Commercial Insurance

Coversure offer many different solutions for commercial insurance needs, and can tailor them to the exact requirements of your business, either across several policies, as part of a combined policy, or if available for your trade, even a package policy, for the best all round cover.

Commercial businesses nearly always have many facets to them, from the bricks and mortar of their premises, and other physical items such as trade contents and stock, to the less obvious risks, like public liability and business interruption.
As an example, a joinery firm or other common trade may have an office, a warehouse and a workshop.

The office will have associated clerical staff, computer equipment and trade samples, plus business records of client invoices and bills to suppliers. These premises would need public liability for clients visiting the office about contracts, and employer’s liability for the clerical staff there, plus contents cover for the office equipment and samples. A good policy would also include some legal expenses and book debts cover in case any business records were destroyed.

The warehouse would need contents cover for the larger amounts of stock and materials, plus there may be machinery stored there, some all risks cover may be necessary too for the machinery if it was to be used away from the premises.

The workshop would need employer’s liability for all the manual work being done and contents cover for the machinery, materials and tools too. Public liability would generally not apply, but then clients and/or the public should not be allowed on site at these premises.

Altogether, work away from the premises would need special attention. Public & Employer’s liability would need to be looked into in further detail as there would be a lot of work on site, and away from the premises, and to protect your business in case any damage to other people or there property was done by your workers, or if your workers were injured in the course of their work. Goods in transit cover would need to be considered too for when materials, goods and tools are being moved outside the premises, and of course the vehicles themselves would need cover too.

Overall, business interruption would be handy if any of your premises were disrupted, for instance in case the workshop burnt down. Your business would be covered against losing money whilst you couldn’t trade, and would help in setting up at an alternative premises in order to keep your business functioning.

All in all, there are many risks a business faces and insurance products are there to provide peace of mind, and protect you when things go wrong, which they inevitably will at some point.