Any business needs to think about the following types of cover which come all combined together in the one policy (Hence Commercial Combined). So a designer, manufacturer, reseller or wholesaler has to consider the following insurance risks to ensure they are protected.
Certainly an important policy to consider. If you or your staff give any advice to a designer or company, and quite often this is what a P.R. Marketing Agency would do, should that advice be considered negligent, it is possible you may be sued . Also, if in the design of anything, to assist your clients, you breach the copyright or trademark of others, again you could be held liable.
It is designed to pick up claims from when you are responsible for the goods to the time when ownership passed over to your customer. Especially if your goods do not come into the UK in their journey. For example, manufactured in Italy, shipped to a distribution centre in Portugal and then shipped to USA. This policy is normally bought as an additional policy to the main Commercial Combined. But it also depends on the arrangements you have with your suppliers and customers.
Either to inspect factories, visit customers, or attend trade shows, fashion weeks etc. A business travel policy is important because it provides cover for all members of the company wherever they go on business without the need to actually name each individual, it provides peace of mind that as an employer, you are caring for your staff. Just think of the problem if one of your team was injured or became ill whilst abroad on business for you.
For the bigger company, this type of policy is designed to protect the directors and officers of the company in the event of negligent actions.
Should your website be hacked and criminals hold to ransom for a fee before they will release your site, the policy helps in the settlement of the claim and can also assist in a denial of service attack. Again crime policies for the bigger company. Where an invoice could be paid by mistake because hackers have fraudulently intercepted an invoice and changed the bank account. And your accounts team pay the criminal and nit the genuine person.
