What is Commercial Combined Insurance?
Commercial combined insurance protects your business assets from a number of unforeseen losses including damage, theft, fire, natural disasters (such as floods and storms), and vandalism. This insurance provides cover for your buildings, machinery, business stock and equipment, and all other contents within the building premises.
Why would I need Commercial combined Insurance?
No matter what size your business maybe you need to protect your business from various risks and any other claims that might arise during the course of business. The purpose of commercial combined insurance is to integrate different types of business insurance into one policy that covers all the important areas of a business.
Commercial combined insurance generally includes buildings insurance, stock insurance, employers' liability insurance, public liability insurance and building contents insurance. Sometimes it can include professional indemnity insurance and product liability insurance as well. The exact cover will vary depending on the nature and size of your business.
Why Choose CRS Consultants for my Combined Business Insurance?
CRS Consultants have been offering Insurance solutions to its customers for the last 33 years and have thrived on its professionalism to make no task too small or too large and try to complete the process as smoothly and efficiently as possible. It is always advisable to consult a professional broker prior to opting for commercial combined insurance as different businesses require different elements of insurance cover and to make sure that you are provided with the maximum amount of cover and as not to limit important areas of cover.
What types of cover can I get for Commercial Combined Insurance?
Commercial Combined insurance is generally a mixture of material damage cover together with property and liability cover.
Almost all commercial combined insurance policies allow you to mix and match what elements of the combined risk you are looking for and make it easy to add or amend covers mid way through any policies to adjust to your changing business needs. This type of policy is suited to all sizes of companies. Prior to choosing a commercial combined insurance companies need to determine the element of risk their business is likely to face. This risk assessment may require a visit to the premises by an insurance professional and CRS Consultants will offer this service free of charge.
Elements to consider on a Commercial Combined basis are:-
• Public Liability cover.
• Employers Liability cover.
• All Risks Material cover.
• Property Damage cover
• Business Interruption cover
• Glass cover
• Goods in Transit cover
• Loss of Money.
Among the biggest risks are liability to third parties and the costs and damages arising from claims made against a company. Employers' liability insurance is mandatory according to law, therefore an essential element of any commercial combined insurance package if you have any employees. This insurance protects employees from all potential risks or accidents that may occur at the workplace. Public liability insurance is also essential as it protects a company against any claims made by any visiting public while on its business premises.
What optional covers can I obtain for my Commercial Combined Insurance?
Other areas of cover include Product Liability insurance which protects companies from any claims made due to any manufacturing defects in the company's products. Directors and Officers insurance (D&O) is also available in a commercial combined insurance policy where a company's directors can protect themselves against any liabilities arising during the course of the business. Commercial legal expenses and defence costs are also other options that you can obtain.
Companies that carry large stock will benefit when this type of insurance is combined so that it minimises losses due to deterioration or damage of stock. There are other commercial risks such as loss of trade licence or loss of rent. Purchasing the right commercial combined insurance may be a daunting task, especially when the risks are not straightforward. Therefore, it is advisable to seek the services of an insurance professional and so why not try CRS on 01606 48521 and speak to one of our experience consultants, email info@crs-consultant.com or complete our contact form here and one of our representatives will call you back.