BUSINESS PROTECTOR POLICY

THE ALL IN ONE INSURANCE POLICY

All business firms acknowledge they need insurance to protect their assets and their future earning capacity.

Whether the firm is a Doctor’s Surgery, or an Accountant’s practice or a Manufacturer the need for protection is ever present. The problem has been selecting between the different insurances to arrange. There is a risk of overlooking one of the essential policies.

NIC has now designed the Business Protector to make it so much easier for all business to select the covers that are right for them and have them all in one combined document.

THE DIFFERENT CLASSES OF INSURANCE

By completing just one from of proposal you can select any or several of the following forms of insurance covers:

1. FIRE

Insurance cover against fire plus accidental risk such as Storm, Tempests, Burst Pipes, Aircraft, Explosion, Theft and damage by malicious persons.

2. BUSINESS INTERRUPTION

To protect the profit you would have continued to earn had the business not been interrupted by an of the perils mentioned in (1) above. In addition this cover extends to reimburse you for the extra expenses incurred in getting the business back to normal

3. LEGAL LIABILITIES

To take care of those expensive claims made upon the business when it is legally responsible for causing injury or damage. This section can be extended to include liability arising out of the sale of products and workmen’s compensation.

4. MONEY

Insurance makes good those losses you suffer when cash is stolen while in transit to and from your bank and whilst on your premises. It can also extend to provide a payment for a any person who is entrusted with our money such as your cashier, if injured through robbery.

5. GOODS IN TRANSIT

Will see you are properly compensated in the event that your products are lost or damaged whilst in transit due to an accident to carrying vehicle.

6. ALL RISKS

Is the widest cover available. Understandably it is relatively expensive and usually brought only for specially valuable goods such as jewellery, computer hard soft ware, trophies and photocopies etc.

7. PERSONAL ACCIDENT

Everyone who works for a business is likely to have accident that can result in death or time away from work to recover. Insurance can provide a cash payment to compensate for the financial loss to both the employer and the employee. It is usual to insure all staff but it is possible to cover only selected “Key personnel”.

SUMMARY

These notes are intended to give you only a brief outline of the very wide range of insurance offered and they must be read in conjunction with the full policy wording, a copy of which is available for inspection at any NIC branch offices.

NEXT MOVE

To obtain details of the cover that can be offered to your business at competitive premium, just enquire at any of our branches or at one of man experienced agencies.

Remember if you select to insure under at least three section (Section 1 being compulsory) you will be able to knock off your total annual premium payable by 10% which is a discount which really counts.