Business insurance

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It doesn’t matter what industry you operate in, who you sell to, or where your customers are, all business carries risk. Accidents happen. Clients go bust. Disputes occur. From hazard, to financial, to legal and more, there’s always the chance that things can go wrong, and when they do, they can create serious problems for your business, or even close your business down.

Fortunately, there’s an answer to this dilemma. Available to all businesses and to cover almost any eventuality, comprehensive business insurance is a valuable emergency lifeline. Use it to offset risk, to create a financial cushion, and to avoid the potential for disaster if the worst should ever happen.create a financial cushion, and avoid the potential for disaster if the worst should ever happen.

What is business insurance?

Business insurance protects organisations against losses incurred in the pursuit of their normal business activities. Losses may arise through accident, weather-related events such as floods or lightning strike, theft, malpractice, employee compensation claims, shipping risks, utility failures, and a host of other issues. Although business insurance cannot stop problems from occurring, it can replace what was lost, pay for interim arrangements as your business gets back on its feet, and give your business the chance to thrive again.

Why do I need to think about business insurance?

Protect against risk

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Protect against risk

Your business, like all others, faces a level of risk as part of your daily operations. Business insurance is available to help protect your business against the impact of unexpected events or possible claims.

Legal or industry requirement

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Legal or industry requirement

Does your business employ staff? Is your industry subject to specific regulations? Every business is different and certain types of insurance – like employers’ liability insurance – may be legally required based on your business’s profile. Understand the specific requirements and demands connected to your business to ensure you have the relevant cover in place.

Specialised cover

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Specialised cover

Some industries or activities may require specific or specialist insurance policies. Make sure you buy the right products to reflect the risks and requirements of your business.

Change in business circumstance

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Change in business circumstance

As your business evolves – growing and taking on new staff for example – your business profile, operations and requirements may change. Make sure your business continues to be protected against unexpected events and potential compensation claims.

What types of insurance is available for my business?

Almost every business can purchase business insurance and there are insurance products to cover every type of risk:
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