Package insurance policies are designed as an “off the shelf” solution for many straight forward risks including offices, surgeries, retailers, restaurants, public houses, some manufacturers and wholesalers etc.
They provide a package of pre-selected covers for a single premium.
The main elements of the cover are:
Cover against loss or damage to buildings, contents and stock.
Optional extras include insurance for retailers to cover the deterioration of frozen or chilled goods due to power interruption, and insurance to cover doctors’ equipment and drugs, even when working away from the practice.
If your premises or its contents are damaged, you will be covered for loss of income and/or increased costs until things get back to normal.
Money and Book Debts
This insurance is particularly important if you take in large sums of cash or carry cash on your person to the bank/home. It also provides vital protection by covering the cost of reproducing accounts records and chasing debtors if your business records are lost or damaged.
Liabilities - Employers, Public, Product
This element of cover provides protection against claims made against you for damage or injury that you are legally held accountable for.
Remember - Employers’ Liability is a legal requirement for those companies employing any staff.