What should be included in general business insurance?

If you wish to survive in the business world, it’s important to protect yourself from potential risks which you might face as an entrepreneur. Businesses are exposed to various types of uncertainty all the time, with it almost impossible to predict an event which could have severe financial consequences for business owners. Businesses in Ireland are not legally obliged to have insurance; however, business insurance will give you the peace of mind that you are protected even in the case of the unexpected. If you own an office, shop or surgery, read on for our business insurance recommendations.

What should be included in general business insurance?

What Does Property Insurance Cover?

Property insurance helps keep your business covered in the case of situations which may put you out of business, such as fire, theft, storm damage or vandalism. In the event that your business is operating from a rental property, you should make sure that your contents are fully protected with contents insurance.

What is Liability Insurance?

Liability Insurance is one of the most important parts of your business insurance. Unfortunately, accidents happen and sometimes people may be hurt while working. Employers liability insurance ensures that you are covered if an employee has been injured in the workplace or become ill as a result of an accident at work. This ensures that you can afford to compensate the employees in question. Similarly, public liability insurance will protect you in the case that a member of the public is injured due to your business’s negligence. This means you will not have to worry about the potential cost of a large pay out, as the insurance company will pay out all genuine claims.

What Happens if Business is Interrupted?

Here at AXA, our Small Business Insurance features business interruption cover. Although property and contents insurance will cover the initial cost of damages in the case of an unexpected event, you may also sustain a long-term interruption to business which will also have an effect on your income. Business interruption cover will help you to cover the financial losses which are a direct consequence of an unexpected loss of revenue.

Business Insurance

Great deals on shop, office, and surgery insurance

AXA Small Business Insurance gives you public liability cover, employer liability cover and more. It’s the perfect package for retail owners, offices, or surgeries.

Terms and conditions, and normal underwriting criteria apply.

Call 1890 273 372