Business Insurance For Contractors And Small Businesses

Adequate business insurance is a critical shield against certain risks to which contractors and small businesses are exposed during their operations. The type of insurance includes public liability, professional indemnity, and employers’ liability. Business insurance covers financial loss incurred when such occurrences such as accidents, property damage, or legal cases occur. 

This means if you have the right insurance, you can run a small business or work as an independent contractor without worrying about how a sudden event would wipe out your entire life or financial life.

Adaptable Business Insurance Packages For Your Needs

The following types of business insurance packages are available: 

  • Public Liability: protects against claims for injury or damage to property resulting from the business operations. 
  • Professional Indemnity: Covers legal costs and compensation claims when your business is accused of professional negligence or if the business has provided inadequate advice.
  • Employers’ Liability: This is a mandatory insurance package for businesses with employees. Its purpose is to safeguard against work-related injuries or disease claims. 
  • Contract Works Cover: Protects the construction projects from damage or loss when under construction. 
  • Hired in Plant Cover: Protects the machinery or hired equipment from damage or theft when in use for business. 
  • Own Plant Cover: Same as Hired in Plant Cover but for your owned equipment or machinery.
  • Tools Insurance: Covers the cost of repair or replacement of tools and equipment essential for the business. These packages are adjustable and fit the versatile needs of contractors and small businesses. They also provide extensive coverage so that the business may work without the risk of liabilities.

Why Do You Need Business Insurance?

Here are some of the main benefits of taking out business insurance:

Protection against unforeseen events and financial losses

Protects businesses from accidents, natural disasters, or lawsuits, which could lead to significant financial losses.

Peace of mind for business owners and stakeholders

Business insurance brings peace of mind and certainty to business owners, investors, and stakeholders and the business for which they have invested their money and time is protected in many ways.

Ability to mitigate risks and continue operations in challenging situations

Business insurance allows businesses to take control and manage risks before they occur, which allows a business to continue its operations in the wake of disasters and unexpected events.

Contact Us For Specialist Business Insurance

Please reach out and talk to us for professional advice on specialist business insurance that best fits your situation. Our qualified staff will walk with you every step of the way to discover the most suitable package for your business. 

As the key player in the industry, we recognise the issues that bulldoze your way as a contractor, small business owner, or independent worker and are fully prepared to tailor unique packages to shield your small empire. Schedule a consultation today!

Are you looking for business insurance? Request a call today.

If you’re unsure if you need business insurance, get in touch for a free consultation.

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