To correctly cover any business involved in this sector involves an individualised approach to your insurance – one size does not fit all.
Insurers base their premium on a number of factors however initially they will consider the description of your business and what you do. It is important that the information you give them incorporates all your activities. Otherwise Insurers may not settle any claim which is ultimately what you buy insurance for.
Sectors Covered :
Typically a business may require cover for the following:
Property claims can result from a variety of ways but the major risk would tend to be a Fire.
Covering your loss of Profit and also may include the additional expenditure required to get you back to a trading position you had prior to a loss
Insuring your cash, cheques etc. at the office or in transit to the Bank. The policy can extend to include Personal Accident Assault which covers injury to an employee in the course of a transit.
As an Employer you may be held liable for an injury to an employee. Cover for this eventuality is usually included for a limit up to € 13,000,000
When Insurers are calculating the premium to be charged they apply a rate on employee’s wages. It is important to split your employee’s into categories if possible as the rates vary. For example the rate for a Clerical employee would be lower than for a Manual employee.
Public Liability protects you in the event of a claim from a member of the public whether it is in injury, property damage and associated financial loss. Generally the limit covered is € 1,300,000, € 2,600,000 or € 6,500,000 however higher limits ahre of course available.Products Liability protects you in the event of a claim from a member of the public arising out of the sale or supply of your goods.
Other covers which should be considered are:
Protection in the event that your client suffers financial loss, as a result of alleged neglect, omission or error given by you.
Protection for your firm's Directors and Officers for costs resulting from lawsuits arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.
Covering issues like sexual harassment, bullying, discrimination or other similar employment related issues.
Misappropriation of money or goods by dishonesty or fraud by an employee
Covers legal expenses in defending an action brought by a customer or employee
Affords protection to company pension scheme Trustees against claims for mismanagement of their obligations and/or performance of their duties.
InsurePlus is a regulated and independent insurance broker providing honest insurance advice and quality products for our clients in the business sector. We have earned a first class reputation for our professional approach and excellence.
Our Staff, who have over 40 years combined insurance experience, are focussed on delivering insurance cover, for people in business, which is competitively priced supported by an unbeatable and friendly service.
First, we listen to what you need.
Then, we provide a comprehensive search of the insurance market to ensure you get quality cover at an affordable price.
Throughout the year, we support you with our knowledge, advice and day-to-day service.
Ultimately, if you have a claim we handle the paperwork and give you the best advice which is necessary to organise settlement.