There are many types of business insurance in the UK. Because of this diversity, the options available are sometimes confusing. Therefore, for a new company where there are no existing staff or compan... There are many types of business insurance in the UK. Because of this diversity, the options available are sometimes confusing. Therefore, for a new company where there are no existing staff or companies with a team of employees, it is important to decide what level of insurance you should have and which is recommended. Here is a list of 16 types of business insurance that you can consider. Employer's insurance. The Employment Obligation Act (Compulsory Insurance) of 1969 requires employees to be protected from injury while doing their work - mandatory. Car insurance - Most business policies are comprehensive or third party, from fire and theft. By law, you must at least insure your legal obligations against loss to others and damage to their property - as required. If you use a private vehicle for business, make sure the appropriate account is designed for this. Professional damage insurance - Protects the company from injury, loss or damage due to negligence of professionals or employees. Depending on your industry, several professions MUST be insured, including; architects, accountants, lawyers, surveyors, insurance brokers and financial consultants. All the following types of business insurance are recommended. Business travel insurance - several employees travel a lot around the world. Coverage of delays, deaths and injuries; equipment and money recommended. Loyalty Guarantee - If you are worried about dishonest employees, Fidelity Insurance will protect you from losing money or stock. Key Man Insurance - some companies no longer work without certain people. Often insuring directors and senior managers against loss of income due to death. Location insurance is like a home insurance policy where your company must be insured for full repair costs. Coverage - If your company has stock, you might consider insuring your company's content. Branded production and equipment - Like content insurance, you can insure your company's machinery or equipment. Travel goods are a popular business insurance companies policy if you want to send quality goods. Mail always asks about the value of your product. The items on the trip work exactly the same. Technical insurance - Technical insurance covers electrical or mechanical damage. Business Interruption Insurance - Riots in London in 2011 caused a lawsuit against your business. Claims for lost income and expenses are likely to arise. Liability insurance is a very general policy that covers your business from harm to community members, whether in the case of death, personal injury or property damage. Product liability insurance - if you sell a product, you must carefully consider whether the product can harm someone because of a defect or negligence in production. If so, you should discuss the risk with your legal counsel. Pollution Risk Insurance - The Environmental Protection Agency treats pollution very seriously. If it turns out that your company is polluting the environment, you may be responsible and fined and forced to pay for cleaning. Insurance directors and officers - Directors and company officials have specific duties and responsibilities that are their responsibility. The director and the insurance officer provide protection against damages and legal costs if it is discovered that they inadvertently acted outside their mandate. There are differences in laws depending on the part of the country where you live. If you live in Scotland or Northern Ireland, you should check local laws. Most companies require some kind of business insurance Cubit-Insurance. Risk management is part of this process. Arthur Savage offers a variety of insurance policies for small business services to help you analyse and choose the best protection for you. Source: Free Articles from ArticlesFactory.com If you want to know more about the different policies, why not compare your private taxi insurance with different leading providers.