Small and Medium
Sized Enterprises
Every business is unique each with its own requirements. So it is prudent
that you only pay for what is appropriate for your own circumstances. It
will always be the case that small and medium sized companies will be primarily
focused on achieving their business objectives but small to medium sized
enterprises providing services to the public are exposed to a number of
risks. You need to ensure that if the worst happens you have adequate cover.
We have a wealth of experience dealing with SME’s in all sectors and
can provide advice on the best products and services available in what can
be a daunting and confusing market.
The insurance requirements of SME's will vary from sector to sector. It may
include buildings, stock, machinery and plant, plus financial protection for
loss of income following an insured loss. It can include liability to employees,
members of the public and your products, loss of money, legal expenses, goods
in transit and personal accident and sickness.
It may also be wise to consider cover for a company’s directors, partners
or employees against accidental injury. Legal expenses cover can provide expert
legal advice and piece of mind in protecting your business in the case of
unexpected legal costs such as employment disputes, compensation claims, health
& safety, data protection, tax protection, contract disputes debt recovery,
or wrongful arrest.
There are so many sectors that have their own special requirements, for
example if you are a landlord, you are responsible for insuring let properties.
You are required by law to take out policies designed for domestic let property
owners which covers against claims made by the public, other businesses
or employees for death, injury or damage to property brought about as a
result of your negligence or that of your employees. As well as these requirements
it is important to protect your investment. It may therefore be prudent
to consider Buildings cover, Landlords Fixtures and fittings, Loss of rent
and Contents cover.
Contractors may require a variety of cover which may include insurance against
accidental damage, theft and malicious damage at your premises, in transit,
or on-site, contract works including materials on site, work in progress,
your own plant and tools, hired-in plant, temporary buildings, show home
contents, employees tools, architects drawings and property awaiting sale.
A change in legislation requires motor traders who sell warranty, gap or
any other type of insurance to become authorised and regulated by the Financial
Services Authority (FSA). Such traders must have a valid Professional Indemnity
Policy (PII) and be able to provide proof of this to the FSA.
It is clear that these requirements often make it very difficult for the
busy small business operator to comply with the particular requirements
of their industry while achieving the best value. It is in these circumstances
that our expertise and experience may be of particular benefit.