In recent years there have been plenty of businesses and entire industries that have suffered as a result of the tough economic circumstances. Business insurance expert, The Business Octopus, is now urging firms to protect themselves by taking out office insurance and making sure there are no more unpleasant surprises.

The Business Octopus provides companies with a wide range of insurance services and operates across a large number of industries, offering everything from teacher and tutor insurance to retail, restaurant, bar and pub, and landlords insurance.

Taking out appropriate cover and having a safety net in the form of a business insurance policy can prevent businesses from losing money through accidents, damage and indemnity-related issues.

Speaking for The Business Octopus, Patrick Herdman said: “The rise in VAT and other cutbacks have hit many businesses hard and this is why as we strongly believe that all companies should have some form of insurance coverage, to prevent them having to shell out even more this year.

“Some industries may seem to be relatively risk-free, but incidents such as theft and disasters like flooding, can happen anywhere at any time. Making sure the company is protected and able to move on quickly from this kind of situation is something that should be on every business’ agenda”

‘Should your firm be giving advice in anyway, protecting yourself with a comprehensive professional indemnity insurance policy is important, with failure to do so leaving the company open to serious losses. Most industries and trades are covered by The Business Octopus and policies can be tailored to suit the company’s needs with a variety of bolt-ons to their standard business insurance policy.

Via EPR Network
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