What we check
- Business interruptionCovers lost income while you can't trade after an insured event.
- Public and product liabilityIf a client or member of the public is injured or suffers loss because of your business.
- Assets and stockEquipment, stock and fittings at the right replacement values.
- Cyber and electronic riskData loss, hacked accounts and electronic fraud are now common claims.
- Key person coverProtects the business if someone it relies on dies or is disabled.
- Buy-and-sell coverGives remaining partners the money to buy out a partner's share.
Common mistakes
- Insuring assets but not incomeThe building gets fixed but the business runs out of cash in the meantime.
- Using a personal policy for business equipmentHome policies often exclude business use.
- No agreement behind buy-and-sell coverThe policy needs a matching legal agreement to work.
Is your current policy still right for you? Policies that were right a few years ago often aren't today. A review costs nothing.
Common questions
I'm a sole proprietor. Do I need business insurance?
If you have equipment, clients or premises, yes. Your personal policies are unlikely to cover business risks.
What's the difference between key person and buy-and-sell cover?
Key person cover pays the business. Buy-and-sell cover funds the purchase of a partner's share for the remaining owners.
How this applies to you
General information only goes so far. Your age, family, debts and existing cover all change the answer. A free 15-minute call is the quickest way to find out where you stand.