Public Liability Insurance
Public Liability insurance protects you and your business if your clients or members of the public suffer a personal injury or property damage as a result of your business. By taking out a Public Liability policy your business can also be safeguarded against potential legal expenses.
Despite the Isle of Man being a relatively safe haven, slips and trips are the most common form of accident within the work place, and they could result in an unexpected Public Liability claim; even when a business thinks it’s doing everything to protect its employees and customers, there is still a risk.
Employer’s Liability Insurance
Employer's Liability insurance covers the cost of compensation claims that arise from employee illness or injury, which occur as a direct result of the work they have completed for your business.
For any business, no matter the size or industry, your employees are your greatest assets. As their employer you not only have a moral, but also a legal obligation to protect them from injury or illness. By law, you must have at least £5 million of cover in place for your employees. If you’re self-employed it is also a legal requirement to have Employer's Liabiality insurance if you employ occasional staff.
Professional Indemnity Insurance
How would you protect your business if a client claimed there was a problem with the work you had completed, such as advice you’d given them or a service you’d offered? Professional Indemnity will cover the costs if you need to pay to correct a mistake made by your business or to settle a resulting claim. In addition, it may also cover legal costs. Examples of potential Professional Indemnity claims:
Negligence - Damage or injury caused by failure to use reasonable care in your service or product.
Intellectual property infringement - Including breaking copyright laws or plagiarising website content.
Defamation - Damaging the reputation of another person or business by making false or harmful claims.
Breach of confidence - Involving the sharing of confidential or sensitive information without the consent of the owner.
Commercial Combined
Tailored to meet the unique risks associated with your business, a Commercial Combined insurance policy offers comprehensive business cover through one single policy. This therefore offers a full range of cover that is commonly required by small businesses and industries like wholesales and engineering.
What is covered?
- Employer’s Liability
- Public Liability
- Product Liability
- Business Interruption
- Legal Expenses
- Goods in Transit
By assessing your business turnover with regards to your industry and location, Kestrel Commercial can offer a quote unique to the specialist cover required by your business.
Cyber Liability Insurance
Cyber Liability insurance is designed to support and protect your business if it experiences a data breach or your computer systems are attacked by a malicious hacker.
Your business would need a Cyber Liability insurance policy if you have a website or client relationship management (CRM) system, hold client data, must adhere to the Payment Card Industry (PCI) merchant services agreement and/or rely on computer systems daily to conduct business.
