Small business insurance

If you run a small business in the UK then you will want to ensure you have adequate insurance in place to provide a level of protection for your business. The chances are you want to insure your liability for the actions you carry out during the course of your day to day working. If you have any employees then you will need to ensure you have employers liability which is a legal requirement and failure to have cover in place could result in a daily fine untily ou rectify the sitation by arranging cover.

The term small business insurance could refer to several different types of policy, for example liability, landlord and even buildings insurance which is why as a broker we can provide several different types of policies to best meet your needs as a small business. We understand that as a smaller company every penny counts which is why we deal with a panel of different insurers to compare quotes from each one and negotiate a low premium for you.

When looking into small business insurance we recommend that you consider it as part of your ongoing business plan since if the worst was too occur then it could cause huge financial losses to your company. You will probably want public liability which provides cover for you during the course of your occupation for injury or property damage you cause to a third party, a classic example would be if you were a builder and whilst carrying your ladder into the clients property you accidently knocked over an expensive vase.

You may want to insure the building you use for your business against perils such as fire, flood, earthquake, subsidence and such like. We recommend that at minimum you have your building insured since this is probably one of the largest assets your company has and as such if you dont have small business insurance in place you could ultimately loose a huge amount of money should the worst occur and you have to pay out for repairs.