Click4Assistance UK Live Chat Software Has Your Business Got Adequate Liability Insurance? | West Craven Insurance
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. Liability Insurance
  3. Has Your Business Got Adequate Liability Insurance?

Has Your Business Got Adequate Liability Insurance?

May 12, 2023Lisa Clarkson

Whether you are a sole trader, director of a limited company, or self-employed, having the right liability insurance is important. If you have been in business for years or just started, you want to drive your business forward. You don’t want any legal or costly complications that could threaten or even wipe out your business.

Employers’ liability insurance
This is required by law, unlike many other forms of liability insurance. It covers claims made by current or previous employees, which can run into millions due to legal fees or compensation. Even if you run your business from home or only employ one person, employer’s public liability insurance is still required to cover injuries or illnesses caused while in your business’s employ.

Public liability
Any business that deals with members of the public needs this type of cover. As a result, this is the most common type of business insurance. So even if you do not deal directly with the public, you will still need public liability insurance to protect you from any claims made by suppliers in the event of physical injury or property damage. This type of cover is vital to protecting your investment and not leaving you potentially owing millions in costs due to inadequate cover.

Product liability
If your business manufactures or sells products, then you need this type of cover. Don’t be fooled into thinking you don’t need product liability insurance if you don’t sell directly to the public. If you are part of the supply chain, you still need to be covered.

Director and officer’s liability
Just as the name suggests, this type of cover protects you against claims from investors, shareholders, employees, and competitors. This type of insurance predominantly covers the cost of investigations, which can be very high. This can include many scenarios, from an investigation by HMRC or a competitor claiming a director has stolen trade secrets to investors personally blaming a director for the business’s losses.

Professional indemnity insurance
This will protect you in the case of claims that come about because you wrongfully advised a client and, as a result, they lose money. Many clients who require your services will often demand that you have this in place. Lawyers, surveyors, photographers, accountants, professionals working in the healthcare sector, and architects are a few examples of professions typically taking out this type of cover.

Covering against other threats
Threats to your business’s survival can appear in many forms. That’s why, when you get the correct level of liability insurance cover, it’s worth discussing in detail any other insurance you may require. From IT and cyber insurance, commercial property, or vehicle insurance to goods in transit, to mention but a few. It would be futile to safeguard against one threat only for some equally damaging claim to ruin your business. It’s worth taking a bit of extra time to consider getting the correct level of coverage.

Visit our website to find the best levels of cover for all your business insurance needs.

 

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