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Business Insurance - General Information
Regardless of industry, size or structure, all businesses face day-to-day risks that can have expensive consequences. Business insurance comes in many forms, but its sole purpose is to protect companies financially against these risks.
The umbrella term “business insurance” covers a vast range of products that are designed to protect against specific types of risk. Choosing the right type of business insurance therefore involves identifying the key risks to which your company is exposed. For example, if you face the risk of injuring members of the public during the operation of your business you may require public liabiliy insurance. Alternatively, if you have company stock or property you may need business contents or buildings insurance. You can find a list of business insurance types below.
Once you have decided what type of business insurance you need you will then need to figure out how much cover you require. This will depend on the size and nature of your business. It may also depend on regulations or contractual obligations with clients.
Getting adequate cover is a vital consideration for any company. That’s why we’ve partnered with Make it Cheaper – a commercial insurance broker that covers over 1,000 trades and industries. They can help you in finding the right type of insurance and provide you with quotes from leading UK business insurance specialists.