The following glossary aims to explain all that jargon and terminology you're afraid to ask about. If you've a term you'd like us to add, please email us.
BUSINESS INTERRUPTION – covers the Loss of Trading Profit due to interruption caused by an 'insured peril' like flood, fire, earthquake or theft.
EMPLOYERS' LIABILITY – protects against claims made if an employee has sustained an injury while they are working for you.
PRODUCTS LIABILITY – covers you for claims made by members of the public who have sustained physical injury, damage or loss from goods you supplied.
PROFESSIONAL INDEMNITY – covers against claims made by clients if you are found to have made mistakes or have been negligent in the services you have provided for them. Professional indemnity insurance also covers any legal costs.
PUBLIC LIABILITY – covers you against claims made by members of the public, typically taken if they have injured themselves on your property.