“There are around 4 million businesses in the UK with small businesses accounting for around half of all employment”

Department of Trade and Industry

Small businesses, shops, offices, public houses, restaurants, surgeries and property owners insurances broadly all fall under the umbrella of package insurances in the commercial insurance sector.

Insurers provide some of the widest covers available for these classes of business and will usually provide very wide cover based on very limited information.

Package cover premiums are generally lower than most other classes of commercial insurance.

However, a small number of claims can adversely affect premiums significantly, therefore, a positive approach to reducing risk can provide competitive long term premiums.

Key considerations

  • Class of business
  • Cover levels required
  • Premises
  • Security
  • Risk management