Insurance is an important consideration for any UK-based small business, whether you run a busy consultancy firm, local architect office, or hair and beauty salon. Hiscox business insurance is one of the best and most reliable insurers of businesses in the UK. We shall bring you everything you need to know about them in this article. To do this, we shall cover subtopics like; About Hiscox, Hiscox business insurance Overview, Hiscox business insurance Login, Hiscox business insurance phone number, Hiscox customer service, and much more.
Let’s dive right in!
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Table of Contents
About Hiscox
Why choose Hiscox
Hiscox provides customized insurance solutions to support you in all facets of your life, including your home and business. With more than a century in the business and the knowledge of our brokers, we have honed our insurance products to provide crucial protection when things don’t go according to plan. Our specialized coverage for companies includes public liability and professional indemnity protection to guarantee the efficient functioning of your firm. With home insurance that covers your house and its belongings in the event of damage or theft, we’ll also keep you safe at home.
Our underwriters work directly with insurance brokers all across the UK to offer the finest possible level of protection for your customers if brokers are wanting to establish more customized coverage.
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Immediate insurance coverage
Get a customized quote online now, and within minutes, you’ll have your proof of insurance.
Policies tailored to protect you
For the specific risks you encounter, whether at home, at work, or elsewhere, we’ll create a custom insurance plan just for you.
Award-winning claims service
When you need it most, file a claim with the help of our multi-award-winning professionals to get peace of mind.
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Hiscox business insurance Overview
Whether you manage a bustling consulting company, a neighborhood architect office, or a hair and beauty store, insurance is a crucial factor for every small business in the UK. By choosing the correct insurance, you can concentrate on what you do best while we take care of your regular risks. Therefore, hurry and get a quotation from Hiscox business insurance that is customized to your business requirements. You can do this in just a few minutes.
Choose the insurance that gives the greatest protection from a variety of business policies. Hiscox business insurance is designed to suit your specialized requirements, whether you’re a consultant working from home or an SME with many locations.
Why choose Hiscox to protect your business?
- Flexible cover from £9.30 a month*
We’ll work with you to locate customized coverage, and our small company insurance rates start at £9.30 per month.
*Figures based on an average of all business insurance policies sold to at least 10% of our customer base between August 2021 and August 2022 - Business Support
Hiscox business insurance goes above and beyond, providing access to supplementary information and support through the Business Support Hub and CyberClear Academy - Award-winning service
We are the proud winners of the Feefo Platinum Service award. Hiscox is rated 4.7/5 by real customers on Feefo over the past year, with 3272 total reviews.
What is business insurance?
Business insurance, usually referred to as commercial insurance, is a customized program created to protect small companies against specific losses and dangers that may arise during routine business operations.
Hiscox business insurance offers a variety of coverage options, including plans for professional indemnity, general liability, and employer’s liability insurance as well as specialized coverage for the items of your office and assistance in the case of a cyber-attack.
Customized business insurance plans will safeguard your company should anything go wrong. It would also help you prepare for unforeseen events like disruptive data loss, compensation claims, or specialized equipment damage.
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Do I need business insurance?
UK companies that employ staff may need to hold a certain type of business insurance – employers’ liability insurance – by law. Other policies, such as public liability cover, can offer invaluable reassurance and protection.
Business insurance is there for anyone and everyone who provides a professional service and might be at risk of having a claim brought against them.
Our policies can help a wide spectrum of businesses, start-ups, and mid-size firms with headcounts as high as 100 when faced with claims of negligence, defamation, accidental breach of confidence, or intellectual property infringement. Other types of commercial insurance can help to recover your IT systems and safeguard property and specialist equipment.
From slips and trips to workplace illness, even if you and your business are not at fault, costs can start to add up without a policy in place.
Who we cover
Hiscox business insurance provides specialized insurance coverage for all types of businesses, from start-up micro businesses to family businesses and expanding SMEs, across many different industrial sectors.
Our commercial insurance is available to sole proprietors, consultants, and directors of limited liability corporations.
Realistically, Hiscox business insurance can help UK-based companies that deal in services, expert advice, and information as well as those who sell tools. This implies that not only may recruiting consultants, management consultants, and marketing and media agencies profit from our goods, but also gas and heating engineers.
Whether you’re an experienced educational consultant or a hands-on sports coach, you can get the best business insurance options for your requirements when you request a quotation.
For those with more specialized requirements, such as home instructors, publishers, and charities, we can provide specialized small business insurance coverage. Together, we can design a policy that will work for your company.
Choosing coverings that protect you is an option if;
Someone at your company makes a mistake that costs your customer money and time.
It is simple to do without realizing that you are using intellectual property rights, such as a trademark, without authorization.
You or a co-worker spread untrue or harmful rumors about someone that you believed to be real.
You unintentionally or without authorization reveal private customer information
According to the number of policies purchased in 2021, we cover more than 400,000 enterprises.
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Types of business insurance cover
Professional indemnity
If you or an employee is accused of being negligent or if a customer thinks you made a mistake that caused financial or reputational harm, professional indemnity insurance is there to give protection and assistance. We’ll take care of the expenses associated with your compensation and legal representation so you can focus on running your company.
Public liability
If someone sues you or one of your workers on the grounds that their property was destroyed, they were hurt, or they were sick, your public liability insurance will defend you and your company. Accidents may occur no matter what you do for a livelihood, and they aren’t necessarily tied to your work. Any legal and compensation expenses are covered by public liability insurance coverage in the event that a client, courier, or bystander files a claim.
Product liability
In addition to your public liability insurance, product liability insurance offers an additional level of security. Whether your business created, produced, or sold the product, you are shielded from any expenses if a customer complains about one of the products you were associated with. Hiscox business insurance includes product liability coverage in your public liability insurance. This coverage may be particularly crucial in the retail and technology industries.
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Employers’ liability
Employers’ liability insurance may be a requirement under UK law for most business groups. It makes sure you’re protected if an employee is injured on your premises or becomes ill and claims it’s because of something that happened at work. As well as full-time employees, you might also need cover for part-time staff, volunteers, and casual helpers. An employer’s liability insurance policy minimizes disruption by helping with the costs of defending or settling a legal claim. Employment practices liability is slightly different and protects the managers of a business against employee claims.
Cyber and data insurance
Cyber and data insurance could be especially important for anyone who uses data – including computer programmers and marketing professionals. Any business can face a cyber-attack and it can take time and money to put things right – that’s what our cover is there for. The cyber cover also protects against claims arising from data breaches if you or an employee accidentally shares sensitive information.
Personal accident insurance
People power is everything for the UK’s small businesses and particularly for micro-businesses including start-ups. That’s why personal accident insurance could be so important – if you or an employee is unable to work due to an accidental injury, we’ll keep your business healthy with up to £250 per week. If a serious accident affects your livelihood, this type of cover also pays out a lump sum. It helps you safeguard against the ultimate ‘what ifs’.
Hiscox business insurance also provides other types of commercial insurance, including legal protection coverage and office and contents insurance. Taking out specialist insurance can be a good idea in some fields. Find out more about what we cover.
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Hiscox business insurance login
To log in simply enter your username and password into the form provided and then click on the ‘Login’ button. Once you’ve logged in you can: Complete the purchase of your policy (if applicable) and View/download your policy details from anywhere in the world.
The website is https://www.hiscox.co.uk
Hiscox business insurance phone number
Contact a Hiscox representative at 1-866-424-8508, Monday – Friday, 7 am – 10 pm ET.
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Hiscox customer service
If you require the immediate assistance of a tradesperson, please call us on 0800 170 0935 (open 24 hours a day).
FAQs on Hiscox business insurance
Is Hiscox reputable?
We award Hiscox Insurance a final rating of 4.2 out of 5 stars. The insurance company has been around for more than a century and a quarter now, which is certainly respectable within the insurance industry. Hiscox has received very high ratings through AM Best and the BBB.
Is Hiscox a big company?
We are one of the oldest, biggest, and most successful Lloyd’s syndicates. From flood cover for US homeowners to oil rigs in the Gulf of Mexico, we bring a dynamic blend of insurance capacity and underwriting experience, whatever the size and complexity of the risk.
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What specific types of business and or commercial insurance does Hiscox offer?
Hiscox specializes in many types of business insurance customized to your specific needs, such as professional liability, errors and omissions, general liability, business owner’s insurance, workers’ compensation, and more.
Does Hiscox pay claims?
While most of the claims we receive are covered, there are unfortunate instances where the policy purchased does not cover the type of loss or claim submitted to us. We know how devastating this can be for a business and, frankly, we dislike denying claims.
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How many countries does Hiscox operate in?
We have operations in 35 offices across 14 countries.
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Conclusion
I hope you got everything you needed from this article. We covered About Hiscox, Hiscox business insurance Overview, Hiscox business insurance Login, Hiscox business insurance phone number, Hiscox customer service, and much more.
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