Leeds YHA

The busy businessman can often find time for that morning chat about footie or last night’s films but they may not find the same enthusiasm for sorting out the small matter of insurances for his company.  Not every business needs insurance as a legal requirment, but the majority will.   To safeguard any company, some policies should be investigated for the simple benefits they offer.  Public liability – this will cover for injury and claims made against your business by a third party.   Professional indemnity:  covers is against claims for loss or damages made by third parties as a result of negligent service or advice supplied by your company to them.   Another important one if you offer certain services would be Busines Interruption cover – this covers for loss of income during any period when your business cannot operate because of an unexpected event.   This can cover a large number of situations so specifics have to be discussed when asking for quotations.  The advice here is to be very clear about what you think you might need cover for and ensure that what is offered is absolutely right for your companys operational needs.  Property damage insurance covers for the cost of any repairs after accidental damage to the strucutre of your business property.   There is also separate warehouse insurance which covers for replacing stock or equipment stores in your warehouse should it be accidentally damaged – it’s amazing how many times a fork lift truck can damage a nearby wall or dent a production line.