Depending on the type of business you run, you might work from home, in an office, at your shop, a client’s premises or a shared working space. If your working premises became unusable due to an insured event like a fire or flood, business interruption will cover the costs of relocating until it’s fixed. It can also cover you for any lost turnover during this time if you’ve insured your premises or business property with us. If the people in question pursued legal action against you, public and product liability insurance would cover the costs you are liable to pay. 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.
Different businesses will need different levels of cover, so the cost of insuring a business will differ. We let you design your own Small https://www.treadmillsandellipticalmachines.com/, so you’re in control of what aspects of your business you insure and how much you pay. Crime reference or proof of damage and proof of ownership needed. You’re covered for theft of tools when they’re locked in your vehicle overnight that’s parked on your drive, the street or if you’re working away.
Insure your business contents so that if they’re damaged by an insured event, such as fire or theft, your business keeps going. Protection against claims for property damage when working on-site or at a client’s home. Also covers claims for accidental injury from a client, visitor or member of the public.
We know how important tools and equipment are for tradespeople. So, when it comes to tools insurance, we’ve nailed it. Pays the legal costs of providing specialist lawyers and taking action against many common legal problems, for instance disputes with suppliers or clients. Professional indemnity is useful if your business offers a service or requires you to give advice to clients. If you make a professional error or give advice that is deemed negligent, you could be taken to court. You can pick from a range of cover options to get a bespoke policy for your business.
Business interruption will also cover you if key equipment that you use to run your business, like a laptop, is damaged or stolen, meaning you can’t trade. Our different cover options allow you to insure your business equipment and stock at your premises, when you’re on the move, or both. Whether you work at home, at fairs, in shared workspaces or visit a lot of clients, we’ve got you covered. And when you insure stock at your premises or home, you’ll also get an extra 25% of stock covered for two months of your choice as standard, ideal for your busiest periods.
Professional indemnity insurance covers any legal and compensation costs you are required to pay. Clients will often ask to see proof of professional indemnity insurance before agreeing to work with a new contractor. To help you replace your essential tools or equipment quickly, if they’re stolen or damaged, so you can get back to https://www.wikipedia.org/ work. You contact us as soon as you can between 8am and 6pm, Monday to Friday and after a few checks, we transfer up to £1,500 to you, within 24 hours. This covers work that is in progress that is damaged by an insured event, such as a fire, flood, vandalism or theft. We can cover the costs required to repair or redo the work.