Chemical Industry Insurance

It’s no secret that the chemical industry is full of risks, and therefore chemical businesses need a chemical insurance policy which offers comprehensive financial protection.

As the owner of a business within the chemical industry, you should have an insurance policy which meets your specific needs and requirements. If the unexpected were to happen, would you be protected? Read on to find out how HISL Brokers Limited could help to protect your business today.

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What is chemical insurance?

Businesses that operate within the chemical industry are at risk on a daily basis. Health and safety, theft and even fire are all concerns that your business should be prepared to deal with. By having a chemical insurance policy in place, you can have the total peace of mind that your business is prepared for the unexpected. Chemical insurance will help to provide your business with the cover that it needs to be protected from claims if anything does go wrong.

Types of chemical insurance policies

Chemical insurance can include the following types of insurance policies:

  • Buildings cover: Provides cover for your business premises in the event of flooding, a fire or theft.
  • Employers’ liability: This is a legal requirement if you employ any member of

staff (including permanent, temporary, contractors or freelancers). The minimum level of protection is £5m, which will cover the cost of compensation claims if they get injured or ill at work.

  • Business interruption insurance: Provides cover for financial losses if your business can’t operate from its premises as normal as a result of a fire, major theft or a flood.
  • Business assets insurance: Provides cover for the things that your business needs to operate, such as computers, mechanical equipment, tools, machines and stock.
  • Goods in transit: This will provide cover if chemicals are damaged, lost or stolen while being delivered by your freight company.
  • Public liability insurance: Provides protection if your chemical business activities kill or injure a member of the public or damage their property.
  • Products liability insurance: Provides cover if an individual suffers damage or injury as a result of a product that you designed.
  • Credit insurance: Provides cover in the event that your clients don’t pay their invoices.
  • Business interruption and supply chain: Many companies operating within the chemical industry are part of a complex structure of supply networks. If there are any issues within this supply chain it can leave your business at risk. With business interruption and supply chain insurance, you can help manage risk from failure, fire, terrorism, product recall, and cyber attacks, all which can potentially cause issues to the operation of your business.

These are just examples of some of the types of chemical insurance policies that we look after at HISL Brokers Limited. As we know that no two businesses are the same, speak to us today to find out which policies will best meet your needs.

What chemical insurance do I need?

As your business operates in a very high-risk environment, there is a need for an insurance policy which will provide some protection for your business in the event of an accident. Can you afford not to be covered? It may be time to consider investing in a policy that secures the future of your business.

When working within the chemical industry you can never be completely certain what is just around the corner. The chances of your business having a serious accident are slim but you should never leave it down to chance. Chemical insurance will help to protect your business from the uncertainties created by working within this industry. Not only can a policy protect your equipment and stock but it can protect your staff and customers from harm.

The cost of chemical insurance

A chemical insurance policy can be tailored to meet your business’ specific needs and requirements. As a result of this, the amount your policy costs you is completely determined on the level of cover that you choose to go ahead with.

It is crucial to ensure that you are properly protected in the event of an incident occurring. With that in mind, at HISL Brokers Limited we will take the time to understand the specific needs of your business and recommend the amount of cover that is best suited to you.

How can I get chemical insurance?

Established in , HISL Brokers Limited are the chemical insurance experts. We understand that your business faces unique risks and challenges on a day to day basis, and that you need bespoke chemical insurance that works for you and gives your business the level of cover that you require.

Give your business the protection that it deserves today – if you want to find out how much peace of mind costs, contact Paul Kerner by calling: (0)20 7220 9020.