Small Business InsuranceTweet
Published on March 3, 2012 by TBO editor
If you have your own business one of the most important expenses is small business insurance. Without being properly protected you face all sorts of financial risks which could threaten your livelihood and even spell the end to your trading.
It can be difficult to find the exact cover that you need for your company, many firms create packages on a ‘one size fits all’ basis which can leave smaller companies out of pocket and paying for cover which is simply not necessary. To avoid this happening it is worth seeking out a firm who is able to offer packages designed for all different types of businesses such as The Business Octopus.
Do You Have the Correct Small Business Insurance Policies in Place?
The type of small business insurance you need will be taken into consideration when you deal with the business insurance experts. It is possible to have a policy created specifically for your line of work. It is possible to find insurance for all sorts of businesses including but not limited to:
You might be a builder or a cleaner or something in between. It is important to consider tailored insurance such as tradesmen liability insurance, tradesman tool insurance, height, heat and depth cover.
Some of the most important policies to consider here are contents insurance to protect your stock, liability insurance to protect against legal action brought by your employees or customers and building insurance.
Some cover to consider if you run an office based business includes commercial office insurance which is able to protect you from the cost of loss, theft or accidental damage of equipment. Employer and public liability is also applicable as well as product liability.
Many internet traders trade from their home and automatically presume their home insurance will cover any damage to equipment or stock, this is not always the case. If you hire additional help you may need liability insurance, and it is worth having goods in transit cover too.
If you are wondering what small business insurance is required for you it is best to ask the experts. Why pay more for cover than you need too? Call 0161 968 2041 for a free quote and to find answers to any questions you may have regarding your business.