Compare Business Insurance Quotes

A Guide to Business Insurance Quotes

Enterprises come in all shapes and sizes, and the role of the Business Insurance Broker will vary in some respects with the size of the client company and the amount of insurance expertise thecompany has available among its own staff.

Business Insurance Quotes

The approach to commercial insurance of a small engineering workshop in a side-street will not be the same as that of a huge multi-national corporation which may number an insurance company among its subsidiaries.

The Business Insurance Broker will handle the insurances of a small company in a manner very similar to those of an individual. The relationship is likely to be a personal one wit the directors of the business, and they can be considered, in a way, as individuals who have a different, and more extended, set of insurance needs because of their involvement with the company.

Most large companies will require some degree of risk assessment before the policy is underwritten, which may often include a visit to the business premises or site, and for this reason these types of larger business usually employ the services of specialist commercial insurance brokers.

Fire insurance will be very important, as will consequential loss insurance to protect the firm against loss of earnings during the period following a fire until it is fully back in business.

Then there will be all the other insurances which a business needs - public and products liability, theft and money insurance, goods in transit and perhaps marine insurance, all-risks covers, fidelity guarantee and possibly others.

The individual may be happy to consult a broker for life or motor insurance only, but the industrial company is likely to want a single source of advice for all its insurance problems.

The larger the client company is, the less it will be interested in buying standardised commercial insurance covers or packages designed for small business insurance, and the more it will want policies which match its own specific needs.

The Business Insurance Broker's negotiating skills may also be called upon to persuade an insurer to accept what may be an entirely new approach to a particular insurance need.

Additional Commercial Risks
Because commercial insurance is designed to cover all classes of business, there are many various trade or business specific covers available which can be added to a combined policy.
Examples of these covers include loss of licence to trade, book debts, commercial vehicle insurance, warehouse cover, and theft by employees.

Outside of most combined policies are additional risks more often sold under separate policy covers, that should be considered to protect your business against all eventualities.

Examples of these are, Commercial Legal Expenses insurance cover which protects the company against claims made by employees for unfair dismissal and allows you to bring cases against suppliers.

Business Insurance Quotes

Purchasing commercial risks insurance can be a daunting experience for the uninitiated small business owner and unless the risks are straightforward and can be underwritten online, it is advisable for all companies to approach the services of a local or regional commercial insurance broker.

For larger commercial enterprises it is strongly advisable to visit commercial insurance brokers for a detailed assessment of the risks your company may have exposure to.

Get more information on how to Compare Business Insurance Quotes from UK Commercial Insurance, The UK's leading online Commercial Insurance broker network.