September 26, 2022

MONTPELLIER

Business/Industrial Goods and Services

Types Of Business Insurance business insurance

With AXA, you can add a standard £1 million of professional indemnity cover to your business insurance. Small and Medium sized Business Insurance With our business insurance, you can protect yourself, your employees, and your business assets. Our policy includes cover suited to a variety of businesses – from food and drink, to retail and hospitality. 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. The level of cover you need will ultimately determine the cost. If you employ one or more members of staff then you’ll need to have an active employers liability insurance policy in place.

  • Anyone can make a claim against you if they feel their property has been damaged or they have been injured as a result of your business activities.
  • To understand your legal responsibilities and what the exceptions are, read more about employers’ liability here.
  • So if someone is injured or becomes ill as a result of working for you – even years down the line – you’ll have confidence in knowing you’re covered.
  • 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.

We are specialised in providing solutions for medium to large trades and services companies, operating locally and internationally. 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. Our CyberEdge product covers the obvious and less obvious risks facing businesses that deal with electronic information. A legal requirement for UK businesses, this will help protect you if an employee gets sick or injured while they’re working for you. We’ve teamed up with Simply Business1to offer you tailored quotes from their panel of leading business insurance providers like AXA, Churchill and Hiscox. Our Buildings and Contents Insurance protects your business’ premises, inside and out.

What If My Trade Is Not Mentioned On The Online Quote Tool?

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.

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.

Why Choose Direct Line For Your Business Insurance?

Theft of Takings covers cash or cheques stolen from you in transit, from a safe or on you while you’re working at other premises, such as your clients’ homes. Small businesses often aren’t prepared for large, unexpected expenses due to a claim, so it’s important to have the right insurance in place. If you’re self-employed and something goes wrong, you’ll be the one responsible for footing the bill. You can pick from a range of cover options to get a bespoke policy for your business. A guide to National Insurance and preparing for the cost of having employees.

Our FAQ guide to cyber-attacks for small businesses runs through the basics, key statistics and some things you can do to stay safer online. Whatever you do for a living, we offer superior service and continual innovation, as seen with ourCyberClear Academy. We won the Feefo Gold Service award in 2017 and our offering was upgraded to Platinum Service status in 2020 and 2021.

What Type Of Business Insurance Do I Need?

This includes the costs of repairing hardware and restoring data, compensating customers, and covering lost income when you’re offline. Equipment insurance covering the breakdown of your business appliances is essential for protecting your company against unforeseen expenses. From large machinery to your usually trusty photocopier or even a network server, problems with the running of these items can cost both time and money. Business insurance typically protects the interests of a company or trading entity. However, sometimes a personal version – known as management liability cover – becomes relevant to protect leaders from personal risk. Such people might include the directors of small businesses and non-profit trustees.