Commercial Risks Insurance
Commercial Insurance or Business Insurance encompasses a wide range of insurance products including Property, Liability and Motor amongst others.
Selecting the right product and setting the right limits can be complicated which is why we recommend speaking with a Professional adviser.
Through careful risk management and a deep understanding of your company; its processes and staff, Solihull Insurance Brokers will protect your business by providing comprehensive cost-effective insurance solutions.
By taking the time to understand the business and staff we are able to assess the risks you face allowing us to recommend the best possible solutions.
Most businesses have some form of Property insurance whether it is Buildings cover and everything in it or simple office contents/equipment or stock.
Some of the main insurance covers are listed below;
Employers Liability – provides cover for costs incurred when an employee is injured in the course of their work.
Public Liability – provides cover for costs incurred following damage or injury to a Third Party
Products Liability – provides cover for costs incurred from a faulty product
Professional Indemnity – provides cover for costs incurred if you are alleged to have provided inadequate advice, services or designs to a client.
Business Interruption – provides cover for the loss of income a business suffers following and insured event.
Cyber – provides cover for First party and Third Party expenses incurred following a Cyber incident
Crime – provides cover for expenses to the insured arising from a crime
Directors & Officers – designed to protect directors and officers (and in some cases other employees) for defence costs and legal liability incurred because of claims and prosecutions against them in their role in their organisation. Also, to insure them for representation costs in investigations of them by regulators and other authorities.
It should also provide cover for losses resulting from covered claims against insured persons alleging wrongful acts, error or omission, misstatement, neglect and breach of duty.
Corporate Legal Liability – provides cover for costs incurred for any actual or alleged act, error or omission committed or attempted by the company including any breach of any duty, including fiduciary or statutory duty, breach of trust; negligence, negligent misstatement, misleading statement or negligent misrepresentation, breach of warranty of authority.
Employment Practice Liability – provides cover to organisations and their directors, officers, employees and volunteers for defence costs and legal liability incurred on account of claims and prosecutions against them for wrongful employment practices and also for discrimination against customers or suppliers.
Good risk management is an easy way of reducing the likelihood and or impact of any claim and therefore helps to keep insurance premiums down along with any related costs. If you would any help with Fire Safety risk management or Electrical safety risk management please contact the office or alternatively contact one of our suppliers who be more than happy to help.