Commercial combined insurance is a type of business insurance that combines different types of coverage into a single policy. Insurance companies offer this type of coverage to businesses that need comprehensive protection against various risks, such as property damage, liability, and business interruption. 

Commercial combined insurance typically includes property insurance, business interruption insurance, liability insurance, and theft insurance, although other types of coverage may be included as well. By bundling multiple types of coverage into one policy, businesses can often save money on their insurance premiums. 

The exact coverage and cost of commercial combined insurance policies can vary based on the specific needs of the business, the type of industry they are in, and the level of risk involved in their operations.

It combines multiple types of coverages into a single policy, offering convenience and often cost savings for business owners. Here are some key features of commercial combined insurance: 

• Broad Coverage: Commercial combined insurance typically includes a wide range of coverages, such as property insurance (for buildings, contents, and equipment), liability insurance (public liability, product liability, employer’s liability), business interruption insurance, and more. It is designed to address multiple risks in one policy.

• Customizable: Businesses can tailor the policy to suit their specific needs and industry. They can select the appropriate levels of coverage and add optional extras based on the nature of their operations and the risks they face.

• Cost-Effective: By bundling multiple coverages into a single policy, businesses often find it more cost-effective than purchasing each insurance type separately.

• Property Insurance: This coverage protects the business’s physical assets, including buildings, office spaces, inventory, equipment, and machinery, against various risks like fire, theft, vandalism, and natural disasters.

• Liability Insurance: Commercial combined insurance includes various liability coverages that protect businesses against legal liabilities arising from third-party claims due to property damage, bodily injury, or personal injury caused by the business’s operations or products.

• Business Interruption Insurance: This coverage helps compensate for lost income and ongoing expenses if the business is unable to operate due to an insured event (e.g., fire or flood) and faces a temporary shutdown.

• Employers’ Liability Insurance: A legal requirement in the UK for businesses with employees, this coverage protects against claims from employees who are injured or become ill due to work-related activities.

• Optional Coverages: Businesses can add optional coverages to the commercial combined insurance policy, such as cyber insurance (to protect against data breaches and cyber attacks), goods in transit insurance, and professional indemnity insurance.

• Risk Management Support: Many insurers provide risk management advice and services to help businesses mitigate risks and improve their safety measures, which can lead to lower premiums.

• Claims Handling: Reputable insurers offer efficient and supportive claims handling services, helping businesses through the claims process and facilitating the settlement of valid claims.

We have significant experience and buying expertise in this sector, which means we can offer you competitive premiums. A commercial combined policy does what the name suggests, combining the appropriate cover to correspond with your needs. So this could be insurance for buildings, stock, plant, machinery, goods in transit, money or business interruption from flood, fire or theft.

Even large companies can find commercial combined insurance complicated, according to research commissioned by British Insurance Brokers’ Association (BIBA). To add to the confusion, advertising is enticing SMEs to online or direct insurance options, with what appears to be the promise of cut-price policies and an easier buying process. Add to this mix the fact that fire- fighting in a poor economy means owner-managers don’t have sufficient time to read the small print of their insurance documents.

In fact, all of this lack of knowledge and direction is leaving thousands of UK enterprises either paying too much for insurance they don’t need, or vulnerable to gaps in cover which are only exposed when claims are refused.

Yet money and time could be saved by using an independent local broker like us, to find the right commercial combined insurance policy. This draws together all the most vital insurance cover businesses need – modelled around your specific requirements – with the added benefit of having only one premium and one renewal date to remember. Direct Debit facilities also allow you to manage your company’s finances effectively and alleviate you of the responsibility of paying your premiums on time.

Our commercial team will work with you to understand your requirements and to enable us to make an informed recommendation. This gives you the right level of cover, at the right price and ensuring your business is totally protected today and into the future.

We give you the best of both worlds – our personal touch and market expertise, combined with great products from the UK’s largest insurers.

Simply get in touch – Depending on the size and complexity of your business the information we require varies in every case.

Feel free to email or call and one of our commercial team will be on hand to assist.

Alternatively you can complete the contact form (with our contact information below). Here you can specify your requirements, a preferred time & contact type – we will receive this in the office and one our advisors will be in touch as requested.