Small Business Insurance

With almost six million small businesses now registered in the UK, the requirement for small business insurance is increasing. However, with several types of policies ranging from personal and professional liability to cyber and data insurance, it is extremely important to get trustworthy advice on the insurance cover that your company needs.

What is Small Business Insurance?

Small business insurance is a tailored policy that protects your business against potential loss/damages and risks that can occur from normal business activity. Insurance cover is crucial for companies that employ staff and offer a customer led service. Small business insurance provides business owners with reassurance and peace of mind should they have a claim brought against them.

Our experienced team at JMP can advise you on the types of business cover you may need and can work with you to amend your policies accordingly, ensuring you are always covered and benefitting from the best insurance policies available.

JMP Small Business Insurance provides the following cover:

Access to a wide range of commercial insurers and bespoke products

First class financial security from the insurers we select

Pro-active claims service from start to finish

Access to exclusive JMP schemes and enhancements.

There are six main types of small businesses insurance over:

Public Liability Insurance

If your business encounters members of the public, public liability insurance is crucial. This type of insurance will protect you against compensation claims for injury or damage made by clients, customers, suppliers or other third parties.

Professional Indemnity Insurance

Professional Indemnity Insurance is recommended to companies that provide a service or advice to another business, or if the company handles client data or intellectual property. If you were to get sued by a company you are working for because you made a mistake and lost them money, this cover would pay for any compensation claims or legal fees.

Employer’s Liability Insurance

If your company employs staff, you are legally required to have employer’s liability insurance. This policy will cover compensation claims made by a member of staff it they have suffered illness or injury whilst at work.

Product Liability Insurance

This protects you should one of your customers suffer damage as a result of a faulty product. This policy is especially important to businesses in the retail and technology sectors.

Personal Accident Insurance

Small businesses are extremely reliant on the people working from them and so this cover could prove to be particularly useful if you or an employee were unable to work due to an accidental injury. This policy can also pay out for lost income, medical costs and hospitalisation.

Cyber and Data Insurance

This type of cover is crucial for anyone using data such as computer programmers or marketeers. This policy will cover you for any accidental data breaches made by yourself or an employee and will also cover your business if it was victim to a cyber-attack.

Get in touch

To find out how we can help you, please call our friendly team for a no obligation quotation on 01242 898387.

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