Leeds YHA

You just never know what’s around the next corner, at any given day. One minute you’re happily filling your stores with wonderful products you’ve made or bought in to sell and the next minute could find you scrabbling about in the midst of a hurricane or other weather related problem. The possibility of damage to the property and stock within is very high. There could also be damage or injury to employees and the public. How about in the case of fire, flood or theft from your site – all very regular occurences in this day & age. A business will have to have public liability cover for any claims from the public for damage to their property that has occured as a result of your business activity for example. Employer’s liability cover provides compensation for employees who become ill or are injured as a result of work or activities carried out at your business premises. In many areas this is actually a legal requirement. Professional indemnity insurance covers a firm against negligence or mistakes made in the advice or services provided by your company. Commercial property insurance covers claims for damage to business premises, stock and equipment in the case of theft, fire or flood. A policy that covers for the financial losses incurred because of interruption to business can be one of the best options if something dire does occur to your businesses and you cannot get the work out because of it. Cyber insurance is now becoming much more popular after the massively damaging cyber attacks on several very major companies by blackmailing hacking gangs.