Business Insurance Core Covers
Public liability insurance is a key business insurance cover, it is available to protect you if someone is injured or their property is damaged because of your business.
Professional indemnity insurance is a vital consideration for all businesses that give advice or offer professional services to other businesses. It covers you in the event that you are found to give improper advice that causes financial loss to a client.
Employers’ liability insurance is there for you if you have employees, contractors, casual workers or temporary staff. You’re required by law to take this cover out. It covers you for claims from your employees who’ve been injured or become seriously ill as a result of working for you.
You also have the option of protecting your business premises with buildings insurance. This covers the buildings you own and use for business against disasters like fire and flood, very similar to your normal residential home insurance.
In addition, contents insurance protects items you own or for which you’re responsible, while they’re on your business premises. You’ll be insured against damage, destruction, loss, and theft, and your cover will pay for repair or replacements where necessary. You can insure items such as Stock, Stock in transit, and Money.
Fixtures & fittings cover protects permanent items such as shelving, counters, and fixed display cases. You should remember that these are separate from the items covered by your contents insurance.
If something unforeseen happens, for example because of fire or flood, business interruption insurance covers you against revenue lost during this period. This can offer vital protection to make sure your business remains stable during this challenging time.