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Combined business insurance |
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Combined
liability insurance policies |
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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. 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. |
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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 insurance
policy. A 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
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.
Products liability
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.
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Questions? support@finanz.co.uk
Phone: (+0044) 0845 130 0009 Fax: (+0044) 0845 370 0021
©2003-2006 Godbold and Great British Finance Limited, E&OE. All Rights Reserved.
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