Choosing the right Insurance for your Business

There are many different types of business insurance available and you need to decide those which are essential, optional or just not required at all. Clearly this will depend on the function, marketplace and size of your business, combined with your attitude to risk and government legislation.

By law, all businesses are required to insure against certain kinds of risk, such as Employers’ liability insurance. You should also consider Public liability insurance when dealing with your customers and the public.

Many insurance providers now offer ‘bundled’ packages, specifically designed for certain markets. Typically these are available for businesses such as Pubs and Restaurants, Offices and Surgeries, Retail shops, Tradesmen, Property Owners and Professionals.

Business Link  provides clear, concise information as well as a helpful questionnaire that guides you to the insurance that this is right for your business. A good explanation of the ‘technical’ terminology used within the Insurance market can be found here.