What insurance do i need?

Public Liability Insurance
If your business involves members of the public, clients or customers visiting your premises, public liaibility cover is something you will need to look into.  This particular insurance will cover you if someone is accidently injured by you or your company whilst they are on your premises. It also can cover any property damage caused by your business. This insurance is a must if you run a business with onsite premises which are used by your customers, or if your work could potentially damage your customer’s property.

Products Liability Insurance
This policy will insure you against legal liability for damages, claimants’ costs and any other costs accrued from accidental injury and damage caused by the products you supply.

Employer’s Liability Insurance.
As an employer, you are responsible for your employee’s safety and welfare whilst at work.  If they are injured whilst in the workplace or become ill as a consequence of the work they do, they may seek compensation.  Employer’s liability insurance is compulsory and will cover you for these incidences.  A certificate of employer’s liability must be displayed on your premises at all times.
Commercial & Residential Property Owner’s Insurance
Look into this policy carefully as it is important to know what the cover entails.  Some business insurance providers offer insurance which covers your building only, and separate packages that cover contents and liabilities insurance. Look into the options which are best for you.
Professional Indemnity Insurance
Businesses that sell knowledge or skills often require Professional Indemnity Insurance, as this provides protection against professional negligence.  This cover will ensure they are protected against mistakes made, if individuals have been found to have been negligent or have breached their professional duty. This particular type of insurance is important for businesses or individuals that offer advice to their clients and customers, like Roadsure, the specialist motor insurers.  Most professionals should ensure they have adequate cover.

About Business Matters

Business Matters staff