5 Reasons That Your Business Needs Insurance
17 September 2020There are many reasons that you will need insurance for your business. Without the right coverage, you could face financial ruin and loss of the business. With the right policy, you’ll find peace of mind knowing that you are covered for any situation.
1) It’s required by law
You are legally required to have certain insurance policies in place when running a business. If you don’t you could be faced with heavy fines, putting your business at risk.
2) It provides financial protection
There are many situations that, without insurance, means that your business could find itself in financial trouble. Business insurance can even help cover the costs of any legal defences.
3) It protects your employees
Your employees are the heart and soul of your business. They are also your most valuable asset. You are legally required to protect any staff that work for your business with employers liability insurance.
4) It protects your property
What would happen to your business in the event of a fire or flood at the property? Buildings and contents insurance will protect your business from these types of unforeseen disasters.
5) Business contracts require it
There are instances that you will require the right insurance for your business, such as when borrowing money, renting a property, hiring contractors and even certain client contracts may require it.
Ashburnham Insurance helps businesses manage their operational risk by providing comprehensive and customisable business insurance quotes online and offering the best value for money policies from trusted UK insurers. CALL US FREE ON 0800 1696137 to find out more.