Commercial Insurance
Overview of Commercial Insurance
We understand that commercial insurance can feel complicated, so we keep it simple. We work with you to understand your business and find you the right insurer, at the right price.
Different industries will face fundamentally different sets of risks. A standard, ‘off the shelf’ policy for a retail shop simply cannot provide adequate protection for a construction firm, a technology company, or a specialist engineering business.
By examining the precise way your business operates, whether you are an engineering firm, logistics company, or food producer, we can identify your unique exposures and tailor an insurance solution that genuinely fits your needs. Providing robust, relevant coverage where you need it most.
Our professional brokers have experience across many sectors, including:
- Professional Services such as Accountants & Business Advisors, Engineers, Architects & Surveyors
- Property Investors or Property Developers
- Construction Companies
- Technology Companies
- Sports Clubs, Leisure, Hospitality, Hotels, Bars, Restaurants & Cafés
- Waste & Recycling
- Renewable Energy
- Import & Export
- Retail, Wholesale, Import & Export
What Insurance Cover Do You Need?
The insurance needs of an accountancy firm will vary greatly from that of a sports club or an exports business.
What specific insurance cover you need will largely depend on three main factors:
- The nature of your operations
- What makes your business different
- Your specific requirements
Your business will have its own operations-related needs but could also have bespoke needs that require add-ons or more comprehensive cover than a standard policy offers.
We will agree on your priorities and consider which insurance options are most suitable to you.
Why Do You Need Insurance?
Some insurance cover is mandatory in the UK; for example, employers liability insurance, motor insurance, or engineering inspections. We often find that contractual obligations also arise when you engage with your clients, and this may mean arranging additional insurance that you hadn’t previously needed, such as professional indemnity insurance.
It’s also important to consider any regulatory requirements that may apply to your industry, for example minimum limits of indemnity cover or industry body approved policy wordings such as RICS (Royal Institute of Chartered Surveyors).
The main reason for insurance, however, is financial protection. Insurance cannot stop accidents happening in a warehouse, goods never reaching their destination, or cyber security breaches taking you offline, but they can protect you from the financial fallout that could occur in those instances. It’s up to you to decide how much protection you need, but we are always on hand to advise you in that regard.
Types of Cover We Provide
Commercial insurance can apply to professional services, the hospitality industry, import and export, retail, and much more. The insurance needed to protect those businesses is therefore quite varied.
Any of the following types of cover may be applicable under the commercial insurance umbrella:
Cyber Insurance
Public Liability & Products Liability
Employers Liability
Buildings Insurance
Business Interruption Insurance
Office Insurance
Professional Indemnity Insurance
Management Liability
IT Hardware & Equipment
Plant, Machinery & Equipment All Risks
Trade Credit Insurance
Cargo/Goods in Transit
Engineering & Machinery Breakdown
Legal Expenses Insurance
Car & Van Fleets
Environmental Impairment Liability Insurance
How We Support You
Our experienced team will partner with you to identify, actively manage, and mitigate your risk exposure. You won’t deal with call centres or tick-box exercises with us; you’ll speak with real people who have experience operating in your sector and appreciate the unique challenges that you face.
As part of our service, we provide risk evaluation and risk management guidance, which can be invaluable in the event that your business suffers a catastrophic insured event.
We also take the time to familiarise ourselves with your operations, your documentation standards, compliance processes, and the types of clients you work with. Our goal is to help reduce your exposure before risks can turn into claims, which provides peace of mind and could also reduce the cost of your insurance in the long term.
What Happens Next?
Initial Consultation
We will establish the key areas where you require protection and whether you would benefit from our services. From there, we will schedule a more thorough follow-up meeting.
Factfind & Assessment
Our broker team are happy to review any existing cover to determine whether it adequately protects you and then conduct a deep-dive into your operations, arrange site visits if required and work with you to help identify the risks you may be exposed to. Where possible, our experienced brokers will provide practical risk management advice.
Providing Insurance Quotes
We will then provide you with quotations for your insurance policy/policies and make our recommendation for the most appropriate cover.
If Your Requirements Change
After you have taken out insurance, our team will be on hand to ensure the continued suitability of your cover as we understand that circumstances can change over time, as will your insurance requirements.