What is Business Insurance?

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By law all businesses need certain types of insurance for example if the general public come to your business premises you’ll need Public Liability Insurance, and if you hire staff you need Employer’s Liability Insurance.

What are the different types of business insurance?

There are many different types of business insurance, here are a few and a description of each:

Retailers Insurance – this insurance policy covers everything that the majority of shops will need. The main items retailer’s insurance covers are Trade Contents in case of loss due to fire, flood, Money, Personal Assault, Glass and Sanitary Fittings, Employers Liability, Public Liability, Product Liability, and Business Interruption.

Tradesman’s Insurance – this business insurance is specifically designed for sole traders, limited companies and partnerships in manual occupations for example plumbers, builders, electricians, gardeners and hairdressers. Within this type of industry the insurance may include cover for Temporary Employees as this is quite common with builders for example as you employ staff for the job at hand and it is not always permanent, and cover for Equipment and Tools, and Contract Work.

Professionals Insurance – is for business owners who work as consultants, architects, bookkeepers or tutors. Every business insurance