Business Insurance
Business Insurance
Business Insurance refers to a range of insurance policies that are packaged together to create customised protection for your individual business needs.
No business is without a degree of risk, but you can manage your company’s exposure to risk with the right business insurance. Business Insurance gives you peace of mind that if your business suffered a loss or damage, or someone were to take a claim against your business, that it would be protected from the cost of reinstatement, legal fees and compensation.
Business Insurance can include :
- Public Liability
- Professional Indemnity
- Employment Practices Liability
- Product Liability
- Business Interruption
- Directors’ and Officers’ Liability
- Key Person Insurance
- Medical Malpractice Insurance
- Property Insurance
- Commercial Vehicle Insurance.
Request a Quote
Speed up your quotation by filling in our online business insurance questionnaire. Then request a call back and we’ll have prepared everything you need to know to choose the right coverage for your needs.
Other types of business insurance we offer…
Directors’ and Officers’ Liability Insurance
Directors’ and Officers’ Liability Insurance provides cover for your company directors and key officers whose roles come with specific responsibilities. If they are found to have failed in their responsibilities during their employment, legal proceedings can be taken against them.
Directors’ and Officers’ Liability Insurance can cover claims made by shareholders, investors, employees, regulators or third parties, against your directors and key personnel for:
- a breach of trust or duty, or failure to act in shareholders’ best interests
- a breach of legislation
- creditors and insolvency
- misleading statements
- wrongful trading.
In Ireland, company directors and officers have legal and regulatory responsibilities that, in the event of a wrongful act, can result in disqualification from their position, civil proceedings or criminal prosecution. Without the appropriate insurance in place, directors and officers may find it difficult to cover the costs of defending a claim in court, or paying any compensation that could be awarded.
Employment Practices Liability Insurance
Employment Practices Liability (EPL) protects your business from legal costs and compensation in the event an employee makes a claim for Unfair Dismissal, discrimination, bullying or constructive dismissal, to name but a few. Unlike a case where the employee was dismissed by the employer, where the onus of proof is on the employer to establish the dismissal was fair, in constructive dismissal claims the onus of proof is reversed. It is therefore required of the employee claiming they were constructively dismissed to establish that the conduct of their employer was such that they had no option but to resign their position. Consequently the employee must set out the matter fully in order to allow the employer to respond.
If an employee takes a claim against your business, EPL Insurance typically covers the following:
- Legal costs – the cost of settling or defending disputes and claims made by employees
- Medical bills – covers the cost of medical treatment for sick or injured employees
- Compensation – awarded by the court to an employee with a successful claim against your business
- A co-payment percentage of the total award may apply depending on the policy type and agreed excess.
Key Person Insurance
The definition of a key person is determined by you. Fundamentally, a key person’s absence from your business will impact on your business operations and potentially the confidence of your customers, suppliers and other stakeholders. A key person could be someone who holds specific knowledge or experience that helps the business to meet essential regulatory requirements or it could be someone who is synonymous with your brand.
The amount of cover you take will depend on the impact losing the key person would have on your business. When calculating the amount of cover you need, your broker will consider whether the key person is essential to the business’s income, the contribution they make to the business and what it would cost to replace them.
Medical Malpractice Insurance
Medical Malpractice Insurance is a key component of a business insurance package that is designed on a case-by-case basis for medical practitioners and the type of risks they may face. It provides cover if you are found to have been negligent in your work. It also provides cover for the costs of your legal defence and any compensation that is awarded by the courts.
Tailored insurance is available for a range of medical practitioners and specialists including:
- general practitioners
- consultants
- surgeons
- radiographers
- dentists
- psychologists
- psychotherapists
- dieticians and nutritionists
- acupuncturists
- opticians
- holistic therapists.
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Meet the team
Benny Sheridan
INSURANCE BROKER
Kelley Crowe
Insurance Broker
Siobhan McPhillips
Insurance Broker
Sheridan Insurances are dedicated to helping you ensure that you have the appropriate insurance cover for your business and that is tailored to your unique needs. We have extensive knowledge of all the options available to you and can help you understand the conditions, clauses, exemptions and details of your policy. It is important to us that you know exactly what cover you are getting.
Every business is different, and your insurance should reflect your individual business needs, that is why it is important you speak to an experienced broker who will understand your business and its specific needs.
Sheridan Insurances has more than 40 years’ experience helping businesses to protect their commercial, personal income and general insurance needs. We have access to a wide selection of insurance providers that can offer you flexibility, choice and the best policy to suit your business.
Sheridan Insurances are regulated by the central bank of Ireland and you are protected at all times.
Your benefits…
Business insurance from Sheridan Insurances comes with a variety of benefits such as:
Access to an impartial choice of insurance providers
Dedicated brokers who will research the market on your behalf
Tailored and customised policies with the most suitable products for your needs
Expert advice on policy terms to help you navigate the small print
Business Insurance FAQs
We want to make sure you know exactly what business insurance from Sheridan Insurances protects you for.
Take a look at our FAQs or talk to one of our brokers.
Did you know?
- If members of the public can enter your workplace we recommend you have public liability insurance to cover them in the event of an accident, or damage to their property. This also applies to tradesmen who are working in a public space.
One single, unforeseen accident can have serious consequences for any business. - Directors and officers can be held personally liable in the event of an accident or injury at work. For example, if the Health and Safety Authority were to find negligence contributed to a workplace accident, they may hold the business’s directors personally liable. Directors and Officers Insurance reduces directors and key personnel exposure by providing cover for the cost of a legal defence and any compensation.
Top Business Insurance Tip
What's the difference between key person insurance and life insurance?
Is key person insurance tax deductible?
How to talk to us…
Request a Quote
Speed up your quotation by filling in our online business insurance questionnaire. Then request a call back and we’ll have prepared everything you need to know to choose the right coverage for your needs.
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