When insuring your business there is much to consider. Specifically you want to consider what type of cover you need and want. Like all businesses if you have employees you are required by law to get Employers Liability, other than that most insurance is there to protect you, and make sure that you can consider trading even after a disruption.
Your insurance will include policies to suit your business requirements, this is how we are able to provide you with better rates as we do not automatically assume that all or nothing applies to your business. We make sure we take the details on all of your associated risk so our cover will have the best policy wording and the cheapest market rates.
If you are a carpenter or joiner you may find arranging insurance cover a complicated task as no two jobs are the same and no two businesses are the same. When dealing with a broker you are putting all the hard graft in finding the best policy for your business in the hands of insurance professionals.
Specialist insurance will be required if your business is within the woodworking trade, we provide appropriate cover to meet your specific business needs.
Covers we can include:
Public liability will cover any costs incurred from injury or illness caused to any member of the public that you, or one of your employees, are responsible for in the standard running of your business. This is becoming a more and more essential form as cover as the increasingly legally aware public are claiming more often for injury or illness that is not their fault. We have all seen the adverts calling for people to claim compensation for all types of things, and a single claim like this could potentially put you out of business if it is sufficiently large.
Since the "Employers' Liability (Compulsory Insurance) Act 1969" Employers Liability is required by law if you have any employees. This covers the same sort of thing as public liability, except it covers only individuals under you employ. We have an article on defining an employee under our download section and we would urge all prospective policyholders read this.
Tools and Equipment
Having the correct tools at your disposal can be critical to some businesses. Tools and Equipment cover can make sure that when a tool is stolen, lost or broken it can be replaced with as little disruption or cost to you as possible. The amount of cover on tools can vary, and depends entirely on what you want to pay for.
Contract Works - All Risks
All risks cover (subject to certain exclusions) for the contract the client is engaged to fulfil, Applies to the permanent or temporary works carried out under any contract or development and materials used on or next to the site or in transit within the territorial limits. Automatic reinstatement of sum insured with debris removal and professional costs and an extension available for cover under the JCT Standard form of Building Contract if needed and an indemnity to principal.