Commercial Combined Insurance
Compare combined business insurance quotes from the wholesale market
Get indemnity™ commercial combined
Get indemnity™ commercial combined
What is commercial combined insurance?
Commercial combined insurance, otherwise known as business combined insurance, is a modern and comprehensive policy with a variety of covers that can be tailored to the requirements of a wide range of business activities.
In a complex and modern world your business requires protection from a wide range of potential threats. Business combined insurance is designed to provide a wide range of property and liability insurance covers under a single policy.
Each business is different and while commercial combined is a standard product, it provides the flexibility to be tailored to your individual requirements. Below we explain which industries typically purchase and how it can protect your business.
Get indemnity™ commercial combined
At get indemnity™ commercial combined quotes start at £321 annually or £26.75 monthly. Below we provide some background and explain how combined business insurance can protect your commercial enterprise against a range of perils.
Choosing the correct business insurance can seem like a daunting task, however combined policies are designed to bundle different covers together so they can be added or removed depending upon your circumstances.
We work with a number of specialist commercial combined insurers to provide flexible cover to meet your needs. Either give one of our brokers a call on 0345 625 0711 or complete our digital onboarding process to obtain your quote.
Which industries should consider commercial combined insurance?
Any industrial or commercial business will typically purchase commercial combined bcause it offers a cost-effective means to purchase a number of insurance covers under one combined policy.
Wholesalers
Any business or individual that sells goods in large quantities, typically at lower prices to retailers will need to consider a range of property and liability covers provided under a commercial insurance product.
Manufacturers
Any commercial enterprise that produces finished goods from materials by using various tools, equipment, and processes will need to consider property insurances and liability covers with a specific focus on product liability.
Warehouses
Any business or individual where raw materials or manufactured goods may be stored prior to their distribution for sale will need to consider insuring against the loss or damage to the goods, in addition to liability covers.
Factories
Any commercial enterprise that owns a building or group of buildings with facilities for the manufacture of goods will need to consider insuring those buildings, in addition to the potential liabilities and damage to the goods being produced.
Importers or Exporters
Any business or individual that brings goods into the UK from abroad for sale, or that sends goods another country for sale, will need to consider both property and liability insurances, in addition to cargo insurance.
Retailers
Any commercial enterprise that owns or manages a store or an online website that sells goods to the public will need to consider retail insurance which for all intensive purposes is the same as a commercial combined policy
The above are traditional buyers of commercial insurance, however some insurers offer tailored policies to various different sectors to accommodate their specific requirements.
How do insurers calculate your commercial combined insurance cost?
Each insurer has different rates for calculating each of the commercial combined covers available. It is worth undertaking a benchmarking exercise to measure whether you achieve value for money.
Your turnover, % split from different territories, number of employees and wage roll, in addition to the goods you are working with will be insurers most important considerations when calculating your commercial combined insurance cost.
At get indemnity™ commercial combined quotes can start at £321 annually or £26.75 monthly, however the cost will depend upon our specific business attributes. Complete our digital onboaring process to obtain your quotes.
Commercial combined insurance definition
Commercial combined insurance can offer a variety of covers under the one product. Which covers you decide to purchase under will depend on a number of factors, including your activities, size, location, contents, machinery and risk appetite.
It's worth noting that commercial combined insurance definitions, insuring clauses exclusions will vary, so it's worth considering the terms and features with an experienced insurance broker to consider what cover best meets your demands and needs.
Even companies operating in the same sector are likely to have different business models, processes, machinery, staff numbers. Therefore, the cover you purchase should reflect your requirements.
Property Damage Insurance
Property damage insurance, otherwise known as material damage, will protect your company's buildings and contents (including options for stock and computer equipment) against loss or damage from a range of insured perils. Examples of such perils include fire, theft, accidental damage, storm, flood, escape of water, impact, explosion and riot.
Business Interruption Insurance
Business interruption insurance will protect against the loss of income from being unable to trade as a result of an insured event (i.e. property damage). The insurance will cover the consequential loss of the interruption to trade by indemnifying the policyholder for the loss of income as a result of the insured peril.
Specified All Risks Insurance
Specified all risks insurance will protect specific company items against defined perils (i.e. accidental damage and theft). These items will be specified on the schedule of the commercial combined policy and will be covered up to a sum insured value.
Public Liability Insurance
Public liability insurance will protect your company against claims arising from injury or property damage of persons other than your employees (i.e. customers, suppliers, contractors or third persons) in the course of your business.
Employers Liability Insurance
Employers liability insurance will protect your company against claims arising from injury or illness of your employees. All companies have a legal duty to protect the safety of their employees at work. It is one of the few types of business insurance which is compulsory under UK law.
Product Liability Insurance
Product liability insurance will protect your company against claims arising from injury or property damage as a result of a fault with a product you have provided. Purchased by businesses which design, manufacture or supply products to their customers.
Personal Accident Insurance
Personal accident insurance will in the event of an accidental bodily injury to any insured person, provide financial support as defined in the shedule. Benefits will be payable for death or disablement and related medical expenses.
Equipment Breakdown Insurance
Equipment breakdown insurance will in the event of machinery and plant, owned or leased by the policyholder, suffers damage during the course of business.
Legal Expenses Insurance
Legal expenses insurance will assist your company with expert legal advice through a telephone legal advice service. In the event of a claim, the insurance can provide legal representation or unforeseen legal costs in a range of circumstances, typically relating to your property, employment, or contract disputes.
Engineering Inspection Insurance
Engineering inspection insurance will offer a periodic inspection of machinery, appliances and equipment stated in the commercial combined policy schedule. In addition to offering a written report to meet the legal statutory regulations, if required.
Money Insurance
Money insurance will protect against accidental loss, destruction or damage to money and non-negotiable instruments in a variety of defined situations. The insurance will indemnify the policyholder for such loss.
Stock in Transit Insurance
Stock in transit insurance will protect against damage to property (i.e. merchandise, goods and tools) in transit by vehicles owned by or operated by you, or the custody or control of a third-party carrier. The insurance will cover the insured value of such property.
Deterioration of Stock Insurance
Deterioration of stock insurance will protect against damage to property, being stock in any cold chamber, by deterioration or putrefaction in consequence of an insured event. The insurance will cover the insured value of such property.
Loss of Licence Insurance
Loss of licence insurance will protect against the licence for the sale of excisable liquors being forfeited, suspended or withdrawn. The insurance can provide cover for loss of gross income, depreciation in the value of the premises and expenses.
Terrorism Insurance
Terrorism insurance will protect against loss from damage to property and potentially consequential loss resulting from acts of persons carrying out activities directed towards the overthrowing or influencing, by force or violence, of any government.
Should we tailor our business insurance under one combined policy?
Tailoring your cover under a commercial combined insurance policy is important because of the number of different options available. You don't want to be paying for covers you don't require, nor being underinsured against future claims.
With variations of cover and sub-limits available it is worth considering alternative quotes to benchmark whether you purchase the most appropriate commercial insurance at the most affordable cost.
If you would like to discuss your specific requirements, please contact us on 0345 625 0711 or arrange a call back and we'll be happy to investigate what solutions are best suited to meet your needs.
How to compare commercial combined insurance quotes?
Arrange a call back to discuss your requirements and we can identify no-obligation commercial combined insurance quotes from the wholesale market which will cover most if not all your requirements.
Upload your current policy schedule and this will provide us with a better understanding of the difference covers and properties you require insurance for. This will save on time in indentifying competitive quotes from the wholesale market.
As a specialist combined business insurance broker, we can identify a range of covers to met your requirements. Complete our digital on-boarding process to obtain your commercial quote.