INSURANCE COVERS TO CONSIDER:

Property insurance

Covers all business property against events which may cause damage to the business property. This is extremely important as it covers your main assets and is a must for any business.

Business interruption

Covers your loss of profits and income following damage to the business. It is an important cover as it could be the difference between you getting back into business and not having a business at all.

Burglary

A burglary can result in damage to the business property as well as property stolen. The amount of cover will vary between businesses and goods sold.

Money

Money can be insured while it’s on the business premise, while staff are taking it to or from the bank, while in the safe overnight, or if you take it home with you for next business day banking.

Glass

The cost of glass replacement is costly and in most cases is a condition of a lease agreement for most tenants.

Machinery breakdown

Covers sudden and unforeseen loss to your plant and machinery. It also covers stock while contained in cold storage.

Electronic equipment

Covers unforeseen or sudden loss to mechanical and electrical equipment, and data restoration costs. Items to consider insuring include notebooks, point of sale and security equipment.

Goods in transit & marine cargo

If your business involves importing goods from overseas or transporting goods nationally, you may wish to consider insuring your property against potential damage whilst in transit.

Liability

Covers amounts you may have to pay for personal injury and property damage to third parties in connection with your business. A liability incident may result from a simple trip and fall at your premise or an incident from a product you sell. You cannot be in business without this cover.

General property

Covers tools or electronic equipment that is mobile with you away from the business premise. Most insurers will provide cover to specifically insure the items you want or, where feasible, have a blanket cover with a maximum limit for any one loss.

Management Liability

Management Liability insurance covers the costs of defending directors, managers and employees against claims that are the result of their actions or mismanagement.

Cyber insurance

Covers your business from computer hacking or data breach and reduces the financial impact on a business from cyberattacks.