Contractors Insurance

Business insurance is something that affects everyone. As a business you might think that by not having it you are not affecting anyone else, but this definitely isn’t the case.

Quite often customers or companies ask businesses or self employed people if they have insurance so as to minimise the risks to themselves. If a business doesn’t have insurance and they make a mistake such as cause damage or injury to another person they will be liable for that damage or injury.

A business with insurance will be able to cover those costs by making an insurance claim. However a business without insurance would have to pay for the costs themselves. If these costs are large the business might not be able to pay them. This obviously leaves the people who suffered damage or injury at a disadvantage.

Public Liability Insurance

If you do business in the UK, one of the core parts of insurance is Public Liability Insurance. This covers your business for any damage or injury you might cause to another person or their property. This is an important cover to have as it protects you and other people.

Professional Indemnity Insurance

This insurance will cover you if you give advice to other people or businesses. If the advice you have given is found to have caused a financial loss to your client you may be liable to pay if they make a claim for their financial loss.

Employers Liability Insurance

If your business has employees you will need to have Employers Liability Insurance by law. If an employee is injured or falls ill whilst at work due to your businesses negligence, Employers Liability Insurance will cover you.

Optional Extras

There is extra insurance cover you can take out depending on your businesses needs and the type of business you are in. For example, business buildings insurance, tool cover or van insurance can be added to your policy so you have cover that suits your business.