Posted on: 17 April 2019

The importance of buying business insurance

Insurance isn’t something that most of us are excited about buying. Most people see insurance as a grudge purchase that we need because of regulations, law or necessity.

The value of business insurance

Business insurance is usually purchased out of necessity, with many business owners going for an insurance policy at the cheapest price, but which will usually have lower amounts of cover.

It is difficult to see the value of insurance when the interactions with your insurer involves paying for expensive documents you receive once a year, but insurance in itself gives the security and peace of mind that you are protected in the event that something unexpected should happen.

Insurance is an intangible benefit to your business, a service that you have paid for that you may never get to use, but also a service that you hope that you will never need to use.

Your insurance policy

The actual amount you pay for an insurance policy is typically calculated by the amount of cover (limits, sums insured etc) you have plus your set of circumstances resulting in the policy responding accordingly. Much like a contractor that is able to undercut another by 10% through taking short cuts and using lesser quality materials; a cheaper insurance policy may often provide less protection, pay out in a reduced set of circumstances and/or impose terms and conditions that reduce the scope of work you can take on knowing that you are protected.

But why wouldn’t you want to fully protect your livelihood, the business you’ve worked so hard to build?  Whether it’s theft, fire, a cyber-attack, or staff injury, incidents in the workplace can be costly and knock you off schedule.  

Business insurance with Premierline

When purchasing insurance the advice offered through a professional insurance broker will take the worry away from you and you can be certain that a detailed assessment of your requirements will be undertaken before recommending a competitive and comprehensive insurance policy.  Furthermore, the terms and conditions written into an insurance policy can often be difficult to understand. A professional insurance broker will be on hand to assist with any queries you have in order for you to comply with the policy requirements and ensuring there are no nasty surprises at the point of claim.

By purchasing your insurance through a professional insurance broker, such as Premierline, you will be offered advice by a trained insurance professional who will assess your business insurance needs and make recommendations for your business, whilst keeping the terms and conditions of your policy easy to understand.

At Premierline, we work with some of the UK’s most well-known insurance providers, and our rates are competitive within the marketplace. You can also rest easy knowing that your insurance needs have been assessed, rather than answering a standard set of questions on a comparison website.

The insurance professionals at Premierline will help ensure your business is properly protected. You can go online to compare quotes in minutes. Alternatively call us today for professional advice and insurance recommendations for your business.

Compare business insurance

Compare quotes online:

Get quotes now

Or for expert advice call:


Request a call back

When to replace your tools

Company News and Press Releases

Premierline - the new name for Premier BusinessCare

11 March 2019
Are you prepared for Mental Health Awareness Week?

Business Guidance

Are you prepared for Mental Health Awareness Week?

26 March 2019
What's the ideal age to start a business?

Business Guidance

What's the ideal age to start a business?

13 February 2019

Protect your business against the unexpected

We specialise in sourcing the right business insurance solutions for businesses and understand that every business requires different cover to protect against the unique risks it faces. Compare quotes online or for insurance advice, speak to our knowledgeable insurance specialists today. Call:   .

Compare quotes online

The information and tools contained in this guide are of a general informational nature and should not be relied upon as being suitable for any specific set of circumstances. We have used reasonable endeavours to ensure the accuracy and completeness of the contents but the information and tools do not constitute professional advice and must not be relied upon as such. To the extent permitted by law, we do not accept responsibility for any loss which may arise from reliance on the information or tools in our Insight Hub.