Office Combined Policies
Often considered to be just a contents insurance for your office, plans are so much more sophisticated than this and provide invaluable benefit to your business. Policies are designed to provide a package of insurance cover for office based businesses as well as an office within an industrial or commercial building.
Typical risks covered include Buildings, Contents including IT Equipment, Business Interruption, Employees and Public Liability, Legal Expenses and other office risk exposures.
Professional indemnity insurance also called PI insurance protects your business against the costs of defending claims for compensation if your clients believe you have made a mistake on the advice you gave; any plans, designs or calculations you make or you accidentally infringe any third-party rights.
Many professionals cannot be in business without PI cover. Your clients will expect you to have it and many will insist on a level of cover in order to do business with you. At Douglas Hope Financial Management we can help source the right PI cover for your business, help with your proposal and will be there to help and support you if ever there is a claim against you.
Key Person Protection
Key Person insurance provides a lump-sum should a major stakeholder in the business die or become critically ill. It is a very cost-effective insurance that can help with the cost associated with such a catastrophic event. The insurance has different benefits depending on the type of company. Further information is available here.
Personal Accident Insurance
Personal accident insurance provides a lump sum should an insured employee be injured, left permanently disabled or die through an accident at work. It can additionally provide an income payment whilst the employee is unable to work through their injuries.
Directors’ & Officers’ Liability Insurance
Directors’ and officers’ liability insurance (often called D&O for short) is an insurance to cover claims including legal costs to directors and officers against legal action brought for alleged wrongful acts in their capacity as directors and officers. Plans can also cover the costs arising out of criminal and regulatory investigations.
HR & Employer Advice Service
This can either be a dedicated policy or an add-on to an existing office combined insurance. It provides a dedicated help-line to companies relating to any queries to do with Employees, HR and Health & Safety. These services include access to template letters, contracts and policies to help ensure you are compliant and up to date with all regulations relating to employees.
All businesses increasingly rely on email and the internet. Your website and email brings new risks that could damage your business. Cyber insurance protects your business against many of the cyber-related dangers such as damage caused by viruses, hackers and electronic ID theft. Cyber insurance is particularly relevant to firms who need to provide access for clients to confidential information over the web.