Business Insurance - Protecting your business from the unknown

Whether you are just starting a business or operating an existing business it is likely that you have considered insurance or you should already have business insurance. Business insurance is available for many different reasons. The following information is an overview of insurances.

Public Liability Insurance
This type of insurance is very common amongst businesses. It is purchased to protect your business against claims from third parties that may have suffered an injury or fatality whilst on the premises of your business. When deciding if you need this insurance you should consider whether any third party is likely to enter your workplace for any reason. There are very few business that do not need this insurance.

Employers Liability Insurance
If your business employs anyone then this insurance is required. The insurance will usually protect your business from a claim by an employee due to illness or injury that occurred whilst at work. A claim from an employee could potentially ruin your business and your personal finances depending on your circumstances.

The Health & Safety Executive could fine your business up to £2,500 per day if you do not have adequate insurance.

Building and Contents Insurance
Similar to home policies this type of insurance is purchased to protect your business against loss due to fire, theft or other accidental damage. It will often include equipment insurance to protect your computers and other equipment that may be required by your business.

In addition to the above mentioned insurance policies you can also get, professional indemnity insurances, director insurances, legal expense insurance, business motor insurance and insurances against tax investigations. These are just a few examples and this list is not exhaustive.

Compare Business Insurance
Most business insurances are now packaged together by insurance service providers. You can compare business insurance policies from the UK's leading insurers for free online.

Businesses need to protect against their legal liability towards third parties for loss or damage arising from their professional negligence or that of their employees. Compare the business insurance market for professional indemnity insurance quotes with one of the many websites online.