Top 10 Business Insurance Faq’s

insurance:<br><br>

1.DO I NEED TO TELL THE INSURERS EVERTHING ABOUT MY BUSINESS? Your Insurers need to be aware of all the facets of your business in order to asses the risk and meet the needs and demands of your insurance requirements to ensure you are fully protected. Failure to advise your insurers of a material fact could invalidate your cover! <br><br>

2.WHY DO I HAVE TO REVEAL MY WAGE ROLE? Your Insurers need this information assess the size of your company and the potential liability you may have to other parties. <br><br>

3.DO I HAVE TO TAKE OUT LANDLORD INSURANCE TO INSURE MY LANDLORDS PROPERTY? This depends on the terms of your lease. If the landlord assumes responsibility for the insurance of the buildings you occupy then you do not need to insure these yourself. However you should ascertain exactly what the lease specifies. If for example your lease makes you responsible for the insurance of existing fixtures and fittings, shop fronts, etc… then you must insure these. You will no doubt decorate and improve the risk with your own fittings. These must also be insured as the landlord will not insure them. <br><br>

4.DO I REALLY NEED PUBLIC LIABILITY