Top 10 Business Insurance Faq’s

INSURANCE? In this litigious age every business needs to protect itself from claims from third parties for damage to the their property or for injury. The cover will protect the business from claims dealing with the legal costs and if necessary paying the damages awarded. Even defending a no win – no fee attempted claim, costs can run into thousands of pounds, which this cover will provide for.<br><br>

5.I PUT UP DISCLAIMER SIGNS AND HAVE PEOPLE SIGN DISCLAIMERS SO DO I NEED LIABILITY INSURANCE? Unfortunately yes. Signs may dissuade some claims but in law they have very little sway. The person injured may be blind or illiterate and cannot read the signs. They may well still attempt a claim even if they have signed a waiver on the basis that they did not know what they were signing and this claim would need to be defended.<br><br>

6.I ONLY EMPLOY MY FAMILY DO I HAVE TO HAVE EMPLOYERS LIABILITY INSURANCE? The Employers Liability Act 1969 does exempt family members from cover but if you trade as a limited company then you are legally required to have cover as per the Act.<br><br>

7.I DO NOT HAVE MUCH STOCK SO CAN I ONLY INSURE MY LIABILITES? Yes of course, but in protecting your