, then after 7 days we’ll pay their normal net weekly earnings up to £500 for up to 104 weeks. We’ll pay a lump sum of £50,000 if there is an accidental death, accidental loss of limbs or sight, or if someone in your business becomes permanently disabled following an accident. We can cover this machinery for theft and damage due to an insured event e.g. fire. We do not cover machinery that has been damaged due to wear and tear.

Cover To Top Up Your Public Liability Insurance

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.

Business insurance gives you protection from everyday business risks to large, unexpected compensation claims. It can protect your work, your people, your reputation, and ultimately, your future livelihood. We can help you find exactly the right insurance policies to cover your business, no matter what type it is. Professional indemnity insurance can protect you if someone says you’ve provided inadequate advice, services or designs to a customer.