Types of insurance

Employers Liability
If you employ anyone outside your immediate family, you are required by law to purchase employer's liability insurance. This covers your legal liability arising from injury or illness or death sustained by employees while they are working for you.content two

Public Liability
This insurance covers your legal liability for bodily injury or damage to a third party or their property that may occur during the normal operation of your business.

Products Liability
This insurance covers your legal liability for bodily injury or damage to a third party or their property that may result from products you have sold or supplied.

Professional Indemnity
If you provide advice or a service, it is highly recommended that you consider this type of insurance. The policy provides protection in the event of your business giving negligent advice or making errors or omissions that result in a financial loss.

Material Damage
There are several different types of insurance designed to protect physical assets such as buildings, computer equipment, stock or contents from loss or damage caused by events including fire, flood and theft.

Business Interruption
This insurance covers the future earnings of your business resulting from a loss caused by an insured risk that has prevented the normal operation of your business.

Money
In specific circumstances, this type of insurance will cover you for money that is lost or stolen from your business premises or while in transit to the bank.

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

Motor
If you use a motor vehicle, you are required by law to insure the vehicle for a minimum of third party cover. You should also consider extending this to comprehensive cover which includes a range of additional protection and benefits.

Other types
Depending on the nature of your business, you may also have to consider other insurances such as Directors & Officers, Legal Expenses, Efficacy, Homeworker and Contractors All Risks.