What Insurance Does My Small Business Need

 Insurance is a confusing world to navigate, especially if you’re not used to it! When deciding on which insurance to go for, it’s important to know what you’re trying to protect and what risks for potentially face. When looking for business insurance, you will have into everything from public liability insurance, to building and contents. Plus, it’ll all be industry dependant on which cover in legal and essential.

Think about the kind of work you do and the risks you need to cover? Is there a chance a member of the public could be injured by your business and claim compensation? Do you have buildings, content or business equipment to insure?

Below is a handy list on the most popular types of business insurance and the reasons why you may need them to help you get the right cover.

Public liability insurance

You need to consider public liability insurance if your business comes into contact with members of the public, whether that’s at your premises or elsewhere. This cover will protect you against compensation claims for injury or damage made by clients, customers, or suppliers etc. This will be applicable to shops, restaurants, hairdressers, builders etc.

Professional indemnity Insurance

Professional indemnity insurance, also known as PI Insurance, is important if your business gives advice or offers a professional service to other businesses, or if you deal with client data or intellectual property. This will cover you should you ever make a mistake in your work and a client loses … Read More