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Business Insurance (Property Insurance (What is being insured against?…
Business Insurance
Property Insurance
What is being insured against?
damage or loss to buildings, contents and stock caused by insured events and accidental damage
What is covered?
damage to or loss or theft of
contents
fixtures
fittings
glass windows
signs
showcases
What isn't covered?
May not cover
water damage
floods
tsunamis
drain backups
mold
earthquakes
nuclear events
acts of war
terrorism
insurrections
Professional Indemnity Insurance
What is being insured against?
legal action taken against you if someone suffers a loss after following your professional advice or as a result of your receiving your service
What is covered?
legal costs and expenses that might be incurred as a result of a legal case being made against a professional for their mistake
negligence
errors and omissions
breach of duty and civil liability
contractual liabilities which are not the result of negligence
business interruption
legal cost incurred from being sued
many policy types will also offer protection for
defamation
loss of paperwork
dishonest conduct of employees
unintentional breach of confidence
potential infringement of intellectual property rights or copyright
indemnities against previous firms or former business partners