The right business insurance is needed to cover all eventualities and being adequately insured is essential no matter how robust your security, safety or protection processes are.

Although liability insurance and building insurance are the norm for most UK businesses there are some additional options that should be considered if a crisis were to arise.

We’ve drawn a quick list of insurance tips and types of additional extras you can get to ensure you choose the right cover for your business:

Contents Insurance & Business Interruption Insurance

In addition to standard contents insurance you should check that fittings, equipment and stock is also covered to protect your business from losses caused by theft, fire or flood. Business interruption cover should also be considered; in the event that there’s an unavoidable crisis that risks affecting your business from operating you can be supported to carry on trading until your business is back on its feet.

Insuring key people

Many small businesses rely heavily on just a small number of employees – which usually includes the manager. Taking out key business insurance for specific people within your business can help to protect against loss in the event of their absences through illness, injury or, in the worst case scenario, death.

If your business is in a high risk flood area

If your property or premises has suffered from flood damage in the past, is in a historical area of flooding or has been identified as being located in a potential flood risk area it can be difficult to obtain business insurance.

The Department for Environment, Food and Rural Affairs have a guide that provides information on how to obtain specialist help on these matters, including information you may be asked to give. It also offers tips on how to reduce the impact of flooding providing the details of key organisations that can help.

Choose the right insurance

Even if you have little risks as a business, you need to ensure you are covered appropriately, no matter what.

With The Insurance Octopus you can compare quotes for specialist tailored insurance to consider the costs against risk to ensure you are suitably covered. Not having the right insurance can cripple a business if something goes wrong and a claim needs to be made, which is why we’re here to help.

The Insurance Octopus can help identify potential risks for your business and help you to find the necessary level of cover. Get in touch with us today to see how we can help.