Surprising Business Situations That Require Insurance

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Written by Michael Foote, founder of Quote Goat, has over 13 years experience working in the finance, insurance and currency sectors.

Insurance is always a big part of running any business, with the obvious areas being professional indemnity and employers liability. There are many times when you find you need to have insurance just in case, and a good entrepreneur will know instinctively to always keep aside a little in the budget for any necessary insurance needs. Many of these occasions and situations will be perfectly obvious, but there are also going to be times when a business needs insurance in some less common or more surprising situations. In this post, we are going to look into some of those very scenarios. Here are some examples of when you should consider finding some insurance for the protection of your business.


Businesses can have many reasons to need to film a video, and when this happens there is quite a lot to consider. You might need to create a video as a means of marketing a new product, for example, or it might be a case of producing a training video for your in-house staff. Whatever the underlying need, the actual filming process itself is one which might well need a little protection. One of the primary forms of protection to consider here, of course, is insurance. Video production can run into the same problems as any other project (albeit fewer with the professionals on board) and you might feel that having insurance behind you will make it feel much safer on the whole.

Corporate Events

You are probably already aware of the number of corporate events that a lot of businesses can get through even in the space of a year. The truth is that there are so many of these that you really need to think about protecting the people on the day itself. There are a number of routes to take to ensure this, and it will all need to be thought about when you are planning each event in question. It’s a good idea to have security on the day and so on, and of course taking out day insurance will mean that everyone is safer and the business’ assets are also better protected. Many people often overlook insurance in these circumstances, so make sure you are not one of them.

Training Sessions

Many types of training are necessary in order to keep your employees in the best possible state to work, and to keep in line with the law. But how much effort do you normally put into ensuring that these sessions themselves are as safe and well looked after as possible? The truth is that having a little insurance on those occasions might well help you to feel as though your people, your premises and your business are much better looked after and more thoroughly protected. Strangely, this often leads to those training sessions being all the more effective as well, as everyone will feel safer in the process.

As long as you know when to have insurance, you will find that every aspect of running your business is made much more secure and much safer. Bear this in mind and you will be on the right approach to your insurance.