A business professional may require you to show proof of professional indemnity insurance before hiring you as a consultant. 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.
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 http://www.bakkerenleenheer.com/ 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.
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Remember to take into consideration, the value of your stock, shop front and contents. 2 Based on AXA Business Insurance claims made between July 2018 and June 2019. Figures based on business insurance policies purchased direct through AXA Business Insurance online or over the phone. Keep your company up-and-running no matter what with AXA’s business insurance. We offer flexible, tailored cover to help sole traders, self-employed people and small and medium-sized businesses grow. Professional indemnity insurance is also available to trades that also offer professional advice, like electrical contractors or heating engineers.
- More than 300,000 UK businesses are protected by Hiscox business insurance policies.
- Our Buildings and Contents Insurance protects your business’ premises, inside and out.
- Safeguarding the financial security of your business is essential.
- 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.
- Our team of expert advisors can help you find exactly the right protection to cover every area of your liability.
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.
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 .
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 business insurance 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.
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.
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.