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Archive for the ‘Commercial/business insurance’ Category

Commercial Insurance For All Your Needs

Thursday, August 12th, 2010

In times like these when business profit can be hard to come by it can be an easy option to save money by cancelling your business insurance. This, however, could be a costly mistake.

Whether you are a self employed tradesman, a shop owner, an office manager or even a restauranteur, not having adequate insurance cover could lead to financial trouble or even the end of your business. An underinsured claimee can end up in court facing huge costs and litigation - whereas an insurance policy to cover you against such headaches can start from a very reasonable price.

Here are some of the covers you may need (including legally obliged ones such as employers liability):

Buildings cover and contents – essential to provide cover against fire, theft or damage

Money and personal assault

Public liability – to protect you from legal proceedings should some one be injured, or their property damaged, whilst on your property or from your carrying out of your work

Employers liability – this is a legal requirement for employers and covers you against injury or losses incurred by your staff

Commercial legal expenses

Business interuption – an addition to your policy that can protect your income should accepted perilsnprevent you from carrying out your business

An example of just how cheap a basic policy can be could be a £1m public liability quote from Think Insurance for a Builder – our price for this occupation can start from as little as £68.00!

So what are you waiting for? Call us today to see how much you can save!

Think Insurance – Quality, Service and Price

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Business Insurance Hints and Tips

Thursday, August 5th, 2010

Getting the right business insurance policy can be vital for anybody involved in any commercial enterprise. You don’t want to be paying extra for parts of a premium that you don’t need. At the same time though you also have to make sure that you are fully covered for any potential claims. By finding out as much as you can about what you need you will get a more tailored policy and it will hopefully be at a more reasonable price for you. We have outlined some of the basic things for you to consider when looking for the right cover.

One of the first things you should do is make sure that you take time to find a company that has got experience in your field. Doing this will usually result in your policy being more specific to your needs and could also result in it giving you a cheaper premium. You also need to ensure that you have fully read and understood any policy before you decide to go ahead with the cover. Any cover that you do take out should be suited to what you need, if not then it is not the right one for you. A qualified insurance broker can mean all the difference to you when it comes to saving money and getting you the right cover.

You could consider  business interruption cover being added onto any policy that you take out. This will cover you in the event of you being unable to trade for any of the reasons stated within the policy. Adding this can be of great benefit if you find yourself in the situation of not being able to open up your shop or provide your services. Similarly you could look to get your stock and any other business equipment covered as if they are lost or damaged you can be hit hard. Also, don’t forget your liabilities. Public liability is generally advisable and employers liability is a legal necessity so don’t forget to see if they are included.

If you are looking for business insurance there are a lot of things you need to consider, if you are unsure about anything then always consult a broker for advice.

Think Insurance – Quality, Service and Price

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Cover Your Business With Public Liability Insurance

Tuesday, July 13th, 2010

If you have just set up in business then there is obviously a multitude of things that you need to start thinking about sorting out to enable you to trade properly. One of the first things that you should get done  is the correct insurance to protect you from potential liabilities. No matter what type of business you run, the chances are that public liability insurance will be relevant to you in some way.

This form of cover gives you protection for a variety of situations, all of which are things that can happen on a daily basis. If you are involved with any work at other people’s properties then there is a chance that you may cause damage or an accident. Say for example you were fitting a new bathroom and while carrying the bath you damaged a wall. You could be left with a large repair bill to rectify what has happened. On the other hand, if you have got the correct policy then this could be covered under your insurance. Similarly, if you caused somebody to have an accident while you were working or if they injured themselves while they were in your place of work then this cover will protect you against that.

You are not legally obliged to have this form of cover when you are in business but it is strongly advised. Can you imagine the potential costs that could occur if you ended up damaging an expensive car or if someone fell and badly injured themselves. Without the correct public liability insurance you could be faced with huge bills and this could potentially put your entire company at risk. The amount that you will have to pay for your premium will pale in significance when you compare it to the amount that it could end up protecting you against.

Think Insurance – Quality, Service and Price.

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Different Types of Business Insurance

Monday, June 28th, 2010

With the number of people trying to get themselves set up in business each year numbering in the thousands, there is inevitably more and more people who need to get some form of business insurance policy. It is important for these people to make sure that they end up getting the right type of cover. They don’t want to be paying over the top for a policy they don’t need but also they don’t want to end up not having the right level of cover when they come to make a claim. We have highlighted below the main variations of commercial policies, hopefully this should help you when you are making your decision about what to go for.

General Business Insurance.

As the name suggests, this type of policy covers the buildings, liabilities and contents associated with your business. With this insurance you can be covered for any loss or damage to company property as a result of a wide range of events from fire to theft. You can also make claims against loss of business as a result of any damage or incident.

Public  Liability Insurance.

This form of cover will give you protection against any accidents or injuries that your customers have at your place of work. This can be the most important cover because if one of your customers has an accident on your premises then there is a good chance they will make a claim. If this happens and you don’t have the required insurance to cover you then you may end up paying out thousand of pounds.

Employers Liability Insurance.

Similar to public liability, this covers you in the event of any of your employees having an accident or getting injured whilst working for you. Again, this is an extremely important cover as there is always a chance of someone having a fall and you don’t want to be left to foot the bill when they make a claim against you.

Product Liability Insurance.

Taking out this policy means that if any of the goods that you sell or provide lead to the customer having an accident due to a defect then you will be covered. Obviously the need for this policy depends on what type of business you are involved in. If you work in an industry where your products have got little or no risk then you may not need it but it is always best to check before it’s too late!

If you are unsure about any type of business insurance then always check with your broker and they should be able to give you all the information you need.

Think Insurance – Quality, Service and Price

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