Commercial Combined Insurance
Commercial Combined Insurance is designed for large businesses and is often purchased by organisations in manufacturing, wholesale, distribution and leisure industries. What does Commercial Combined Insurance include? Policies can be tailored to the individual business’ need but typically cover includes;
- Material damage to buildings, stock and trade contents
- Money cover for cash at premises and in transit
- Goods in transit for stock that you deliver or collect
- Business interruption to protect cashflow if your business is unable to trade because of an insured risk
- Public and Products Liability provides cover for damage to third party property or injury to other people (excluding employees) that is deemed to be caused by your negligence. This can also include the legal costs of defending such a claim.
- Loss of Money – this is different to “loss of profits” as it relates to monies kept on your premises.
How much does Commercial Combined Insurance cost?
This depends very much on the cover your business needs and how risky an insurer perceives your business to be. Your claims history plays a part in this but it is important to be honest with an insurer or they could find grounds to invalidate your cover and reject claims. Premiums can range anywhere from £500 to in excess of £100,000.
What you need to know about
Commercial Combined Insurance
Understand the “inner limits”
While you will have an overall sum insured for stock and trade contents, it is likely you will have limits within this total for high risk items such as laptops, tools etc.
Optional Covers
Loss or damage due to risks such as Accidental Damage, Subsidence or Terrorism are typically not included as standard but can be added on.
Define what is meant by “Employee”
For Employers Liability, insurers typically include labour-only sub-contractors as employees but it is worth checking if you have other types of contracts in place for workers.
Other policies to consider
This insurance is not designed to cover loss from cyber-attacks, claims made against company Directors or professional indemnity. Talk to us about other policies for these risks.
Why businesses choose us
Community-focused insurance
We care about protecting local businesses in our area. We understand the challenges and opportunities you face.
Get to know us
In an online world, nothing beats expert advice from a real person. You get to speak to the same people whenever you need to get in touch.
Insurance with a heart
We’re part of the Benefact Group who give all available profits to good causes.
Get In Touch
8 Orchard Court, Heron Road, Exeter, EX2 7LL
01392 426046
[email protected]
Mon– Fri, 9:00-17:00
130 Port Tennant Road, St Thomas,
Swansea, SA1 8JQ
01792 641611
[email protected]
Mon, Wed- Fri 9:00–17:00, Tue 10:00–17:00
Gotham Chambers, Hammett Square, Phoenix Lane, Tiverton, EX16 6LR
01884 256412
[email protected]
Mon– Fri, 9:00-17:00
South Devon House, Babbage Road, Totnes, TQ9 5JA
01803 864390
[email protected]
Mon– Fri, 8:00-17:30