Business Insurance

Business insurance experts

Protect your business interests and ensure you have the right insurance policies in place. Our insurance advisers at Parklands Financial Services in Lowestoft can provide the guidance you need, no matter where you're based in the town, King's Lynn, Cambridge or anywhere across East Anglia. Contact us today.

Why do you need business insurance?

All businesses are exposed to risks in their day-to-day operations. Without business insurance cover to provide protection against some of these risks, businesses would find it difficult to operate efficiently and profitably.

Adequate business insurance is therefore not a luxury - it is an absolute necessity.

These days, many people are not afraid to seek compensation. No win - no fee advertisements encourage claims, and businesses need to protect themselves against liability claims that could run into millions of pounds. In addition, you could be held personally responsible and even face criminal charges if found negligent.

Most small businesses are also failing to insure themselves against potential legal action from employees.

Businesses sometimes insure tangible assets like car fleets, machinery and buildings, in the same way as homeowners insure their houses and contents such as televisions, videos, etc. Businesses can also insure against losses arising from certain events.

With all the other expenses involved in setting up and operating a business, it might be tempting to have the minimum insurance required by law - insurance against risks to third parties.

However, it makes sense to get adequate insurance to avoid the risk of losing it all.

Is it for your home?

What insurance policy would be ideal for my business?

There are numerous types of business insurance for small businesses to consider, some of which are compulsory and others that are advisable.

Find out what business insurance you are legally required to have as an owner and employer, and explore the various types of insurance such as employer's liability insurance and professional indemnity insurance.

Most of the UK commercial insurance companies have different types of products, depending on your trade. These fall into three main categories:

Liabilities
Property and buildings
Business assets and equipment (contents cover)

Many insurers have developed package policies which are suited to a particular type of industry. They cover most of the main business groups, such as shops, restaurants, offices, hotels, pubs and surgeries. They have certain basic covers included, such as employer’s, public and products liability. You then add cover for contents, stock, computers, buildings, legal expenses and other areas to the package. These policies tend to be very competitive.

The most important thing to do is contact a professional adviser to discuss your needs.

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I have used Parklands for over 5 years to arrange my mortgages, life insurance and pension. Paul and Donovan are second to none when it comes to their knowledge and professionalism. I could not speak highly enough of them.

Gary G.
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Have used Parklands IFA (Donovan) twice now and every time they deliver exactly what I have asked for.
Extremely professional, open and honest yet very down to earth with all the terms that I couldn't understand.
Used them for over 10 years for our mortgage, life insurance and pensions.
Would not hesitate to use them again, have referred them to family, friends and work colleagues. Keep up the great work.

Shane P.
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Fantastic old school face to face financial advice, Paul knows his stuff.

Jason R.
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Everything explained in detail. Completely hassle-free from start to finish. Great service all round.

Janet A.
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The service we received from Donovan Goodman at Parklands was fantastic. As first time buyers on our quest to understand the world of mortgages, he took the time to explain our options to us, answer all of our questions and, most refreshingly of all, was completely open and honest with us. I would highly recommend Parklands Financial Advisers.

Jodie C.
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Paul and his team are very knowledgeable and really helped me with my investment and personal pension! Would highly recommend them.

Colin and Richards Crazy Adventures
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Absolutely superb service from Parklands! Donovan and James were brilliant, made every step of getting the mortgage and insurance as easy as possible. Thoroughly recommend this company for any financial decision you're thinking about!

Adam G.
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I received a first-class service from James Turner regarding my pension. James kept me informed at all times, and everything was resolved very swiftly indeed. I can highly recommend James, and wish him and the business every success.

Jackie J.
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We have bought two properties using Donovan from Parklands now. Both processes were made easier by having him to help, as well as him going to many lengths to get the best deal for us.
We have recently moved into our new home and cannot thank Donovan enough for all of his help with getting us in. A great person who went above and beyond to help us with our every need. We would 100% recommend him to anyone.

Laura M.
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I cannot rate Donovan highly enough. From the initial mortgage application through to sorting out life insurance ... he was always a Whatsapp/phone call away and guided me through new and unknown territory. So thankful that I was pointed in his direction and trust him with my life now!

Jo C.
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Superb service from Lucy as we tried to achieve an almost impossible task - opening a Trust Bank Account when two of the Trustees are non-UK residents. Lucy was tenacious and unrelenting in helping us ... she certainly made sure the bank kept the ball rolling. Thank you Lucy!

Tim S.