Business Insurance business insurance

If you do employ anyone, you’re usually required by law to have employers’ liability insurance too. We’ll be there to help with compensation costs and legal fees so you can get on with running your business. If so, you’d be relieved if you hadpublic liability insurance.

Business insurance is typically made up of public liability, employers’ liability, professional indemnity, and buildings and contents insurance. Depending on what your business does, you can also add protection for terrorism, defamation, equipment – and much, much more. Because your business is unique, so your insurance needs to be too. This will depend on whether you have employers’ liability insurance in place. Public liability insurance is designed to protect your business against the consequences of legal action brought by members of the public for injuries or damage to their belongings. But when it comes to your employees causing injury or damage, this protection only activates if you also have employers’ liability insurance.

We aim to take the hassle out of buying a policy, helping you focus on your big dreams. And as a B Corp, giving back to the communities we serve is a priority. Our score is based on the reviews we’ve collected on Feefo, the independent customer research specialist.

Personal Accident

Employment practices liability is slightly different and protects the managers of a business against employee claims. Public liability insurance protects you and your business if someone claims their property has been damaged, they were injured or fell ill because of you or one of your employees. Whatever you do for a living, accidents can happen, and they’re not always directly related to the job. If a customer, courier or passer-by makes a claim, a public liability insurance policy covers any legal and compensation costs.

  • START A NEW BUSINESS INSURANCE QUOTE If you’ve completed an online quote with us and saved it, you can retrieve your quote online for up to 30 days.
  • Add any of the following cover options to your Small Business policy and create commercial insurance that fits your business needs.
  • We know how important tools and equipment are for tradespeople.
  • Above all, the business develops its competitive advantages through the dedication of its team, career development, continuous learning, deepening knowledge and specific industry expertise.
  • As well as full-time employees, you might also need cover for part-time staff, volunteers and casual helpers.

If your business has staff – even if they’re volunteers, apprentices, contractors or temporary – then employers’ liability insurance is a legal requirement under the Employers’ Liability Act 1969. With AXA’s public liability insurance, you can choose to take up to £5 million cover. Remember, some clients or contracts might expect you to have a certain level of cover before working with you. For example, if you’re working for a large organisation or council authority, they’ll likely need you to have a higher level of cover. It is possible to take out business insurance before you receive your trade licence. This offers the reassurance that you’re covered as soon as you launch your business.

Insurance Commercial insurance from RAC, covering Pickup trucks to Public Liability. Each insurer looks at CCJs and IVAs differently – some apply stricter rules than others, but having a CCJ or IVA doesn’t necessarily mean you won’t be able to buy insurance. A third of businesses had no plans to deal with the impact of a storm, while nearly a third only had “rough plans”.

Why Choose Direct Line For Business?

Small enterprises in particular suffer severe financial loss if closures prevent or restrict trading over a period of weeks or even months. In research conducted by Populus, figures show that alarming numbers of SMEs are not prepared to deal with sudden crises that jeopardise their business. Sole traders, consultants and the directors of limited companies can all benefit from our commercial covers. Hiscox offers specialist cover for all kinds of companies, from new micro-businesses to family enterprises and growing SMEs, across a wide range of industry sectors. If you’re working for client who has asked you to complete a questionnaire regarding your insurance coverage, please send this to us via email. Our standard turnaround for a response on these queries in most cases 48 hours.

Cyber & Commercial

Choose too low a level of cover, and you’d be personally liable for any shortfall should a large claim be made against you. Whether your shop is online or on the high street, we’ve got you covered with our contents insurance for businesses. With our business insurance you can easily combine different covers and choose from a list of add-ons. You’ll leave with business insurance unique to your business, no-one else’s.

Government figures suggest nearly one in five businesses suffers a major disruption every year. Further research suggests 80% of businesses affected by a major incident close down within 18 months, and 90% of those who lose their data are forced to close down within two years. Learn about insurance for the self-employed before you get started. Read our guide to managing small business risk in association with Courier magazine to make sure your small business doesn’t get caught out. If you’re still unable to find your occupation at this point, give us a call and one of our staff will be happy to help sort this for you.

If your policy remains as a manual renewal your cover will not renew. This means that your business will not be insured unless you have sourced cover elsewhere. If you’ve changed your mind within your renewal window, you can come back to this page at any point during that time to accept your renewal quote. Once you’ve bought your policy, you can access all your documents through your online AXA account. When you’ve logged in, pick the policy you need to update, click the details you want to change and follow the on-screen help to make your change. You can make changes to your policy in your AXA Account – your personal and secure area of our website.