by jqm | Sep 14, 2017 | Business Insurance, Business Insurance UK, Small Business Insurance, Small Business Insurance Quote
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As specialists in this sector, Just Quote Me asking the very simple question ‘What is business insurance?’ may seem a bit strange but it is a common query from new business owners. What’s more even some experienced owners aren’t entirely sure what it is and why they need it so here we’re looking more closely and fully answering the question: what is business insurance?
Business insurance protects companies against losses suffered in the day to day activities of their business. It is especially important should there be a compensation claim made against your company and it covers a range of different types of insurance usually.
Why do I need Business Insurance?
Most types of insurance are not compulsory. However, you need business insurance if you want your business to be protected against every day risks. It can cover everything from professional mistakes to accidents and theft and damage.
Also, some companies only work with others which have particular types of cover in place. If you want to secure bigger contracts and more clients, it is often prudent to ensure you’re insured. The only type of insurance which is a legal requirement is employers’ liability insurance. This is only the case if you have any staff at all.
However, you may also find that your industry regulatory body only accepts members with certain insurance covers too so investing in business insurance is a sensible move.
What type of Business Insurance Cover do I need?
As mentioned, if you have staff, it will be essential to have an employers’ liability policy in place. It is also common for most business insurance packages to include public liability insurance and also professional indemnity insurance. The latter is a particular good choice if your business deals with advice, client data or intellectual property.
At Just Quote Me we have worked with many businesses over the years. We work to ensure they have the level of cover they need at a price which is suitable for their business. If you would like to find out more and discuss your options, please call us today.
by jqm | Sep 10, 2017 | Business Insurance
Whether you have turned your home into a business or have invested in a B&B elsewhere, it is imperative you have the right B&B insurance to protect your guests and your business. Many people are choosing to open their homes to paying guests or invest in holiday business properties to earn a little extra income. Whether you are a first-time B&B owner or a veritable veteran, you need B&B insurance for the benefit of your business.
Specialised B&B Insurance
Wherever your business is based in the United Kingdom, you will need adequate B&B insurance. IN most instances, B&B insurance is a fairly specialised arrangement with your chosen insurer, with many specific clauses relating to your business and customised specifically to your business needs. Whether you let out a single room in your home or have a large B&B, there is an insurance package out there for your business and it can be found at a price to suit your budge. At Just Quote Me we have worked with many B&B owners to help secure the perfect level of cover for their business.
B&B Insurance Cover
The cover you arrange for your Bed and Breakfast may cover many different areas. It is illegal to operate without employer’s liability insurance if you employ a single person and you may also find it best to invest in public liability insurance to protect your business from the legal costs of compensation and to fight against claims made. B&B insurance may also incorporate more specialist elements such as:
- Loss of bookings cover
- Legal protection
- Cover for guests’ belongings
- Personal liability insurance
When you discuss your insurance needs with Just Quote Me one of our experienced professionals will help find the best provider and customised package for your business needs. We recognise every business has its own unique elements and work with you to find the insurance which works best and ensures the best value and level of cover.
by jqm | Jun 30, 2017 | Business Insurance
Pop up shops have been popping up everywhere over the last few years. But did you know that you still need pop up shop insurance? In fact, pop-up retail has taken the UK by storm over the last few years. Temporary shops have become a regular sight across the country. Worth around £2.3 billion, the UK’s pop-up industry accounts for about 0.76% of overall retail revenue. That’s according to a report by telecoms company, EE. And given the hikes in business rates now facing retailers, the number of pop up shops will likely grow.
Why open a pop up shop?
It’s impossible to miss the many empty shop fronts scattered along the UK’s high streets. Some of the largest retailers have shut up shop over recent years, leaving a number of empty lots behind. But this is where pop-up shops can be extremely beneficial. Pop up shops only require the shop owner to pay rent for a short period of time. They don’t need to worry about making a long-term investment or committing to a lease. Pop up shops allow you to either start out or boost your business. They can become a great marketing opportunity too and even becoming increasingly popular with some of the largest high street brands.
Starting your own pop up shop
A pop up shop provides a great opportunity to sell your items or services. You can also use it to test out new products and promote your brand. You can do all of this, without the cost and commitment of a permanent shop. However, make sure you think about these following points before you pop up your pop up shop.
- Design your pop up shop experience. Make your shop more than just a temporary place to sell your products.
- Find the right pop up space. You can search for pop up shop opportunities in your city by looking at websites like thestorefront.com. You’ll need to think about the size of the space you need and any specific facilities you require.
- Consider the logistics. You’ll need to think about how you will accept customer payments, get your products to the pop up shop. Also, give plenty of thought to how you want to set it up and who will run it.
- Get the right insurance cover. Before you open the doors of your pop up shop, make sure you have appropriate pop up shop insurance. Your pop up shop is just like any other shop on the high street. Therefore, you need the protection of pop up shop insurance, in case of an accident or damage to your property.
- Think about your budget. A clear budget for your pop up store is essential to understand whether it’s a worthwhile investment. Consider how much rent will cost you, staffing, the cost of designing the interior and marketing of the shop.
- Promote your pop up. There are a number of creative ways you can promote your pop up shop. From reaching out to local bloggers, contacting local reporters to organising a flash mob.
Pop up shop insurance
Pop up shops offer businesses an exciting, short term product driven, sales opportunity. However, they still need to follow the same regulations, just like any other business. And this includes full insurance cover. Just like insurance for traditional shops, pop up shop insurance covers you for:
- Employer’s liability.
- Public liability.
- Contents, fixtures and stock.
- Accidental damage.
- Business interruption.
- Loss of profits.
But don’t forget, if your pop up shop is a success and you want to transform it into a permanent fixture, then it’s important that you contact your insurer to change the details of your shop insurance as soon as possible.
by jqm | Jun 28, 2017 | Business Insurance, Office Insurance
Your office is the hub of your business and where all the important stuff happens. With this in mind investing in a good level of office insurance is vital for the successful business. Most office insurance policies have three key elements:
- Protection of your premises and equipment
- Protection of your staff and customers
- Financial support should their be a pause in trading
The level of cover you need in each area will depend on many different business factors and the overall cost too will be effected in this way. However, Just Quote Me can organise your office insurance from just £225 a year, giving you that extra level of protection and peace of mind for your business.
Office Insurance Cover
Office insurance cover may factor in many different elements but most policies will include:
Public Liability Insurance
For protection of your business and your customers. Public liability insurance cover loss, damage or injury to third parties in your office and in its immediate area such as private car parks etc.
Employers’ Liability Insurance
A compulsory requirement if you have a single employee. The legal minimum of employers’ liability insurance is £5m and ensures your business is prepared should an employee or ex-employee sue for compensation.
Office Buildings and Contents Insurance
If you own the building your office is in then you need buildings insurance to protect it. Office contents insurance is essential if you rent your offices unfurnished as it protects your equipment and other ‘contents’ essential to your business including shelving, desks, furniture etc. Unless you rent a furnished office then contents insurance should be a real consideration.
Business Interruption Insurance
If your office is damaged, ruined or becomes unusable, business interruption insurance will keep your rent paid as well as other overheads such as wages and expenses which still need to be paid despite the interruption of your business duties.
Just Quote Me can arrange office insurance for practically any business. As mentioned our prices are competitive and if you get in touch today we will quickly and efficiently help find the right solution for your business.
by jqm | Jun 26, 2017 | Public Liability Insurance
If your business has any contact with members of the public then investing in public liability insurance is a smart choice. This type of insurance protects your business if it is sued for injuries or damage. Almost every type of business will have some contact with the public so almost every type of business needs public liability insurance.
Are your Legally Required to have Public Liability Insurance?
Public liability insurance is not a legal requirement. However, many businesses recognise its value and have it protect them from the costs of compensation. What’s more, many business associations and groups will not accept members who do not have an appropriate level of public liability insurance. This can also be the case with contracts and you may find clients will only work with you if you have a good level of public liability insurance.
Public liability insurance is a good investment for businesses who:
- Have customers visiting their premises such as shops and restaurants
- Work on client sites such as tradesmen entering homes and business premises
- Work in public, such as in construction, where there is a risk to passers by
Public liability insurance is not something you have to have but could your business really handle the cost of a compensation claim? For many businesses, it would mean the end of operations and closure and the cost of insurance is very minimal when you consider this outcome.
Public Liability Insurance with Just Quote Me
Getting in contact with Just Quote Me is one way of ensuring you have a choice of public liability insurance options. Our team will work with you to find the best value and most appropriate quote for your business. The level of public liability insurance you require will depend on many factors and we can discuss your options with you before you need to make a decision. Contact us today to discuss your business and public liability requirements.
by jqm | Jun 23, 2017 | Business Insurance
The retail industry in the UK has taken a bit of a battering but there are still plenty of popular and bustling shops up and down local high streets. Running a shop is not the easiest job but it can be very rewarding and as a business owner in a difficult area it makes sense you want to do all you can to protect your business. Investing in the right shop insurance can help as you have additional protection should the worst happen. What’s more, one claim made against a smaller shop or struggling business can be enough to see them permanently closed. The cost of shop insurance seems minimal when you consider the closure of your entire business.
What Shop Insurance Cover Do I Need?
A good insurance package will provide you with a range of covers for different scenarios. With help from Just Quote Me you can arrange a bespoke shop insurance package covering those areas you most need protection. A typical shop insurance package may cover:
- Buildings and contents insurance
- Window and glass insurance
- Public liability insurance
- Employer’s liability insurance
- Loss of key cover
These are just a few possibilities however and dependent on the nature of your business there may be other types of insurance you want to explore. Different types of shop have different levels of risk and this is another consideration for your policy. If you sell dangerous and hazardous products then you should be ready for a higher premium than a shop which simply sells clothes, for example. There are also specific laws in place for shops which sell food and food safety insurance may also be necessary.
Your Shop Insurance with Just Quote Me
Just Quote Me can help you with your shop insurance whether you know exactly what you’re looking for or are unsure. Our professional team can make suggestions and offer guidance as well as provide a range of shop insurance quotes within your budget for you to choose from.
To discuss your retail business and insurance requirements contact us today.
by jqm | Jun 21, 2017 | Business Insurance
The fitness industry in the UK is booming. Year on year it grows and there are nearly 7000 individual fitness facilities in the UK. There are also over 9 million memberships. Working in the fitness industry can be fun and motivating but it is still business and needs to be treated as such. Gym and health club insurance is essential for a successful business and helps protect you should the worst happen on your premises or to your clients.
Protecting your Business and your Clients
Gyms are high risk environments. The risk of injury and accident when using equipment, free weights and more is obviously high. Your business needs to be ready for the worst. This means ensuring you have adequate gym and health club insurance in place should an accident occur and you be found negligible. Gym and health club insurance may also cover other important things such as professional indemnity and employer’s liability. Professional indemnity insurance is a sound investment if advice is key to your role and in fitness businesses, this is often the case. Employer’s liability insurance is an essential investment if you employ even a single person. The only kind of insurance which is a legal requirement, employer’s liability protects you should an employee or ex-employee make a claim due to accident or illness they blame on working for your business.
Gym and health club insurance is unique to each business. No two policies will be identical as all businesses have their own concerns and focuses.
Gym and Health Club Insurance with Just Quote Me
At Just Quote Me we work with many clients to find and invest in the right insurance package for their businesses. We work with fitness industry professionals regularly helping to secure the right gym and health club insurance for their businesses. We help you to secure the best possible gym and health club insurance for your business.
Call us today to discuss your insurance requirements.
by jqm | Jun 19, 2017 | Personal Insurance
Driving uninsured is one thing but it is equally important to ensure your caravan is insured before you attach it to the back of your car. Millions of Brits love a caravanning holiday. If you’re lucky enough to own your own then the summer season is bound to be your favourite. Making the most of your holiday is easier if you make sure you’re fully prepared and this includes ensuring you have appropriate caravan insurance in place.
Is there a law relating to Caravan Insurance?
Motorhomes which your drive along are classed as self-propelling vehicles and so must definitely be insured. They need a minimum of third-party vehicle insurance. A towed caravan is a different matter but it is still highly recommended for your safety that you have a good level of caravan insurance. Your caravan is a significant investment, imagine trying to deal with the costs if it is damaged or stolen. The cost of caravan insurance is more than worthwhile in these situations.
Your car insurance will only cover towing of a small trailer usually so it is unlikely to be enough to cover your caravan. Of course, before investing in caravan insurance you can ring your vehicle insurer to be safe.
Arranging Specialist Caravan Insurance
At Just Quote Me we can help ensure you get the right level of caravan insurance. Specialist caravan insurance takes into account many different factors and may cover many different things including:
- New for old replacement cover
- European travel cover
- Loss of use cover
- Accident damage cover
- Theft
- Legal expenses cover
This is just an example of what may be available but it will vary from case to case.
If you want to discuss your caravan insurance and get ready before you head out on the road, please contact us today.
by jqm | Jun 16, 2017 | Business Insurance, Pub Insurance
The weather is finally getting warmer. This means your customers will want to get out in your beer garden to enjoy their drinks al fresco. But combining alcohol with heat, pint glasses and gazebos can create certain problems. However, just by taking some preventative measures, you can ensure your pub garden remains a safe place for your customers to enjoy.
Check the condition of garden furniture
Last year’s garden furniture might have looked great then, but it can have to endure a lot in a year. Bad weather and general wear and tear will affect the condition of your furniture. Check over all the furniture and make sure it’s in good enough condition. If you have smoking shelters, then check they survived too. In fact, over the winter, storm damage to smoking shelters can often be the most common claims insurers receive. You should also check all the umbrellas still remain firmly stuck into the ground and that decking and patio isn’t slippery after rain.
New activities, services or equipment
If you want to introduce some new activities this year, consider what implications these could have on your existing insurance. Even something as simple as a temporary bouncy castle or a BBQ. So, check your current policy or contact your insurer to make sure you have the right cover.
Switch to plastic cups
Ideally, pubs should aim to collect in all glasses, pint pots and tumblers after dark. This will help reduce theft and keep your customers safe. Alcohol makes people dehydrated a lot quicker when the weather is hot. So, you need to keep an eye out for those customers who are getting very drunk. The easiest way to minimise the risk of broken glass is by removing it altogether. Switching to plastic cups will be much safer for everyone. You will find that some customers won’t be happy about it though. So you’ll need to explain that you are just considering their safety.
Take on extra staff
If you are planning to hold events during the summer, you might want to consider employing extra staff on site. With potential underage drinking, drunken arguments and other antisocial activities regulated, your bar staff can concentrate on their job. If you’re a small establishment, make sure at least one member of staff regularly walks around the premises to check on things.
Always know who is buying from the bar
When the bar becomes exceptionally busy, it can become difficult to control who is at the receiving end of a round. This can be particularly true when parties have hidden themselves away at the back of the beer garden. Therefore, always operate the Challenge 25 or Challenge 21 rule. Ask the person buying the round who they drinks are for. Never worry about asking these questions. It’s your job and license on the line after all.
Know the law
You can’t expect to remain claim-free if you don’t follow rules outlined in your licence or within UK law. Avoid extended drinking hours if you don’t have the appropriate licence. Also, try to reduce the noise after 11pm if your pub is in a residential area. If someone submits a claim, things will become more difficult for you if you are already breaking the law.
Choose the right pub insurance
Choosing the right insurance package to suit your pub is essential. Business insurance is a legal requirement for all pub owners, but cover requirements will vary. You should make sure you have insurance for:
- Public liability in case someone becomes injured or property becomes damaged due to negligence on your part. Both of which become more likely when people have been drinking a lot of alcohol.
- Employer cover. This will protect you in case your employees become injured or ill as a result of working for you.
- Protection from theft and accidental damage.
- Business interruption in the event of losing your liquor licence or if the pub becomes flooded.
- The pubs convents, which includes all fixtures and fittings.
by jqm | Jun 8, 2017 | Business Insurance, Commercial Insurance
Hoteliers are hoping that 2017 will become a record year for the UK hotel industry. Hospitality experts predict that the UK will see an increase in both international and domestic visitors holidaying in the UK. In fact, 63% of international tourists say they are now more inclined to holiday here, compared to last year. That’s according to a recent survey by Barclays. Meanwhile, 31% said the weaker pound was their reason behind choosing a UK holiday. But perhaps the more surprising reason for coming to the UK came from a fifth of respondents. They revealed that watching TV programmes about the British Royal Family influenced their choice of holiday destination.
Staycations boosting UK hotel industry
And it’s not just foreign visitors choosing the UK for their next holiday. The UK staycation has never been so popular. Almost a third of British holidaymakers expect to stay in the country for their holiday, with many believing they get more holiday for their money that way. Around 7.3 million Brits chose to holiday in England in early 2016, a 10% rise on the year before, says Visit England.
Looking ahead
Despite a slump at the end of 2016, the outlook for 2017 looks far more optimistic. The number of overseas tourists is expected to rise over 4% in the next year, according to VisitBritain. Meanwhile, inbound tourist spending will likely see an 8% boost. And while good news, hotels must quickly adapt to the rapidly changing marketplace. Over the next year, hotels will need to utilise tactical deals and offers to attract price-savvy travellers. Promoting key features like amenities, quality service and room service will also become more important than ever before. And as we start to gradually realise the true impact of Brexit, hoteliers will need to maximize their revenue from every booking they make.
Hotel insurance
If hotels in the UK are going to be enjoying a boost in trade this year, then it’s even more important to make sure you have the right insurance cover. Your insurance package should be tailored to suit your business needs, while also including:
- Buildings and contents.
- Public liability.
- Employer’s liability.
- Business Interruption.
- Legal Expenses.
So whatever might be ahead for UK hospitality, at least you will have peace of mind that you are prepared for the unexpected. After all, to secure the future of your business, you need to start protecting it today.
