We've made it simple for you to find and compare commercial car insurance,commercial van insurance, commercial truck and commercial motor insurance. You can compare plans and choose a deal that is tailored to your exact type of business in just a few minutes. With us, you can compare commercial insurance prices and begin safeguarding your company right away.
To ensure that your business is secured, get customised commercial insurance quotes from a number of leading commercial insurance companies. Our commercial insurance is tailored to meet the specific needs of businesses. We're here to help you understand the different types of insurance and select the best policy for you, so you can focus on growing your business.
Commercial insurance is a broad phrase that encompasses a wide range of policies, including public liability, employers' liability, and professional indemnity insurance. These plans safeguard you and your company from claims arising from losses, injuries, and even death. It can protect you from claims made by employees, customers, and other members of the public.
A commercial insurance policy might include a mix of several forms of cover in a single policy. These can be modified to suit your business needs depending on what you do and where your firm is located.
If you're looking for the correct form of commercial insurance for your company, think about if you:
Commercial insurance covers a variety of things, including:
Public liability insurance
Any claims made against you in which a customer, client, or member of the public is wounded (or even murdered) or their property is damaged as a result of your work are covered by public liability insurance.
Most public liability plans will cover incidents that occur on or off the grounds of your company. Be aware that public liability plans only apply to unforeseeable and unintentional accidents. Employees are not covered by public liability insurance. Employers' liability insurance is required for them.
Employers’ liability insurance
Employers' liability insurance is required if you hire anyone who isn't a direct family member, even if it's just one person. It protects you against claims brought by employees who have been injured or become ill as a result of working for you.
Employer liability is a legal requirement. If you do not have it, you could be fined up to £2,500 for each day you don't have it.
Depending on your type of business and where you are based, you might want to think about:
This policy can include:
Buildings insurance - this covers the cost of repairing or rebuilding a business after a disaster such as a fire or flooding. It's vital to double-check each policy because the circumstances you're covered for may differ between insurance providers.
Contents insurance - this protects the contents of a business, such as items, stock, and equipment. You should value your equities based on their cost rather than their selling price. If the value of your stock fluctuates, you'll need to keep your insurance cover up to date to guarantee that everything is covered. However, keep in mind that insurance companies may impose an administrative cost for policy changes.
Fixtures and fittings insurance - if you have items that don't belong to the building but aren't stock, you can add them to your buildings insurance policy.
Loss of rent insurance - if you rent out a commercial property, loss of rent insurance pays your rent during the void times between tenancies.
Third-party liability insurance is required by law if you own any vehicles for your business. If your employees drive their own cars to work for you, they are responsible for their own insurance. However, as an employer you must verify they have the legal minimum.
If you're a tradesperson, such as a carpenter or an electrician, you should consider cover for your work tools and equipment in your business insurance policy to safeguard them against damage, loss, or theft.
You may need professional indemnity insurance to join a professional body in your chosen business if you provide a service based on knowledge, skills, and advice, such as a solicitor, accountant, or architect. This insurance can cover the costs of a claim made by a client who has had their reputation tarnished or has lost money as a result of your services.
The sort of business insurance you need will depend on the size of your company and the type of work you conduct. You can select between a combined business insurance policy and separate liability cover, as well as any other protection you require.
If you operate as a tradesperson, you may also need to think about business van insurance, specialist tools insurance, goods in transit insurance, and personal injury insurance.
After the coronavirus outbreak
Any new business interruption plans sold will not cover claims arising from events that have already occurred, therefore COVID-19-related business interruption claims are unlikely to be successful.
What does the term commercial insurance mean?
Commercial insurance, often known as business insurance, protects your company against costly risks such as injury, theft, property damage, and lawsuits. In general, commercial insurance protects a company against common risks and obligations, such as client claims, theft and vandalism of property.
What is covered by a commercial insurance policy?
General liability insurance protects your company against property damage and bodily injury to third parties. Professional liability insurance protects you and your clients if you make a mistake or are sued. Merchandise and equipment are covered, as well as bodily injury to others or property damage on your premises, under a business owner's policy.
Is personal use covered under commercial insurance?
Your commercial car insurance will not cover personal usage of a company owned vehicle if the employee or executive does not possess a personal vehicle, or carry personal car insurance.
What kind of vehicles are covered by commercial insurance?
The Vehicle's Type and Weight - If you drive a vehicle that is heavier than a standard pickup or SUV, such as a dump truck, tow truck, or semi-truck with a commercial trailer, you may need a commercial car insurance cover.