Britton Insurance provides a wide range of business insurance products to suit your specific requirements. Depending on the size and type of business you are engaged in, we can recommend the right business insurance plans for you.
Whether you need help choosing the right type of business insurance or have some questions, we aim to answer some of the most frequently asked questions about business insurance in Ireland here.
What Does Employers Liability Insurance Cover?
Employers liability insurance covers you in relation to your employees whether these be full time or casual which includes any trades where you hire tradesmen to work within your premises. If you enter into a contract of employment whether written or verbal you become legally liable to them employees for death/injury/illness and/or damages, costs and expenses that occur during the course of their employment with you. The indemnity limit is typically set at €13m but you can consider increasing this with a customised policy.
What Exactly is Business Interruption Insurance?
Business interruption insurance offers protection when you suffer a financial loss or disruption to your business resulting from an insured damage claim. It also covers your loss of gross revenue or gross profit.
It can even cover additional expenses, cost of alternative accommodation or loss of rent. For instance, if you are moving premises temporarily to keep your business operational.
You can avail of optional extensions to suit your specific requirements such as loss of public utilities, denial of access, customer premises extension, notifiable diseases, etc.
Business Interruption may not be as standard on all business policies so please check your quotes to ensure it is operational.
How Much Does Public Liability Insurance Cover For?
The limit could vary but it typically starts at €1.3m and upwards based on your requirements. Public liability insurance offers cover when you become legally liable to a member of the public for death/injury/illness, expenses, damages and/or damage to their property owing to an accident occurring during the period of insurance and is connected to your business.
The standard limit is generally €2.6million however if you are doing any work in conjunction with public or government bodies they require a minimum limit of €6.5m.
What Type of Property Does Landlord Insurance Cover?
Business Landlord insurance cover is suitable for a variety of different types of buildings, including commercial retail units, multi-use residential units and mixed residential units, as well as retail or commercial warehouses, restaurants, offices, pubs, cafes and takeaways.
It also covers properties that are unoccupied, vacant, for sale, under renovation and vacant purchase. Britton Insurance can also help procure landlord insurance for local authority as well as RAS let properties and even period construction properties.
Contractors & All Risks Insurance?
This type of policy for business insurance in Ireland offers ‘All Risks’ cover for you for contract work, plant and machinery, equipment and temporary buildings that you are legally responsible for usually when you are working on a specific construction contract.
The sum insured would be calculated based on the replacement cost and for contract works and building, the sum insured would include the cost of architect, debris removal and surveyors fees.