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business insurance
checklist

Match your Business Risk to the Commercial Insurance :

Carvel Insurance Brokers has produced a 20 point Business Insurance Checklist so that your business may consider the most common types of business risk and corresponding commercial insurance that is available.

Each type of business insurance policy is listed with a

‘Business Risk Action’. The three ratings below are intended as an indication of how the policy should be considered.

  

  Compulsory

 

  Recommended

 

  Optional


This business insurance checklist is intended as a guide. Before making any decisions please consult with a qualified insurance professional about your business risk.

The business has Directors and/or Officers

 

  Directors and Officers Liability Insurance

  Business Risk Action – Optional

Members of the public could be affected by your business activity

 

  Public Liability Insurance

  Business Risk Action - Recommended

The business is involved in the transport of goods and/or products

 

  Goods in Transit Insurance

  Business Risk Action - Recommended

Employees travel outside UK in the course of their work

 

  Employee Business Travel Insurance

  Business Risk Action - Recommended

The business owns or manages property that is rented or stands vacant

 

  Property Investors Insurance

  Business Risk Action - Recommended

The business provides professional advice or design advice

 

  Professional Indemnity Insurance

  Business Risk Action – Recommended

The business is an Architects, Independent Financial Advisors, Engineers, Brokers or Accountants

 

  Professional Indemnity Insurance

  Business Risk Action – Compulsory

Theft or dishonesty by employees is a concern

 

  Fidelity Guarantee Insurance / Employee Dishonesty Insurance

  Business Risk Action – Optional

The business depends on operation of CAD computers and/or machinery

 

  Engineering Insurance

  Business Risk Action – Recommended

Business disruption by fire, flood or denial of access to premises is a concern

 

  Business Interruption Insurance

  Business Risk Action – Recommended

The business operates vehicles on public roads or requires staff to use their own vehicles

 

  Third Party Motor Business Insurance 

  Business Risk Action – Compulsory

 

  Comprehensive Motor Business Insurance

  Business Risk Action – Optional

The business relies on certain people to maintain the operation of the business

 

  Key Person Insurance

  Business Risk Action – Optional

The business would be significantly affected in the event of a bad debt

 

  Trade Credit Insurance

  Business Risk Action – Optional

The business regularly disposes of waste and/or chemicals

 

  Pollution Risk Insurance

  Business Risk Action – Optional

The business occupies a premises with large glass areas or displays significant signage

 

  Plate Glass Insurance / Sign Insurance

  Business Risk Action – Optional

The business handles cash, cheques or valuable documents

 

  Money Insurance

  Business Risk Action – Optional

The effect on the business of legal action is of particular concern

 

  Legal Expenses Insurance

  Business Risk Action – Optional

Please Note:- This Business Insurance Checklist is intended as a guide.

Before business risk decisions are made, consult with a qualified insurance professional.

  Carvel Insurance Brokers Limited ~ 1 Poultry ~ London ~ EC2R 8JR

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