Checklist for minimum Insurance Needed

The following is the basic insurance cover you will need in your business:

• Fire insurance. You will need basic cover to protect against fire to protect premises, contents and records against fire.
  
  
• Theft. You will need protection for any losses through burglary or robberies, etc.
  
  
• Vehicles. You will need vehicle insurance for all your cars, trucks, etc.
  
  
• Public liability. You will need cover to meet claims from third parties for any personal injury they receive on your properties through your negligence.
  
  
• Professional indemnity. You will need cover for any claims against you or your business for negligence in advice you may give
  
  
• Loss of profits. You will need cover to reimburse the firm for any profits lost due to business interruption or other closures, even through faults that are not yours.
  
  
• Employees. You will need cover for workers compensation that provides for cover due to accidents if this is not covered regulations in your country.
  
  
• Health. You will need insurance cover to reimburse for costs necessary where the owner’s life is affected.

Return to 'Checklist' menu