If we were to put up a blog entry that really did explain everything you needed to know about commercial insurance, you would still be reading this at Christmas.
Commercial or business insurance is purely and simply, cover that any form of commercial venture (including a charity), will require. This can also extend to commercial building insurance as the building is not owned for personal, residential use.
Instead of reading through reams and reams of paper work, there is a much easier, and free, way to understand more about what can be a confusing subject.
Throughout the UK, there are thousands of individual, independent, business insurance brokers. To be able to trade, they have to achieve certain financial, compliance and training standards and as a result they will be authorised and regulated by the Financial Services Authority. Without this approval, they simply cannot trade. So, they make sure that they offer good, quality advice because, if they didn’t, it would cause problems later on if they lost their approval, or licence, to trade.
So, if you are loking for a commercial insurance quote or are confused about an exisitng policy, speak to a broker. The good thing is, brokers such as businessinsure will give you advice, whether you are a customer or not.