BUSINESS INSURANCE COVER
BUSINESS INSURANCE COVER
What is business insurance cover?
Business insurance refers to various types of insurance policies that protect businesses against financial losses due to various risks. The specific needs for business insurance vary greatly depending on the size, nature, and location of the business. It's often recommended for business owners to consult with insurance professionals to determine the right type and amount of insurance for their particular business.
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Public Liability insurance protects you and your business against the financial implications if you are found liable for loss or damage to other people's property, or cause illness or injury that is not covered by the Accident Compensation Commission.
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This covers damage to business property and possessions due to events like fire, theft, or natural disasters.
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Professional Indemnity insurance (also known as PI insurance) is designed for professionals who provide advice. It helps by covering your costs in the event a client or other third party alleges professional negligence and takes legal action against you.
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This covers loss of income that a business suffers after a disaster while its facility is either closed because of the disaster or in the process of being rebuilt.
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This covers the vehicle you use for business against theft and accidental damage, as well as damage caused when in use by an employee.
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This is increasingly important and covers businesses against losses caused by cyber incidents such as data breaches or cyber-attacks.