Employers’ Liability Insurance

Business insurance policies can be written on two bases – ‘claims made’ or ‘claims occurring’. Knowing the difference and understanding how this relates to the period a policy covers is important should you need to make a claim. This covers work that is in progress that is damaged by an insured event, such as a fire, flood, vandalism or theft. And now, you’ll get a fast-upfront payment of up to £1,500 to help you replace your essential tools or business equipment if they’re stolen or damaged, with Tools Essentials. This covers the legal and compensation costs you are required to pay if an employee gets injured or becomes ill because of the work they do for you. Employers’ liability insurance is a legal requirement if you have employees.

Is a valuable cover for any business that provides a professional service, especially if this service rests on giving business advice. Because when things go wrong, we’re the small business insurance experts, experienced in putting things right. You work hard to build your business, so we work hard to help you look after it and protect your good name. Business insurance is there for anyone and everyone who provides a professional service and might be at risk of having a claim brought against them. Our business interruption cover can insure you if you or one of your key employees becomes seriously disabled and is unable to continue work. We will cover the incurred costs, up to £25,000, to minimise any interruption to the business.

Get a quote tailored to your workplace needs in minutes with Hiscox. 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. Our different cover options allow you to insure your business equipment and stock at your premises, when you’re on the move, or both.

These cyber threats have become more prevalent meaning protecting your data and your business has never been more important. Put a comprehensive cyber insurance policy in place and you’ll be covered for the time and money it takes to fix a data breach or hack. There are different types of https://www.themotorettes.com/, and the types you may need depend on your business and what you do. From the moment you start up your company, it’s a good idea to get business insurance to cover you for any risks involved in working with clients, customers and employees. Product liability insurance provides an extra layer of protection as part of your public liability cover.

Bespoke business insurance policies can prepare you for the unexpected such as disruptive data loss, compensation claims or specialist equipment damage and protect your firm should things go wrong. 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.

Our team of expert advisors can help you find exactly the right protection to cover every area of your liability. Our team of expert advisors can help you find exactly the right protection to cover every area of liability. Covers you if you make a mistake or if an unhappy https://www.wikipedia.org/ client says you’ve not done what was agreed – regardless of whether you’re actually at fault. It pays for your legal defence, pays to fix whatever’s wrong, and pays any compensation. You might have enough of one but you’ll need lots of all three if it’s your unlucky day.

You will invest in the best equipment possible to ensure the smooth running of your business, but you can’t predict when things might go wrong. Safeguards the assets you keep and use on site, such as computers, desks and photocopiers. If something happened to your equipment, it could be difficult for you to continue business as usual – with insurance in place, you can get the replacement you need quickly. We can work with you to find the ideal combination for your company, so you can focus on your business. Read our guide to managing small business risk in association with Courier magazine to make sure your small business doesn’t get caught out.

Clients will often ask to see proof of professional indemnity insurance before agreeing to work with a new contractor. Public liability insurance protects your business against accidental injury and property damage claims from your customers, visitors or people you visit. Whether you run a business with multiple employees or operate as a sole trader from your spare room, our liability insurance policies can help to protect you and your business. Legal defence costs are included across our public liability policies. A range of limits are available to suit your business and budget, and you can combine the policies you need to ensure your business is adequately protected. If you run your business from a commercial property, then you may need office insurance.