Many people believe that if they take out one type of insurance for their business, it will cover them wherever and whenever they want. Sadly, this is not often true and a great many people have suffered as a result of thinking this, including one recent incident where a farmer lost every one of his animals in a road accident when he was transporting them between fields. His sheep were insured in both fields but not on the 5 mile stretch of road between the two.The list of similar incidences is unfortunately a very long one. Here are 3 of the main places you need to get covered
Home business insurance. If your home overlaps with your work in almost any way, you will need to ensure that it is included in your protection. There are a great many people with the belief that their basic home insurance provider will protect them from any businesses loses they might incur whilst at home, which is not often the case. Many people take expensive computers, stock and important files home with them. The company that provide your business insurance may close the door on you if any of these things get damaged and you’ve not got the right cover
Office insurance. Most people have the good judgment to insure their office as this is classically where most work takes place. What a lot of business owners are not so good at though is making sure the insurance stays in line with the size of the business. People start off with quite basic insurance and even though the number of people working their doubles or triples and there is a great deal more equipment about, they fail to tell the insurance company.
Road. As mentioned earlier, getting insurance to cover you when you are on the road is vital. Your vehicle insurance, even if you have tradesman insurance, may not cover you for business losses so make sure you let your insurer know if you will be in your vehicle a lot or if your business is transport based.
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