Hinson Hurst Insurance

Peace of Mind

Too often, Commercial Insurance is considered an “additional cost” instead of an investment. Look at it like your wingman, right there if you need it, giving you confidence and peace of mind.  

Grow that business. Close those deals. Get out there and make that money, knowing that Hinson Hurst Insurance has your back in times of need.

What Business Insurance do I Need?

There are many Small Business Insurance options available to you. Once you have done your homework, you will end up with a portfolio that includes a few products suited to your specific business. Some of them are nice to have; others are a legal requirement.


As a business in the UK, Employers Liability Insurance is required by law. There are other products that, while not mandatory by law, may be stipulated as a requirement when negotiating with contractors. Contractors who likely learned from experience and now know better!

WHAT BUSINESS INSURANCE PRODUCTS ARE AVAILABLE, AND DO I REALLY NEED THEM?​

Each Business Insurance product covers a specified list of uncertain future events. They are separated into individual products so you can mix and match and only pay for the products you need. That keeps your annual Business Insurance premium as low as is feasible.

Business Insurance product options include:

Deciding on insurance policies

If that list is daunting, relax! It is unlikely you will need all of those. While you can insure almost anything, they do need to be insured properly. Under-insured and the actual cost or loss will not be fully covered. Over-insured and you are paying too much on an inflated or unrealistic value.

You do need to know your obligations and to assess the risks your business could face.

Employers Liability Insurance

Employers Liability Insurance is top of the list because no matter how careful you are stuff happens, and protecting your staff is your top priority. It is also required by law.  

Employers Liability Insurance must cover you for a minimum of £5 million and come from an authorised insurer.  Hinson Hurst is an Independent Appointed Representative for Clegg Gifford Insurance, underwritten by Lloyds.  We are small, attentive and offer a personalised service with no buttons to push to get it! 

Your business will require cover for any legal liability following an injury to an employee that happens during, or in connection with, their service to you.  If, for example, an employee slips and hurts themself, your Employers Liability Insurance will cover you financially by paying the cost of the medical bills. That amount can vary considerably, depending on the severity of the injury.

 

An employee can claim against you in almost any situation in which they have been personally harmed. To protect yourself and your business, whether it includes manual labour or not, you must be insured against possible liability.

If you have a business in the UK and you employ staff, even one, you will need Employers Liability Insurance.

Who does not need Employers Liability Insurance?
Exceptions are most public organisations and sole traders who employ close family.  Accidents do not distinguish; because you do not have to protect your family, who work in your business, does not mean that you shouldn’t!

For more details, read or download the pdf here

If they are self-employed, use their own tools and work under their own direction, subcontractors are not considered employees and will not be covered by your Employers Liability Insurance. 

 

Part-time subcontractors, working under your direction on temporary contracts, or for specific tasks, are considered employees, even if only part-time or temporary.

Take precautions to manage the risk of harm to, and claims from, employees.   Ensure you are compliant with Health and Safety at Work regulations, that is the first essential step to reduce the chance of accidents, or exposure to harmful substances by using PPE and correct procedures. 

If you have already taken those steps, contact us for a quote to ensure you and your business are protected financially in the event of any expensive accidents.

Public Liability Insurance

Public Liability Insurance is there to cover any loss or damage to a third party, or their property, while on your premises. The cover will include off-site jobs, contracts and events organised by your company. 

Don’t make the mistake of assuming an insurance product covers all eventualities.  It may be necessary to purchase an add-on product to protect you against specific risks associated with your industry.  

Public Liability Insurance can also include Products Liability cover (if your business manufactures goods), Defective Workmanship (if your business repairs goods) or Goods in Transit (if your business produces or supplies food and beverages). There are numerous specialist add-on products available to cover nearly any eventuality. We encourage you to have a detailed discussion with us about your business. We can help you to select the correct products for your business.

If you are concerned about any product you currently have, or curious about a one you believe you may need, contact us, we are here to help.

There is no short answer. 

 

Public Liability Insurance is not a legal requirement in the UK.  Your potential clients, however, may require you to have one. If you work on local government contracts, for example, this insurance cover will be necessary.

 

If you come into contact with people, Public Liability Insurance should be in your insurance portfolio!   It will protect you, your staff, your customers, and the general public no matter what the venue, even a social event organised off-site for your employees or clients.

 

Always remember, insurance is there to protect you against the unpredictable; the things you hope will never happen. Yet sometimes they do, and the cost to your company can be crippling if you are sued for injury or damage.

Are you a self-employed contractor, working on different projects for different companies?  Do you travel to various locations, either to public land, private residences, or both? 

 

Unless you work solely on private residential properties, you will likely find you will not have a choice. If you want to secure the contracts, you will need to have your own Public Liability Insurance. They may even stipulate the minimum amount of cover you must have.  

 

Besides, as a contractor, you are responsible for your actions, whether accidental or through negligence, that results in property damage or personal injury. Without insurance, you are exposing yourself to substantial financial risk.    

Professional Indemnity Insurance

If you are a professional who advises in your area of expertise, as a business or an individual; whether you are an accountant, an architect or an IT geek, you need specialist cover against third-party claims. 

Professional Indemnity Insurance covers you for third-party claims made against you, as a result of your own negligence. 

 

Professional Indemnity Insurance is about understanding the risks involved in working as a professional. You need to take adequate steps to protect yourself against the consequences of those risks.

If you are a freelance contractor or provide a professional service or advice, then you should consider taking out Professional Indemnity Insurance.  As a professional, you need to cover yourself against legal costs and expenses incurred in your defence should you be accused of providing inadequate or incorrect advice, services or designs that result in your client losing money.

 

We understand that the world in which professionals operate is one of ever-increasing pressure. It is under that pressure that mistakes can be made, mistakes that lead to claims against you or your business.   In our ever-growing litigious society, coupled with greater pressure and demands, we see Professional Indemnity Insurance moving from an optional add-on to an imperative addition to many business insurance portfolios.

 

As no two businesses operate alike, our experts will structure a bespoke Professional Indemnity Insurance solution to suit the needs of your distinct profession. 

 

You can be assured our expertise covers all of yours.

Examples of professions that typically require Professional Indemnity Insurance:

Accountants

Architects 

Business consultants

Engineers

Financial advisors

Interior designers

IT consultants

Risk managers

Solicitors 

Surveyors

Town planners

Some educators

Some health care professionals 

 

Examples of businesses that regularly choose to take out Professional Indemnity Insurance:

 

Advertising agencies

Legal services

Consultants

Design services

Public relations agencies

Commercial Insurance

With so many Commercial Insurance products available, how do you know what you need? How do you even know the options available to you?

You don’t need to!  You can specialise in your business because we specialise in ours.  The knowledgeable team at Hinson Hurst will support you in having all the necessary cover for you to focus on growing your business. 

That’s right; we will give you all the options available for you to select all the products you need and only the products you need. 

With so many important decisions and choices that need quick decisions, small business owners have too little time to make that vital decision of who to trust with their Business Insurance.

 

 We think you want to know your options and to be clear on the small print if you are going to prosper in business.  After all, the devil is in the detail.

If you are a freelance contractor or provide a professional service or advice, then you should consider taking out

Whether you are insuring one item or your whole business, your Commercial Insurance policy is still a contract that is packed full of important information. It lists:

 

  • Your responsibility as the insured
  • The insurance provider’s responsibilities
  • Detailed information about the cover you are paying for 
  • Information about the excesses you will have to pay when claiming
  • Any exceptions or reasons why a claim may be refused
  • Security requirements that may be a provision for claims to be accepted
  • Information about timeframes within which claims must be made

 

Some things you can wing, others you cannot; and you cannot make mistakes with insurance!  Your policy is there to protect you and your business at a time when you can’t.

Professional Indemnity Insurance.  As a professional, you need to cover yourself against legal costs and expenses incurred in your defence should you be accused of providing inadequate or incorrect advice, services or designs that result in your client losing money.

 

We understand that the world in which professionals operate is one of ever-increasing pressure. It is under that pressure that mistakes can be made, mistakes that lead to claims against you or your business.   In our ever-growing litigious society, coupled with greater pressure and demands, we see Professional Indemnity Insurance moving from an optional add-on to an imperative addition to many business insurance portfolios.

 

As no two businesses operate alike, our experts will structure a bespoke Professional Indemnity Insurance solution to suit the needs of your distinct profession. 

 

You can be assured our expertise covers all of yours.

If you are not sure what insurance you need, or what your existing insurance covers, contact our insurance advisors.  Whether you prefer to email or phone, we are happy to hear from you.

 

  • By building a close partnership with Hinson Hurst Insurance, you will soon come to know about over-insured and duplicating cover, as sometimes occurs when working with different providers and agents.

 

  • Opting to work with Hinson Hurst Insurance means we help you manage and control your insurance costs, renewals, depreciated values - or values that increase with inflation - annual reviews and payments.  It can also simplify any queries you may have. We get to know you and your business, and you get to know us.
  • Combined policy insurance that provides a range of cover, such as Buildings Insurance, Employers Liability Insurance, and Business Interruption Insurance, is worth considering, and can be an affordable option.

Small steps that can reduce insurance costs and risks

Do you know that a regular checking and maintenance schedule for your equipment can reduce your insurance costs?  You can also ask your insurance advisor what areas of your business are ‘high risk’ that will increase the cost of your Business Insurance. 

Once you have equipped yourself with the knowledge of what your business’ risks are, and the options available to tackle those risks, let common sense be your guide!

Talk to us about your insurance needs and securing appropriate and adequate cover for your business, as every company has one critical difference. You.

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