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Business insurance is a general term for insurance products that are designed to meet the needs of PLC’s, limited companies, business partnerships, sole traders and the self employed.
Public liability insurance provides cover against the legal and any compensation costs should you or an employee damage a third parties property or cause injury to a third party. Proof of an appropriate level of public liability insurance cover is often a requirement of many companies and local authorities commissioning or awarding any contracts to consultants, trades people or companies.
Employers liability insurance is a legal requirement in the UK , even if you only employee sub contractors you may require employers liability insurance. Failure to have appropriate employer’s liability insurance in force at all times can result in a heavy fine and possible imprisonment.
Professional indemnity insurance is designed to protect companies and individual consultants that provide advice. This protects your business against compensation sought by a client if you have made mistakes or are found to have been negligent in some or all of the services that you provide for them. Professional indemnity insurance will also cover any legal costs.
Directors liability insurance protects directors and company officers form the legal and compensation costs of claims made against them personally, including As a result they can be held responsible for a range of issues including: health and safety, data protection maintaining satisfactory accounts, fraud or negligence Landlords insurance is a specialist buildings insurance policy that insurers landlords residential or commercial property for the rebuilding costs, should the building be subject to catastrophic event such as fire, flooding or subsidence. Landlords insurance is usually a requirement of any mortgage lender ie: if you do not have adequate landlords insurance in place a lender may not release any mortgage funds.
Motortrade insurance has been uniquely developed for companies and individuals working in the motor trade industry. Motor trade insurance covers customer’s vehicles whilst in your procession, and allows you to drive vehicles in connection with your motor trade business.
Commercial vehicle insurance often known as van insurance works in a similar way to car insurance, with different levels of cover including third part only, third part fire and theft and fully comprehensive insurance. Premiums will depend on the vehicle, type of business you are in and number and age of any drivers. With commercial vehicle insurance you can often add additional policies to cover goods in transit and tools cover. Compare Crazy the business comparison site Links |
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