Making sure your business is protected

Everyone knows that running a business isn’t easy these days. With the economy still struggling and red tape ever on the rise, the challenges are probably greater than ever before. This is why it’s even more important to make sure that your business and employees are protected. There are ways of protecting yourself if you choose the right cover, which is why it’s important to understand the risks involved when you’re choosing a commercial property insurance policy.

What am I protected against?
At its most basic level, this insurance will give you peace of mind that you are protected against the unexpected, whether the need to rebuild, cover a theft or burglary, fire or flood damage, or vandalism or malicious damage. All of these things can be very costly to repair, severely impacting the balance sheet, but getting the right insurance cover means that you don’t have to worry when the worst happens.
Landlords will want to ensure that rent is covered in the case that it’s not paid when an insured event such as fire occurs. This means that you can continue to count on and plan for your revenue, no matter what.

What about staff?
Employing staff presents a whole new set of legal challenges. Luckily, these too can be insured against – and sometimes within the same insurance policy. If you take out commercial property insurance with Direct Line for Business, for example, you can opt for an additional £10 million of employer’s liability cover. This means that if a member of your staff sues you after suffering an injury or illness, you can rest assured in the knowledge that your balance sheet won’t be impacted.
Knowing so many things that can go wrong with running a business is stressful enough. Getting the right insurance can provide real peace of mind that you’re protected against a whole variety of unexpected events, helping you to get on with the day job.

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