We get asked this question the most.  What insurance do I need?

Most business ventures and entrepreneurs will have a requirement for some form of commercial combined insurance. This could include business insurance that is a legal requirement. Or it could be cover that a sensible and prudent business will take out to protect the business in the event of loss, damage or a claim against them for damage or negligence.

The best way to understand the insurance cover that is required is to talk this through with one of our brokers.  We specialise in commercial and liability insurance. With effect from 15th January 2005, all insurance brokers must be authorised and regulated by the Financial Services Authority.

There are four main categories of commercial insurance.

What business insurance do I need?

1. Liability insurance - including Employers Liability which is required by law if you employ people, whether they receive a salary or not. The other main liability covers are public liability insurance, products liability insurance, professional indemnity and commercial legal expenses insurance. These covers can either be bought with those below (as a commercial combined insurance), or as part of a combined liability insurance package.
    
2. Building insurance - including property owners liability. This is for the structure, not the contents (see below). It will also include cover for glass (fixed) and sanitary ware (toilets and sinks). Loss of rental, payable and receivable, is also insurable.
    
3. Business contents and computer insurance, at the business premises and whilst anywhere in the world. Policies will normally cover business contents, or fixtures and fittings, whilst at the business address only (temporary cover whilst cleaning is usually provided). You will need to specify the equipment to be insured away from the business address, such as laptops, mobile phones, PDA's and notebooks.
    
4. Business car and van insurance. There is legal requirement to insure against third party damage, including injury to persons. This relates to you or an employee driving a vehicle and causing injury or damage to another person (ie a third party) or property belonging to a third party (ie another vehicle or a building).

We get asked this question the most.  What insurance do I need?

Most business ventures and entrepreneurs will have a requirement for some form of commercial combined insurance. This could include business insurance that is a legal requirement. Or it could be cover that a sensible and prudent business will take out to protect the business in the event of loss, damage or a claim against them for damage or negligence.

The best way to understand the insurance cover that is required is to talk this through with one of our brokers.  We specialise in commercial and liability insurance. With effect from 15th January 2005, all insurance brokers must be authorised and regulated by the Financial Services Authority.

There are four main categories of commercial insurance.

What business insurance do I need?

1. Liability insurance - including Employers Liability which is required by law if you employ people, whether they receive a salary or not. The other main liability covers are public liability insurance, products liability insurance, professional indemnity and commercial legal expenses insurance. These covers can either be bought with those below (as a commercial combined insurance), or as part of a combined liability insurance package.
    
2. Building insurance - including property owners liability. This is for the structure, not the contents (see below). It will also include cover for glass (fixed) and sanitary ware (toilets and sinks). Loss of rental, payable and receivable, is also insurable.
    
3. Business contents and computer insurance, at the business premises and whilst anywhere in the world. Policies will normally cover business contents, or fixtures and fittings, whilst at the business address only (temporary cover whilst cleaning is usually provided). You will need to specify the equipment to be insured away from the business address, such as laptops, mobile phones, PDA's and notebooks.
    
4. Business car and van insurance. There is legal requirement to insure against third party damage, including injury to persons. This relates to you or an employee driving a vehicle and causing injury or damage to another person (ie a third party) or property belonging to a third party (ie another vehicle or a building).