What
types of insurance should you consider?
For businesses there are three main areas
where you need to consider the insurance requirements of
your business. These are:
Insurances that protect against
loss or damage caused to your business’ property
or trade by adverse events.
Specific areas of insurance
in this group may include cover
for:
- Property – buildings and contents
- Engineering
failure
- Theft
- Money
- Goods in transit
- Business interruption
- Trade Credit Insurance
- Motor vehicles
- Legal Expenses
- And a variety of other risks
Insurances
that cover your business’s
legal liabilities in the event of some aspect of your
business causing damage or harm to a third party
or their
property. Employers’ Liability insurance is compulsory by law, but
other areas of liability that you may need to consider insurance cover
for include:
- Public and Product liability
- Motor Vehicle
liability
Insurances that protect
both you or your employees against the consequences of
serious
illness, injury or death,
and the effects these events could
have on
your employees, on their families, and on your business.
Areas of insurance
you might consider are: - Personal accident and sickness insurance
- Income
protection insurance
- Private medical insurance
- Life insurance
- Pensions
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