Business Insurance To Protect Your Company

Our commercial combined policies contain all of the standard insurances. In addition our customers benefit from a range of extra covers and services that other insurers may not provide. These are designed to help our customers reduce their risks of having to claim or to broaden their protection.

There are other forms of liability insurance, such as professional indemnity insurance, which can protect you if you are accused of providing inadequate advice, services or products to a customer. Speak to an adviser to find out which liability insurance you need for your business. Professional indemnity insurance can provide protection for your business when things don’t quite work out as you planned. For instance, https://www.themotorettes.com/ a customer might claim there is a fault with a service you delivered leading to a negligence claim. While you always have the best intention when it comes to what you do for your customers, PI insurance protects you from the cost of unexpected mistakes like these. With professional indemnity insurance, any legal fees and compensation expenses will be covered – so you can continue with business as usual.

This protection means that, should your business suffer an unforeseen knockback, you can feel confident that you and your employees are protected. Meanwhile, your insurer can help to get your business back up and running again quickly. You can get business insurance before you’ve started trading – and before you have even registered your business.

Our advisers can help you to build up your liability insurance to suit you and will be on-hand to give expert advice and assist you if you need to make a claim. Business interruption insurance, or business income insurance, offers protection against loss of income resulting from material damage caused to property. This type of https://www.wikipedia.org/ is invaluable for unexpected situations that cause damage and will keep your company afloat by covering you for loss of income and the costs you incur. 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.

There are a couple of exceptions to this rule, which you can read more about here. Whether you run a small business, a large multinational company or are self-employed, business insurance can help to protect you and your company against unexpected costs. With AXA, you can tailor your business insurance, meaning you only choose – and pay for – the cover you need. And if you’re confused about what to choose, don’t worry, our Business Insurance Wizard can help. At AXA, we’ll give you £10 million as standard, for complete peace of mind. The higher the level of protection you choose, the more protected you’ll be if you’re faced with a claim for compensation.

Read our guide to understanding insurance terms to stay in-the-know. We tailor all our policies, so your documents only show what you’ve chosen to cover. If you have an existing quote or policy with us, you can view and download your policy documents from the My Account page. You can choose Personal Accident as an add-on once you’ve completed your quote. 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.