Commercial Combined Insurance

This can be the most appropriate insurance policy when arranging business insurance that requires a wide range of risks to be covered, as cover is provided on multiple sections but under one policy.

There are a number of benefits to having cover under one policy, for a start it makes administration easier and there is only one renewal date each section of cover.

A Commercial Combined policy is suitable for a wide variety of trades, and cover on the policy can include Buildings & Business Contents more commonly known at Material Damage under an insurance policy. As well as Business Interruption cover, Money & Assault, Employers, Public & Products Liability, Legal Expenses amongst many more covers.

There are some covers that better served on more specialist policies, including Computer Insurance, Management Liability and Cyber Liability.

At Smiles Risks Solutions we will be able to guide you through the policy covers, to ensure you make an informed decision when selecting your cover.

Motor Fleet Insurance

We are able to arrange motor fleet insurance for a variety if sizes of business, from a fleet of 2 vehicles to a business with over 100 vehicles.

There are a wide range of motor fleet insurers, from ones that concentrate on cars and small vans, to insurers that can provide cover on larger commercial vehicles, minibuses, psv’s, trailers and special types vehicles.

Cover can be arranged on an any driver basis although there are discounted rates for smaller fleets were it is possible to restrict driving to named drivers.

At Smiles Risk Solutions we will be able to guide you through your best motor fleet options, to ensure you make an informed decision when selecting your fleet insurance.

Professional Indemnity Insurance

If you provide advice, designs or specification as part of your profession, and you make a professional error or omission causing someone else financial harm, then Professional Indemnity is a good way of protecting the business, if this situation arises.

Professional Indemnity cover in simple terms will help with the legal costs of defending the claim, as well as the compensation awards by the court, or as part of an out of court settlement.

With this in mind, Professional Indemnity should be considered for a wide variety of professions including with accountants, insurance brokers, solicitors, architects, it consultants, agents, engineers, business & marketing Consultants plus many more.

These types of policies are written on an claims made basis, meaning you can only claim with the policy you have at that moment in time, for example if you made a mistake in 2018 but the claim was only established in 2020, then your insurers in 2020 would deal with the claim, which makes it imperative you continue to renew your cover, have the correct retroactive date with no gaps in cover.

At Smiles Risk Solutions we would be happy to discuss your Professional Indemnity requirements and give you best advice to make an informed decision when selecting your policy cover.

Contractors Liability Insurance

Insurance cover for Contractors within the Construction Industry and Allied Trades can be provided under an combined policy called a Contractors Combined or if you just require Liability insurance then a Combined Liability policy may be for your business.

In addition to Employers Liability and Public Liability cover, there are certain other trade specific covers available on a Contracts policy including;

  • Contractors All Risks or Contract Works insurance, which covers the fixed and unfixed materials on site, stock and temporary site buildings.
  • Business Owned Plant
  • Hired In Plant (including continuing hire charges)
  • Business Owned & Employees Tools

Depending on the trade, you may also require Professional Indemnity cover.

If you are a builder or homeowner(who is having buildings work undertaken at your property), you may need to consider JCT 6.5.1 Non Negligent Liability policy, which can be arranged seperately.

At Smiles Risk Solutions, we will assess your individual business needs, in order that we give you enough guidance to make an informed decision.

Cyber Liability Insurance

Cyber attacks for British business, is now a major insurance consideration for its owners. Most business wouldn’t think twice about insuring their assets with some form of property insurance, but their still yet seems to be a universal realisation that you are statistically, more likely to suffer a cyber attack, than someone breaking into your premises.

Cyber insurance is NOT something that is automatically covered on a business policy or standard liability policy.

The reality is any business is at risk, some more so than others but the following factors that can enhance the likelihood of an attack on your business, and the need to purchase cyber insurance policy. :

  • You hold personal or sensitive customer details, including names, addresses and banking information
  • You use and are reliant on computer systems to conduct your business
  • You have a website
  • You have a payment card industry merchant services agreement.

At Smiles Risk Solutions, we would look to undertake a review and offer the appropriate insurance solution for your Cyber needs.

Pubs, Bars and Restaurants Insurance

As an operator of a licensed premises, you will need a trade specific policy. This cover tends to be provided on a package combined policy.

Sections of cover typically available to this type of business includes :-

  • Buildings (Including Glass)
  • Business Contents
  • Stock (Including Seasonal Increase Option)
  • Business Interruption
  • Money & Assault
  • Employers Liability
  • Public/Products Liability
  • Legal Expenses

At Smiles Risks Solutions, we understand that each business is unique and take the time to review your requirements, in order for you to make an informed decision about your cover.

Retailers Insurance

Whether you are an individual shop or cafe owner or have a portfolio of stores, we can arrange a comprehensive insurance programme to cover your insurance requirements.

Typically the following covers are available:-

  • Buildings (Including Glass)
  • Business Contents
  • Stock (Including Seasonal Increase Option)
  • Business Interruption
  • Money & Assault
  • Employers Liability
  • Public/Products Liability
  • Legal Expenses

At Smiles Risk Solutions, we understand each business is unique and we take the time to review your requirements, in order for you to make an informed decision about your cover.

Directors & Officers Liability Insurance

Cover for Directors and Officers liability, covers the individual directors or person in a position of authority in the business if they are sued personally for their actions within the business.

Cover can be provided as a stand alone cover, but is more commonly provided as part of a Management Liability policy that can also cover Employment Practices Liability and Corporate Legal Liability (Covering the business entity) amongst additional cover benefits.

A standard business policy generally will NOT indemnify individuals involved in the business, only the business itself, and then only if you have a relevant sections of cover within your business policy. Therefore its important you understand what legal protection you have in place.

If a third party suffers financial harm as a result of the actions of the company, they may try and sue the company and/or its directors to recover their losses.

In certain circumstances the director in question may be innocent of any wrongdoing but could still incur costs of defending the claim, making this type of insurance a very important consideration.

At Smiles Risk Solutions Ltd, we will discuss your legal protection options as part of our review process, in order to ensure your make an informed decision, when selecting the type of cover you require.