Business Insurance, often arranged as a Business Pack policy, can combine several types of business cover under one policy.

Business Pack policies are generally modular, which means the sections selected can be tailored to the business.

Depending on the insurer, available sections can include:

• Property Damage
• Business Interruption
• Theft
• Money
• Glass
• Public and Products Liability
• General Property or portable equipment
• Machinery Breakdown
• Electronic Equipment
• Employee Dishonesty
• Tax Audit
• Goods in Transit

Not every insurer offers every section, and the scope of each section can vary.

Property Damage #

Can cover insured buildings, contents, stock and other business property against specified insured events.

Business Interruption #

Can cover certain lost income and additional operating expenses following an insured event that triggers the Business Interruption section.

Business Interruption does not generally respond simply because the business has experienced a reduction in revenue. The circumstances must meet the policy requirements.

Public and Products Liability #

Can provide cover for certain legal liabilities involving personal injury or property damage arising from business activities or products.

General Property #

Can cover selected portable property such as tools, laptops and equipment away from the main business premises.

Theft-from-vehicle and storage conditions can apply.

Does a Business Pack cover every business risk? #

No.

Separate insurance may still be required for exposures such as:

• Professional Indemnity
• Cyber Insurance
• Management Liability
• Commercial Motor
• Workers Compensation
• Contract Works

The appropriate combination depends on the activities, assets, staff and contractual requirements of the business.

Contact our team if you would like help reviewing the insurance requirements for your business.