Dave Beard

Expertly compared by Dave Beard

Products Updated June 4, 2018

Business Insurance For Insurance Brokers

As an insurance broker then your main focus will be on providing your customers with the products they need as well as offering them the right advice. If you act negligently or offer incorrect advice then you may be liable. Our expert can help ensure you’re covered and the buiness is protected.

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

4 providers expertly compared:

Simply Business

Why?

This provider is our Expert’s Choice in its category as it won tops marks for the following.

  • TRUST
  • VALUE
  • EXPERTISE & KNOWLEDGE
  • CUSTOMER SERVICE

Learn more about how we review and assess the providers here on Lending Expert.

Provider
Business Insurance

Products
Professional Indemnity, Public & Employers Liability Cover

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.8/ 5

All credit types

Simply Business is a broker that provides a wide range of business insurance cover. They specialise in small businesses and can advise, compare and arrange the right insurance products to ensure you are not only protected by get the best deal on the market.

4 providers expertly compared:

Available via broker only

Zurich

Provider
Zurich Business Insurance

Products
Business Insurance

Business Type
Sole Traders, Partnerships & Limited Companies

Speciality
UK Small business cover

Rated 4.6/ 5

All credit types

The right insurance package will give you the peace of mind to successfully grow your business. Zurich have an extensive suite of insurance products tailored to a wide range of small and SME businesses to ensure you have complete protection from all risks.

4 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.

4 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.

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.

About Business Insurance For Insurance Brokers

Your customers will rely on you to give them the advice that they need so they can make an informed decision when it comes to choosing the right insurance for them. When you offer advice or meet with clients at your office you are exposed to a number of risks that could all lead to financial losses or injury. You are human and as efficient as you may think that you are, mistakes can happen. If you act negligently or offer incorrect advice your customers could find themselves financially out of pocket and this could result in a claim being submitted against you.

Business insurance will remove the stress and financial risk that surrounds defending a claim because all of these costs are included in the cover. Sometimes, deadlines and pressure from customers can lead to you making mistakes such as forgetting to provide crucial information. Business insurance is designed to protect you so that you do not have to pay the high costs of defending a claim, paying compensation or even court costs. The costs can amount to thousands of pounds and this could put your business at risk.

How Does It Work?

Business insurance is created to fit the needs of your business. As there are many risks involved with the way in which your business operates it makes sense to have the right cover in place. Bad advice, negligence and injury can all result in damages to your client and this means they have the right to fight for compensation.

Professional indemnity insurance is there to protect you from claims made against you that relate to financial losses or injury from incorrect advice or negligence. Even if you are highly experienced you are at risk and this is why you should be protected. You may omit some crucial information about specific cover that may turn out to offer very little protection for your client if they come to rely on it. This can result in large expenses that they will want to recover.

If your customers come to your office then you have to ensure that it is completely safe. Therefore, public liability insurance is the ideal way to guarantee protection from claims. In your office there is electric, carpets, furniture and many other risks that could injure your customers. Something as simple as spilling a hot drink over them can cause injury as can a damaged chair collapsing while a customer is sitting on it. These are all risks that can lead to claims being made against you so having public liability insurance will ensure that you are protected from the costs associated with defending a claim.

The Features

The features associated with business insurance are:

  • Every claim is covered regardless of the success or cost
  • Claims are thoroughly assessed before payment is made
  • Your business will be fully protected
  • Costs associated with defending a claim and compensation are covered
  • Business requirements are considered before cover is put in place
  • Regardless of your budget, cover is available

What Are the Benefits?

Business insurance will provide you with the following benefits:

  • Legal requirements will be met as well as industry regulations
  • Spend more time focussing on the needs of your business
  • All-round financial protection
  • Advice and representation available from professionals
  • Give you complete peace of mind

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