It does so by transferring certain potential risks of the transaction to an insurance policy. Our CyberEdge product covers the obvious and less obvious risks facing businesses that deal with electronic information. We even create customised small business insurance cover for more unique needs, such as home tutors, publishers and charities. You can buy your business insurance before you have your trade licence in place yet. However, once you start trading, if your business still doesn’t have the necessary licences, your business insurance may be invalid and claims may not be paid.
This does not include regular items in your toolkit, like a hammer. Technical experts will help fix your IT issues and provide advice on how to prevent future cyber incidents. You get access to public relations and crisis management experts to minimise damage to your brand and business. Get the support of a dedicated claims handler should the worst happen. Your new insurance quote or renewal premium from any other insurer.
Why Do I Need Business Insurance?
This depends on the type of business you run and the risks you face. We don’t need your company registration number or any business registration information. All we need are details on your business address, trade type and your actual/projected turnover.
Read our guide to managing small business risk in association with Courier magazine to make sure your small business doesn’t get caught out. When you run a quote you can select your trade from over 1,000 options. Simply Business research highlighted some of the key barriers women face as business owners, as well as opportunities ahead. From skills to ideas, apprentices can bring big benefits to small businesses. With van insurance from AXA, you can choose the right kind of insurance to fit your needs.
- It’s a fine line to tow – you only want to buy and pay for the cover your business needs, but you also want to make sure that you’re properly protected should the worst happen.
- See the benefits of Contaminated Products & Defective Products insurance from AIG.
- We offer 50 years experience in delivering market-leading fronting and captive solutions worldwide.
- It can also cover you for any lost turnover during this time if you’ve insured your premises or business property with us.
It’s easy to contact us by phone, email, letter or social media, and our award-winning service has led to 9/10 customers rating us good . So if someone is injured or becomes ill as a result of working for you – even years down the line – you’ll have confidence in knowing you’re covered. The higher the level of protection you choose, the more protected you’ll be if you’re faced with a claim for compensation. Choose too low a level of cover, and you’d be personally liable for any shortfall should a large claim be made against you.
With AXA, you can add a standard £1 million of professional indemnity cover to your business insurance. The cost of business insurance will vary depending on what type of business you are running, as well as the specific insurance needs of your business. The level of cover you need will ultimately determine the cost. Product liability insurance can protect your business if a customer makes a claim against a faulty product you’ve made. For example, if you’re a manufacturer and a customer makes a claim after purchasing a product from you that doesn’t work properly. Corporate Insurance With our Commercial Select insurance policy, you can protect yourself, your employees, and your business assets.
Theft of Takings covers cash or cheques stolen from you in transit, from a safe or on you while you’re working at other premises, such as your clients’ homes. And now with Business Tech Essentials, if your essential tech is stolen or damaged, we’ll replace it within 24 hours from claim approval. This would cover the costs of replacing or repairing things like your broken boiler http://www.bakkerenleenheer.com/ and fire/burglar alarms, as long as the damage is not due to wear and tear. Whatever you do for a living, we offer superior service and continual innovation, as seen with ourCyberClear Academy. We won the Feefo Gold Service award in 2017 and our offering was upgraded to Platinum Service status in 2020 and 2021. This independent seal of excellence is rated by real customers.
Covers the time and money needed to put your business back together following a cyber-attack. This includes the costs of repairing hardware and restoring data, compensating customers, and covering lost income when you’re offline. Covers allegations and claims made by staff that your business has made them ill or injured them. Legally, any UK business with employees has to have employers’ liability insurance. ‘Employees’ in this case includes volunteers, temps, work experience kids and even people lending a hand.