Commercial Business Insurance
Need Insurance for a Commercial Business?
Whether you operate within the retail, wholesale, office or manufacturing sector, commercial insurance is something you need to be prioritising in order to protect your business. Commercial business insurance includes covers to protect such elements as your buildings, as well as their contents, financial loss, employees and any members of the public on your premises against various risks. Without it, you expose your business to a severe degree of liability.
As well as general building insurance, commercial insurance also covers other insurance areas such as business interruption, public liability, employers liability and professional indemnity. Our team of brokers here at Insurance by Simply will help you secure a bespoke and competitive commercial business insurance quotation based upon your requirements, helping to offer both you and your company the level of protection you need.
What is Commercial Insurance?
Simply put, commercial insurance can be considered any insurance that protects a business. Commercial insurance protects businesses who operate from places such as offices, warehouses, retail stores (and more including virtual businesses) in case of various events, including cover for (but not limited to):
Commercial Buildings or Tenants Improvements
Stock and Contents Including Fixtures & Fittings
Business equipment and office contents insurance
Business interruption insurance
Public and Products Liability
Employers Liability
Goods in transit insurance
Machinery breakdown cover
Cyber Liability Insurance
Directors and Officers
Additional cover available upon request.
How is Commercial Insurance Different from Home Insurance?
Commercial insurance is different from home insurance in that it protects businesses as opposed to the domestic properties that home insurance does. Whereas home insurance/residential insurance covers against claims for premises liability, commercial insurance typically protects against additional business-related liabilities; product liability, for instance.
Businesses, by their very nature, tend to inherently come with more risk than a domestic home, therefore commercial insurance tends to be significantly more expensive than a standard home insurance policy. Fortunately, Insurance by Simply can incorporate the different business insurance policies into one single premium for you to maximise value for money.
Commercial building insurance will also vary from business to business because a restaurant, for instance, with all its cooking equipment, trip hazards and flammable materials, is more likely to catch on fire than a clothes store, for example.
In a domestic property, you’re protecting the property and perhaps the contents within. Within commercial premises, however, there’s also liability for the employees working on the property, therefore employee liability is a major aspect of commercial insurance.
What Types of Businesses Need Commercial Insurance?
In reality, almost all businesses should secure commercial insurance policies (at least of a basic nature) to protect them in the event of liability. The businesses that require the greatest level of commercial insurance are typically those that also welcome the public onto their premises. That’s because you’re liable not only for the employees on-site but also for any injury caused to any members of the public, too.
What Does Commercial Insurance Cover?
Commercial insurance is a catch-all term for any insurance that protects an aspect of a business, whether that happens to be. If it occurs on a business’ premise, or a business is responsible for something in some way, then the chances are you can secure a commercial insurance policy to cover that liability.
At Insurance by Simply, we can curate a ‘commercial insurance’ policy for you that contains whatever kinds of business-related insurance you require, to the level you require it. No more and no less.
So, whether you need public liability insurance, professional indemnity insurance, business contents insurance, a combination of the three, or anything else, we can help you find what you’re looking for. What’s more, we’ll make it as easy and convenient for you as possible.
Why Choose Insurance by Simply?
With a wealth of experience in commercial business and property insurance, our team of specialist brokers work with you to create personalised, tailored and entirely bespoke commercial insurance quotes for your business. If you’re unsure whether we can help your business in particular, just check out the section below.
What Type of Businesses Can We Help?
Insurance by Simply offers commercial insurance to:
Retail businesses
Including both public and employee liability; contents, building and stock insurance; legal expenses insurance.
Office businesses
Includes professional indemnity insurance, business contents insurance, increased cost of working insurance, key-man insurance, credit risk insurance and more.
Wholesalers’ insurance
Includes business interruption insurance, goods in transit insurance, public/product liability and more.
Manufacturers’ insurance
Includes employee theft insurance, business interruption equipment breakdown insurance, commercial legal expenses insurance, insurance against deterioration of refrigerated stock and more.
A range of other businesses (get in touch with one of our specialist brokers for more information).
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