Running a business is becoming increasingly complex compounded by extra regulation, advances in employment legislation, new laws and the growing compensation and blame culture. This has meant that traditional insurance recommended to you by your broker is unlikely to be sufficient to protect you against all claims that may be made against your business or you personally.

Carin Johnson, a Chartered Insurance Broker with 18 years experience in the UK Insurance Industry says, "When business was simple so was insurance, but now it is quite a job to keep abreast of all the new risks that you face".

"It used to be sufficient to protect yourself against employees who are injured or suffer illness at work and from claims from third parties as a result of their being injured or their property being damaged because of something you have or not done. However, there are now a large number of other areas where you can be sued. These risks can equally bring your business to it knees and perhaps more frighteningly can mean your own personal bankruptcy. A whole range of extra cover policies have been designed to cover these new risks and should be considered as part of your insurance portfolio. These include Directors and Officer Liability, Employment Practices, Internet and Email liability, Professional Indemnity and Commercial Legal Expenses."

The latter two are particularly relevant to property owners, landlords and investors in commercial properties or residential properties. Do you really want to put your entire property portfolio at risk by failing to grasp the latest legal requirements and assess their impact on your business?

Johnson, whose experience ranges from designing insurance programmes for FTSE companies to arranging cover for small limited companies and private clients, has helped her firm, Simmons Gainsford, compile two free reference guides for Property Owners to consider.

Click below for:
Insurance Considerations as a Property Owner (PDF)
Insurance Considerations for Commercial Property (PDF)

ABOUT SIMMONS GAINSFORD INSURANCE

Simmons Gainsford Insurance Solutions Ltd is an Insurance Broker and is authorised by the Financial Services Authority authorisation number A4002998. The FSA regulates sales, advisory and service standards to ensure that commercial insurance customers are treated fairly. It is an owner-managed business with no external affiliations or agencies. Simmons Gainsford acts as an independent intermediary dealing with products from a range of insurers for the classes of non-investment insurance. Click here for further information. Carin Johnson can be contacted on 020 7447 9000 or emailed on carin@simmonsgainsford.co.uk

Top