February 8, 2023

MONTPELLIER

Business/Industrial Goods and Services

Simply Business business insurance

That’s why personal accident insurance could be so important – if you or an employee is unable to work due to an accidental injury, we’ll keep your business healthy with up to £250 per week. If a serious accident affects your livelihood, this type of cover also pays out a lump sum. This covers the legal and compensation costs you are required to pay if an employee gets injured or becomes ill because of the work they do for you. Keep your company up-and-running no matter what with AXA’s business insurance. We offer flexible, tailored cover to help sole traders, self-employed people and small and medium-sized businesses grow. Professional indemnity insurance is also available to trades that also offer professional advice, like electrical contractors or heating engineers.

  • AIG’s global presence means we can offer programs tailored to specific customer needs anywhere in the world, together with logistical support and local market knowledge.
  • 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.
  • You’re covered for theft of tools when they’re locked in your vehicle overnight that’s parked on your drive, the street or if you’re working away.
  • If you employ one or more members of staff then you’ll need to have an active employers liability insurance policy in place.
  • Our policies can offer protection from a range of risks including theft and property damage, personal accident and cyber-crime.

Meanwhile, there will be other more general items that you might rely on for your business, like your office furniture or your shop tills. Insure your business contents so that if they’re damaged by an insured event, such as fire or theft, your business keeps going. 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. Professional indemnity is useful if your business offers a service or requires you to give advice to clients. If you make a professional error or give advice that is deemed negligent, you could be taken to court. This insurance also covers you if a customer or member of the public becomes ill or suffers an injury as a result of a product you have supplied.

Industry Data

With our business insurance you can easily combine different covers and choose from a list of add-ons. You’ll leave with business insurance unique to your business, no-one else’s. While you must make sure you’re not overpaying for insurance, you should guard against underinsuring yourself as it can significantly affect any claims you make if your business suffers a loss. Some trade or professional organisations offer insurance coverage to members through an affiliation with an insurance company. This coverage may be cheaper than insurance you purchase on your own. Even if the organisation doesn’t offer insurance, its members may share tips on how to obtain appropriate insurance at a good price.

We cover landlords too, offering insurance like tenant default insurance and rent guarantee insurance. Small business insurance is a way to protect your business from financial losses, such as compensation claims, property damage and theft. There are different types of cover available to suit your business needs. There are other forms of liability insurance, such as professional indemnity insurance, which can protect you if you are accused of providing inadequate advice, services or products to a customer. Speak to an adviser to find out which liability insurance you need for your business.

Business Healthcare

We offer 50 years experience in delivering market-leading fronting and captive solutions worldwide. We deliver flexible programs that leverage our experience across the globe to help your company reduce risks. Covers you if you make a mistake or if an unhappy client says you’ve not done what was agreed – regardless of whether you’re actually at fault. It pays for your legal defence, pays to fix whatever’s wrong, and pays any compensation. You might have enough of one but you’ll need lots of all three if it’s your unlucky day. PolicyBee exists because small business insurance could, and should, be better.

Can I Get Business Insurance Without A Trade Licence?

Public liability insurance provides cover if a member of the public injures themselves or makes a claim against your business. For example, someone slipping and injuring themselves if there is a spillage on the floor but no wet floor sign. M&A insurance is a highly specialised field of cover that facilitates the smooth running of the M&A process. It does so by transferring certain potential risks of the transaction to an insurance policy. I started the UK’s first quote-and-buy-online small business insurance broker in 1998. My own cover was complicated and time-consuming to sort and I figured there must be another way.