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You are here: Home » Archives for liability insurance

liability insurance

buy right business insurance coverAs with owning a car, you are legally required to take out certain insurances when running a business. If you don’t you can be fined heavily and could put your entire operation at risk.

It’s also sensible to have some of the many optional business insurance policies available to cushion you from nasty shocks.

With dozens of different types of insurance cover available for businesses, here’s ByteStart’s review of the main insurances that businesses ‘must have’, some insurance cover you ‘should have’, and several ‘could have’ policies. Continue…

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Employers liability insurance is a type of business insurance policy that virtually all firms employing someone must take out.

As an employer, the health and safety of your employees when they are working for you is your responsibility. Having an employers liability insurance policy ensures that your business has a minimum level of protection should an employee get injured or become unwell while in your employment, and seek compensation from your business.

The fines for not having a suitable policy can be huge, so here’s what every business owner needs to know about employers liability insurance. Continue…

Public liability insurance will protect your business if you cause an injury to a member of the public, or property belonging to another business or individual.

You should consider taking out public liability insurance if members of the public visit you at your place of work, or if you perform work at places of work owned by third parties. Continue…

If you are in business, or are starting up a new venture, and are providing any type of professional service to clients, you will need to look at taking out Professional Indemnity Insurance cover.

Professional indemnity insurance, or PI insurance, as it’s often called, is an insurance policy that will protect you from claims made by clients who are not satisfied with the work you have done for them.

It can also cover, dishonesty, loss or damage to the customer’s data, defamation, and any alleged breaches of your client’s intellectual property.

Whether you are starting out in business, freelancing for the first time, becoming a sole trader, setting up a limited company, or simply wondering whether you need to, or should take out a professional indemnity insurance policy, this guide covers everything a business owner needs to know. It explains how Professional Indemnity Insurance works, whether it’s relevant to you and gives you tips on how to choose the right type of policy for your business.
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