When running a company it is easy to see the assets that need protecting from damage or theft. When that company is digital you might think that the need for insurance decreases, when in fact you still should be covered to ensure that you are able to continue working and bringing in that vital income if something bad should happen, which is where online business insurance comes in. We cover a wide range of industries and trades including home workers and many different types of professional consultants.
When you do have goods that you distribute to paying customers are you protected if anything happens to them while in transit? How would you replace the goods if they were stolen or damaged in a fire or flood at home? Would you be able to maintain your customers while you were trying to raise the money needed to reopen your virtual doors? Insurance is able to help you deal with all of these problems effectively.
Digital Services Still Benefit from Insurance
Even though you might offer a digital service and have no physical stock to speak of you could still benefit from a certain level of cover. Most internet traders do not realise that their home insurance will not be able to help recover the costs of replacing expensive equipment, and certainly would not compensate you from any loss of earnings caused by any problems. You should also ensure you have the right professional indemnity insurance in place to protect against consequences of your advice that may not be positive.
Flexible Policies and Affordable Premiums
You can find online business insurance which is flexible so that you do not need to pay for more than you may require. By choosing to have a policy specifically designed for your company it is possible to protect your income in the face of disaster.
It is also important to consider the importance of product liability. If you are creating goods and selling them to customers online it is worth knowing that legislation such as the Consumer Protection Act 1987 requires you to have some sort of liability insurance in place. You can find online business insurance that has included this cover in the very core of the policy, protecting you from any problems which may arise concerning the items that you have made and sold online. Call us for information on the exact insurance to suit your business needs.