Business Insurance To Protect Your Company

Insurance policies come in packages, offering a range of different cover and optional extras. It’s important to remember that the cheapest quote isn’t always the best one, it’s about finding the right cover for you and your business. Finding the right policy shouldn’t be time consuming or complex. So whether you own a pharmacy or commercial property, get specialised cover, without the headache. Some businesses may also want to consider insuring against legal liabilities and buying life and health cover for staff.

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. Details on how to retrieve a quote plus contact numbers for all your queries including details for making a claim. Lloyds Bank Business Insurance Services are arranged and administered by Arthur J. Gallagher Insurance Brokers Limited.

It makes sure you’re protected if an employee is injured on your premises or becomes ill and they claim it’s because of something that happened at work. As well as full-time employees, you might also need cover for part-time staff, volunteers and casual helpers. An employers’ liability insurance policy minimises disruption by helping with the costs of defending or settling a legal claim. Employment practices liability is slightly different and protects the managers of a business against employee claims.

The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group. I started the UK’s first quote-and-buy-online small https://www.themotorettes.com/ broker in 1998. My own cover was complicated and time-consuming to sort and I figured there must be another way.

We’ll be there to help with compensation costs and legal fees so you can get on with running your business. If your business has staff – even if they’re volunteers, apprentices, contractors or temporary – then employers’ liability insurance is a legal requirement under the Employers’ Liability Act 1969. With AXA’s public liability insurance, you can choose to take up to £5 million cover. Remember, some clients or contracts might expect you to have a certain level of cover before working with you.

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. Depending on the nature of your business, you may be required to take out other types of insurance too. We will discuss the liability insurance you need and the level of cover you require and obtain quotes from a number of specially selected insurers to allow you to choose the right policy.

Customer data is a critical asset for businesses – and an attractive target for criminals. As cyber crime becomes more complex, businesses need to have up-to-date protections in place. Eligible deposits with us are protected by the Financial Services Compensation Scheme .

It provides cover against the cost of compensation claims and legal fees if a third party is injured, or their property is damaged, due to your business. If things do go wrong, https://www.wikipedia.org/ pays your legal costs, picks up your repair bills and covers any compensation. You’re free to keep running your business, safe in the knowledge you’ll still have one when it’s all over. Does your product liability insurance cover the real costs of a product recall?

Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered. Just friendly, helpful advice from a business insurance professional. Hassle-free protection for freelancers, sole traders and limited companies – with priceless advice and award-winning service thrown in. 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. If a client loses money or their reputation is damaged because of your advice, services or designs, this will cover unexpected mistakes.