For many small businesses a “package policy” can contain a number of essential covers, depending on the needs of the customer and their industry.
With so many different types of ‘business’ insurances available, we understand that your business whether an office, furniture workshop or even a hairdressers, has very separate, specific requirements.
E.g. The owner of a pub may require building and contents insurance, property damage & business interruption cover, glass cover and both public and employers liability insurance. You can compare this to a shopkeeper, who may require different covers in the form of buildings and contents insurance, products liability, stock and materials, money insurance and public liability insurance.
A package policy is also considered comprehensive and more convenient for businesses as despite being made up of different covers; there is usually only one premium to pay, one renewal date to remember and one policy to manage.
What your policy could include:
- contract works
- Buildings and contents cover
- Property Damage Insurance
- Stock & materials
- Business Interruption Insurance
- Public Liability Insurance
- Products Liability Insurance
- Employers Liability Insurance
- Computer Equipment Protection
- Money Insurance
- Glass cover
- Personal Accident Insurance
- Legal Expenses Insurance
- Fidelity Insurance
- Goods in Transit Insurance
Some of the most common policies covered within a package policy include:
Buildings & Contents insurance (all risks)
This cover will provide financial support in the event of a fire, theft, flooding and both malicious and accidental damage.
Business premises face these risks on a daily basis, and whilst you may consider them unlikely the implications of these disasters on your business are severe and shouldn’t be ignored. In the event of one of the above disasters you could be faced with severe financial loss.
Public Liability insurance provides protection against injury or death to the public or any other third parties, including damage to third party property and/or incidents arising from your business activity.
If your premises welcomes clients or members of the public, this means that if they became injured due to health and safety failings or negligence then you could be held liable for damages and/or compensation including legal fees if the claim is upheld.
Public liability also protects you for third party property damage. For example, if a loose roof tile fell from your office roof building onto a parked car below; your insurance policy would cover you against costs associated with repairing the damage.
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As a business owner, if you have employee’s working for you then you are legally obliged to have Employers Liability insurance. It can protect both you and your staff in the event of personal accidents and/or damage to property which could lead to a compensation claim.
Regardless of business size or turnover, the legal minimum for Employers Liability is £5 million however constructaquote.com offers £10 million as standard giving you that extra peace of mind.
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Business interruption Cover
In the event that the everyday running of your business should cease due to an insured loss such as equipment breakdown, fire or theft, Business Interruption will cover you against lost earnings and additional costs incurred during this period.
We’re also more than happy to discuss further business protection such as professional indemnity and goods in transit.
With constructaquote.com, we take the leg work out of finding the right insurance cover for your business at a competitive price. We understand that no one knows your business better than you do, that’s why we search our panel of UK insurers for cover based on your businesses specific needs and provide you with the most competitive quote.