As a business owner, protecting your company from potential risks is crucial. Whether it's from financial loss, legal liability, or property damage, having the right business insurance policy can help ensure your company's stability and success. When thinking about whether you need business insurance, consider the following factors: Protects Your Assets Business insurance protects your company's assets, including your building, equipment, inventory, and other property. In the event of a covered loss, your insurance policy can help cover the cost of repairs or replacements.
6 February 2023
If you are in the process of converting a building into separate flats, you may want to rent these units out to new tenants. If you've never done this before, there are many different factors to consider, but one of the most important elements is undoubtedly insurance. Apart from the obvious coverage, what kind of protection should you consider to deal with this specific type of venture? The Nightmare Tenant
18 March 2022
Most small business owners understand how important it is to have proper insurance in place to cover them in the event of a fire. If they operate a 'brick and mortar' establishment and a fire does break out, then they will want to ensure that all of their equipment, fittings, fixtures and stock can be replaced without causing too much hardship. Yet while this type of insurance is essential, it does not cover the real cost to the business associated with downtime.
12 December 2019
As a small business owner, you need to make sure that your business is adequately insured. While you may know the basics about business insurance, you may not have the experience yet to know exactly what kind of cover you need. It can take some time to get up to speed on the business insurance market, but using a business insurance broker may help. Why is it a good idea to use a broker?
27 December 2018
Choosing the right management liability insurance policy is critical for the financial security of your business. This insurance cover will ensure that your company is protected against the losses which can be incurred due to mismanagement. If you are not covered and you cause losses to other parties, your enterprise might be crippled by the allegations of the wrongful acts. The management liability insurance will minimise the repercussions by covering claimant costs, defence or legal expenses, civil fines and investigation costs.
23 May 2018
As a civil contractor, you probably carry insurance. Hopefully, nothing ever goes wrong, and you never need to make a claim. However, in case you need to make a claim, here are some tips to help that process go smoothly. 1. Keep Detailed Financial Records of Your Assets If you end up making a claim on your civil contractor insurance policy due to a loss of an asset, you may be tasked with proving that asset's worth.
26 October 2017
One of the advantages of running a food truck rather than a traditional cafe or restaurant is that less effort is necessary to maintain the dining room. However just because you are on the road and don't provide people with somewhere specific to eat doesn't mean that you don't need public liability insurance. Trip hazards around the van As you set up, there will often be trip hazards around the van such as power lines.
10 June 2016