Business Insurance From Allianz Insurance Plc

Because when things go wrong, we’re the small business insurance experts, experienced in putting things right. You work hard to build your business, so we work hard to help you look after it and protect your good name. Business insurance is there for anyone and everyone who provides a professional service and might be at risk of having a claim brought against them. This would cover the costs of replacing or repairing things like your broken boiler and fire/burglar alarms, as long as the damage is not due to wear and tear. Professional indemnity is useful if your business offers a service or requires you to give advice to clients.

The level of cover you need will ultimately determine the cost. If you employ one or more members of staff then you’ll need to have an active employers liability insurance policy in place. Product liability insurance can protect your business if a customer makes a claim against a faulty product you’ve made. For example, if you’re a manufacturer and a customer makes a claim after purchasing a product from you that doesn’t work properly.

You’re free to keep running your business, safe in the knowledge you’ll still have one when it’s all over. Does your product liability insurance cover the real costs of a product recall? See the benefits of Contaminated Products & Defective Products insurance from AIG.

Business interruption insurance covers your business’s income if you can’t trade because your property is damaged. We can’t cover you for any business interruption that arises as a result of Covid-19 or other pandemic events. As technology advances, crime cover is becoming an increasingly vital business insurance policy to have. The kinds of crime businesses fall victim to is also changing all the time, meaning crime insurance is a fast-evolving type of commercial cover.

While you always have the best intention when it comes to what you do for your customers, PI insurance protects you from the cost of unexpected mistakes like these. With professional indemnity insurance, any legal fees and compensation expenses will be covered – so you can continue with business as usual. Other types of business insurance help to protect against certain risks, such as public liability insurance – which covers you for any claims made against your business. As one of the UK’s biggest business insurance providers, we specialise in covers like professional indemnity insurance and employers’ liability insurance. We cover landlords too, offering insurance like tenant default insurance and rent guarantee insurance.

This does not include regular items in your toolkit, like a hammer. You’re covered for theft of tools when they’re locked in your vehicle overnight that’s parked on your drive, the street or if you’re working away. Download your policy documents instantly, so you can show proof of your cover to clients. Get the support of a dedicated claims handler should the worst happen. You can pick from a range of cover options to get a bespoke policy for your business. Your new insurance quote or renewal premium from any other insurer.

It can protect your business against property damage, compensation claims and theft. If you offer advice or provide a professional service, professional indemnity insurance protects you, if claims are brought against you by a client for the advice and work you provided. We’ll be there to help with compensation costs and legal fees so you can get on with running your business. In fact, Hiscox business insurance can support UK-based firms that trade with tools as well as those dealing in services, professional advice and knowledge. This means gas and heating engineers can benefit from our products, as can recruitment consultants, management consultants and marketing and media agencies. Event organisers, for example, may need to see proof of public liability insurance before letting you trade at their craft fair.

There are other forms of liability insurance, such as professional indemnity insurance, which can protect you if you are accused of providing inadequate advice, services or products to a customer. Speak to an adviser to find out which liability insurance you need for your business. Professional indemnity insurance can provide protection for your business when things don’t quite work out as you planned. For instance, a customer might claim there is a fault with a service you delivered leading to a negligence claim.

When you’re buying business insurance, you probably won’t be asked for your company registration number or other registration details. Insurance policies come in packages, offering a range of different cover and optional extras. It’s important to remember that the cheapest quote isn’t always the best one, it’s about finding the right cover for you and your business. Finding the right policy shouldn’t be time consuming or complex.

If you hire employees, you are legally required to take out at least £5 million in employers’ liability insurance. To understand your legal responsibilities and what the exceptions are, read more about employers’ liability here. This covers work that is in progress that is damaged by an insured event, such as a fire, flood, vandalism or theft. And now, you’ll get a fast-upfront payment of up to £1,500 to help you replace your essential tools or business equipment if they’re stolen or damaged, with Tools Essentials.