Property/Business Interruption
As well as covering damage to a property and its contents, this can cover income that’s lost as a result of the damage.
Public Liability
Covers you for compensation and legal costs if someone is injured because of your business. For example, it could pay compensation to a customer who gets hurt tripping over a loose tile in your office or store.
Employers Liability
A legal requirement if you have employees, and covers you if they’re injured or become ill because of working for you.
Excess Liability
This gives you a ‘top-up’ in the event of a major claim taking you over your other policy limits.
Charity Trustees Liability
This helps to protect individual directors, trustees, officers or managerial employees if a claim is made against them.
Pension Trustee Liability
Helps to protect pension trustees if a claim is made against them.
Fidelity Guarantee
Covers you for losses due to employee fraud or dishonesty.
Personal Accident Insurance
Can provide compensation to employees who get injured at work, even if you’re not at fault.
Directors and Officers Liability Insurance
Protects directors and senior executives if a claim is made against them.
Professional Indemnity
Gives you cover if the service you supply ends up costing a client money, for example if you’ve made a mistake that damages their reputation.
Computer Insurance
In today’s digital age, it can be a good idea to take out extra insurance to cover you for any problems you might have with your computing systems. For example, if your systems crash and you lose a load of data, it could cost you a hefty amount in time and money to build it back up. This type of insurance makes sure you’re not out of pocket.
Cyber Liability Insurance
Similar to Computer Insurance and covers you if your computer system is hacked, or gets infected with a virus. So if an employee clicks on a dodgy pop-up and your clients all get spammed as a result, this insurance can help to cover you for any fall-out.
Legal Expenses
Does what it says on the tin. You’re covered for legal expenses not covered by another policy.
Credit Insurance
Can pay you if a customer can’t (or won’t) pay for the product or services you’ve given them. Insurance companies paid out nearly £150m because of customer insolvency or late payment last year.
