Click4Assistance UK Live Chat Software Five reasons SMEs need business insurance | Business Insurance Skipton
Get a Business Quote
Get an Ambulance Quote
01756 802 100
01282 817 277
info@westcraveninsurance.com
Menu
  • West Craven Insurance
    • About Us
    • Meet The Team
    • Latest Insurance News
    • Testimonials
    • Job Vacancies
  • Commercial
    • Vehicle Insurance
      • HGV
      • Motor Trade
      • Motor Fleet
      • Van
      • Breakdown Cover
      • Guaranteed Replacement Vehicle
      • Excess Protection
      • GAP Insurance
    • Office Insurance
      • Cyber
      • Office
      • Combined Liability
    • Property Insurance
      • Commercial Property
      • Landlords
      • Hotel & Restaurant
      • Shop
      • Salons
      • Sports and Social Clubs
    • Other Insurance
      • Commercial Liabilities
      • Directors & Officers
      • Farm & Agricultural
      • Goods In Transit
      • Professional Indemnity
      • Legal Expenses
      • Tradesman
  • Ambulance and Medical
    • Private Ambulance Insurance
    • Emergency Response Vehicles
    • Multi Vehicle Fleet
    • Paramedic Insurance
    • Medical Equipment
    • Medical Malpractice
    • Public Liability
    • Employers Liability
    • Buildings & Contents
    • Office Combined
  • BASICS Scheme
  • Corporate Risk Management
    • Risk Assessment
    • Business Start Ups
    • High Net Worth
  • Personal
    • Vehicle Insurance
      • Car
      • Motor Home
      • Van
      • Motorcycle
      • Breakdown Cover
      • Guaranteed Replacement Vehicle
      • Excess Protection
    • Property Insurance
      • House
      • Property Owners
    • Other Insurance
      • Travel
      • Legal Expenses
      • GAP Insurance
  • Contact Us
Facebook
Twitter
Trustpilot

Blog

  1. Home
  2. News
  3. Five reasons SMEs need business insurance
Business Insurance

Five reasons SMEs need business insurance

November 8, 2022Lisa Clarkson

A recent survey has revealed that over 50% of small to medium-sized enterprises (SMEs) in the UK are uninsured. Of those surveyed, a quarter of business owners said they had not considered business insurance, whilst three quarters said they felt their business was too small to be insured

 

Here are five reason we recommend business insurance to owners of SMEs:

1. Protecting your working environment
Putting the right level of Buildings and Contents Insurance for your business is essential. Whether you work from home, a garden building or commercial offices, it is important to insure your workspace against fire, flooding and other damage. It is also essential to insure your equipment against theft. Consider not only the cost of repairs, rebuilding and replacing, but also the potential loss of income incurred by any disruption.
2. Protecting against legal action
Professional Indemnity and Public Liability Insurance can protect you when things go wrong. If a business loses money or their reputation suffers as a result of using your services, or your actions, you could be presented with a liability claim. Similarly, if anyone is injured or their property damaged due to your negligence, you could face expensive legal action against you or your employees.
3. Complying with the law
Even if you have just one employee, you are legally required to have Employer’s Liability Insurance. If a member of your team suffers an injury or an illness as a result of working for you, you could face the costs of legal action, as well as a financial non-compliance penalty for each day you were uninsured.
4. Attracting the best staff by providing generous life and health insurance
As an employee benefit, you can offer staff a highly attractive package which sets you apart from other employers in a similar field of business.
5. Honouring a contractual requirement
Check your contracts with customers – a lack of the correct insurance policy can sometimes invalidate a contract. Make sure you are properly covered.

If you run your own business and do not yet have insurance, get in touch for a no-obligation quotation

Avoid the pitfalls of being under insured

Find Out More

Head Office:

First Floor,
North Barn,
Broughton Hall Business Park,
Skipton,
North Yorkshire,
BD23 3AE

Tel: 01756 802100
Email: info@westcraveninsurance.com

  • About Us
  • Latest Insurance News
  • Job Vacancies
  • TOBA
  • Privacy Policy
  • Cookie Policy
  • Complaints Policy
  • HTML Sitemap
  • XML Sitemap
  • Contact Us
  • Private Ambulance Insurance
  • Paramedic Insurance
  • Medical Malpractice
  • BASICS Scheme
  • Emergency Response Vehicles
  • Multi Vehicle Fleet
  • Medical Equipment
  • Employers Liability
  • Public Liability
  • Buildings & Contents
  • Farm & Agricultural
  • Office
  • Cyber
  • Combined Liability
  • Risk Assessment
  • High Net Worth
  • Commercial Property
  • Business Start Ups
  • Professional Indemnity
  • HGV

West Craven Insurance Services Ltd are Independent Intermediaries for a Number of Insurers acting under the ABI Code of Practice Authorised and regulated by the Financial Conduct Authority. Company Reg No: 4697748.

We use live chat software on our website, this is provided by Click4Assistance, a 3rd party UK based Software Company.
Information regarding how the data is processed and stored can be viewed here.

Proudly made by Digital NRG Ltd

Menu