If you are an employer, you are legally obliged to take out employers’ liability insurance. Most businesses aren’t required to take out any other business insurance cover meaning it will be up to you to decide what’s sensible for your business needs. Business insurance is one of the most effective ways to maintain a stable, safe workplace and income stream.
To conclude, Alternative has listed below a few reasons why you should consider business insurance:
- Cover like public liability is used and relied on by thousands of businesses in the UK. It’ll protect you from expensive claims for the smallest slip-ups. This therefore could save you thousands of pounds.
- Business insurance can be essential for securing contracts with clients. This is because many clients may ask to see proof that you have adequate insurance in place before granting contracts so check what’s needed and we’ll help you arrange cover
- Lots of trade bodies and associations will demand that their members are insured for certain things, such as professional indemnity. Whatever they require we can help and get the correct cover you need.
- Additional covers like protection for stock, business interruption, equipment, contents and buildings can also be essential, should your company be hit with a catastrophe that threatens your trade. So try and weigh up the risks. We can help you decide what’s important to you and your business.