Mortgage broker insurance

Public liability insurance

In case your business and products cause an injury or property damage.

What’s typically covered by public liability insurance?

Claims against your business for:

• damage to someone else’s property while you’re working, or because of your work
• injury to someone as a result of your work
• accidental injuries caused by your employees at work

For example:

• you’re with a client and you accidentally spill coffee onto their designer handbag, causing a permanent stain
• your client trips over your laptop charger cable while you’re setting up for an appointment, breaking their wrist
• your employee damages a neighbouring business’s property while bringing equipment into your premises

**If you do employ anyone, you’re usually required by law to have employers’ liability insurance too.**

Read more about public liability insurance

Employers’ liability insurance

In case anyone gets ill or injured while working for your mortgage brokerage

What’s typically covered by employers’ liability insurance?

Claims against your business for:

• an injury to someone you employ, including contractors and temps, that happens as a result of working for you
• a member of staff (including casual workers) falling ill due to your business

**Employers’ liability insurance is required by law if you have people working for you. Without it, you could be fined up to £2,500 a day for each employee.**

For example:

• your office manager breaks their finger while trying to close a faulty window at your business premises
• your receptionist trips over a cable running across the floor of your office, breaking their ankle

Contents insurance

In case something happens to your fixtures, fittings, or operational equipment.

What’s typically covered by business contents insurance?

Claims against your business for:

• accidental damage to your contents, or the equipment you use to run the business
• theft, flood, and fire damage

For example:

• someone breaks into your business premises and steals three company laptops, as well as two sets of headphones
• a faulty dishwasher floods your office kitchen, causing damage to several appliances
• your business equipment is damaged by vandals during a break-in

Read more about busines contents insurance

Business interruption insurance

In case something is stolen or damaged and you lose income.

What’s typically covered by business interruption insurance?

• you can’t trade because of contents or building damage

For example:

• your inventory is damaged and you lose income because you’re unable to sell
• your work laptop is stolen or damaged and you can’t run your business

Read more about business interruption insurance

Business legal insurance

In case you’re hit with legal expenses connected to your business.

What’s typically covered by business legal insurance?

Claims against your business for:

• costs and expenses for disputes relating to debt recovery, including judgement enforcement
• disputes with debt collectors, or any party who takes legal action against you, as a result of identity theft
• costs and expenses for contractual disputes arising from an agreement

For example:

• one of your clients isn’t happy with your work and believes you haven’t met the contractual requirements
• someone gets access to your company’s bank details and uses them to buy goods and services
• your client is disputing a contract they had with you on the provision of a service

Read more about business legal insurance

Personal accident insurance

In case anyone you’ve covered is accidentally injured, at work or away from work.

What’s typically covered by personal accident insurance?

• compensation if you or an employee are injured in an accident, including weekly payments if you or they are unable to work for two weeks or more
• virtual Medical Care service with unlimited 24/7 access to medical advice, consultations, referrals and prescriptions
• 24/7 access to myStrength emotional health support app

You can buy this cover for:

• yourself
• your employees

For example:

• imagine one of your employees breaks their leg in an accident and is out of work for six weeks. Personal accident insurance would provide £300 for the broken leg diagnosis. After the employee’s second week off, you’d receive four weekly payments to assist with costs during their absence. You could use the money as you wish – whether for loss of earnings, hiring a temporary replacement, or compensating the injured employee.

What’s not covered?

• issues caused by sickness, illness, or disease
• conditions that develop over time without a direct connection to an accident
• mental illness, even if triggered by an accident
• self-inflicted injuries
• accidents that occur under the influence of drugs or misuse of medication
• deliberate exposure to danger, except when attempting to save a life
• injuries caused by taking part in a professional or semi-professional sport

Read more about personal accident insurance