Running a business and making it a success is hard work. Don’t throw it all away by not having adequate insurance.
We want to help you find the right level of cover for you. Read through our business insurance know-how guides to help you choose the right policy. We can help you compare quotes from a range of specialist business insurance providers to find a deal that suits you.
Standard business insurance policies are offered by specialists in the commercial underwriting sector. They understand the needs of business customers and many offer tailored, bundled policies that make it easy and affordable to secure the right amount of protection. So, if you want protection for your assets, your employees, your customers and your commercial property, read on to find out more.
You’ll probably need the following as a minimum:
Employers' Liability
Employers' liability insurance could help cover you against damages or legal costs raised by an employee because your negligence has caused injury or illness. Typically, a business must have this type of insurance by law and be insured for at least £5 million, although many insurers cover more than that.
Public Liability
If, during the course of your business, you come into contact with third parties or their property then you could find yourself liable for compensation if someone is injured or their property is damaged as a result of your work.
Products Liability
If your business supplies a product or service which unexpectedly causes damage or injury to someone, then you'll probably be liable. Look for providers that offer liability cover up to £5 million for protection against legal costs and damages payments.
The following optional extra cover is normally available for business customers:
Stock Cover
Insure your expensive stock whilst it's in storage, transit or against deterioration of chilled or frozen stock.
Inflation Protection
Some policies can cover you for the value of your contents against inflation.
Seasonal Increase
Many insurers appreciate that certain times of the year are busier than others and the value of your stock may increase to accommodate this. Christmas and Easter seasons for some business owners can mean your sum insured needs to be increased to cover the higher levels of stock. Check the small print to make sure your policy offers this if you feel it's necessary.
Business Interruption
What if you have to stop trading due to personal illness, fire, theft, vandalism or any other catastrophe that causes your business to be interrupted? Help protect your business from losing money by taking out adequate loss of income cover.
Fraud Cover
Get protected against loss of money or stock where an employee is responsible.
Read more in our business insurance guides or get a quote now.