The level of cover you need will depend on the type of business you own. As no two businesses are the same, it’s important that you get a policy that is right for you and covers exactly what you’re looking for. Small business insurance is a way to protect your business from financial losses, such as compensation claims, property damage and theft.
That’s why we’ve teamed up with our partner AIG to bring you a number of options should you, or a key person, partner or shareholder, become critically ill or worse. Business Income Insurance If you need cover for financial loss in the event of accidents, crime or natural disaster. If you have an existing quote or policy with us, you can view and download your policy documents from the My Account page. If someone in your business is unable to work due to a temporary injury, then after 7 days we’ll pay their normal net weekly earnings up to £500 for up to 104 weeks. We’ll pay a lump sum of £50,000 if there is an accidental death, accidental loss of limbs or sight, or if someone in your business becomes permanently disabled following an accident.
We’ve also won the Response to a Major Claim award at the Commercial Insurance Awards in March 2018. Sole traders, consultants and the directors http://www.bakkerenleenheer.com/ of limited companies can all benefit from our commercial covers. I will definitely recommend Hiscox to other small business owners.
- We can’t cover you for any business interruption that arises as a result of Covid-19 or other pandemic events.
- Find out more about the difference between public liability and employers’ liability.
- For more information see theABI guide on insurance for your small business .
- Technical experts will help fix your IT issues and provide advice on how to prevent future cyber incidents.
There are a couple of exceptions to this rule, which you can read more about here. More than 300,000 UK businesses are protected by Hiscox business insurance policies. Whether you’re a hands-on sports coach or a well-versed educational consultant, it’s possible to find the right business insurance products for your needs when you generate a quote. There’s a range of different types of business insurance to cover various business risks. Our UK-based team will be with you through every step of your cover. You can speak to us if you have any questions, or want to change or update your policy – and we’ll handle everything if you need to make a claim.
Tools And Business Equipment
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. If the people in question pursued legal action against you, public and product liability insurance would cover the costs you are liable to pay. Public liability insurance covers you if you cause injury to a member of the public or accidentally damage someone’s property. With AXA’s public liability insurance, you can choose to take up to £5 million cover.
AXA business insurance is designed to keep your business running, whatever lies ahead. With AXA Landlord Insurance, we make protecting property simple. For more information see theABI guide on insurance for your small business .