Leeds YHA

In every kind of business operation, from even the tiniest little back bedroom set up, there may come a time when someone wants to make a claim against the business. So from the get-go, it is wise and in some instances, essential, to take out certain types of insurance policies. Take public liability – this is a major consideration if your business activities bring you into contact with members of the public, be that at your premises or anywhere else where your company has been operating. It can protect against compensation claims for injury or damage from cclients, customers, suppliers or any other third party. As an example, shops, hairdressers, restaurants, builders, take out-food businesses, all hold this insurance, sometimes geared exactly for the services they offer. For any organisation, however small, if it employs anyone, in any capacity, then employers’ liability cover is most likely going to be required legally. This policy covers claims from staff members who may have suffered an injury or illness, or any other kind of damage, whilst at work. This can be at your operating premises or anywhere else where your business is operating. There are one or two exemptions, in the case for example of only close relative are employed, In this case, checking with the Health & Safety Executive is advisable. Business buildings; business contents and stock insurance policies are also worthy of consideration as they offer different types of cover for if equipment or tools are stolen or damaged, or lost. In the case of loss or damage to a whole warehouse of stock, the implications of working without such cover doesn’t bear thinking about.