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 liabililty: insures against any liability within or out of the proximity of the office. It may include an accident in the workplace with an employee, or outside with the general public.
2. Fire and theft policy cover, insures against damage sustained in a burgulary or a fire.
3. Produdt liability: is insurance against the possiblity of being sued by any customer who may have sustained an injury using your product. it can also cover the damage to their own property, as a result of association with 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: covers the cost of temporarily changing business location, due to fire of other office 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. This is due to the high risk associated with the contents of the van. However, business van insurance will cover 24 hour accident recovery, and usually supply a courtesy car if necessary.
