Mon. Sep 26th, 2022

The claim covered the treatment and pain suffered by the customer, as well as the cost of their sick pay. The Buncefield oil depot fire of December 2005, for example, left many small businesses facing ruin. We even create customised small business insurance cover for more unique needs, such as home tutors, publishers and charities. Insurance is an important consideration for any UK-based small business, whether you run a busy consultancy firm, local architect office or hair and beauty salon. Buying the right policy allows you to focus on what you do best, while we look after your everyday risks.

  • Without it, you could be fined up to £2,500 a day for each employee.
  • Depending on your profession you may need public liability insurance, professional indemnity insurance, contents insurance or other types of cover.
  • Tools, Stock and Business Equipment Insurance If you work from home and don’t own or rent business premises.
  • With AXA’s public liability insurance, you can choose to take up to £5 million cover.
  • We won the Feefo Gold Service award in 2017 and our offering was upgraded to Platinum Service status in 2020 and 2021.

With our Risk Management Rebate on offer all year round, we can help you take the ‘risk’ out of ‘management’. Start your quote today by giving a small amount of information about you and your business. Business Vehicle and Van Insurance Cover your business vehicle with our comprehensive or third party, fire and theft insurance. Tools, Stock and Business Equipment Insurance If you work from home and don’t own or rent business premises. If someone in your business is unable to work due to a temporary injury, then after 7 days we’ll pay their normal net weekly earnings up to £500 for up to 104 weeks. Get the support of a dedicated claims handler should the worst happen.

This covers work that is in progress that is damaged by an insured event, such as a fire, flood, vandalism or theft. Add any of the following cover options to your Small Business policy and create commercial insurance that fits your business needs. Employers’ liability insurance is there to protect your staff. At AXA, we’ll give you £10 million as standard, for complete peace of mind. The higher the level of protection you choose, the more protected you’ll be if you’re faced with a claim for compensation.

We Offer Insurance For A Wide Range Of Businesses, Including:

Luckily, he had business insurance to help him cover the costs to his business. Business insurance typically protects the interests of a company or trading entity. However, sometimes a personal version – known as management liability cover – becomes relevant to protect leaders from personal risk. Such people might include the directors of small businesses and non-profit trustees. In fact, Hiscox business insurance can support UK-based firms that trade with tools as well as those dealing in services, professional advice and knowledge. This means gas and heating engineers can benefit from our products, as can recruitment consultants, management consultants and marketing and media agencies.

We’ll replace your essential tech within 24hrs of claim approval, with Business Tech Essentials. From skills to ideas, apprentices can bring big benefits to small businesses. A guide to National Insurance and preparing for the cost of having employees. AXA Business Insurance is designed to keep your business running, whatever lies ahead. With AXA Landlord Insurance, we make protecting property simple.

How Much Does Small Business Insurance Cost?

At Simply Business, we help small businesses find the right insurance. In our new TV ad, we’re showcasing some of the best names in business. The business sees itself in partnership with its clientele – bringing together a deep knowledge of the client’s business with our own market research and industry expertise. More than any other provider, we believe in ‘relationship insuring’. If you’ve 0-9 employees, you can get a quote then buy, all online. A micro business is defined as an enterprise that employs nine people or fewer.

If you have employees, it is a legal requirement to take out employers liability insurance. Depending on the nature of your business, you may be required to take out other types of insurance too. Get a quote to fully understand your business insurance needs. Event organisers, for example, may need to see proof of public liability insurance before letting you trade at their craft fair. A business professional may require you to show proof of professional indemnity insurance before hiring you as a consultant. Professional indemnity insurance covers any legal and compensation costs you are required to pay.

By jimmy