Most business insurance policies are taken out voluntarily by businesses across many sectors for good reason. A whole host of accidents can be caused by your business where costly accidents claims could ensue.
There are different types of business insurance policies to suit various industries and the premium all depends on the type of business you have, the number of employees in your business and what your turnover is.
The benefits of taking out business insurance policies
• They cover the legal costs and expenses involved in defending claims made against your business.
• You can show your clients that your business is insured against loss or damage caused to them by your business.
• It gives you peace of mind that you have transferred any risk of loss or damage over to an insurance broker.
Public liability insurance
If your business comes into contact with the public, you run the risk of causing injury or damage to any person or their property, be it on-site or off-site. Public liability insurance will cover the legal cost to defend your claim made by members of the public as well as compensation for personal injuries or for any damage to property.