Insuring your financial or legal business
Whether your business offers wealth management or prepares legal cases, your time, effort and resources are fully devoted to giving customers the highest levels of service. But despite your planning, sometimes things just don’t pan out as you expected them to. Putting business insurance in place means you’re covered when things don’t go to plan and at Hiscox we can tailor your insurance package to your trade and to your company.
Why you need business insurance in business and finance
Information loss
Your clients trust you with their most sensitive personal and financial data – and you have a legal and moral duty to protect it. But what happens if a hacker breaks into the company network, or an employee accidentally leaves a client’s file on the train? Your business could be fined, and your reputation severely damaged. We’ll cover you for expenses and legal claims, so you can get on with serving your clients.
Slips, trips and falls
In your line of work, physical injury might seem a long way from the day-to-day concerns you’re used to dealing with. But an accident can happen in seconds and if an employee or a member of the public blames you for it, you’ll need to defend yourself. Whether it’s a missed step or an accident with a hot cup of coffee, it’s a headache you don’t need, so it’s good to make sure you’re protected.
Technical problems
If your office is flooded, burned or burgled it can be a real problem for your day-to-day operations. Until the necessary repairs can be completed, deadlines are pushed back and you risk losing time and money while dealing with angry clients. Having business insurance in place means we’ll cover the costs of repairs or replacements and get you back on track.
If you’re not sure what you need, tell us a little more about your finance or legal business. We’ll help you to build your quote and explore any other insurance needs.
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Key types of insurance for finance and legal businesses
Public liability insurance
Public liability insurance is there to help your business deal with any legal action or claims for compensation where a client or a member of the public feels they’ve been injured or suffered damage to their property. If they blame you and your business for it, you'll have to defend yourself. Even if you don’t think there’s any damage or you’re certain it’s really not your fault, we’ll be there to help you get through it.
Cyber and data insurance
Cyber and data risk insurance offers protection from cyber security incidents, data losses and helps with the cost of recovering information. Whether it’s accidentally sharing confidential information with the wrong recipient, or something more malicious, like a deliberate cyber attack on your business, cyber and data risk insurance protects you. It covers the costs of bringing systems back online quickly, correcting and repairing any damage and any fines that may result from data loss.
Office insurance
Even in the modern world where business is conducted online, you still need to know your physical premises and your key equipment are protected. If your place of work is damaged by fire or flood, office insurance will cover the cost of repairs. The same is true of your key belongings, whether it’s specialist work-specific equipment or more general things like computers, are stolen or break down. We’ll cover the cost of replacing them so you’re back up and running in no time.
These are just some of the types of business insurance for finance and legal firms that we can offer. We can provide other specific types of cover and build them into a policy that’s tailored to the exact needs of your business.
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