Business Insurance
If you are in business you should have contingency plans in place to minimise the risk to your business if anything unexpected happens.
With comprehensive business insurance you can relax knowing your business will continue.
But business risks are varied and require specialist planning to make sure you know what your options are.
Minimising business risk is not just about protecting assets, but making sure you meet your legal responsibilities and protect yourself from litigation should it be necessary.
Talk to us about quality insurance products that meet your specific business's needs.
Indemnity Insurance
Professionals and professional service organisations perform in an environment of increased responsibility which means they are held accountable for any losses experienced as a consequence of any advice they have provided.
This includes malpractice, disputes and actions bought against you or your firm.
This includes professions such as:
- lawyers
- health care practitioners
- architects and engineers
- financial advisers
- accountants
- builders
- IT professionals
- dentists
If your business involves giving advice, then you need to protect your firm from litigation.
Business liability
Business liability insurance covers you for damage to other people's property or accidental injury to other people.
But business liability is a complex area - you need to be confident you have the right insurance product that fits with your particular requirements including protection for:
- settlement of claims for personal injuries
- unexpected property damage
- breaches of legislation such as Fair Trading or Consumer Guarantees act
- negligent acts, errors or omissions
Business liability insurance includes:
- general liability
- employers liability
- statutory liability
- employment disputes
- professional liability
- legal defence
- carriers transit liability
Contact us to make sure you have the most cost effective and appropriate level of protection for your business.
Key Person
Want your business to carry on if you or one of your key employees became seriously ill or had an accident?
A key person is someone who has skills, knowledge, abilities or other personal assets that is critical to the success of the business. Losing them would negatively impact revenue or profits, limit access to finance or clients.
This could be:
- the owner or founder
- an individual with specialist skills or knowledge
- people that bring a competitive advantage
- people with access to capital or credit
Key person insurance minimises the risk that your business will be disrupted and the profitability affected.
It provides compensation to cover any revenue losses related to an unexpected departure or death.
Material damage and business interruption
Does your business operate from a retail store, workshop, industrial unit or office?
If your premises form the heart of your business operations, you want to insure these premises in case of an unexpected event such as fire, flood or burglary.
Material damage insurance covers:
- buildings - whether owned or leased
- signage and fences
- contents - including machinery, plant, fixtures, fittings and furniture
- stock and cash
- employees’ personal belongings
- refrigerated goods
Business interruption insurance covers you for any loss in profit you may suffer while rebuilding your business and can include:
- reduction in turnover
- wages
- fees for claims preparation
- increased costs of working
Vehicle insurance
If your business relies on vehicles to deliver your goods and services you don't want your business to stop running if one of your employees has an accident or the vehicle is stolen.
The right vehicle insurance can make sure that you are covered for:- accidents
- theft or attempted theft
- windscreen damage
- damage by uninsured drivers
- emergency travel if your vehicle is no longer roadworthy
- damage to property in a vehicle damaged in an accident
- salvage or recovery costs
Like any insurance product, you have the choice as to the level of insurance you get depending on what you need and the nature of your business. You need to be able to make informed decisions as to what is going to suit your particular business - which is where Aspire Brokers comes in!
We can help you make sure that the cover you have includes what you need it to so there are no surprises should you need to make a claim.
Make sure your business stays on the move.
