Small business insurance - what is covered?

Living

4 min read

If you are operating a restaurant, running a small office, shop or any other small business, you will want to know what cover small business insurance can provide when you need it most.

Here we answer some of your questions about small business insurance cover and how to find the best cover to match your specific business needs.

What is small business insurance?

Let’s begin by defining business insurance, which is insurance providing a business with protection from losses that can occur during the normal practice of a business’ activities.

If you are a smaller business your needs and business risks are different to those of a national chain for example.

Therefore, small business insurance is simply business insurance that is better suited to the operation and needs of a smaller business.

Why is small business insurance important?

 Small business insurance prepares your business to deal with any unexpected problems they may face.

It protects small business owners against everyday risks that may result from damages, loss of earnings and even interruptions of the business processes.

The right protection will allow your business to bounce right and cover any profits lost in the process.

Although business insurance is not mandatory, depending on your business operations, some types of cover are a legal requirement. This includes employer’s liability insurance, if your business has staff, or fleet insurance, if multiple vehicles are a part of your business operations.

What does small business insurance cover? 

Small business insurance should be tailored to cover the unique needs of your individual business.

Your business insurance cover will also need to meet industry specific legal regulations and obligations.

Your small business insurance policy can protect your business from a range of potential risks, including:

• Loss, theft and damage to equipment
• Property damage
• Business interruption
• Employee sickness or injury in the workplace
• Public injury or property damage caused by your business
• Third Party business or financial loss caused by your work  

How do you know what small business insurance cover is correct for you?

Look, small business insurance can be a minefield.

You might be asking yourself how you figure out exactly what cover best meets the needs of your specific business?

Fortunately, you can get in touch with AbbeyAutoline’s team of dedicated business experts who can get under the skin of your business. They can then help guide you through the various business insurance options that will provide you with suitable cover for the specific needs of your unique business.

Get in touch with our expert team here on 08000 66 55 44 today.