As a business owner, running your business can be a challenging and time-consuming task. But it can also be rewarding, which is why financially safeguarding your business, property, products and yourself with the right type of business insurance is key. With a vast range of specialist insurance and policy types available, here’s a rundown of some of the most popular covers for your business.
Do you have the correct business insurance covers for your business?
Professional Indemnity Insurance protects your business from claims that can be made by unhappy clients or customers for instances of negligence, dishonesty, defamation, infringement of intellectual property rights and loss of data. We can all make mistakes but if this turns into legal proceedings then the results could affect you financially.
Public Liability Insurance is not compulsory but if customers or clients visit your business premises you may require it. Public Liability Insurance covers you for legal fees and expenses that could result if someone is accidentally injured by you or your business.
Employers Liability is a legal requirement for nearly all businesses that have employees outside of immediate family members. It covers compensation that may be paid to staff that are injured or fall ill whilst working on- or off- site. Cover is available of up to £5million, although on some occasions we can look to insure for £10m.
With the continued growth of the web, internet businesses are growing and if your business is trading from home, Internet Trading Insurance provides specialist cover for online sellers.
Shop Insurance, otherwise know as retail insurance, is essential for anyone in the retail industry and can provide the financial protection you could need against possible risks. Our retail insurance specialists will talk to you about your business and your business insurance will be tailored to your requirements. Our aim is to protect you against any potential risks that could damage your business profits.
Owning a restaurant, public house or bar can be rewarding, but your premises will be susceptible to many risks especially dealing with the public and alcohol in some cases. If your Pub, Bar or Restaurant Insurance is not up to date and includes the right amount of cover you require, you could run the potential risk of losing your financial security.
These are just a few of the policies that The Insurance Octopus can offer to you as a business owner. We make every effort to insure the variety of trades and businesses using our panel of UK insurers. We hope that we can help you in the future.
Why Choose The Insurance Octopus
One of our business insurance specialists will discuss your business requirements with you and look to compare quotes from major insurance providers.
You will get a bespoke policy that ensures you only pay for the cover that you need.
We can add cover for extras which can include goods in transit, business contents and legal fees and provide options for covering you in sector specific situations.
We can also provide you with your business insurance and documents on the same day in most cases*, offering a range of flexible payment options, included Direct Debit.
Get a tailored and comprehensive quote today from The Insurance Octopus.