Direct line business insurance, offers insurance policies that can protect you against loss regardless of where you conduct business.
The prestigious company was founded in 1984. If you have come across the direct line insurance company and want to learn more about it.
We’ve written this article to teach you everything you need to know about direct-line insurance. Business insurance is just one of the many insurance products that the direct line insurance company has begun to offer.
Direct Line History
The direct line insurance company started with a single insurance product in the year 1984. They have stayed in the insurance company for as long as, from then till now. Maintaining their written motto and what they are known for, the insurance company made known that they will always put their customers first.
The direct line sold 80,000 policies in its first year until 1988 and broadened its services to include home insurance. That was the first added policy product outside of car insurance which they started with.
As of 2018, Direct Line with its line of service and prestige became the first insurance company to offer online claims registers they also were the first insurance company to provide tracking service for motor insurance customers.Â
In the same year, the company launched its Home Response 24-hour emergency and that was a great one. In the same year, the company batched an award according to votes as Britain’s Most Trusted Insurance Provider which was sponsored by Reader’s Digest.
The wonderful company has stood out over the years as special as they have made themselves to be. The company in recent times has added many other insurance policy products to its plan.
A business insurance policy is one of the many policies that they provide. So, here is what you need to know about the company you are going to be getting your business insurance policy plan from.
What Other Products Do Direct Line Provide?
The direct line insurance company provides many other insurance policy products for sale to their customers. Those products that they provide, they always provide the same quality to each of them.
Below is the list of the services and policy products that they provide;
- Personal loans: In case you want to start a small business and need a loan for capital, they can provide it for you.
- Small business insurance: They provide you cover for your small business against loss of capital or anything of the sort.
- Breakdown cover: In case your car breaks down in the middle of nowhere, they provide cover for you and cover the cost of fixing the car.
- Bicycle insurance
- Landlord insurance(contents and building).
- Car insurance
- Home Insurance
- Van insurance
- Pet insurance
- Travel insurance. ETC.
Those are the list of covers that the prestigious insurance company provides for their customers including ‘life insurance’.
What Is Business Insurance?
Business insurance coverage is there to protect businesses from losses that may occur due to events that may come up during the normal course of business.
There are different types of insurance coverage for businesses including coverage for property damage, legal liability, and employee-related risks.
Companies including direct-line insurance companies evaluate their business insurance needs by looking at the potential risks involved. Those risks can vary depending on the type of environment in which the company operates.
Direct line business insurance, therefore, provides you as a business person, the cover against losses. The losses may be financial or stock-wise, so they cover you in case there is a loss in your business.
Whatever direct line business insurance does is based on the normal definition of business insurance cover. But, there are special covers and extra offers that the direct line insurance gives to their customers who have chosen them to provide cover for their businesses.
Why Do I Need Direct Line Business Insurance?
The type of business insurance you may get would depend on several factors. Factors like the activities your insuring company undertakes, the company claims history,
Also, the size of your company or business, and also if you are working alone you may need employer liability insurance. It does not matter if you work remotely from home, or in a busy office or environment.
Whether you sell products online or offer your services face-to-face to clients or customers,
The fact is that there are risks that come with every type of business it does not matter whether large or small business.
Mistakes can be made, by you or your workers, equipment might get damaged and clients may even be quick enough to accuse you of negligence.
Small businesses do not usually prepare for many, unexpected expenses due to any claim.
That reason is why it is so important to have the right insurance in place for your business. Even if you are self-employed something might still go wrong, and you will be the one responsible for footing every bill for the mistakes or losses.
However, the Direct Line insurance company has provided an offer for you, to cover the majority of risks associated with your business.
So, instead of troubling yourself and worrying about what might go wrong, you can concentrate on building your empire while they take care of every wrong thing.
Direct Line Business Insurance Offers
Direct line business insurance has provided cover offers for their customers in a variety of businesses.
The businesses that the direct line business insurance group provides cover for are;
- Estate agents
- Home businesses
- Accountants
- Caterers
- Market traders
- Offices
- Retailers
- Tradespeople
- Contractors & freelancers
- Dog walkers and groomers
Whatever area of business you are on, the direct line business insurance has you covered.
What Direct Line Business Insurance Covers?
There is a list of things that the direct line business insurance covers their customers against.
Professional Indemnity
This cover option would be useful if you base your business to provide counseling services or you need to give advice to clients as your line of business. If you make a professional error and give advice to clients and they deem it negligent, they can sue you in court
Professional indemnity insurance covers you against any legal and compensation costs you are asked to pay against a lawsuit. Clients would usually ask to see proof of your professional indemnity insurance coverage before they can agree to work with a new contractor.
Home Emergency Cover
You need this cover option if your business is remote. The cover protects you against any emergency that may happen in your home which is more like your business area.
However, this cover is not effective if you are operating in a guest house or hotel room.
You can add home emergency to your Direct Line business insurance policy as long as you run your business from home and you already have home buildings insurance, as well as home contents insurance or business contents insurance on your policy.
The cover is available for you as a new customer and also as a renewing policyholder, you can add it during the policy term.
Business Interruption Cover
Depending on the type of business you own, you can work from anywhere your business Is based, it can be in your home, in an office, at your shop, on a client’s premises, or shared working space.
If your working premises become unusable due to a covered peril or event like a fire outbreak or flood. Business interruption is there to cover the costs of relocating until your business environment is fixed.
This cover can also protect you against any lost turnover during this period if you have already insured your premises or business property.
Cover Against Accident
This cover option is needed to cover you if any of your workers happen to get injured from an accident and therefore are unable to work.
If someone in your business is unable to work due to a temporary injury from an accident, then after 7 days have passed,
Direct line business insurance will pay their normal net weekly earnings of up to £500 for up to 104 weeks.
There are many other things that direct-line business insurance covers you against;
- Terrorism cover: Covers you against damage of work property from an act of terrorism.
- Contract works: Always works for people in construction works. It covers work that is damaged while in progress, by an insured event, such as a fire, flood, vandalism, or theft. A direct line can cover the costs required to repair or redo the work.
FAQs about Direct Line Business Insurance
What type of businesses do direct line provide insurance for
Direct line insurance provides insurance for different business types including catering and freelancing.
What is the cost of direct line business insurance
The cost of your business insurance with the direct line will be affected by, the size of your business, the number of employees, the type of trade, and your history of insurance claims.
How long does my business insurance quote with direct line last
Your business quote with a direct line is valid for up to 30 days from the day you receive it.
