![\"Asking](\"https:\/\/www.policybee.co.uk\/blog\/wp-content\/uploads\/2019\/09\/faqs-green-graphic-shutterstock.jpg\")
<\/figure>\n<\/div>\n\n\nSome things are best left to the experts. Building a house for example. Or country dancing.<\/p>\n\n\n\n
Of course, buying professional insurance isn’t as convoluted as country dancing (what is?). But it does have its fair share of twists and turns.<\/p>\n\n\n\n
If you’re trying it for the first time (business insurance that is), it’s likely you’ll have a few questions before you start.<\/p>\n\n\n\n
Nothing too unusual about that. So we thought we’d help by answering some of the more common professional insurance posers we’re asked.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Why is it important to have professional insurance for my business?<\/strong><\/h2>\n\n\n\nWhy is it important to have insurance for anything<\/em>? It’s usually because you value it, or it’s an asset you don’t want to lose.<\/p>\n\n\n\nYour business is no different. The service you provide, the things you use to do it, and the people you do it with are all valuable in their own way. So you’ll want to make sure they\u2019re protected.<\/p>\n\n\n\n
Having that protection means you’re free to go about the business of going about your business. And that\u2019s what\u2019s really important.<\/p>\n\n\n\n
<\/p>\n\n\n\n
I need some professional insurance. Where do I start?<\/strong><\/h2>\n\n\n\nTo protect your business and its people you could start with professional indemnity insurance<\/a>, public liability insurance<\/a>, and employers\u2019 liability insurance<\/a>.<\/p>\n\n\n\nThey’re the three pillars of professional insurance and will give you a solid foundation to work from.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What\u2019s professional indemnity insurance?<\/strong><\/h2>\n\n\n\nIt\u2019s for businesses that give advice or provide a professional service. It covers claims of professional negligence made against you by clients or third parties. <\/p>\n\n\n\n
This might be for incorrect advice, the failure of a recommended service or just a simple mistake that’s going to cost money to fix. It’s worth noting you don\u2019t actually have to have done something wrong to call on your policy \u2013 just an allegation is enough.<\/p>\n\n\n\n
Either way, it covers damages or compensation you\u2019re liable for. And the cost of defending you in court if needs be.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What\u2019s public liability insurance?<\/strong><\/h2>\n\n\n\nA bit more straightforward than professional indemnity, public liability<\/a> insurance covers claims of physical damage to third-party people and property made against your business.<\/p>\n\n\n\nIt covers things like trips, slips, spills, and breakages. Say a visitor to your office trips on a loose carpet, injures themselves, and sues you for damages.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What\u2019s employers\u2019 liability insurance?<\/strong><\/h2>\n\n\n\nApart from vehicle insurance, this is the only policy required by law. <\/p>\n\n\n\n
If you have staff (even if there’s just the one, they’re unpaid, temporary or they\u2019re on work experience), you must have employers\u2019 liability insurance<\/a>. It covers claims against your business by its employees if they get sick or injured as a result of working for you.<\/p>\n\n\n\nYou can read more about your obligations here<\/a>.<\/p>\n\n\n\n<\/p>\n\n\n\n
I want to cover my stuff too. What\u2019s best for that?<\/strong><\/h2>\n\n\n\nIf you\u2019ve invested good money in your workspace and what\u2019s in it, it makes sense to cover it from the risks of fire, theft, flood, and accidental damage.<\/p>\n\n\n\n
To make sure everything’s properly covered, a good office property insurance<\/a> policy should split things into three:<\/p>\n\n\n\n\n- Contents (desks, furniture, plants etc)<\/li>\n\n\n\n
- Fixed IT equipment (PCs, servers, printers etc)<\/li>\n\n\n\n
- Things you take out and about with you (laptops, mobiles, tablets etc).<\/li>\n<\/ul>\n\n\n\n
Buildings insurance is for your bricks and mortar and is usually done separately.<\/p>\n\n\n\n
Business interruption insurance\u00a0goes hand in hand with office insurance. It covers the costs of temporarily setting up elsewhere if you can\u2019t work from your usual premises (following a flood or fire for example). It’ll also cover the lost income from not being able to trade during the same period.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Anything else? <\/strong><\/h2>\n\n\n\nDeciding what not<\/em> to cover can be as difficult as deciding what you should. There\u2019s an argument to say that all professional insurance covers a risk, and you should do what you can to protect what you have. But your budget usually means you have to draw the line somewhere.<\/p>\n\n\n\nIf you want to go the whole hog, next on the list might be cyber insurance<\/a>. If you run any aspect of your business online (which most of us do), it\u2019ll help protect you from the financial and reputational damage caused by a cyber-attack or digital meltdown.<\/p>\n\n\n\nExtra cover for social engineering<\/a> and financial cybercrime, as well as business interruption if you’re unable to trade due to a cyber-attack, would give you peace of mind that you’re prepared for the outcomes of almost any cyber incident.<\/p>\n\n\n\nThere\u2019s also directors\u2019 and officers\u2019 insurance<\/a> if someone in charge is accused of failing their duty as a director.<\/p>\n\n\n\nLegal expenses insurance<\/a> is a good thing to add on to your policy if you enter into contracts. With employees, clients, suppliers, or contractors. It pays to defend you in a contractual dispute and has other benefits too, like covering lost income if you\u2019re called up for jury duty.<\/p>\n\n\n\n<\/p>\n\n\n\n
Where do I go for all this?<\/strong><\/h2>\n\n\n\nThere\u2019s plenty of information out there and getting quotes is pretty straightforward.<\/p>\n\n\n\n
But understanding business insurance can take time and effort. Policy documents are often jargon-heavy and deciphering what\u2019s relevant isn\u2019t for the faint-hearted.<\/p>\n\n\n\n
When it comes to protecting your business, you need to get it right. We\u2019d recommend going to a broker<\/a> \u2013 a specialist one ideally. Getting advice and recommendations from those in the know is always better than guessing.<\/p>\n\n\n\nIf you have any questions about professional insurance you’d like answered, give us a call on 0345 222 5391.<\/strong><\/p>\n\n\n\n<\/p>\n\n\n\n
Image used under license from Shutterstock.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Some things are best left to the experts. Building a house for example. Or country dancing. Of course, buying professional insurance isn’t as convoluted as country dancing (what is?). But it does have its fair share of twists and turns. … Continue reading
Your business is no different. The service you provide, the things you use to do it, and the people you do it with are all valuable in their own way. So you’ll want to make sure they\u2019re protected.<\/p>\n\n\n\n
Having that protection means you’re free to go about the business of going about your business. And that\u2019s what\u2019s really important.<\/p>\n\n\n\n
<\/p>\n\n\n\n
I need some professional insurance. Where do I start?<\/strong><\/h2>\n\n\n\nTo protect your business and its people you could start with professional indemnity insurance<\/a>, public liability insurance<\/a>, and employers\u2019 liability insurance<\/a>.<\/p>\n\n\n\nThey’re the three pillars of professional insurance and will give you a solid foundation to work from.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What\u2019s professional indemnity insurance?<\/strong><\/h2>\n\n\n\nIt\u2019s for businesses that give advice or provide a professional service. It covers claims of professional negligence made against you by clients or third parties. <\/p>\n\n\n\n
This might be for incorrect advice, the failure of a recommended service or just a simple mistake that’s going to cost money to fix. It’s worth noting you don\u2019t actually have to have done something wrong to call on your policy \u2013 just an allegation is enough.<\/p>\n\n\n\n
Either way, it covers damages or compensation you\u2019re liable for. And the cost of defending you in court if needs be.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What\u2019s public liability insurance?<\/strong><\/h2>\n\n\n\nA bit more straightforward than professional indemnity, public liability<\/a> insurance covers claims of physical damage to third-party people and property made against your business.<\/p>\n\n\n\nIt covers things like trips, slips, spills, and breakages. Say a visitor to your office trips on a loose carpet, injures themselves, and sues you for damages.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What\u2019s employers\u2019 liability insurance?<\/strong><\/h2>\n\n\n\nApart from vehicle insurance, this is the only policy required by law. <\/p>\n\n\n\n
If you have staff (even if there’s just the one, they’re unpaid, temporary or they\u2019re on work experience), you must have employers\u2019 liability insurance<\/a>. It covers claims against your business by its employees if they get sick or injured as a result of working for you.<\/p>\n\n\n\nYou can read more about your obligations here<\/a>.<\/p>\n\n\n\n<\/p>\n\n\n\n
I want to cover my stuff too. What\u2019s best for that?<\/strong><\/h2>\n\n\n\nIf you\u2019ve invested good money in your workspace and what\u2019s in it, it makes sense to cover it from the risks of fire, theft, flood, and accidental damage.<\/p>\n\n\n\n
To make sure everything’s properly covered, a good office property insurance<\/a> policy should split things into three:<\/p>\n\n\n\n\n- Contents (desks, furniture, plants etc)<\/li>\n\n\n\n
- Fixed IT equipment (PCs, servers, printers etc)<\/li>\n\n\n\n
- Things you take out and about with you (laptops, mobiles, tablets etc).<\/li>\n<\/ul>\n\n\n\n
Buildings insurance is for your bricks and mortar and is usually done separately.<\/p>\n\n\n\n
Business interruption insurance\u00a0goes hand in hand with office insurance. It covers the costs of temporarily setting up elsewhere if you can\u2019t work from your usual premises (following a flood or fire for example). It’ll also cover the lost income from not being able to trade during the same period.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Anything else? <\/strong><\/h2>\n\n\n\nDeciding what not<\/em> to cover can be as difficult as deciding what you should. There\u2019s an argument to say that all professional insurance covers a risk, and you should do what you can to protect what you have. But your budget usually means you have to draw the line somewhere.<\/p>\n\n\n\nIf you want to go the whole hog, next on the list might be cyber insurance<\/a>. If you run any aspect of your business online (which most of us do), it\u2019ll help protect you from the financial and reputational damage caused by a cyber-attack or digital meltdown.<\/p>\n\n\n\nExtra cover for social engineering<\/a> and financial cybercrime, as well as business interruption if you’re unable to trade due to a cyber-attack, would give you peace of mind that you’re prepared for the outcomes of almost any cyber incident.<\/p>\n\n\n\nThere\u2019s also directors\u2019 and officers\u2019 insurance<\/a> if someone in charge is accused of failing their duty as a director.<\/p>\n\n\n\nLegal expenses insurance<\/a> is a good thing to add on to your policy if you enter into contracts. With employees, clients, suppliers, or contractors. It pays to defend you in a contractual dispute and has other benefits too, like covering lost income if you\u2019re called up for jury duty.<\/p>\n\n\n\n<\/p>\n\n\n\n
Where do I go for all this?<\/strong><\/h2>\n\n\n\nThere\u2019s plenty of information out there and getting quotes is pretty straightforward.<\/p>\n\n\n\n
But understanding business insurance can take time and effort. Policy documents are often jargon-heavy and deciphering what\u2019s relevant isn\u2019t for the faint-hearted.<\/p>\n\n\n\n
When it comes to protecting your business, you need to get it right. We\u2019d recommend going to a broker<\/a> \u2013 a specialist one ideally. Getting advice and recommendations from those in the know is always better than guessing.<\/p>\n\n\n\nIf you have any questions about professional insurance you’d like answered, give us a call on 0345 222 5391.<\/strong><\/p>\n\n\n\n<\/p>\n\n\n\n
Image used under license from Shutterstock.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Some things are best left to the experts. Building a house for example. Or country dancing. Of course, buying professional insurance isn’t as convoluted as country dancing (what is?). But it does have its fair share of twists and turns. … Continue reading
They’re the three pillars of professional insurance and will give you a solid foundation to work from.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What\u2019s professional indemnity insurance?<\/strong><\/h2>\n\n\n\nIt\u2019s for businesses that give advice or provide a professional service. It covers claims of professional negligence made against you by clients or third parties. <\/p>\n\n\n\n
This might be for incorrect advice, the failure of a recommended service or just a simple mistake that’s going to cost money to fix. It’s worth noting you don\u2019t actually have to have done something wrong to call on your policy \u2013 just an allegation is enough.<\/p>\n\n\n\n
Either way, it covers damages or compensation you\u2019re liable for. And the cost of defending you in court if needs be.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What\u2019s public liability insurance?<\/strong><\/h2>\n\n\n\nA bit more straightforward than professional indemnity, public liability<\/a> insurance covers claims of physical damage to third-party people and property made against your business.<\/p>\n\n\n\nIt covers things like trips, slips, spills, and breakages. Say a visitor to your office trips on a loose carpet, injures themselves, and sues you for damages.<\/p>\n\n\n\n
<\/p>\n\n\n\n
What\u2019s employers\u2019 liability insurance?<\/strong><\/h2>\n\n\n\nApart from vehicle insurance, this is the only policy required by law. <\/p>\n\n\n\n
If you have staff (even if there’s just the one, they’re unpaid, temporary or they\u2019re on work experience), you must have employers\u2019 liability insurance<\/a>. It covers claims against your business by its employees if they get sick or injured as a result of working for you.<\/p>\n\n\n\nYou can read more about your obligations here<\/a>.<\/p>\n\n\n\n<\/p>\n\n\n\n
I want to cover my stuff too. What\u2019s best for that?<\/strong><\/h2>\n\n\n\nIf you\u2019ve invested good money in your workspace and what\u2019s in it, it makes sense to cover it from the risks of fire, theft, flood, and accidental damage.<\/p>\n\n\n\n
To make sure everything’s properly covered, a good office property insurance<\/a> policy should split things into three:<\/p>\n\n\n\n\n- Contents (desks, furniture, plants etc)<\/li>\n\n\n\n
- Fixed IT equipment (PCs, servers, printers etc)<\/li>\n\n\n\n
- Things you take out and about with you (laptops, mobiles, tablets etc).<\/li>\n<\/ul>\n\n\n\n
Buildings insurance is for your bricks and mortar and is usually done separately.<\/p>\n\n\n\n
Business interruption insurance\u00a0goes hand in hand with office insurance. It covers the costs of temporarily setting up elsewhere if you can\u2019t work from your usual premises (following a flood or fire for example). It’ll also cover the lost income from not being able to trade during the same period.<\/p>\n\n\n\n
<\/p>\n\n\n\n
Anything else? <\/strong><\/h2>\n\n\n\nDeciding what not<\/em> to cover can be as difficult as deciding what you should. There\u2019s an argument to say that all professional insurance covers a risk, and you should do what you can to protect what you have. But your budget usually means you have to draw the line somewhere.<\/p>\n\n\n\nIf you want to go the whole hog, next on the list might be cyber insurance<\/a>. If you run any aspect of your business online (which most of us do), it\u2019ll help protect you from the financial and reputational damage caused by a cyber-attack or digital meltdown.<\/p>\n\n\n\nExtra cover for social engineering<\/a> and financial cybercrime, as well as business interruption if you’re unable to trade due to a cyber-attack, would give you peace of mind that you’re prepared for the outcomes of almost any cyber incident.<\/p>\n\n\n\nThere\u2019s also directors\u2019 and officers\u2019 insurance<\/a> if someone in charge is accused of failing their duty as a director.<\/p>\n\n\n\nLegal expenses insurance<\/a> is a good thing to add on to your policy if you enter into contracts. With employees, clients, suppliers, or contractors. It pays to defend you in a contractual dispute and has other benefits too, like covering lost income if you\u2019re called up for jury duty.<\/p>\n\n\n\n<\/p>\n\n\n\n
Where do I go for all this?<\/strong><\/h2>\n\n\n\nThere\u2019s plenty of information out there and getting quotes is pretty straightforward.<\/p>\n\n\n\n
But understanding business insurance can take time and effort. Policy documents are often jargon-heavy and deciphering what\u2019s relevant isn\u2019t for the faint-hearted.<\/p>\n\n\n\n
When it comes to protecting your business, you need to get it right. We\u2019d recommend going to a broker<\/a> \u2013 a specialist one ideally. Getting advice and recommendations from those in the know is always better than guessing.<\/p>\n\n\n\nIf you have any questions about professional insurance you’d like answered, give us a call on 0345 222 5391.<\/strong><\/p>\n\n\n\n<\/p>\n\n\n\n
Image used under license from Shutterstock.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Some things are best left to the experts. Building a house for example. Or country dancing. Of course, buying professional insurance isn’t as convoluted as country dancing (what is?). But it does have its fair share of twists and turns. … Continue reading
A bit more straightforward than professional indemnity, public liability<\/a> insurance covers claims of physical damage to third-party people and property made against your business.<\/p>\n\n\n\n It covers things like trips, slips, spills, and breakages. Say a visitor to your office trips on a loose carpet, injures themselves, and sues you for damages.<\/p>\n\n\n\n <\/p>\n\n\n\n Apart from vehicle insurance, this is the only policy required by law. <\/p>\n\n\n\n If you have staff (even if there’s just the one, they’re unpaid, temporary or they\u2019re on work experience), you must have employers\u2019 liability insurance<\/a>. It covers claims against your business by its employees if they get sick or injured as a result of working for you.<\/p>\n\n\n\n You can read more about your obligations here<\/a>.<\/p>\n\n\n\n <\/p>\n\n\n\n If you\u2019ve invested good money in your workspace and what\u2019s in it, it makes sense to cover it from the risks of fire, theft, flood, and accidental damage.<\/p>\n\n\n\n To make sure everything’s properly covered, a good office property insurance<\/a> policy should split things into three:<\/p>\n\n\n\n Buildings insurance is for your bricks and mortar and is usually done separately.<\/p>\n\n\n\n Business interruption insurance\u00a0goes hand in hand with office insurance. It covers the costs of temporarily setting up elsewhere if you can\u2019t work from your usual premises (following a flood or fire for example). It’ll also cover the lost income from not being able to trade during the same period.<\/p>\n\n\n\n <\/p>\n\n\n\n Deciding what not<\/em> to cover can be as difficult as deciding what you should. There\u2019s an argument to say that all professional insurance covers a risk, and you should do what you can to protect what you have. But your budget usually means you have to draw the line somewhere.<\/p>\n\n\n\n If you want to go the whole hog, next on the list might be cyber insurance<\/a>. If you run any aspect of your business online (which most of us do), it\u2019ll help protect you from the financial and reputational damage caused by a cyber-attack or digital meltdown.<\/p>\n\n\n\n Extra cover for social engineering<\/a> and financial cybercrime, as well as business interruption if you’re unable to trade due to a cyber-attack, would give you peace of mind that you’re prepared for the outcomes of almost any cyber incident.<\/p>\n\n\n\n There\u2019s also directors\u2019 and officers\u2019 insurance<\/a> if someone in charge is accused of failing their duty as a director.<\/p>\n\n\n\n Legal expenses insurance<\/a> is a good thing to add on to your policy if you enter into contracts. With employees, clients, suppliers, or contractors. It pays to defend you in a contractual dispute and has other benefits too, like covering lost income if you\u2019re called up for jury duty.<\/p>\n\n\n\n <\/p>\n\n\n\n There\u2019s plenty of information out there and getting quotes is pretty straightforward.<\/p>\n\n\n\n But understanding business insurance can take time and effort. Policy documents are often jargon-heavy and deciphering what\u2019s relevant isn\u2019t for the faint-hearted.<\/p>\n\n\n\n When it comes to protecting your business, you need to get it right. We\u2019d recommend going to a broker<\/a> \u2013 a specialist one ideally. Getting advice and recommendations from those in the know is always better than guessing.<\/p>\n\n\n\n If you have any questions about professional insurance you’d like answered, give us a call on 0345 222 5391.<\/strong><\/p>\n\n\n\n <\/p>\n\n\n\n Image used under license from Shutterstock.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":" Some things are best left to the experts. Building a house for example. Or country dancing. Of course, buying professional insurance isn’t as convoluted as country dancing (what is?). But it does have its fair share of twists and turns. … Continue reading What\u2019s employers\u2019 liability insurance?<\/strong><\/h2>\n\n\n\n
I want to cover my stuff too. What\u2019s best for that?<\/strong><\/h2>\n\n\n\n
\n
Anything else? <\/strong><\/h2>\n\n\n\n
Where do I go for all this?<\/strong><\/h2>\n\n\n\n