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Exclusive Insurance Services provide insurance solutions tailored to the needs of your business regardless of its size or complexity. The business insurance products aim to provide protection to your business assets, profits and potential liabilities.
Business Insurance Products
FREQUENTLY ASKED QUESTIONS
In order to make a claim, please contact our claims team as soon as possible. We may ask you for additional information to assist with the claims’ process i.e. Date of Loss, Incident Photographs, Receipts or Proof of Purchase etc.
The premium is affected by a variety of factors including, the size and type of your business, cover required, your claims history and experience in the industry.
Any business, no matter how small encounters risks of varying degrees. At the very least it is strongly suggested that you ensure your staff, and place of business (property) is insured appropriately.
The best way to save money on business insurance is to find a solution relevant to your needs. By using a broker to negotiate terms and policies to find a solution to suit you, you avoid paying for irrelevant cover that doesn’t apply to you, and only pay for what you need.
You risk losing your business, your livelihood, your employees and much more. Insurance of any kind is an opportunity to prepare yourself for risks. No one knows when or if these risks will occur for you, but by being prepared you can tackle them appropriately and still run your business successfully afterwards if they do.
Technically, by working as a freelancer, you are in business for yourself. Just because you don’t have staff etc. doesn’t mean you’re not a functioning business, but your clients are technically your customers. This means you are still open to certain risks that could affect you and your business. By identifying unique risks relevant to you, you can secure accurate insurance cover for your business.
Generally independent contractors are not included in business insurance unless specified and agreed upon. When hiring an independent contractor it is safest to check if the hold their own general liability insurance, otherwise you could end up paying for their mistakes.
This depends on the type of work you do and the risks involved. Regardless of the industry, most business owners underestimate how much a lawsuit can cost a business, even if it goes in your favour.
Most business insurances are renewed on a yearly basis, this is a great opportunity to alter or add in additional cover as your business grows and develops.
An example of information required from you to complete an application include; information about your industry, what services your business provides, your annual revenue for the last few years, projected annual revenue and more.