Your safety net when there isn't one
Prangs, slip-ups and mishaps: despite the best laid plans, they happen to everyone.
At best, you're left reaching for the plasters and hoping for sympathy. At worst you or a key member of your staff could be out of action for weeks, even months.
And if you're really unlucky and you're suddenly unable to work at all, have you thought about how your business would survive?
However unpalatable a thought it might be, taking steps to protect your business and your income makes sense.
Personal accident insurance will pay your business a weekly sum if you're temporarily unable to work or, if the circumstances are more serious, a lump sum. It will also help with the costs of drafting in extra pairs of hands to keep the business running in your absence if needs be.
So get in touch and find out how this policy keeps your business functioning – even if you can't.
Personal accident insurance compensates your business if you or an employee are injured or killed in an accident, regardless of whether it's at work or not.
- Medical expenses.
- Lump sum payments if someone is killed.
- Weekly payments if someone is injured and can't work.
- The cost of shuffling staff around to cover absences eg, overtime, recruitment, training etc.
- Day to day running costs of your office.
Professional indemnity insurance is for claims and allegations of negligence, mistakes and things you've failed to do. Essential if you provide specialist services to paying clients.
Public liability insurance is for when you go out and about on business, or have visitors to your office. It’s for claims of physical damage to property and people. Useful if you’re clumsy.
Employers’ liability insurance covers your business if an employee sues it for damages. Claims are usually because they’ve suffered injuries and illnesses as a consequence of working for you. It’s a legal requirement for UK businesses with employees.
Office and property insurance covers the things in your office (furniture, plants, fixed IT equipment etc) and portable insurance covers gadgets and technical equipment away from the office (laptops, tablets, projectors etc). If you’re not sure it’s worth insuring, add it all up – it’s probably worth more than you think.
Business interruption insurance means you can still work when your office is out of action. Be it flood, fire or flea infestation, you’re covered for the costs of setting up elsewhere and for any lost revenue in that time.
Directors’ and officers’ insurance covers your company bosses. Anyone from regulators to shareholders to competitors can accuse you of not running a business with due care. Worse, directors are personally liable for their actions. The good thing is this insurance covers your defence costs and any compensation you have to pay. So you can put away your chequebook.
Glad you asked.
The simple answer is: we know what we're doing. Professional insurance is all we do so we know what you need, even if you don't.
We also know that buying insurance can be, well, a bit of a pain. So we make sure getting yours is quick and hassle-free.
We do all that while treating you like a human being, too. You won't find a call centre here. Or a phone menu. And we've banned nonsense insurance jargon.
Plus, every insurance-related question you can think of is answered in our School of Risk, and you'll get our quarterly risk advice email – 'The Waggle' – to help you avoid problems in the first place.
If you're after a second opinion, have a look at our customers' feedback. They're the ones you should really listen to.