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Not sure which type of insurance you need?
Our business insurance arranged by AXA offers you a flexible range of products that you can tailor to suit your business needs with specialist advisors to help you arrange cover.
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You'll get help with choosing the policy and options that will best protect your business.
Some business insurance terms explained
These terms may have different meanings to those set out below, depending on the particular insurance policy in which they are used. You should check the relevant policy wording for the definition and details of limits of liability and cover.
| Type of cover | What it typically covers | Why? | Notes |
|---|---|---|---|
| Buildings, contents, fixtures, fittings and stock | Business property, fixtures, fittings and stock | Protects against a range of incidents such as fire, theft, flood, storm, explosion and malicious damage | 'All risks' widens cover including any accidental damage cover or loss (unless specifically excluded) |
| Business interruption | Loss of income | If damage occurs to the insured property that stops you from trading | |
| Employers' liability | Your legal liability to pay damages | If an employee suffers injury, illness or disease because of work | Required by law if you have one or more employees |
| Goods in transit | Loss or damage to property or goods in transit | If you're transporting items in your own vehicle | |
| Legal expenses | Covers legal fees and court costs | If legal action is taken against your business | |
| Loss of money | Money held in connection with a business | Protects your business money whilst on the premises and when your money is in transit or in a bank night safe | |
| Product liability | Your legal liability to pay damages | As a result of a defective product | |
| Public liability | Your legal liability to pay damages to a third party | If others suffer injury, illness, disease, or loss or damage to their property as a result of your business activities | |
| Tools and equipment | Tools and equipment | Provides cover including any accidental damage or loss (unless specifically excluded) |