Understanding internet traders insurance
Specialist insurance for home based internet traders
In an ever-growing digital world, internet trading businesses are rapidly increasing. If you run an internet-based business and buy and sell goods or services over the internet, you will need to look at your business requirements for a tailored internet trader’s insurance policy; as a home worker you cannot assume your existing home insurance policy will protect your activity.
Talk to us today and allow us to compare quotes for your internet traders insurance.
What your Internet Traders Insurance policy includes
Public & Product Liability
Product Liability is not a compulsory class of insurance, although legislation says that the Consumer Protection Act 1987 and the EC Directive on Product Liability (25/7/85) requires those manufacturing and supplying goods to carry some form of product liability insurance. No need to worry, as our internet trading insurance policy includes Public Liability & Product Liability cover as an integral part.
Legal Expenses cover for internet traders
This cover protects your business if a claim is made against you and you need to pursue or defend your claim.
Goods in Transit
Should your Internet business deliver goods to your customers, Goods in Transit insurance will cover these goods as they are being delivered.
If you hold money from your business at your personal home our policy will provide protection for this whereas your standard home insurance is unlikely to do so.
Stock Damage cover protects the contents of your premises, which are insured against loss or damage caused by risks normally associated with your trade. This cover also provides protection for automatic increase in stock levels due to seasonal demands such as Christmas.
Employers Liability cover
Employers Liability cover for up to 5 employees.
Benefits of having internet traders insurance
Running an online business from home can be both enjoyable and challenging, and you may assume your home insurance will provide the right cover. However, your stock and liability covers are unlikely to be insured, which is why it is important to have a comprehensive tailored internet traders business insurance policy for financial security.
Designed for home workers
At The Insurance Octopus, our business insurance is designed for small traders and businesses without established commercial premises, making it an ideal option to keep you covered. Our specialists will be able to talk to you and offer as much advice as possible to help choose the right cover for you. As a result, you will be able to continue your business activity as normal, with the added peace of mind that you are completely covered through The Insurance Octopus.
Compare personalised quotes
When considering taking out a policy, one of The Insurance Octopus internet traders specialists will discuss your business requirements with you and compare personalised quotes from a number of major UK insurance providers. You will get a bespoke policy that ensures you only pay for the cover you need. We can add cover for goods in transit, business contents and legal fees, plus provide options for cover in sector-specific situations as required.
Why choose us for your Internet Traders Insurance?
We proudly make buying insurance different and our cover comes with a range of benefits.
Up to £5 million of cover
Claims can be expensive, that’s why we offer up to £5 million worth of public & product liability cover for a wide range of internet traders.
Fast specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
A specialist who knows your industry
We'll connect you with an agent who specialises in your field. They understand many of the challenges you face, and can truly get to grips with the type of cover you need.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
Octopus customer rewards
We pride ourselves on the value we offer our customers, and with Octopus Customer rewards we give our customers a few additional benefits to their insurance such as discounts and offers to save them money.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.