Businesses need to have the right level of insurance

Thu, 22 Oct 2009

Direct Line has notified business owners to make sure they have the right level of insurance cover, even if they work from home .

Head of the organisation's business division Kate Syred commented that owning a business can become a terrible ordeal if an accident occurs and a customer makes a claim against their company. She indicated that many people set up their business in their house because of the potential savings on overheads, however they may still need to take out business insurance because their home cover may be limited.

Ms Syred explained: "With so few businesses being protected from a liability claim, or an unexpected pause in trading, this research highlights the need for business owners to think about specific business insurance ."

A recent study conducted by Direct Line found that 28 per cent of companies run from home don’t have any business insurance in place.
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