As a business, it is essential you have the right type of insurance. It is also important that you check with your employers if you are self employed, as this will ensure you are definitely covered by the right insurance before beginning work. These are the most common types of business insurance and the reasons for having them:
- Public liability insurance. This will protect both you and the client if there is an injury or any damage to property.
- Employers’ liability insurance. Many employers choose to take out this type of insurance to cover legal costs if an employee sues the company.
- Professional indemnity insurance. This is an important one for your clients, as it can help them recover money lost.
These are the main types of insurance for people. There are also others that cover property and buildings, which you can look into if they are relevant to you.