primbondh/ November 11, 2021/ business insurance

An online quote for Hiscox business insurance can be saved for later – you’ll just need to create an account and log in to retrieve it. If you aren’t ready to purchase cover just yet, opt for us to stay in touch when you choose cover and we’ll keep you updated with the latest products, price points and special offers. The total cost of your business insurance policy is dependent on the type of cover you need, the value of that cover, and any risks specific to your company operations or industry.

However, sometimes a personal version – known as management liability cover – becomes relevant to protect leaders from personal risk. Such people might include the directors of small businesses and non-profit trustees. We know that with the right insurance, your business can flourish even when faced with a challenge.

You can get business insurance before you’ve started trading – and before you have even registered your business. And when you’re ready to buy, you can pay annually, or to help spread the cost, you can choose to pay monthly . Get AXA’s award-winning home insurance online and protect yourself from major risks like flooding and fire. Will offer protection should they have an accident or suffer an injury while on your premises. Cyber insurance, which covers you for losses relating to damage to, or loss of information from, IT systems and networks. Our team of expert advisors can help you find exactly the right protection to cover every area of your liability.

business insurance

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.

What Business Insurance Do You Need?

The cost of your policy will depend on several factors, including the nature of the business you run, the type of insurance you need, and the cover levels you choose. Find out more about the difference between public liability and professional indemnity. Our private health insurance gives you fast access to eligible health treatment when you need it. Though it’s not a requirement to have business insurance when working from home, there are some different types of insurance that it might be worth considering. Business insurance can also offer credibility to your business, demonstrating to prospective customers and potential employees that you are trustworthy to do business with. Insurance policies come in packages, offering a range of different cover and optional extras.

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. In fact, Hiscox can support UK-based firms that trade with tools as well as those dealing in services, professional advice and knowledge. This means gas and heating engineers can benefit from our products, as can recruitment consultants, management consultants and marketing and media agencies. You can also add additional business insurance covers to protect your buildings, contents, business equipment, tools, and stock. Public liability insurance can cover compensation claims made against you by a member of the public for injury or damage caused by your business.

  • Corporate Insurance With our Commercial Select insurance policy, you can protect yourself, your employees, and your business assets.
  • When you’re buying business insurance, you probably won’t be asked for your company registration number or other registration details.
  • With AXA’s public liability insurance, you can choose to take up to £5 million cover.
  • If you’re still not entirely sure what business insurance you need, that’s okay.
  • Other types of commercial insurance can help to recover your IT systems and safeguard property and specialist equipment.

If this happens and they get their hands on your data or access to your bank account, the impact on your business could be devastating. Our business interruption cover can insure you if you or one of your key employees becomes seriously disabled and is unable to continue work. We will cover the incurred costs, up to £25,000, to minimise any interruption to the business.

How Much Does It Cost To Insure A Small Business?

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.

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.

Share this Post