Guide To Business Insurance

Business insurance can be confusing. With so many different types and options, it can be hard to decide on which one is right for you and your business, which is why we at the Forum of Private Business have brought together a selection of essential business insurance products, from professional indemnity and public liability to directors' and officers' liability insurance, to help protect you and your business both legally and financially.

Commercial legal expenses insurance offers protection for the cost of defence in legal and tax matters faced by many small businesses. This legal expenses insurance package is included in most Forum membership packages as standard.

Enhanced legal expenses insurance protects your business from additional costs across a greater range of legal disputes.

If your business has up to five employees, we can offer you a combined policy that includes employers' and public liability, legal expenses, business interruption, and contents covers.

Directors' and officers' liability insurance provides legal defence costs for the threat of personal litigation against directors and other key employees.

Tax enquiry insurance ensures that your accountant will be paid to act on your behalf in enquiries from revenue authorities.

It's a legal requirement for all businesses employing more than one person to have employers' liability insurance. With this cover you also have the resource to defend claims for any damage, loss or injuries incurred through business activities, and cover any compensation awarded as a result.

Professional indemnity insurance offers essential cover for businesses and consultancies that provide professional services by providing you with the resource to defend any claims of professional negligence, often the result of errors or omissions within advice or services provided that may have allegedly caused the claimant losses.

With combined liability insurance you can create a package of insurance products which gives your business protection against a range of risks, including buildings and contents, public and employers' liability, business interruption and legal disputes cover.

Each of the insurance products offered by the Forum of Private Business gives you access to a 24-hour legal helpline, which is manned by lawyers and other professional advisers, who can give you confidential business advice and counselling.

The Forum of Private Business is committed to providing business advice on every aspect of your business. Employing your own HR Director, Health and Safety Director, Business Development Director and Finance Director, could leave you with a very large annual expenditure. Our small business services provide a cost-effective solution, negating the need to employ senior expertise across each discipline.

By: Ben Holloway

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The Forum of Private Business is a proactive, not-for-profit organisation which can assist you with every aspect of running your business and across every department, from HR and finance to business development.