Industrial & Commercial Insurance Brokers | UK Business
We can accommodate a wide range of industrial and commercial enterprises that require risk transfer products
Commercial insurance brokerage
Industrial & commercial insurance includes a range of covers designed for manufacturing, wholesaling, warehousing and engineering risks
Commercial Insurance FAQs
- What is industrial & commercial insurance?
- Industrial & commercial insurance brokers guide
- Who should purchase industrial & commercial insurance?
- How can insurance assist with managing your risk?
- Why use a commercial insurance broker?
- How to obtain commercial insurance quotes?
Businesses are unique in nature and working with a specialist commercial insurance broker will ensure you purchase the most suitable protection. Below we take a look at potential risks and the commercial insurance available to protect your business.
What is industrial & commercial insurance?
Industrial & commercial insurance is specialist cover designed for businesses within industrial sector. The flexible policies can accommodate a wide range of industries.
As a digital insurance broker, we have the expertise and access to identify a range of commercial insurance policies for any UK company with less than £100m turnover.
Industrial & commercial insurance brokers guide
We have produced the below guide to identify different scenarios your enterprise maybe exposed and how commercial insurance can provide financial protection:
| What would happen if… | Commercial Insurance: | What the coverage does: |
|---|---|---|
| Your commercial premises, industrial machinery and stock were destroyed as a result of a fire. |
Protects your company’s buildings and contents against loss or damage from a range of insured perils. |
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Your business was unable to trade as a result of a flood. |
Protects against the loss of income from being unable to trade as a result damage from a range of insured perils. | |
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An employee is seriously injured at work as a result of using defective machinery can claims for compensation. |
Protects the company against legal costs incurred in defending the allegation; and damages from any award or settlement. | |
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A customer claims for compensation after falling and causing serious injury whilst visiting your commercial premises. |
Protects the company against legal costs incurred in defending the allegation; and damages from any award or settlement. | |
| A product you manufacture causes injury to a third party, and they claim for financial compensation. | Protects the company against legal costs incurred in defending the allegation; and damages from any award or settlement. | |
| Your manufacturing equipment has an unexpected breakdown. | In the event of machinery and plant, owned or leased, suffers damage. The insurance will provide financial support as defined in the policy schedule. | |
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You have statutory requirement that certain items of equipment and plant are inspected. |
Will offer a periodic inspection of machinery, appliances and equipment stated in the policy schedule. In addition to offering a written report to meet the legal statutory regulations, if required. | |
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You were making a delivery to a client and your merchandise was damaged on route. |
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. | |
|
An accidental bodily injury, such as a loss of limb occurs to one of your employees. |
Provides financial support as defined in the policy schedule. Benefits will be payable for death or disablement and related medical expenses. | |
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A cyber attack on your company’s electronic security manages to steal thousands of customer’s details. |
Protects the company against financial loss arising from security and privacy breaches. Can include first and third-party losses. | |
| A director is investigated and prosecuted by the Health and Safety Executive for failure to maintain adequate controls. | Protects the company against legal costs incurred in defending the allegation. | |
| An allegation of breach of contract is made against your company. | Protects insured persons against legal costs incurred in defending the allegation; and damages from any award or settlement. | |
| An employee claims unfair dismissal and workplace harassment after a workplace dispute. | Protects the company against legal costs incurred in defending the allegation; and damages from any award or settlement. | |
| You discover your finance director been stealing hundreds of thousands of pounds over the last several years. | Protects the company against financial loss from the theft of property, money or securities by an employee. | |
| A fraudster pretending to be a supplier reports their bank details have changed and payment is sent to the wrong account. | Protects the company against financial loss from the theft of property, money or securities as a result of social engineering. | |
| A customer requests financial compensation for a mistake in the offering of a professional service (i.e. engineering). | > Professional Indemnity |
Protects your company against legal costs incurred in defending the allegation; and damages from any award or settlement. |
| A haulage vehicle accident occurs with one of your drivers at fault. | Protects from an accident causing damage or injury. Comprehensive cover will provide for damage to your car, van or haulage vehicle. | |
| An employee becomes sick and is unable to work. | > Business Health Insurance | Protects the health of your employees if the unexpected occurs. Mixed levels of cover available according to budget and commercial needs. |
Who should purchase industrial & commercial insurance?
The below list is not exhaustive, however commercial insurance can be tailored to meet the needs of the following business activities:
How can insurance assist with managing your risk?
Typically, this sector will require commercial liability insurance to protect against compensation claims by employees and third persons. In addition to, commercial property damage insurance to protect buildings, stock and machinery against unforeseen events.
Specified all risks insurance may be required to cover parts, components, or even finished goods as they are transported between factories and warehouses. While stock in transit may also be required to cover goods as they are transported.
Why use a commercial insurance broker?
As specialist commercial insurance brokers, we have the knowledge and market access to approach wholesale insurers. Upload your current policies via our online application and we can identify any specific amendments designed for your business.
How to obtain commercial insurance quotes?
At get indemnity we have a range of products that are accessible via our online application. Commercial insurance quotes can be tailored and typically offered within 48 hours after submitting the required information.
There remains soft market conditions and reduction in premiums for commercial insurance policies. Increasing competition within the market means cover offered by insurers continues to expand with numerous extensions currently available.
This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.