Commercial risks

  • Office
  • Flats
  • Shop
  • Building Contractors
  • Liabilities

Whether you are starting up a new business or running an existing one, Insurance is a very important form of protection and in certain cases a legal requirement (see below).

We are able to access both the Lloyd's and Composite Insurance Markets and are able arrange insurance cover to suit your specific needs.

As a guide, we detail below areas of Insurance cover that you are likely to need, depending on the nature of your business.

Property

Buildings
Contents including fixtures, fittings and furniture
Stock
Tenants' improvements

Loss of Profit

Damage to your Buildings or Contents can seriously interrupt your ability to trade and/or put your business to considerable additional expense.

You can insure for Loss of Gross Profit and Additional Costs of Working to ensure that your business is financially secure in the unfortunate event of a claim.

Money

Cover is provided for money in the premises during and out of business hours and whilst in transit to and from your bank.

Liabilities

Employer's Liability

If you are a Limited Liability Company or take on one employee, you must by law have Employer's Liability Insurance. The cover provides liability for injury to employees up to £10,000,000 any one occurrence.

Public Liability

Protection is provided for your legal liability for personal injury or damage to the public. The usual minimum level of cover is £1,000,000 any one occurrence, although higher limits can be arranged.

Products Liability

Protection is provided for your legal liability for goods supplied or sold. The usual minimum level of cover is £1,000,000, although higher limits can be arranged.

Additional Covers

Depending on the nature of your business, additional covers can be arranged to suit your needs e.g.:

Refrigerated Stock

Covers deterioration caused by breakdown of or damage to freezers or refrigerators (usually up to 10 years old)

Personal Accident

Provides protection for you and directors, partners and employees of the business. In the event of bodily injury, payments are made up to an agreed amount for a usual maximum period of 2 years.

Goods in Transit

Cover for stock etc. whilst in transit to and from your place of business