The first thing to get a business insurance is to look for a reliable insurance company in London, which will actually provide you the protection your business deserves. The list of few well known business insurance companies in London, are mentioned below:
British Insurance Brokers' Association BIBA
Coversure Insurance Services Kennington
Bluefin Insurance Services Ltd
Titan Insurance Services Limited - London Insurance
Property and Causality Insurance
The first step in order to get your business insured is to get your property insured, because this is one of the things in your business, which might lead you to a major loss if it is affected. The property which we are talking about is basically the location where your business is being run. In order to make it safe from any sort of accidents like fire, or a terrorism act, then this branch of insurance policy will help you in making your property safe. If the location is on leasing or it is on rent, then the policy will remain under the similar branch, but few set of rules will be changed.
Causality insurance provides safety against different sort of mishaps, like loss due to governmental or political changes, Cyber fraud, robbery, Employee theft, natural disasters like floods and earth quack etc. Basically this type of insurance policy is slightly similar to property insurance.
Commercial auto Insurance:
Commercial auto insurance is imposed on those vehicles which are used for the purpose of business, not for the personal use.
This insurance policy is for the benefit of employee, who might get injured in any accident, so this policy will provide them job satisfaction and security, which in other terms will increase their interest in their job. It is the responsibility of the employer who will pay all medical expenses of the employee, whether the accident happens during or after office timings.
This policy will facilitate the health expenses benefit for the workers. This is another advantage for an employee, which increases the factor of job satisfaction.
The insurance policies mentioned above are the important ones, which every business owner has to follow or else they might face huge financial loss. You should have a detailed meeting with your insurance company and feel free in asking questions if you have any ambiguity about the insurance policy. Provide all relevant information about your financial condition so that the insurance company provides you with a perfect and suitable program
Read the documents repeatedly in order to have knowledge about all the important information, besides that, do keep two to three copies of the insurance policies document with yourself.
Do not sign until all of your confusion has been resolved or else you might regret on your decision.