Business Insurance

Insurance has been an essential commodity as it promises financial support in the time of crisis like accidents, unemployment etc. There are several insurance providers in the UK and to gauge which one is the best performer of all is an interesting task. Details were revealed by the Institute of Customer Service through its UK Customer Satisfaction Index (UKCSI). According to the index, there was an improvement of 0.7 points in the customer satisfaction levels when compared to January 2016. The collective figure was 79.4 out of 100 and LV= General Insurance grabbed the first place by outshining the performance of all insurance providers. 12 out of 27 insurance companies improved by a marginal 1% over their own performance in January 2016. M&S showed highest improvement amongst all the 12 and Virgin Money stands at the same score as it was in the previous year. Even thoughInsurance sector shows little […]

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Is Business Insurance Required for People Who Work from Home? If you are working from home then your home insurance cover may not be enough to protect your business against any odds. You must have your standard home cover that includes the building and its contents. Apart from that you need business insurance cover which may depend on the kind of business. If you are working steadily from home then you may need an additional cover for which you need to inform your insurer. If you do not inform your insurer about your working from home status then you may face invalidation of your policy. You need to keep your provider updated with any changes that may affect your policy. You can apply for business equipment policy which would protect the business gadgets and instruments like laptop, printer and other stuff against any kind of damage. You have to check […]

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Specialist Business Insurance – All Types Explained in Detail Specialist business insurance is broadly defined as an unusual, unique and complex cover to guard against the risk factors of any company. It may include everything other than the premises, stock and tools of any business house. It is a tailor made policy to suffice the diverse insurance needs of any business. Be it any legal issue or a case of stolen goods or mishaps during business travel, anything that costs your business can be covered in this type of insurance. Below, we list the different types of specialist business insurance: Goods in transit insurance: This cover is very beneficial if you are into the business of supplying goods. It will protect any goods and items that your business delivers. In case of theft, damage or accident of any kind happens during the transit of the goods then the insurance can […]

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If you work as a consultant or offer advice or expertise to other businesses or individuals then it is advisable to buy a professional indemnity cover for your business. It protects you in case the client considers you responsible for negligent and may blame you for loss of their time and money. If you handle some data or intellectual property of the client then this insurance helps if the client makes a claim on you. In such cases, if you are not insured then the amount of compensation money that is payable to the client may bring down any business to ashes. Depending on the claim, the compensation money would suffice loss of earnings, future loss of earnings and the cost of repairing damage. Along with this, you may be subjected to pay other damages as well as legal costs if any. Professional indemnity cover is beneficial for the following […]

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Surviving a business is not an easy game. One has to be in command of the technical as well as non-technical aspects of running the business. Be it an accident in the office or building damage due to natural calamity, everything needs to be managed by the owner. One has to be prepared for unexpected things which includes environmental changes and damage due to weather conditions. In the UK, every year businesses face the challenge of storm and weather damage. For this, they need to make financial arrangement which can be managed through business insurance. Not all insurance policies offer the same type and extent of cover. For this, you should compare all business insurance providers in the UK. According to the Association of British Insurers, these policies will offer cover for damage to the premises and stock. You can also buy business interruption cover to support additional costs incurred […]

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This is one of the most important types of insurances as it is made mandatory by the legislation. Yes! Any business or corporate should have this kind of insurance to make sure that the interest of their employees is protected. It is also compulsory as it is implemented to support the business’s health and safety procedures. It protects the business against any claim of an employee who becomes ill due to work. The insurance covers the cost of legal expense and compensation provided to the employee whose health gets affected due to work reasons. Missing out on this cover results in a fine of £2,500 per day. So, it is better to purchase this cover for your business. You must have it otherwise the fine will prove disastrous for your business and may turn out to be a big financial blow. The cover is mandatory for businesses that have the […]

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Business insurance is a broad term that includes several aspects including the property, people, future loss, investment and more. Based on several factors insurance policies are designed to cover the amount of loss that may occur due to any accidents or unwelcome situation. It is always advisable to have a business insurance policy whether you are a corporate giant or a start-up or a work from home person. What is the need of business insurance? To sustain any kind of loss due to people, policy, accident, weather or circumstances. Yes, your business needs a protective cover to go through any kind of unexpected events and to come out of it without any major losses. Business insurance covers the following aspects: Business premises insurance which covers the building in which your company operates Business assets insurance which covers the contents of the building and the premises Public liability insurance which covers […]

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