Small Business Insurance - a brief overview

What is Small Business Insurance?

Small Business Insurance is the name given to a range of cover that is designed to protect your assets, your employees, your clients and the general public.

The main types of Small Business Insurance include:

• Loss or damage to your property
• Loss of income following damage to your premises
• Public Liability Insurance
• Employers Liability Insurance

You may or may not need all of these as part of your Small Business Insurance policy. It very much depends on the kind of business you run.

Usually, Small Business Insurance can also provide a range of optional extras - including cover for the equipment away from your premises, theft of money or property by an employee or the cost of repairing computer equipment following breakdown.

This means you can tailor your Small Business Insurance to meet your needs and your budget.

Is there a legal requirement to have Small Business Insurance?

Employer's liability insurance is a legal requirement if you employ one or more people - and that includes casual workers, part time or temporary employees.

This covers you for compensation claims if your employees are injured at work or become ill as a result of their working environment.

Why else would I need Small Business Insurance?

Your business is your livelihood and Small Business Insurance is designed to protect you from potential financial loss. Imagine the financial impact of the following:

• An employee is injured at work and makes a claim against you
• One of your employees is responsible for damage to a customer's property
• Tools are stolen from an employee's van
• Plant is damaged at a construction site
• A laptop is accidentally lost or broken

The right Small Business Insurance policy could cover you for any of these scenarios and more.

Small Business Insurance made easy

It can be difficult to know which Small Business Insurance to buy. That's why Cornhill Direct Business has kept things simple.

If you wish, you can buy Small Business Insurance that simply consists of core cover such as loss or damage to property, loss of income and public liability.

However, we have also constructed our Small Business Insurance policies in line with the needs of a wide range of business types - from shops to tradesmen to restaurants to engineers.

Not only does our Small Business Insurance offer comprehensive cover as standard but it also allows you to choose from a range of optional extras, for an additional premium, to meet your needs and circumstances.

This means you can get the Small Business Insurance cover you want and only pay for what you need.