This is a guest post
From small businesses to large from professional to tradesman there are many forms of insurance that can complement your business needs. There are many myths that insurance is complicated and hard to understand, however that is just a myth. Whatever your business and whatever type of insurance you require one of the biggest myths around is that any form of insurance for a business user will be expensive.
For any business liability insurance is a must. There are 2 types of liability insurance, public liability and employers liability. These liability insurances give you peace of mind that if an employee or member of the public feels they have sufficient evidence to claim against you for injury to their person or property then you will be insured against that claim. If you have employees then employers liability insurance is a legal requirement.
If you own a shop then shop insurance is a must. Shop insurance can cover you against a variety of things and it is commonly misunderstood what can or cannot be covered by shop insurance. Most commonly it will include you employers and public liabilities, building (if you are the property owner), stock in transit, any refrigerated items, an insured event that results in an income loss and deterioration of stock can also be covered. You can cover yourself against one of these or all of these; most policies can be tailored to your individual needs dispelling the myth that policies are a one size fits all affair.
Professional indemnity insurance is an insurance that is surrounded by myths of “this is not for me.” If you are any type of professional businessman that provides any form of design product or intellectual advice then you will unfortunately need professional indemnity insurance, as we are all human and errors can occur. Professional indemnity insurance covers you against any claims of negligence on your behalf, giving poor advice, misrepresentation of a product and claims of unfair dealings. Professional indemnity insurance is required by law for some professions.
If your business small or large has a van then van insurance will obviously be required. Van insurance can be affected by numerous factors. If your workforce is over 21 then your van insurance will go down, it will go down again if your workforce is over 25. If you wish to lower your insurance quote then fitting a tracking device to your van will reduce your premiums without being expensive to fit. Some other ways to reduce the high costs of van insurance include making sure that employees remove any tools or other valuable items that may tempt a thief.
If your business is big or small whether you are a professional or tradesman with one or hundreds of employees understanding the myths that surround the complexities of different business insurance will give you a head start on obtaining the best possible insurance for your needs. Hopefully the above information will help you with making the right choices.