Dave Beard

Expertly compared by Dave Beard

Products Updated April 30, 2018

Business Insurance For Company Directors

If you are a company director, partner or officer and need insurance our experts can help. Cover is available and can be arranged quickly across a wide range of insurance needs including professional indemnity, public and employers liability insurance. Our experts can advice on what protection is required.

Our insurance experts can compare the market to find you the best deal on business insurance. Get a free quote and advice today:

2 providers expertly compared:

Hiscox

Provider
Hiscox Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.8/ 5

All credit types

Hiscox commercial business insurance provides a professional level of cover to protect every aspect of your business, from the premises to the people who work for you, and any legal matters that may arise from your day-to-day operations.

2 providers expertly compared:

AXA

Provider
AXA Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
Small business and commercial insurance

Rated 4.7/ 5

All credit types

AXA business insurance can cover you and your business for every eventuality. Apply online today and save an extra 10% on your quote instantly.

Read our customer and visitor reviews for this product:

Rating: 5 / 5 with 1 votes

Recieved quotes as promised.

by Clear Eye Wear Limited

Happy with the process and quotes. Simple to use and back up with a phone call. No pressure to buy, which was reassuring.

FAQ

As a company director you have duty to operate in a specific way and depending on your industry you may have to meet legal requirements and industry requirements.

As a director you have to think about the way in which you work and the safety you have to put in place for both employees and customers. As with any business, there are many risks involved but you are at risk of having claims made against you for negligence, incorrect advice or poor workmanship. So whether you run a building business, a haulage business or a landscaping business, the risks are there so you need to protect yourself and your business. It is extremely easy to omit crucial information when giving advice and a lapse in concentration could cause you to work negligently and this means that your clients could make a claim against you in order to recover any losses or to claim compensation for injury. Business insurance is a crucial tool for your business which is why you need to put it in place.

Business insurance is designed around the needs of your business and as a director you need to consider many things. While you may never have had a claim made against you there is always the possibility that it could happen in the future. Mistakes can happen and errors can be made so ensuring that you are covered will protect you from the high costs involved with defending a claim.

Also see: Income protection for company directors

Whatever your industry may be, as a director you have to understand the risks and safety of many different people. This could be staff, customers and the general public. Business insurance will cover you for any injury you may cause or financial loss that individuals may experience as a result of your actions.

Professional indemnity insurance works for your business because it will provide you with everything you need in order to deal with claims. Negligence, incorrect advice and poor workmanship can cause you problems because they can result in severe injury to individuals as well as financial loss from a loss of earnings and putting right poor work. This could relate to not correctly maintaining machinery which could cause injury or advising a client incorrectly that could result in them losing money. Depending on your industry the risks may differ but the possibility of a claim being made is always there.

Public liability will also protect you from any injury that you may cause to individuals or damage you cause to their property. This could range from failing to secure equipment which could cause injury or it could be drilling through a water pipe and causing a flood. These risks can all lead to the same outcome which is claim submitted against you as customer look to recover their losses and also receive compensation.

These features come with business insurance:

  • All claims are included in the cover regardless of their size or outcome
  • Each claim is assessed so that the payment can be released
  • Full protection for your business
  • Defence costs and compensation costs are covered
  • Business needs are considered before the right cover is selected
  • The cover includes court appearance costs
  • Cover to suit all budgets as well as flexible payment plans

What Are the Benefits?

Business insurance offers the following benefits:

  • Meet all legal expectations as well as industry regulations
  • Spend more time focussing on what your business needs
  • Protects your business finances
  • Representation and advice readily available
  • Make decisions knowing you are protected

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