Why it's important to have Business Insurance

Living

3 min read

When it comes to owning a business, there is a lot of pressure to succeed. Not only is this an opportunity to invest in something you are passionate about, it’s also a source of income and in many cases the business owner’s livelihood, with a responsibility for your employees and customers.

No matter what type of business it is, from a new start-up selling products online to a home office or a local corner shop, to having a motor trade business, a portfolio of property or an established large enterprise, it’s important to have the right protection in place that meets the needs of your business.

Especially when a business sees growth and expands its offering, it will generate more responsibilities from increased product or merchandise, a bigger workforce, to transitioning from a home start-up to a retail unit or purchasing more property to facilitate expansion.

And with success comes greater risks, so having the right insurance in place can protect businesses from financial ruin or having to cease trading if the unexpected happens including:

• Loss, theft and damage to equipment  
• Property damage
• Business interruption
• Employee sickness or injury in the workplace
• Public injury or property damage caused by your business
• Third Party business or financial loss caused by your work 

Having an insurance broker will alleviate the stress of choosing the right policy for your business. With the support of an expert commercial team behind them, it will be one less thing to worry about.

They take the time to understand the risks and challenges associated with your specific business and can assess any additional elements of cover required, so as an individual business owner you have a tailored package that safeguards you against a wide range of risks to your business.

Employer’s, Public and Product Liability insurances are an important addition to any business insurance policy when it comes to having members of staff, dealing with the public or their property when providing your business service or if your business deals with the handling and sale of products.

Your business can also benefit from specialist insurance covers such as Professional Indemnity Insurance, Credit Insurance or Cyber Insurance. Giving reassurance that a business can be protected across all elements, including your computer’s data if it is hit with a cyber-attack!

As an insurance broker with a team of commercial experts, AbbeyAutoline takes the hard work of negotiating insurance from the business owners. No matter whether they are new or renewing clients, they will guide them through the many industry specific legal regulations and obligations they may need to consider.

Working with some of the largest insurance companies across the UK and Europe, AbbeyAutoline’s Commercial Team constantly work hard to negotiate the best possible prices and cover for business clients.

And if the worst happens, their local claims team will be at your side, alongside the commercial team, to help guide you every step of the way to ensure any issues are resolved quickly and efficiently.

If you need to speak to our Specialist Commercial Team about Business Insurance, call now on 08000 66 55 44 or head to our website Business Insurance for more information.