• Do I need business insurance?

    Almost every business in the UK needs some form of insurance, something as simple as a slip, trip or fall could result in a claim. Once the costs of legal fees are added then even a small claim can end up costing your business tens of thousands of pounds.

    Business insurance can protect you against the unexpected. By having the right cover in place you’ll be able to carry on running your business with minimal disruption.

    What protection does my business need?

    Your business is unique so it can be difficult to know what the specific insurance needs are. However, most business risks come under one of the 4 below categories.

    • I work for customers at their property or premises

      Working at a customer’s premises has its own unique set of challenges and risks. From spilling a hot drink over your customer’s laptop to leaving a loose wire which their child trips over there’s lots of small accidents that could happen. However, even small accidents can result in large costs if a claim is made against you. Public Liability cover can help protect you against the unexpected and provide the peace of mind you need to focus on your customers.

    • I provide a service or give advice to my clients

      You’re an expert in your field and your customers know that and so they rely on the quality of your advice and services. Unfortunately though mistakes can, and do, happen in all professional businesses. From losing your clients information to making measurement errors, anything which causes a financial loss could result in a claim. This might not be a direct financial loss – if a piece of work is delayed then your client might lose out on a business opportunity.

      The costs of resolving and defending these types of claims can come to tens or hundreds of thousands of pounds and force uninsured business to close. With professional indemnity cover you can be assured that you’re protected should the worst happen, allowing you to focus on delivering for your clients.

    • I employ people

      You’ve discovered that leading a team of employees is very rewarding, but you also have a responsibility to those employees. Accidents can happen in any workplace and if a colleague is injured then your business can be held liable for compensation. The most common claims made by employees are for slips, trips and falls – is your business at risk?

      To protect both employees and employers it is a legal requirement for almost all UK businesses with employees to hold employers’ liability cover. If you don’t have it you could face fines of up to £2,000 a day.

    • My business has premises

      Maybe you own a shop, pub, restaurant or office. Whatever it is, your business premises are crucial to your day to day running of your business. To keep your business running you need to manage your premises, this means keeping staff and customers safe as well protecting any stock or equipment.

      To ensure your business is protected you need insurance that covers a wide range of risks from small accidents to major events such as fires, floods or theft. You should consider a specialist package designed to meet your specific insurance needs.

  • How can Bank of Scotland Business Insurance Services help me protect my business?

    At Bank of Scotland Business Insurance Services we want to help you to protect your business so you can focus on the important tasks. To do this we’ve chosen to partner with Arthur J. Gallagher Insurance Brokers Limited, one of the UK’s largest insurance brokers.

    How can I get the cover I need?

    Whether you’re ready to get a quote or are looking for further guidance you can speak with an insurance specialist by calling 0345 377 0001.

    • I want to know more about different cover options

      Learn more about Public Liability

      Find out about Professional Indemnity

      Discover insurance for Shops & Salons

      Read more on Landlord Insurance

    • Is there anything else I need to know?

      Information you’ll need to provide

      When you get a quote your specialist adviser will ask a few quick questions about your business such as the work you carry out and your employee details. By doing this they can help you get the cover your business needs.

      Keep in Mind

      Insurance covers are subject to the individual terms, conditions and exclusions of the insurer providing them. Always review the policy documentation supplied during the quote process to ensure you have the cover you need.

      The small print

      Please check you have all the cover you need by reading the policy documentation carefully (this will be provided during the quoting process).