UK Business Insurance: What Types Do You Really Need?
Generally speaking, in the UK there are three types of business insurance; Public liability, Product Liability and Employers Liability Insurance.
Of the three, only Employers Liability Insurance is required by law; and this only applies if you have any ‘employees’ working under your direction. Although you may not consider yourself to have any employees, you would do well to check as the definition of an ‘employee’ to insurers is very, very wide. Some individual cases where successful claims were made were highly tenuous and can include family members or friends working under you for very short periods of time. So consider freelancers, contractors, sub-contractors, interns or anyone doing paid work, even if it’s only as a favour. To be more certain of your own position, contact your accountant or HMRC.
By law, the minimum legal coverage your business should have should be up to £5,000,000; although many business insurers will provide up to £10,000,000 in cover and others will combine both employers liability cover with both public and product liability into one comprehensive policy.
Small Business Insurance Quotes Information
Protection from unforeseen accidents or problems encourages small businesses to get insurance coverage. Whether you’ve been in business for years or you’re just starting a new company, you need small business insurance. There are many types of different corporate insurance, such as car insurance or umbrella insurance, and you won’t know what you need until you start doing more research. Now, how do you find the best insurance for you at an affordable cost?
Almost every insurance agency has small business insurance quotes available. Business insurance is just another part of what insurance companies offer. When you are looking for small company insurance quotes, no one will make fun of you because it’s a typical need for companies.
Small Business Insurance: Covering Your Mobile Devices
The way we do business and communicate with one another has changed drastically over the past decade.
Once, where a simple Filofax would have sufficed, we have seen an evolution in the way we work; field agents began to adopt the PDA, the first laptops began to appear… and then we saw an explosion in mobile technology that has resulted in ever more advanced and expensive devices gracing the messenger bags and briefcases of business people across the country, from Notebooks, to tablet devices all the way through to smart phones.
What many business people forget however, is just how much all these devices are worth. For the better equipped employee, we might see a notebook or laptop, an iPad and a Smartphone of some sort… and already we’re looking at a total cost of between £1000 and £1500. What’s more, is that these devices are carried around every day, bouncing around inside bags, used on the trains, carried through the wet British weather in less than waterproof cases and covers.