Household

You need to consider two kinds of household insurance policy. Buildings insurance, which covers the structure of your home and any fixtures and fittings, and contents insurance, which covers all the furniture, furnishings and the like in your home. In fact, it covers anything you would take with you if you moved.

The sum insured under a buildings policy must be the full rebuilding cost of your home. As well as covering you against a long list of 'risks' (including fires, subsidence, theft, flood and storm) both types of policy include an important 'liability' section. This pays for compensation if you are successfully sued.

Business insurance

There are many aspects of business insurance to consider, including: buildings and contents, employers liability, professional indemnity, book debts, loss of money, public/products liability, goods in transit, deterioration of stock, consequential loss, all of which could affect offices, factories, vehicles and staff. Legal expenses insurance may also be worth considering.

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