If you run your own business then you probably already realise that the insurance policy you take out to protect you and your business will be different to regular domestic insurance cover.
In this kind of scenario your needs may actually be met by a specialist commercial insurance policy.
This may seem quite straightforward but finding the right kind of commercial cover may not be as easy as it seems at first.
Not all businesses are the same - they operate in different sectors and have different insurance risks and needs.
If your business is considered a high risk, for example, by insurance companies, then the cover on offer may not actually meet all of your needs and may fail to give you adequate levels of protection.
With a typical commercial insurance policy you may be given: · standard cover such as building and contents cover; · common commercial insurance features such as employers' liability insurance (in most cases a legal requirement if you employ any staff) and public liability cover.
However, not all general commercial policies may be able to get you the sector specific features and benefits you need.
In this kind of scenario your needs may actually be met by a specialist commercial insurance policy.
This may seem quite straightforward but finding the right kind of commercial cover may not be as easy as it seems at first.
Not all businesses are the same - they operate in different sectors and have different insurance risks and needs.
If your business is considered a high risk, for example, by insurance companies, then the cover on offer may not actually meet all of your needs and may fail to give you adequate levels of protection.
With a typical commercial insurance policy you may be given: · standard cover such as building and contents cover; · common commercial insurance features such as employers' liability insurance (in most cases a legal requirement if you employ any staff) and public liability cover.
However, not all general commercial policies may be able to get you the sector specific features and benefits you need.
In some cases you may be better off cooler sizes looking for specialist help and cover. A shop owner, for example, may consider business interruption cover and glass replacement benefits key to their insurance policy.
A Publican may be looking for freezer contents cover together with domestic cover for their own home and possessions if they live over the Pub.
You may well want to take some time to consider specialist commercial features and benefits as they apply to your business as well as standard cover.
In some cases these benefits may come as part of a commercial insurance policy whilst in others you may be able to build your own specialist policy as an alternative so you get all the benefits you need.
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