Business insurance cover helps to protect businesses against operational losses. During the normal course of business events outside of your control can arise that could result in a financial loss to your organisation. Business insurance is essential cover to protect both you and your business.
Whether you need business insurance or not depends on the type of business you operate. If you employ staff, it is a legal requirement that you have employers liability insurance. Does your business interact with members of the public? If so, you will need public liability insurance – it doesn't matter whether it's on your premises or theirs. Whereas professional indemnity insurance cover may be required by regulatory bodies that you operate under.
Outside of this, whether you need business insurance or not depends on the potential risks you face and the value you see in obtaining cover. What would you do if your business was interrupted and trading became limited or ceased for a period of time? Can you afford to lose your income?
Business insurance cover can help protect you from these uncertainties. Comparing business insurance will allow us to understand you and your business insurance needs.
Employers' liability insurance is a legal requirement for any business employing staff. Designed to protect both your employees and your business against the cost of claims for compensation. Claims can be made by employees including illness or an injury that has occurred as a result of working for you. This is critical for the protection of your employees and your business, without it, you could be breaking the law.
If your business interacts with members of the public, onsite or offsite, you will need public liability insurance. Public liability insurance covers two main areas; property damage made to a third party and bodily injury.
A public liability insurance policy will cover compensation claims made against your business. This includes associated legal costs to both the claimant and you, should your business be deemed as responsible for the claim.
Professional indemnity insurance is essential for businesses who offer advice or services to others. Should a client make a claim that the advice or service from you has resulted in a loss in revenue or damaged their reputation, it's beneficial to have professional indemnity cover.
This type of business insurance will help protect you against claims of negligence.
Are you a manufacturer, wholesaler or retailer selling products? If so, you may want to consider obtaining product liability insurance. An insurance cover designed to protect you against claims made from products sold that lead to personal injury or property damage.
Businesses who supply products to customers have a duty of care to ensure that the product being sold is fit for purpose. Compare product liability insurance online to understand if your business requires this level of cover.
What would you do if there was a disruption to your business outside of your control and you couldn't operate as usual? Can you afford the financial loss?
Business interruption insurance is a policy that's designed to give your company protection. Should your business face a financial loss due to an unforeseen event, having cover will help aid this whilst fully or partially closed.
Types of disturbances covered include; severe building damage, failure of utilities, supplier failure, customer failure, infectious disease amongst others.
Business insurance costs will depend upon the types of cover you're looking for, along with the size and nature of your business, how much excess you're willing to pay should a claim arise.
The following is taken into consideration when quoting your business insurance policy:
Policy prices for business insurance vary quite significantly, as every business is different with your own unique cover requirements – there is no “one policy fits all” solution. That's why we offer a business insurance comparison service. We'll help compare insurance providers to find you the cheapest business insurance, without compromising on cover.
Comparing business insurance with BusinessComparison offers many benefits, including:
We only work with a panel of trusted suppliers Compare multiple business insurance products in one place suitability, if your business doesn't tick all the usual boxes, we will do our best to find you the right solution. We compare cover across the market, to provide you with the best deals. Our comparison service has been designed to help find you the best business insurance and save you time and money. We work with market leaders such as AXA, NIG, Aviva, Hiscox and more.
Compare and find business insurance online with our easy to use insurance finder service. Tell us a bit about your business and what you need, and we'll work out the best business insurance for your requirements.