Business Insurance Types
Employers Liability – This provides cover to employers in respect of their legal obligations (Compulsory Insurance Act 1969) in respect of their liability at common law or under statute to their employees for injury or disease arising out of their employment. Cover extends to cover the vicarious liability for temporary staff whilst on assignment should the agency be held legally liable.
Public Liability – Provides indemnity in respect of the legal liabilities of the business for accidental damage injury or damage to third party property arising from the activities of the business.
Products Liability – Cover should include for goods supplied for export, or in the event that your product causes damage to third parties in person or to their property.Please note that Products Liability excludes cover in respect of claims for supply of poor quality goods or poor services.
Legal Expenses – Provides indemnity against legal costs including those incurred in respect of :
Defending civil proceedings against the business by employees relating to a contract of employment, race relations, sexual discrimination or age related issues.
Reimbursement of an Employment Award
An appeal by the agency against an assessment by Customs and Excise regarding VAT.
Asset Protection – The loss of a companies assets or a realisation of potential liabilities is likely to affect or undermine the profitability of a company. Banks often require adequate material damage and consequential loss insurances to be maintained. Office equipment including computers, and buildings cover if appropriate.
Many clients involved in manufacturing industries require cover for machinery and plant and those in certain sectors including printing require special extensions to their policies appropriate to their trade.
Loss of income and additional expenditure following an insurable risk can all be covered on a simple office contents policy or a commercial combined insurance cover.