Thinking that their business will be fully covered with one simple business insurance plan is a dangerous assumption that too many people make. Unfortunately this is rarely the case and there have been lots of people caught out by this, including the recent case of an Italian farmer who lost all his livestock and money when the trailer carrying his sheep to another field crashed. In both of the fields the sheep were covered, but sadly not on small stretch of road between the two.The list of similar incidences is unfortunately a very long one. Here are 3 of the main places you need to get covered
Home business insurance. If your home overlaps with your work in almost any way, you will need to ensure that it is included in your protection. Thinking that your business is protected at home just because you have good normal home insurance is a dangerous assumption. You might keep important or expensive items at home such as files, laptop computers or stock. If any damage or loss occurs to these in the home and your business insurance does not stretch to this, you could find yourself with a huge bill
Office insurance. Thankfully this is one area that lots of businesses owners do get round to insuring, as it is where the business is based. However, what a lot of people don’t do is update the insurance cover as the business grows. A simple policy is taken out first to cover everyone and everything concerned, but then they fail to let the insurance company know when their team grows and the office space expands.
Road. As mentioned earlier, getting insurance to cover you when you are on the road is vital. Your vehicle insurance, even if you have tradesman insurance, may not cover you for business losses so make sure you let your insurer know if you will be in your vehicle a lot or if your business is transport based.
