Commercial Combined Insurance

What is commercial combined insurance?

Commercial combined insurance is a package policy which can be tailored to specific needs of many business types. Even companies operating in the same sector are likely to have different business models, processes, machinery, staff numbers etc., meaning their commercial combined policies will need to reflect their individual requirements. As such commercial combined insurance is the go-to policy for warehouses, wholesalers, manufacturers, workshops, factories, importers, exporters and distributors, and more.

What does commercial combined insurance cover?

The policy covers a variety of risks, but its main pillars are liability and business insurance. Every commercial combined package is built with you as the specific client in mind to match your business requirements.

It can include covers for public and product liability; employers’ liability; work away; machinery and plant; tenants improvements; fixtures and fittings; tools; equipment; computers; electronic items; stock of raw materials; work in progress and finished stock; book debts; money; glass; goods in transit; plus many more. These covers include protection against various perils like fire, theft, storm, flood, accidental damage, malicious damage and more.

Our advisers will be happy to provide you with more details, so feel free to get in touch.

How does commercial combined insurance work?

Commercial combined insurance is almost like a ‘pick’n’mix’ for your business – you explain your needs to us, we find the most relevant covers and put them together for you in one easy-to-use policy. The following factors, amongst others, will play a role in the contents of the package we will offer to you: your business size, location, number of employees, turnover, industry sector, market reach (domestic / foreign), activities, processes and machinery used. Getting to grips with your business intricacies will allow us to better understand risks it is facing on daily basis and suggest a bespoke solution to protect you, the business owner, from them.

My business has previous claims, how can you help me?

Business insurance is not as simple as home insurance or car insurance. When a commercial insurance policy is put together, your business will be assessed for potential risk on an individual basis.

If you have had a claim in the past it is good practice to review the cause of loss and take action where possible to reduce the potential for it occurring again. This could be a combination of revised procedures, processes and/or improved security. Demonstrating that you have learned from the incident and implemented risk mitigation factors lowers the chance of claims reoccurring.

Improving how your risk management is perceived can increase the number of insurers we can approach for quotations and enables us to negotiate better terms for your insurance cover and premiums.

If I employ staff within my business is it required by law to have employers' liability as part of my package?

Any business employing any amount of staff, whether they are full time, part time, labour-only sub contractors or volunteers, needs employers’ liability insurance as a legal requirement. One of our advisers will be able to add this to your quote, so feel free to ask us.

Do I need to tell my employees that I have employers' liability insurance?

When you take out or renew a policy including employers' liability insurance with us we will provide you with a certificate of employers' liability insurance that will state the companies covered by the policy. This must be displayed where your employees can read it. You may display your certificate electronically but if you choose to do so you must ensure that your employees know how and where to find it and have reasonable access.