Starting a business:
Business insurance
Insurance of your business assets
Buildings, machinery, furniture and fittings, stock and means of transport are all business assets. Fire or theft could halt your production. These risks are covered by the following insurance policies:
- Cargo policies
- Machinery and equipment policies
- Business premises policies
- Business interruption and/or machinery breakdown policies
- Computer policies
If the product or services you supply cause personal injury or material damage, you could be held liable as an entrepreneur. There are two types of policy for this:
- Liability insurance policies for companies
- Professional liability insurance
The insurance covers damage during the transport of goods, whether you transport the goods yourself or use a professional transport company.
Legal assistance insurance
If you have any legal problems with customers, suppliers and staff, the policy will cover such things as the costs of lawyers, bailiffs and the court.
Credit insurance
If you deliver goods on account, you run a debtor's risk. In other words, the risk that your client cannot or will not pay. The credit insurance policy covers this risk.
