What do I need to know about insurance?

For peace of mind, please carefully consider whether your business needs insurance.

It is one of those costs that sometimes can be ‘saved’ but then prove costly later. The types of insurance that you may be applicable are: Public Liability (essential if you are dealing with members of the public), Employers Liability, Professional Indemnity, Key Man, Director's Insurance, Equipment, Buildings & Contents Cover, Motor Insurance, Goods in Transit, Legal Expenses Insurance.

Speak to a reputable broker if you are in any doubt.

Did you know? Arson is the most financially crippling crime small businesses can face; in a six month survey conducted by AXA Insurance it accounted for 40% of crime related insurance payouts to businesses.

Key Insurance Issues

Women in business - Insurance for the female business owner

To meet the needs of this ever-growing market of businesswomen, small-business insurer More Th>n Business (www.morethanbusiness.com) has launched a package especially designed for meet their business needs.

Useful Contacts

ABI (Association of British Insurers) represents the collective interests of the UK’s insurance industry and has around 400 companies in membership. Between them, they provide 94% of domestic insurance services sold in the UK. ABI member companies account for almost 20 per cent of investments in the London stock market. www.abi.org.uk

The British Insurance Brokers’ Association (BIBA) is the UK’s leading general insurance organisation representing the interests of insurance brokers, intermediaries and their customers. To find your nearest BIBA broker visit the ‘Find A Broker' section of the BIBA website, or call BIBA’s consumer helpline on 0870 950 1790 www.biba.org.uk

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