As market leaders in providing high quality business and retail insurance policies, Alan & Thomas know what it takes to provide you with a comprehensive business insurance package at an affordable price.
Over the last three decades, we have established effective business relationships with some of the top commercial insurance providers in the UK - meaning we can offer our clients comprehensive insurance they can always rely on. From hospitality and property to agricultural and tradesman, our experienced team can help source the perfect insurance policy for you.
We want to make the complicated world of insurance a bit easier to understand - so please take a moment to read through some of the frequently asked questions we receive here at Business Cover Insurance:
What is business insurance?
Business insurance is the name given to any insurance policy that protects your business in the event of an unforeseen incident or emergency.
Like most insurances, it is hopefully something you would never need to call up but it provides peace of mind that your business would be able to continue operating should anything happen. In some cases, it is a legal requirement depending on the type of business you operate.
Why should I insure my business?
There a number of reasons to take out a business insurance policy. Firstly, it may be a legal requirement in your area of the industry, as by law businesses have to have certain types of insurance.
Secondly, holding insurance can help to reduce the potential financial impact of accidents or events that are beyond your control; for example storm damage to your premises.
Thirdly, taking out business insurance protects both you and your customers, and allows your business to remain unaffected if anything should go wrong.
What are the basic insurances I need to protect my business?
There is no general set of policies that will give you complete protection as every business is unique. Businesses can vary in so many different ways that it is important we understand your specific requirements before providing you with an appropriate policy.
Speak to one of our friendly advisors to find out exactly what your business needs.
How do I choose the right insurance for my business?
Ideally, you need to make sure you are not over or underinsured. Our advisors can help you find the right balance for your business and current situation - all we ask is you provide us with honest accurate information so we may provide you with the most suitable policy.
How much will it cost to insure my business?
Based on the information you provide us with regarding your business, our team will advise you on the most appropriate policy for your needs.
This will take into consideration specific details such as the level of risk associated with your business, how you choose to protect yourself against these risks, your assets, your employees and any previous claims. Once you are happy with the standard of coverage, we can proceed with your policy.
How often should I review my business insurance?
It is always important to review your business insurance as your organisation grows. This could be in the form of taking on new employees, moving to larger premises or expanding your business operations – all of which could affect your insurance policy in some way.
If you are unsure in any way about your insurance, please speak to one of our friendly advisors who can advise and amend your policy as required.
Do I need to insure my commercial vehicles?
It is a legal requirement for all commercial vehicles to be insured, with each vehicle being comprehensively covered for accidental damage, fire and theft.
For businesses that make use of a fleet of cars or vans, it may be simpler and more cost-effective to insure them all at one time – speak to a member of our team who can explain how this is possible.
What is a business continuity plan?
If your business experiences a disaster, the loss of a key employee or another situation that could interrupt your operations, having a suitable business continuity plan could make all the difference.
This plan lays out the relevant guidelines for all employees so that they may respond to the emergency in the correct manner, minimising losses and ensuring you can continue to trade.
In some cases, having a plan like this in place can also help to reduce the cost of any business insurance policies.
I work from home – is my business covered under my home insurance?
Many home insurance policies exclude property that is used solely for business purposes. This can include computers, printers and other office equipment. In order to guarantee that your all your assets are fully covered, speak to a member of our team today.
How do I make a claim?
We recommend that you read through your policy document when you receive it so that you know what you’re covered for.
In the unfortunate event that you have to make a claim, simply call our team and we’ll get the ball rolling straight away.
What is Shop Insurance?
Alan & Thomas offer a specialist retail division staffed by expert advisers who provide a complete range of retail insurance products for shops and outlets of all sizes, whether you run a small corner shop or a large multi-site franchise, we have the right cover to suit you.
Shop insurance offers the peace of mind that your customers can shop safely, your employees are working in a safe and stable environment and that in the event of an accident, all parties are covered in order to reach a simple solution.
Why is Retail Insurance or Shop Insurance necessary?
As a retailer, it is your responsibility to protect your business as well as your employees and customers. It is also important to consider risks of damage or theft of stock, which has potential to reduce your revenue. With Shop Insurance, your shop is safeguarded against a variety of events, offering security that will put you at ease.
Which businesses should invest in Retail Insurance?
Alan & Thomas offer a range of Retail and Shop Insurance policies which are tailored to meet the demands and needs of each retail businesses. Alan & Thomas provide policies for a variety of retailers including, but not limited to: Butchers, Dry Cleaners, Fashion Shops, Garden Centres, Newsagents and Sandwich Shops.
What level of cover do I need?
The level of cover you need will depend on a variety of factors. Contact our expert advisors at Alan & Thomas today for further advice and to ensure that your business is insured as it should be.
How can my customers check if I’m insured?
If you are a shop keeper buying your insurance through Alan & Thomas, you are eligible to display an 'insured by Alan & Thomas' logo on your shop website. This provides a link to your policy details and allows your customers to check it. .
What is Hotel Insurance?
Hotel insurance caters for all needs of a hotel, bed and breakfast or guest house. With a hotel insurance policy you are covered for risks faced when running your day to day business.
Many hotel owners also live in their establishment, making risk insurance particularly crucial in this business.
Why is Hotel Insurance necessary?
Our hotel insurance policy provides protection and covers you and your staff against the legal liabilities and risks that running a hotel, bed & breakfast or guest house can bring. It is important that both your business and your guests are protected for all possible circumstances.
Motor Trade Insurance
Do I need Motor Trade Insurance?
You will need a Motor Trade policy if yours or your customer's cars are in your control or custody. The policy will allow you to deliver and collect a vehicle to and from repairs, MOT's or servicing.
A Motor Trade Insurance policy is usually typically taken out by a person that runs an MOT centre, car dealership, service and repair garage or any other type of motor trade business.
Your specific type of Motor Trade insurance cover depends on the individual needs of your business, and the type of business you are involved with. Alan & Thomas offer comprehensive Combined Motor Insurance policies that will work to suit a variety of needs.
Alan & Thomas also offer Motor Fleet Insurance and Motor Main Dealer Insurance for those with even more specific motor trade needs.
For an informal discussion and a free quotation for your business insurance, please call us on 01202754900 or complete the quote request form on this page and we will contact you.
About Alan & Thomas
Firmly established as one of the top 100 independent insurance brokers in the UK, we have been providing personalised insurance policies since 1975. Using a network of 37 independent brokers known as Brokerbility, our expert team can offer a local and personal service across the whole of the UK.
Chartered Insurance Brokers
Having been awarded the highly regarded title of "Chartered Insurance Broker" by the Chartered Insurance Institute (CII) back in 2007, we are currently the only independent broker in Dorset to have achieved this status.
- Top 100 UK independent broker* with Chartered Insurance Broker status
- Free no obligation review and quotation
- Talk to a dedicated insurance expert to guide you through the process
- Bespoke levels of cover tailored to your individual requirements
- Competitive premiums underwritten by the UK's leading insurers
- Dedicated in-house claims team who will deal with any claim on your behalf
- Payment of premium by monthly instalment available (subject to status)
- Free access to online risk management services
* Top 100 Independent Brokers 2013 published by Insurance Age in association with Cornell Consulting
IPT (insurance premium tax) has doubled from 6% to 12% over the last few years, which has forced insurance premiums up in turn for customers and now accounts for £50 on an average policy. Though IPT only directly affects insurers, this is likely to have a knock-on effect to your business insurance policy.