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All There Is to Know About Commercial Insurance.


Commercial insurance can help you protect your business in the event of any risks occurring in the workplace, if you’re looking to shield your business from any potentially damaging situations, this is the best path for you to go down. From financial losses such as property damage and compensation claims, if you are looking for professional help, contact Boothby Taylor today to find out how Commercial Insurance can protect your business!

What Are the Different Types Of Commercial Insurance?


- Public Liability

- Employers Liability Insurance

- Professional Indemnity insurance

- Office Content Insurance

- Cyber Security Insurance

Let’s Discuss Why You Should Invest in Commercial Insurance…

If you do the correct research and talk to the right people, before committing to any insurance policies it’s really important that you have a full understanding of the cover. Commercial insurance is all about protecting your business against any uncertain and unexpected situations which have the potential to occur in the workplace. Throughout life, no matter where you are, nothing is certain and it’s crucial that you are continually thinking ahead to the future.

It is almost impossible for you to eliminate all risks, and commercial insurance it a positive step in the right direction when it comes to protecting your business and all of your employees. Taking out a new insurance cover will be a great investment for your business, although you are paying a monthly fee. In the event of anything happening to your business, you will find that you are saving a lot of money in the long term.

Who Should Have Commercial Insurance?

As a business owner, you may be asking yourself if Commercial Insurance is essential, and the short answer is no. We would strongly advise small-medium size businesses to take a look into commercial insurance as this is a great way for you to financially protect all employees and the business itself. With the correct insurance, this will save you having to pay out a large sum of money in the event of a break-in, property damage, or if any lawsuits come around. Although Commercial Insurance is crucial for small business, we would suggest to any business owners to take a look into the right covers to suit you and your current financial situation.

What Commercial Insurance Do I Need?

The type of cover you will need will depend solely on the size of your business and the amount of risk which your business appears to be exposed to. You are required by law to have an Employers Liability cover, if you have employed 1 or more members of staff. Not only will commercial insurance give you peace of mind, but you will be financially supported in the event of anything going wrong in the workplace which is under your cover.


Do I Need Commercial Insurance If I Work from Home?

We would strongly advise you to take out commercial insurance if you are working from home, this is due to the fact that your home insurance may not cover your business in the event of any theft, damage or any professional indemnity claims.

Is It A Legal Requirement to Have Commercial Insurance?

It is not a legal requirement for you to have a full commercial insurance coverage for your business, yet it is required by law for you to have Employers Liability Insurance in the event of employing 1 or more people. Although it is not against the law for you not to have commercial insurance, we would strongly advise you look into the different options your business can go down.

As we are going through these very uncertain times, the future isn’t as clear as it normally would be. COVID 19 has affected many businesses globally, there is no better time than the present for you to take a look into commercial insurance and get covered today! Be Smart, Be Sure to Insure! Get in touch today for more information!

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