Running a business comes with its own set of risks. It is for that reason that having the correct business insurance is so important. The type of insurance cover for your business depends on the type of business you have. Every business is different, and it is crucial for you to understand and evaluate the risks associated with your business.

Here are some business insurance features that you should consider including when taking out business insurance Ireland.

Property Insurance

Unforeseen events such as fire, wind, floods, hailstorms, snow, etc. can damage your business premises. Irrespective of whether your business space is owned or on lease, it is always better to have adequate property insurance to cover you for any of the above unexpected damaging events.

Property insurance covers not only the office premises, but it can also provide cover for technology, equipment, machinery, tools and other office inventory that your business owns.

Given the current pandemic it is also vital to make sure your insurers are aware if the property is unoccupied or not operating. It is vital that the property is maintained and checked on regularly and your policy wording may stipulate exactly what requirements are needed to ensure that your cover remains in force.

Always look out for clauses on your policy and if in doubt get advice from your broker.

General Liability Insurance

The general liability insurance is a financial cover for events such as property damage, bodily injury, lawsuits, medical expenses etc.

Professional Indemnity Insurance

This is an important insurance policy for professionals such as architects, advisors, doctors etc. This insurance protects your business against any financial losses due to errors, negligence or omissions in the services/advice provided to your clients. This type of insurance cover helps cover any legal costs, settlements or compensations.

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Product Liability Insurance

Every business that manufactures a product is legally obliged (duty of care) to make sure their products does not cause damage to third party property or injury to any third party. If there is a defect in your product that can cause injury to your customers or damage to their property, then product liability insurance will pay the compensation claims and can also take care of the legal costs involved. Beware though there are exemptions and conditions to all insurance cover and you may have to adhere to strict production protocols.

Vehicle Insurance

Vehicle insurance helps cover repair costs if you or any of your employees meet with an accident while driving for business using a company car, van or truck. This is crucial policy cover required for businesses that have multiple vehicles and use them extensively for business activities.

Personal Accident Insurance

Personal accident insurance provides financial cover for any staff member who is injured while carrying out work related activities and is subsequently unable to work for a period. This type of insurance cover is intended to help you, or a staff member continue to pay bills by protecting you/them with an income while unable to work.

Data Breach Insurance

This type of insurance is especially important for businesses that store their customers’ data. If this data gets stolen or lost due to negligence or error, then data breach insurance can help cover the cost of compensation and legal fees.

Workers’ Compensation Insurance

This policy covers medical treatment, disability or death of your employees if they are involved in a workplace accident. If your business involves activities that pose potential health risks to your employees, then having this financial cover can prove to be a very welcome asset.


It is important to have the right type of insurance in place for your business to avoid major financial losses in the event of an accident or claim. A good insurance policy will give you peace of mind, can increase the overall credibility of your business and ultimately protect you and your employees, workplace and customers.

Contact Britton Insurance today for a free consultation. We will take the time to understand your requirements to help you choose the best insurance covers for your business. Call 074 9721 304 now for a free quote.