What cover is included?
The main covers included in general commercial insurance are:
Public liability
This deals with claims made by members of the public for personal injury or property damage. For example, if a customer slips on a wet floor in your premises, or a tradesperson damages an expensive carpet while working in a client’s home.
Employers’ liability
By law, employers must hold at least £5 million of employers' liability insurance to cover claims made by employees for illnesses or injuries attributable to their employment.
Professional indemnity
If a client claims you caused them financial or reputational damage through the standard of your work, advice you gave, something you said about them, or the way you handled their data, this cover deals with any claims they make for compensation.
Business premises and contents
This cover can protect both your brick-and-mortar premises against damage in the event of storm, fire, or flood, as well as any contents, such as stock and equipment.
These make up the core of your policy, but you may like to think about these often overlooked but useful types of commercial insurance cover:
- Business interruption
- Commercial vehicle
- Credit risk
- Cyber attack
- Management liability
- Tool and hire-in tool cover