As a proprietor or director of an SME, or small to medium enterprise, it is vital that you have some insurance in place. If you have a limited company, you are required by law to have some form of Insurance for small business. The basic office insurance will cover you for a number of different liabilities, including some of the following:
1. General liabilty: this covers any eventuality that could befall you inside or outside the office environment. This may include an accident, for example: an employee my fall and injure themselves, or may be responsible for the injury to a member of the public.
2. Fire and theft liability cover insures against loss and damage resulting in a fire or burgulary.
3. Produdt liability: is insurance against the possiblity of being sued by any customer who may have sustained an injury using your product. This can cover damage to a customer’s property as a consequence of using your product.
4. Any disability will be covered by Personal disability insurance, which pays on a monthly basis depending on the terms.
5. Business interruption: specialises in the temporary change to business location in the event of a fire or other damage. it could cover the cost of accounts or records that have been damaged or misplaced.
Commercially used van insurance is more expensive than that associated with private van usage. it is due to the contents of the van and the associated high risk. However, business van insurance will cover 24 hour accident recovery, and usually supply a courtesy car if necessary.
