Business insurance may be a stipulation in some of your contracts and if this is the case then it is a necessity for you
(PRWEB UK) 25 July 2012
The online comparison specialist Cost.co.uk, work tirelessly on behalf of their customers to source the best deal on all insurance, monetary, travel and utility matters. The team of comparison gurus at Cost, also regularly produce information in the form of guides and tip sheets- the latest of which concerns business insurance following more banks reviewing their sales of specialist insurance to small businesses to check for mis-selling, after a recent investigation by The City watchdog.
Leading insurance expert at Cost, expresses her views on the subject:
“Whether you’re a small or large business owner, you should acknowledge the importance of business insurance and protect yourself and your company with a policy. Insurance is there for one main reason; to protect you and your business; it would be reckless not to want to protect your company”.
- Legality: Employer’s liability insurance is a legal requirement if you have employees. You must purchase a minimum of £5m in cover.
- Contracts: Business insurance may be a stipulation in some of your contracts and if this is the case then it is a necessity for you. The contracts may state a low level of public liability cover which you may decide is not enough and you may want to choose a more protective policy
- Under-insured? When purchasing insurance for your property, you must ensure that you have the appropriate cover, you cannot be under-insured! The total value of your property must be current- you may need an expert to do this.
Cost recognises the importance of keeping up to date with the latest industry developments so they also provide their consumers with the most recent news bulletins.
Based in Essex, Cost is one of the UK’s leading price comparison sites. Allowing their online customers access to companies offering a range of insurance, financial and travel services, the firm specialise in providing a personal experience. Founded in 2012, the agency has a trusted reputation for sourcing the most ideal policies at affordable prices.