Business Insurance Advice and Guidance
Our business insurance advice hub contains useful guides and resources on the different types of commercial insurance, as well as industry-specific resources, to help you navigate the various questions you might have regarding your business and its insurance needs.
Featured
Business underinsurance - the risks and how to avoid them
Underinsurance can occur in any area of insurance, whether personal or commercial. Here, we explore the risks of business underinsurance and what you should do to avoid the consequences.
Commercial insurance resources
What is credit insurance and how does it work?
Laurence Hill explains what credit insurance is and how it can protect your business against a range of risks.
What is in a standard Commercial Combined insurance policy?
Our guide covers the definition of commercial combined insurance, what is covered within these policies and the risks of not having cover in place.
What is directors and officers insurance?
We answer your key questions about directors and officers (D&O) insurance.
Group life insurance | Your questions answered
Group life insurance policies (also known as death in service) are provided by an employer for members of staff. Here, we look at how it works and how it can support existing employee financial wellbeing programmes.
Guide to intellectual property rights insurance
What is intellectual property and how can IP insurance help me protect my rights?
A beginner's guide to key person insurance
A guide to key person insurance, what it covers and how it can benefit your business.
Common mistakes when making a business insurance claim
Underinsurance is often just one of many factors that can lead to business insurance claims being delayed, partially paid or declined altogether. To help you minimise losses, we identify mistakes often made before and during the claims process.
Demystifying Protection Services
There are so many protection products and insurance policies available in the marketplace – but what do they all mean and which one is right for you?
Errors and omissions and professional indemnity
What is Professional Indemnity insurance?
Join us as we answer the question 'what is professional indemnity insurance?' and other frequently asked questions about PII cover.
The benefits of professional indemnity insurance with examples
The five main benefits of professional indemnity insurance, what businesses need PI cover, with examples of PI claims.
What is Errors and Omissions insurance?
What is errors and omissions insurance, what does it cover, and who needs it?
Business continuity
How to build a business continuity plan
A business continuity plan can enable your business to function if something goes wrong. Effective plans ensure minimal disruption to your core functions, helping you avoid potentially devastating consequences.
Everything you need to know about business disaster recovery planning
A disaster recovery plan is an increasingly essential tool for small businesses. Read our guide to creating a DR plan to make sure your business is equipped for any eventuality.
Seven steps to avoiding business interruption
Business interruption can seriously damage your business. Here we take a look at the steps businesses can take to minimise the risk of interruption.
Indemnity periods in business interruption insurance – what do you need to know?
What is a business interruption indemnity period and how do you calculate it? Read our step-by-step guide.
What is business interruption?
If your business is affected by unforeseen events, business interruption insurance can help cover potential losses and get your business back up and running; here’s how it works.
Industry specific resources
Insurance is vital regardless of the industry you operate in. However, some industries require specific types of cover due to their unique risks. Policies are created to address particular sectors, industries or job types such as therapists, teachers, or games developers. Our guides are aimed to help those that work in very specific industries.
Business practices and processes
11 ways to ensure your invoices are always paid on time
Late payments are not only bad for your business cash flow, but can also impact your wellbeing. Here are 11 top tips to ensure your invoices are always paid on time
Invoice Factoring vs Invoice Discounting: what type of invoice financing is right for your business?
What are the differences between invoice factoring and invoice discounting? Which is most suitable for your business? This article explains everything you need to know.
The importance of getting the right invoice payment terms
We cover some important invoice payment terms that help inform your clients when and how you expect to be paid.
What would you do if regulators turned up on your doorstep?
Even if your policies and procedures are looking good, don’t rest on your laurels - regulations can change. Is your business prepared for an unexpected visit from the auditor?
Five types of insurance your business needs when operating in foreign countries
When operating in foreign counties, it’s important to be aware of the risks involved and the kinds of commercial insurance you need to counter these. We take a look at five general policies that any business operating in foreign markets should consider.
Cyber risk resources
A small business guide to cyber attacks
All you need to know about cyber-attacks, along with how to prevent cybercrime and what to consider when choosing cyber liability insurance.
What is cyber insurance?
In todays connected world digital security should be high on the priority list. Here’s how cyber insurance can help keep you and your customers safe.
What is a DDoS attack?
Recent government research reveals that nearly half of UK businesses have suffered a cyberattack. But cybercrime takes many forms, including DDoS attacks. Here’s how they work and what you can do to protect your business.
Resources for the agriculture and farming industry
What is agricultural and horticultural credit insurance?
Credit insurance compensates businesses when customers default on payment or become insolvent. We explore how agricultural and horticultural credit insurance can safeguard your farm or food business from financial loss.
Farm risks, management and maintenance
Running a farm is a complex business that requires round-the-clock commitment. Our resources, guides, insights, and articles cover a range of farming topics connected to insurance and are aimed at helping you find the information you need, when you need it.
Farming and business
Top farm diversification ideas
Last year 68% of farms had chosen to diversify. We look at some the ways farmers are diversifying and the possible profits behind those ideas.
Guide to farm succession planning
The absence of succession planning can mean you’re unwittingly placing your farm business at financial risk. Here, we explore why farm succession planning is important and what you should consider when putting a plan together.
The risks and insurance you need to know about when setting up a farm shop
There are currently around 4,000 farm shops dotted around the country. Here, we take a look at the risks involved and the different types of insurance you’ll need.
Thinking about diversifying into holiday lets?
One of the most popular, and successful, forms of farm diversification is converting farm buildings into holiday accommodation. If you're thinking of joining over 60% of UK farmers who have done this, make sure you've got the right insurance in place.
Guide to the livestock market experience
Buying and selling animals at market is a key part of a livestock farmer’s work. Livestock auction markets take place regularly across the UK, and they are the place to go if you want to acquire or sell a wide range of animals. We look at the experience of going to a livestock market, and all you need to know about insuring livestock purchased.