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businessinsure
One important question that all businesses have to ask is - what insurance
do I need?

Most businesses will have a requirement for some insurance. This could be
insurance that you must have as a legal requirement. Or it could be cover that a sensible and prudent business will take out to protect the business in the event of loss, damage or a claim against them for damage or negligence.

The best way to understand the insurance cover that is required is to talk this through with an independent insurance broker. You should always ensure that the broker specialises in business insurance or commercial insurance. Also, with effect from 15th January 2005, all insurance brokers must be authorised and regulated by the Financial Services Authority.

You should always get more than one business insurance quote so that you can compare not only the price that has been quoted but more importantly the insurance cover provided. There is little point in purchasing a "basic" insurance cover that does not provide you with the level of cover you need.

When you receive a quotation you should ask who the insurance company is that is "underwriting" the quote. If it is an insurance company that you have never heard of you should ask the broker to provide more information on the stability and claims paying record of the insurer in question.

There are four main categories of cover. Please click on the following links for more information.
What business insurance do I need?
1 - Liability insurance - including Employers Liability which is required by law if you employ people or if you are a limited company. The other main liability covers are public liability insurance and products liability insurance.
2 - Building insurance - including property owners liability. This is for the "bricks and mortar" and can also include the fixed glass and sanitaryware (sinks etc) and loss of rental, either payable or receivable in the event of an insured loss.
3 - Business assets and equipment insurance - both at the business premises and whilst away from the business premises anywhere in the world. Policies will normally cover business assets whilst at the business address only (with temporary removal allowed for cleaning). You will need to specifiy those items you need insured away from the business premises. Such as laptops and mobile telephones belonging to the business.
4 - Business motor insurance. There is legal requirement to insure for at least third party damage insurance. This relates to you driving a vehicle and causing injury or damage to another person (ie a third party) or property belonging to a third party (ie another vehicle or a building) 
quoteline 08456 024 589
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