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Business Insurance: What You Need to Know

Starting a business is an exciting time, but it’s also important to be prepared for the unexpected. That’s where business insurance comes in. Business insurance can protect your business from a variety of risks, including property damage, liability claims, and employee injuries.

Ravenhall Risk Solutions has been taking care of the needs of businesses for over 17 years. The wealth of knowledge and experience that our team can offer, could save your business time and money in the long run. With offices in Leeds, Belfast and Luton, the Ravenhall team can support your business, wherever you’re based in the UK. Within this article, we hope to break down the different types of insurance and help you to understand how to get the most out of your policy, and your broker.

Business insurance

There are many different types of business insurance policies, so it’s important to choose the ones that is right for your business. Some industry sectors carry more risk than others, so it’s our job to understand the risks you face and ensure you’re appropriately insured. Ravenhall provide cover for a wide range of business types, including –

Our team of experience insurance professionals can create a completely bespoke solution for your business. So, if you’re not sure what type of business insurance you need, rest assured, we have you covered.

 

Types of insurance

As a Chartered Insurance Broker, we’ve pledged to offer our customers the most comprehensive, accurate solutions we can get for you from our markets. That’s why we offer so many types of insurance policy. Ravenhall can arrange –

Protecting the company’s directors and officers against financial losses arising from their responsibilities, which could put their personal assets at risk.

All businesses that use IT are vulnerable to cyber attack and breaches to their network security, so it’s important to ensure your firm is suitably insured for the costs should you become a victim.

Including Employers’, Public and Products Liability, these cover businesses against claims arising from their employees or operations. This is essential for businesses of all sizes, to protect them from financial losses they are legally liable to pay.

Comprehensive cover for any personal needs, from houses to holidays.

Covers the insurance needs of UAV operators, from property damage to business interruption cover.

Supporting equestrian businesses with all kinds of rural business insurance policies.

 

Specialist Rural insurance

Ravenhall Risk Solutions identified a gap in the way that rural businesses, including riding schools, livery yards and equestrian properties are supported by their insurance provider. Our specialist Rural team are here to support rural businesses with equestrian business liability, business property, equestrian motor insurance and horse and rider with specialist cover. Our rural policies are tailor made to suit the needs of these businesses, as opposed to making adaptions to a property or farm insurance, thereby ensuring appropriate insurance protection for horses and horse related businesses.

Choosing the right broker

Purchasing an insurance policy for your business is an important investment for any business owner, that’s why you need to be certain you have the right deal for you. Ravenhall Risk Solutions is a Chartered Insurance Broker, which means that our team have agreed to a code of ethics when it comes to the way we do business. To find out more about our Chartered status, and what this means, visit our blog.

It’s important to understand how a broker will work with your business. Ask for quotes and compare different policies before you make a decision. With the right advice and policy coverage, you can prevent being underinsured and get value for money with a company that’s right for you.

There are many things to consider when purchasing your policy, but your contact at Ravenhall Risk Solutions will help with the following:

By considering these factors, our team will recommend appropriate business insurance for your needs and enable you to protect your business from financial losses. Ravenhall act as your in-house insurance department, working with your business to understand your organisation’s needs, and helping you deal with all insurance related issues.

 

Our pledge as a Chartered Broker

As a Chartered Insurance Broker, Ravenhall has pledged to always act in the best interest of the customer, which means we will always do our best to provide you with a service of the highest standard and ethics. If you’re a business owner looking to find the right cover for your business, our helpful and knowledgeable team are the perfect partners to help your business be as safe as possible. We’re committed to providing client service to an impeccable standard and ensuring you have the right policy for your business.

Contact our team on 0345 216 3000.