At businesscover-4u we are aware that as a director you are exposed to unlimited liabilities which continue even after a company is sold or closed. You can protect yourself by taking out our business cover.

 

We are able to compare quotes from leading brokers to ensure you are making the right decisions and taking out the correct level of cover.

 

 

Latest Article

Commercial cover on the rise Posted on : 17/05/2012

Business cover is one of the most important investment you can make when running your your company. Running a business is bound to have its ups and its downs, and so not taking out a policy could be seriously detrimental to your company if anything were to happen to your staff, customers, or your assets. According to economicvoice.com, the four main categories of business cover are: 1. Liability insurance – including employer’s liability, which is required by law if you employ staff. The other liability covers are public liability insurance, products liability insurance, professional indemnity and commercial legal expenses insurance. 2. Building insurance – including property owner’s liability. This is for the structure of the building rather than the contents and you can take out insurance against loss of rent. 3. Business contents and computer insurance, at, or away from your business premises. 4. Business car and van insurance – you are legally required to insure against third party damage or injury.  Economicvoice.com have also recently published their advice on bagging yourself a commercial policy: Having remained at relatively low levels for some time, commercial insurance rates are on the up – market conditions are more difficult, insurers’ profits are dwindling and reserves are being depleted.  Why?  And what can you do to make sure you and your business don’t suffer?

  • There has been an increase in successful injury claims being made against businesses by the proliferation of legal firms now offering ‘no win no fee’ services.
  • Commercial property prices have increased, causing insurance premiums to rise.
  • Some insurers are charging higher premiums or withdrawing completely from insuring higher risks such as self drive vehicle hire companies.
  • Most businesses should still be able to secure commercial insurance with ease, but a business that has already experienced a considerable loss may be viewed as high risk. Significant previous losses, as far as insurance companies are aware, may mean a greater risk of high or frequent claims.
  • Insurers may be reluctant to cover a new business, or one that is at greater risk of making frequent claims.
  • A number of larger insurers no longer underwrite major books of business, which has led to a reduction in markets and higher prices.
Times may be tougher than ever, but as a business owner it’s crucial to ensure you’re protected from the unexpected.  Make an insurance broker, experienced in all aspects of business insurance, your first port of call.  Your broker will understand your needs and can arrange a commercial insurance package, tailored to your needs, at a price that’s right for you.  And if you want to safeguard your savings, you may be able to enter into a longer term deal, which will make your commercial insurance cover more affordable.

Insuring your home-based business: the breakdown Posted on : 03/05/2012

Setting up your own business from home can often be a great way to earn additional income to your regular salary, or set yourself up as a successful entrepreneur. However, it is important to remember that the home business is just that - a business, it needs to be insured. If you are a renter or homeowner, your standard policy will not cover home businesses, as many policies have exclusions for "illegal" operations, so you must make sure your business is allowed to be a home based business in your community. If you run a business from your home, it is important that you cover yourself in the event of any unfortunately circumstances that would have a direct affect on your business or even home. Businessinsure have recently released a list of questions you should be asking yourself if you run your own home business: What Coverage is Needed? As with any business, the owner must analyze what types of business will be operated and the components of that business. You can consult the checklist on this guidesite to help gather the appropriate documents. Consider and answer the following questions:
  • Will the business supply, manufacture or create a product or foodstuff?
  • Will a vehicle be used in the business for any purpose?
  • What electronic equipment will be used AND will that electronic equipment be used for personal, non-business applications?
  • Will a professional service be provided?
  • Will business visitors come to the house?
Having completed your checklist, you will next need to plan what types of business cover you are in need of. These include:
Businessinsure also add: Because of the rise in the number of home businesses, a number of insurers are starting to offer some of these coverages as endorsements and riders on standard homeowners' policies. Other insurers offer specialty policies that cover both home and office. The home business person must compare these coverages to the actual cost of obtaining separate business coverage. The home business owner must compare and contract the coverages available under such products in comparison to purchasing a separate business policy. Sometimes the products offer less coverage and are packaged together solely for convenience. Finally, the home business must comply with all regulations, health codes, laws, regulations and statutes. A failure to do so may void coverage. Employment laws must be followed. If you will have employees, you will need workers' compensation coverage.