Employers are responsible for the health and safety of their employees. By law, all companies who have employees must have Employer’s Liability insurance. This type of insurance will ensure you can meet the cost of compensation for your employees’ injuries or illness whether they are caused on or off your premises.
Public & Products Liability
If your business is accessed by the public, whether regularly or for ad-hoc meetings, Public Liability insurance should be considered. It covers the compensation costs and legal fees you are required to pay if a member of the public is harmed, or their property is damaged, because of your business activities.
If your business designs a product, Products Liability insurance covers the costs of compensation claims should anyone get injured by a faulty product that your business designs, manufactures or supplies. This cover should be considered for businesses who design, manufacture. sell or supply physical products. Your business could also be found legally liable if your product injures people or causes damage to a property caused by the faulty product.
In the event of fire, subsidence or damage by extreme weather, a buildings Insurance policy will cover the costs of rebuilding or repairing the property. We have access to a wide panel of property insurers so that we can provide you with a range of cover options.
Contents, Business Equipment & Portable Items
Most Property and Business Combined Insurance policies will also extend to provide cover for damage or theft to any permanent fixtures and fittings (i.e. desks, chairs and computers) which you may own. Portable items such as laptops and cameras can also be covered on a UK or worldwide basis.
Following a major incident such as a fire at the property, a business insurance policy will provide cover for any profits which would have been earned, ongoing fixed costs, temporary relocation and additional expenses such as cleaning costs and accountants fees. For a hospital or factory which is heavily reliant on specialist equipment and facilities, this type of insurance needs to be carefully reviewed to ensure adequate cover is in place. For a small clerical business who leases the premises, they may only require some increased cost of working cover should they need to relocate temporarily.
Business Travel & Personal Accident
Business travel and PA can protect the businesses against the impact of unforeseen absence due to accidents and illness of their directors and employees. The types of benefits available could include a one off payment or annual salary for accidental death or temporary disablement. Certain benefits could be offered under the business travel section such as medical expenses, money, baggage and legal expenses.
A legal expenses policy will protect your business against the potential costs of a legal action being brought against you by another individual or institution. This cover can protect the business against health and safety investigations, tax disputes and employment disputes. Most legal expenses insurers will also give their policyholders access to a 24 hour legal assistance helpline.
It is a legal requirement to have a minimum of at least third party insurance cover on any UK registered vehicle. If your organisation owns, leases or hires cars or vans, you will need a suitable insurance policy which provides the right level of cover for your motor vehicles.
Trade Credit Insurance
As someone running a business, you will be only too aware of the damage that bad debts can have on the health of a company. Unfortunately, bad debts are a fact of life, and the effect of a major loss could wipe out a year’s profit or worse. If you are looking to expand your business into new markets or territories but are worried about the risk of non-payment or complicated collection & legal situations, a bespoke Credit Insurance policy could make perfect business sense.
Put simply, a Credit Insurance policy will indemnify you following the insolvency or default of your trade credit customers. A policy will provide valuable information on potential new customers as well as existing accounts. It is commonly referred to as ‘sleep insurance’ as it allows you to concentrate on running your business without worrying about your largest customer going bust.
Depending on your requirements, we can also arrange a number of additional benefits on your behalf, including:
FREE health and safety resources
Fire Risk Assessments
Building insurance Valuation
Health & Safety Consultancy
We work with many industry professionals who can arrange a wide variety of bespoke cover therefore, if you don't see what you are looking for please get in touch with our friendly team who are happy to guide you.