In part three of our guide to understanding insurance, we take a look at Business Insurance, the different kinds of cover available and how it can help protect your business.

Getting your business insurance sorted is one of those things that no matter if you’re a plumber, plasterer or handyman, needs to be ticked off that to-do list. While at times it may seem a bit overwhelming, knowing which policies cover what and the type of coverage you need, we’ve done the leg work to come up with a simple guide that explains how business insurance can protect your tradie business.

You work hard to build your business. So it’s vital to protect your business assets and revenue against potential risks that may impact your business, such as fire, storms, theft and accidental damage.

We’ll give you a hint, it’s not fish and chips! A Business Insurance* pack offers a variety of different insurance options for the unique needs of small business owners out there. To help you get a better understanding of the types of business insurance options that may be offered, we take you for a tour of the ins and outs of a Business Insurance pack.

From cyber-attacks and lawsuits to supply chain issues and stolen inventory, the risks of running a small business should not be underestimated – and while some risks can be managed through day-to-day processes, others are open to chance with the potential for major disruption.

As a plumber you are faced with different challenges every day, one minute you’re fixing a burst pipe, next you‘re unplugging a drain, no two days are ever the same! While you are busy looking after your client‘s plumbing problems, take the time to consider protecting your plumbing business with the right kinds of business insurance. When there’s an overflow of unplanned issues like a claim from a customer, Public Liability insurance* could help save the day!

Crunching numbers and helping your clients with their accounting queries is all in a day’s work as an accountant. But even with all the years of experience, training and education, mistakes can happen when you least expect them. While there are many types of accounting insurances on the market, Professional Indemnity insurance* is something to consider when looking at ways to protect your accounting business with business insurance.

Your employees are essential to the running of your business, so it makes sense to have all the right measures and insurances in place to help keep them safe and protected. While there are many different types of insurances available to cover aspects of your business, Employers Liability insurance* is one which you may need to consider when you have a team of staff working for you.

Professional Indemnity insurance* is an important form of protection for businesses that provide specialist services or professional advice. It is designed to respond to claims against your business for losses as a result of actual or alleged negligent acts or omissions in the provision of your professional service or advice. PI Insurance could also assist with the legal costs associated with responding to or managing claims which are covered by the policy.