Commercial Insurance

In addition to offering Independent Financial advice in Ulverston and across Furness, The South Lakes and Cumbria we also arrange very competitively priced Commercial Insurance.

If you are in the business of selling your knowledge or skills, you may want to consider taking out Professional Indemnity insurance.

Professional Indemnity insurance protects your business against claims for loss or damage made by a client or third party if you make mistakes or are found to have been negligent in some or all of the services you provided.

Many professions are required to have Professional Indemnity insurance cover as a regulatory requirement or as part of their professional authorisation. This includes solicitors, accountants, architects, mortgage intermediaries, insurance brokers and financial advisers. Many consultants, advertising and PR agencies and designers choose to have this type of insurance.

One important aspect to bear in mind when considering professional indemnity insurance is that cover is usually on a claims-made basis. This means that the policy will only cover claims that are made while the policy is ‘live’. So if you plan to cancel your policy when you close your business or retire, you may need to arrange ‘run-off’ cover for a period of time afterwards.

One way to minimise such claims is to make sure projects are well documented. Ensure that you set out specific responsibilities in your contracts with clients beforehand and deal with complaints promptly.

In addition to professional indemnity insurance we can also help with commercial property insurance, public and employers liability insurance and also small business insurance packages which include Employers’ Liability Insurance, Public and Products Liability, Buildings, Contents and Stock, Business Interruption, Money and Goods in Transit.

Our quotes are always very competitive, so if you are a business based in or around Ulverston, Furness, The South Lakes or Cumbria why not give us a call for a no obligation quote on 01229 585818.