Otherwise, you could be the one footing the bill, which could lead to financial ruin, business losses and closure. Insurance for businesses is key in protecting business owners and independent professionals from risks such as errors, stolen property, stock and content damage, as well as legal costs from professional negligence. Liability insurance, which covers the cost of compensation claims following fault or negligence brought against you or your business by clients, customers, shareholders, investors, or members of the public. An online quote for Hiscox business insurance can be saved for later – you’ll just need to create an account and log in to retrieve it. If you aren’t ready to purchase cover just yet, opt for us to stay in touch when you choose cover and we’ll keep you updated with the latest products, price points and special offers. Hiscox can also provide other types of commercial insurance, including legal protection cover and office and contents insurance.
However, insurers will need to know details such as your business address, trade type, projected turnover and business structure . Fill in our online form today to get a quote in less than two minutes. We can help you find exactly the right insurance policies to cover every area of your business. We offer a comprehensive range of business vehicle insurance to suit every industry and requirement — saving you time, money and hassle.
Professional indemnity insurance protects you from compensation payments and defence costs if a client thinks you’ve made a mistake or given bad advice (that’s resulted in a financial loss) and makes a claim against you. Read our guide on’What is the difference between professional indemnity and public liability insurance? Compare quotes for stock insurance Stock insurance offers essential cover for all businesses that rely on any type of stock. To find out if your business insurance covers you for closure in a pandemic or as a result of a new disease, you’ll need to check the policy wording to see if it’s included in a list of specific diseases.
Meanwhile, there will be other more general items that you might rely on for your business, like your office furniture or your shop tills. Insure your business contents so that if they’re damaged by an insured event, such as fire or theft, your business keeps going. If there is an insured event such as flood or fire at your work premises, https://www.wikipedia.org/ buildings insurance will cover the costs of repairing the damage, helping you get back up and running. This covers the legal and compensation costs you are required to pay if an employee gets injured or becomes ill because of the work they do for you. Employers’ liability insurance is a legal requirement if you have employees.
Whether you run a business with multiple employees or operate as a sole trader from your spare room, our liability insurance policies can help to protect you and your business. Legal defence costs are included across our public liability policies. A range of limits are available to suit your business and budget, and you can combine the policies you need to ensure your business is adequately protected. Covering compensation and any related legal costs, your insurance can help with this all. Regardless of whether you’re in the business of flowers, pets, clothing or sweet treats, we know that you take great care of your customers, and take great pride in your level of customer service. But sometimes life can take unexpected turns, and even the best staff members can be left dumbfounded.
Should you have any further questions on your policy, our customer support team are always here to help, and can adjust policies based on additions and business updates too. That way, you can ensure continuity of cover, giving you complete peace of mind. When it comes to buying your https://www.thehormonauts.com/, you can do so before your trade licence has been provided. Your insurance company won’t ask for your license details when you take out a policy, meaning you can secure your business insurance before you start trading. The Insurance Octopus can help everyone from tradesmen, hotel managers and office administrators through to shop owners, beauty technicians and pub owners. If you’re in need of a Business Insurance product, we recommendgetting in touch with us todayfor your insurance quote.