Running a business inevitably involves exposure to risk. While most owners plan for steady growth, unexpected events such as accidents, injuries, severe weather or legal disputes can have a material impact on operations and cash flow.
Business insurance is a fundamental component of effective risk management and helps protect the business from financial loss arising from these unforeseen events.
- Public liability insurance provides cover for legal expenses and compensation claims if a third party suffers injury or property damage as a result of your business activities. This cover is particularly relevant for businesses that operate from commercial premises or engage directly with customers or the general public.
- Product liability insurance applies where a product designed, manufactured or supplied by your business causes injury or damage. It covers legal defence costs and settlement payments and is essential for businesses involved in the sale or distribution of physical products.
- Business contents insurance protects internal assets such as office equipment, furniture and stock against loss or damage. Tools insurance extends this protection to portable and specialist equipment, including laptops, machinery and trade tools. These policies assist in reducing downtime and limiting unplanned capital expenditure.
- Employers’ liability insurance covers compensation costs associated with workplace injuries or illness. In many cases, this insurance is a legal requirement and supports the business in meeting its workplace health and safety obligations.
- Professional indemnity insurance protects against claims arising from financial loss suffered by a client due to professional advice or services provided. It is a key consideration for advisory and service-based businesses, offering protection against claims of negligence, errors or omissions.
As your business evolves, it is important to regularly review your insurance arrangements to ensure they remain appropriate. While we do not provide insurance advice, we can assist in identifying relevant cover and introduce you to experienced insurance professionals who can provide tailored guidance.
