Business Insurance

Business Insurance provides protection against financial loss in unforeseen situations that occur.

Why get insurance for your business? While business success involves motivation, innovation and hard work there is always an element of risk. By owning insurance business owners have a feeling of security being indemnified against insurance agreed situations. Therefore they can conduct their business operations without worrying about the financial losses that could occur.

How can business Insurance protect your business

  • Protect you from financial losses due to damaged or stolen property.
  • Protect you from client losses due to injury in your business property or losses from using your services.
  • It can cover you for the theft and damage of equipment, some lawsuits and other situations

  • Types of Insurances for Businesses

    There are many various types of insurances catering for business needs, offering certain cover for unforeseen situations some can include:

  • Property Insurance
  • General Liability Insurance
  • Professional Liability Insurance
  • Disability Insurance
  • Business Interruption insurance
  • Business Policy cover (Basic Insurance Package for businesses)

    Note: Property and Liability insurance are two insurances for businesses that are essential for their business operations.

    Property Insurance

    Property insurance protects the assets your company owns from financial loss. Property insurance provides compensation if the business building and equipment are damaged or destroyed as outlined in the policy made.

    Liability insurance

    Liability Insurance protects your business against financial loss arising from negligence. This basically covers your business legal responsibility if its actions of a cause harm and injury to others as well as property.

    Professional Liability Insurance

    Business Professionals including lawyers, architects and doctors may consider getting professional liability insurance. This insurance policy can prevent them from financial loss by lawsuits from their clients.

    Disability Insurance

    Disability insurance covers your business lost income if you become disabled or unable to operate your business.

    Business interruption insurance

    Compensates you from the loss of revenue incurred when you're forced to close down or vacate the premises due to disaster-related damage. It compensates you based on financial records what your business would have earned if the disaster would not have occurred.

    Business owner policy insurance

    For small and medium businesses with relatively the same risk , Insurance companies offer a policies that combine protection from all major property and liability risks in one package. It includes:

  • Property insurance
  • Business interruption insurance
  • Liability insurance

  • However this policy does NOT include cover for professional liability, disability insurance, auto insurance and worker’s compensation.