| If you have a business, then it is important to get | | | | Building insurance |
| the right level of insurance to protect your business | | | | If you have dedicated premises for your business, |
| interests. Without the proper level of insurance your | | | | then you need to make sure that the building and its |
| business could be in serious trouble if anything | | | | contents are insured. If you rent the building then the |
| unexpected should happen. Here are some tips about | | | | landlord should be insured for the property, but you |
| how to get the right business insurance for your | | | | need to make sure that the contents are fully |
| needs: | | | | insured. If an accident should occur and you don't |
| Required by law | | | | have adequate cover then you could lose money. |
| There are a number of types of insurance that | | | | Key man insurance |
| businesses must have by law. The main type of | | | | A business relies on its key employees to make it |
| insurance that is legally required is employer's liability | | | | successful, so you should think about insuring yourself |
| insurance. This type of insurance protects you from | | | | and other top employees against health problems or |
| any claims that your employees might make for | | | | accidents. Getting health insurance for your main |
| accidents or sickness that they suffer whilst at work | | | | employees will not only make sure that they can get |
| or as a result of work. Some businesses are not | | | | back to work as soon as possible, it will also give |
| legally required to have this insurance, but if you have | | | | them a sense of belonging to the company. If the |
| insurance then it makes sense. If anything should | | | | type of work you are involved in has the potential |
| happen to any employee you could be hit with a | | | | for accidents to occur, then getting adequate |
| massive compensation bill if you are uninsured. | | | | insurance to cover this is important. Obviously |
| Another insurance that is often required is motor | | | | working on a building site is going to lead to higher |
| insurance. If your company has any vehicles then you | | | | premiums than sitting behind a desk. |
| are required to get at least third party insurance to | | | | Reducing your premiums |
| cover any damage to property or other people. It is | | | | Reducing your premiums is a good way to save |
| usually advisable to get comprehensive insurance for | | | | money for your business. The best way to reduce |
| your vehicles in case they are damaged or stolen. | | | | the risk for the lender and so reduce the price of |
| Although it costs more, it could save you a lot | | | | insurance is to make your business a safe and secure |
| money in repair bills. | | | | one. Make sure that security systems are up to date, |
| Liability insurance | | | | and that health and safety procedures are adhered |
| If you are selling products to the public or have a | | | | to. |
| large number of non-employees using your business | | | | Using a broker |
| premises, then you should consider public liability | | | | The easiest way to obtain business insurance is by |
| insurance. This type of insurance will cover you in the | | | | using an insurance broker who has expertise in your |
| event that anyone is injured by your product or hurt | | | | particular business area. They will be able to help you |
| at your business premises. The cost of this insurance | | | | find the right insurer for your needs and get you a |
| will vary depending on what products you sell and the | | | | good deal. |
| size of your premises | | | | |