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Commercial Insurance

Running a business takes time, commitment and energy, and involves a substantial investment. An insurance package properly put together for your specific business is a method of transferring part of your risk onto someone else.

SOLE TRADERS AND SMALL AND MEDIUM ENTERPRISE BUSINESSES

Property Damage
- protects your premises, contents, stocks and money against physical loss or damage
Business Interruption
- covers loss of profit following loss or damage covered under a property damage policy.
Public Liability
- protects your legal liability towards third parties on or around your premises. This can often be extended to cover products liability if you are a manufacturer, importer or retailer; and liability arising from the sale of food or drink if you operate a bar, restaurant or cafeteria.
Employers’ Liability
- covers your legal liabilities towards your employees in the event of an injury at work.

LARGER MANUFACTURING, IMPORT AND RETAIL BUSINESSES

An insurance program for this type or size of business would typically include all the above as well as:

Personal Accident Insurance
- pays a weekly sum if an insured person is injured at work, or after hours (depending on the level of cover chosen), and also pays out a lump sum in the event of permanent disability, to varying levels.
Electronic Equipment Insurance
- specifically designed for today’s electronic equipment like computers, peripherals, telephone systems, on which we have come to depend so much.
Machinery Breakdown Insurance
- cover for breakdown or accidental damage to machinery, typically for manufacturing concerns and the construction industry.
Deterioration of Stock
- cover for loss or damage to frozen or refrigerated stocks in the event of breakdown of the refrigerating machinery.
Fidelity Insurance
- cover in the event of one or more of your employees misappropriating cash or stock.
Tool of Trade Liability
- for equipment which is registered for road use, but not covered by a motor policy whilst being used as a tool of trade. e.g. mobile cranes, fork-lift trucks.
Contractors All Risks Insurance
- covers accidental loss or damage to project works, third party liability and can also cover the construction equipment being used, as well as the material used for the project.

MEMBERS OF THE PROFESSIONS

Professional Indemnity Insurance
- for architects, engineers, lawyers, accountants, auditors etc.
- covers your legal liability for costs and expenses should you become liable for damages to your client arising out of the performance of your duties.
Directors’ and Officers’ Liability Insurance
- provides financial protection for the directors and officers of a company in the event they are sued in conjunction with the performance of their duties as they relate to the company.
- a management Errors and Omissions policy.