Combined business insurance

Any business faces unpredictable threats and risks on a daily basis. A fire, robbery or employee injury may destroy everything your company stands for. To protect yourself from the unforeseen and make sure your business survives, you should purchase the right business insurance (Combined business insurance). For a monthly premium your policy will ensure you are protected from a range of pre-specified risks. Because every business is different insurances come in different forms with different levels of cover. You will need a number of insurances to cover all of your assets from possible loss or damage and to protect you from any potential liability. Researching and purchasing each insurance separately is expensive and time consuming. An alternative to this is to buy a packaged combined business insurance policy.

A combined business insurance packaged policy is a product that offers the most common insurances required to run your business bundled together in one offering and the flexibility to adjust the coverage to meet your specific needs. Packaged policies offer a number of benefits. You know the cover will be comprehensive enough to cover the main risks affecting your business whilst avoiding duplication and overlap of cover. It is also easier to manage as you have a single set of documents, one point of contact and one renewal date. Packages are often less expensive as insurers will offer a better total premium when they are providing all your cover.

The following insurances are common, highly practical and in some cases a legal requirement.

Employers liability insurance
If you employ anyone outside your immediate family, you are required by law to purchase employer's liability insurance. This insurance offers you protection for any liability arising from injury or illness sustained by employees while they are working for you.

Public liability insurance
This will protect you from any liabilities from a Third Party (other than your employees) bodily injury or damage to their property that may occur during the normal operation of your business.

Product liability insurance
This will protect you from any liabilities from a Third Party bodily injury (other than your employees) or damage to their property that may occur from products you sold or supplied.

Material damage insurance
There are several different insurances that are designed to cover your various assets (building, computer equipment, stock, or contents) from loss or damage caused by various causes (fire, flood, theft or other disasters).

Business interruption insurance
This covers you from the loss of turnover or trading profits from damage to your property that prevents the normal operation of your business.

Money insurance
In specific circumstances this will reimburse you for money that is lost or stolen from the premises, your home or whilst you are moving it to another location.

Goods in transit insurance
Covers you for accidental loss, destruction or damage to goods in transit and the cost of alternative transport if needed.

Other insurances
for your business Other insurances may be considered a standard part of an insurance policy for your business. If so, our intelligent RFQ form will allow you to request the appropriate insurance. These additional insurances will be denoted by the question mark beside the line item representing them. If you click on the question mark, text explaining the insurance will be provided.

Definition of business insurance:
Insurance concerned primarily with the protection of an insured's business or vocation. Business insurance protects a business against the loss of its valuable lives or key men; stabilizes the business through the establishment of better credit relations; and provides a practical plan for the retirement of business interest in the event of the death of one of the owners.

Call 0845 130 0009 to speak to a combined insurance adviser