Protecting your business: Essential Short-Term Insurance for Entrepreneurs

Having short term commercial insurance is crucial in safeguarding your business from a variety of unexpected circumstances. We recognise the uniqueness of your business, which is why we tailor your coverage to suit your specific business requirements.

When ensuring your business, there are several factors to consider.

Stock and machinery stored on premises

Stock and machinery can be protected under the fire section at their replacement value. This coverage will insure your stock and machinery against fire, water, wind, hail, and storm damage.

Business interruption

Business interruption insurance is designed to replace lost business income in the event of a disaster, such as a fire or a natural calamity. This type of insurance also covers operating expenses, relocation to a temporary location, payroll, taxes, and loan payments.

Office contents

This section will encompass all your movable furniture (e.g., tables, chairs, etc.), PCs, and electronic equipment not included.

Theft

Theft coverage protects you against forced theft. It operates on a first-loss basis, with an alarm clause in effect. You can set your own insured amount based on your needs, but this amount will serve as your limit.

Business All-risk

All devices taken off the premises must be specified under this section. Laptops, cell phones, and trade tools will be covered. Serial numbers, detailed descriptions, and values must be provided.

Electronic Equipment

This section provides coverage for all electronic devices used within the premises, such as PCs, printers, and computer screens, for example.

Liability

The liability section may include the following:

General liability – This part protects your business against potential claims from third parties who get injured on your premises.

Product Liability – If your business operates in industries like catering, construction, or automotive, for instance, this coverage safeguards your business against potential claims arising from damage caused by your provided products to third parties.

Fidelity cover

This section shields your business against potential losses due to employees' dishonesty.

Defective workmanship

When working off-site and causing damage to third-party property.

In a challenging economic environment, it is essential to properly insure your business to ensure its future. Contact us today for expert advice from our professional advisors.