primbondh/ March 17, 2022/ business insurance

Aviva Risk Insights Report Discover the latest research to learn about the key risks UK businesses are facing today. Business Vehicle and Van Insurance Cover your business vehicle with our comprehensive or third party, fire and theft insurance. Different businesses will need different levels of cover, so the cost of insuring a business will differ. We let you design your own Small Business Insurance, so you’re in control of what aspects of your business you insure and how much you pay.

When you run a business, you don’t have time to spare working out what insurance you need. You’re too busy to work out the ins and outs of public liability or professional indemnity insurance. So we’re spending our time in keeping things as simple as possible – so you can get properly protected, pronto. If so, you’d be relieved if you hadpublic liability insurance. If things do go wrong, pays your legal costs, picks up your repair bills and covers any compensation.

Professional indemnity insurance can cover compensation claims made against you by a client because you’ve made a mistake in your work and they’ve suffered a financial loss as a result. Depending on what you do, you can also choose up to £5 million professional indemnity insurance. The same rules apply – the bigger your client, a higher the level of cover needed. Business insurance gives you protection from everyday business risks to large, unexpected compensation claims.

If you hire employees, you are legally required to take out at least £5 million in employers’ liability insurance. To understand your legal responsibilities and what the exceptions are, read more about employers’ liability here. Different businesses require different types of insurance, that’s why we let you pick and choose the covers that go into your policy.

  • You can also add additional business insurance covers to protect your buildings, contents, business equipment, tools, and stock.
  • Get a quote tailored to your workplace needs in minutes with Hiscox.
  • Public liability is one of Aviva’s core covers you’ll need to buy in order to access our other flexible cover options.
  • To understand your legal responsibilities and what the exceptions are, read more about employers’ liability here.
  • In most cases, business insurance is optional, but some clients and companies may require proof of insurance before agreeing to work with you.

You can pick from a range of cover options to get a bespoke policy for your business. We offer 50 years experience in delivering market-leading fronting and captive solutions worldwide. We deliver flexible programs that leverage our experience across the globe to help your company reduce risks. Charlotte Lawson sheds light on a lesser-known type of commercial cover, outlining the importance of trustee insurance. Read this explainer to learn more about the employers’ liability certificate and how to display yours correctly.

What If My Trade Is Not Mentioned On The Online Quote Tool?

business insurance is typically made up of public liability, employers’ liability, professional indemnity, and buildings and contents insurance. Depending on what your business does, you can also add protection for terrorism, defamation, equipment – and much, much more. Because your business is unique, so your insurance needs to be too. If you have employees, it is a legal requirement to take out employers liability insurance.

business insurance

Other types of commercial insurance can help to recover your IT systems and safeguard property and specialist equipment. Employers’ liability insurance can cover workplace injury or damage claims made by a member of staff. If you have premises – like a shop or an office – our business contents insurance will protect you up to the level of cover you choose.

Business Insurance Made For You

Concentrate on your good cause and get the right cover for your organisation, whether you’re large, small, grass-roots or anything in between. We help charities, clubs and community groups find the cover they need, including trustee insurance and public liability insurance. We offer additional insurance cover for tools, stock and equipment, plus commercial landlord cover for buildings, contents and loss of rent. Protection against claims for property damage when working on-site or at a client’s home.

Cyber Liability

Our FAQ guide to cyber-attacks for small businesses runs through the basics, key statistics and some things you can do to stay safer online. Hiscox offers specialist cover for all kinds of companies, from new micro-businesses to family enterprises and growing SMEs, across a wide range of industry sectors. We may be able to offer you cover based on your business sector.

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