What business insurance options are available?

Are you planning to organise business insurance in 2014? There are many options available, so it pays to know a little about them before you decide which type of policy is best for you.

Here's a quick run-down of some of the business insurance options we offer at Elders Insurance.

Business liability insurance

This type of business insurance can protect you if and when you are held responsible for any losses or damages suffered by a third party.

Elders Insurance can provide with you two kinds of cover: public liability and products liability. The former can protect you if you are found liable for killing or injuring a third party, damaging their property or causing them to lose money.

The latter can protect you if your products and services are responsible for any of the above incidents.

Business property insurance

This type of business insurance can protect your assets, which includes your property and its contents, if and when a loss-causing event occurs. It can provide you with the funds you need to repair or replace the damaged assets and get on with your life.

You can opt to cover your business for Defined Events or Accidental Damage, as well as other expenses such as the removal of debris and landscaping costs.

Business interruption insurance

While business property insurance is designed to protect your tangible assets, business interruption insurance will protect your intangible ones. This includes your income, which may also be affected by a loss-causing event.

This type of business insurance will cover you for loss of profit while you business is out-of-action, making sure your staff and any outstanding debts continue to get paid and giving you time to get back on your feet.

For more information or a quote, get in touch with your local agent today!