PolicyBee provides insurance solutions specifically for small businesses and charities, offering a range of products such as professional indemnity, public liability, and employer's liability insurance.

PolicyBee

PolicyBee | 939 followers on LinkedIn. Professional insurance with a personal touch | We&#39;re an independent, professional insurance broker based in Suffolk. We provide dedicated insurance services and products small businesses, charities and community groups

Nothing too unusual about that you might say - and you&#39;d be right - but you’ll find it’s the way we go about it that sets us apart.

Our website is quick and painless to use and it&#39;s packed with useful, jargon-free information.

CEO of disruptive insurance business dedicated to helping independent professionals access the coverage they need.

Iain Hatfield

Managing Director at DigiBee, IT Director at PolicyBee

David Pitt

Making insurance better for startups, freelancers, small businesses & charities.

Vicky Pont

Financial Director at PolicyBee Ltd

Carina Steenkamp, FCCA

As it’s Halloween, we’ve rummaged inside our creepy crypt of claim stories to bring you this terrifying tale of an architects’ project gone wrong. 👻🦇 Read on if you dare… Meet Sam, an architect of many years’ experience. She was chuffed when she landed a contract to design a ground-floor extension for a client we’ll call Mrs Smith. Sam’s designs were a hit and the delighted Mrs Smith asked if Sam knew someone who could do the building work. So, Sam recommended Bricked Up Ltd – a local company known for its speed and value. Two months later, despite countless phone calls and letters, Sam still hadn’t been paid. Until one cold, blustery day, when a letter from Mrs Smith’s solicitor plopped through the door…a letter that claimed she was suing Sam for negligent advice and for breaching her duty of care. (Blood-curdling scream.)☠️ Turns out Bricked Up had done a runner, leaving the extension half-built and condemned unsafe. And a furious Mrs Smith £50k out of pocket… It’s a scenario that’s the stuff of most architects’ nightmares. Though, fortunately, Sam could claim on her professional indemnity insurance. With her insurer’s help, the claim was settled for £80k – enough to cover the value of the project plus demolition costs. Read on for more hair-raising claims by checking out the links in the comments below. 🕷️ ⬇️ #halloween #happyhalloween

Did you know that half of all UK businesses experienced a cyber-attack or breach in the last year? And that 84% of those were phishing attacks? With these, cybercriminals will often target their victims not once, not twice, but several times. If you’re a small business or sole trader, that’s thousands of pounds you might have to spend on restoring your systems and trying to get your data back. There are other costs to think about too. Like if your clients walk away or if you can’t trade for a while. What if you find yourself on the receiving end of a legal claim? The ICO doesn’t take a round view of businesses who lose their clients’ data… In the event of a cyber-attack or breach, cyber insurance supports you by covering: ✔️ technical experts to investigate any cyber-related incidents and get you back online ✔️ legal support to deal with the ICO and any personal data loss claims ✔️ crisis PR experts to help manage your reputation ✔️ financial support for legal costs and any compensation you might owe. See the comments below for our sources and for more on how cyber insurance protects small businesses. #cybercrime #phishing

It’s daylight saving time, which means one thing for us this time of year: an extra hour in bed. How are you going to spend that extra hour? 🛏️ 😴 #daylightsaving

Why business insurance is like... lasagne. **In our best sumptuous food advert voice... Your insurance policy is made up of different, delicious layers, to cover the various risks your business faces. Imagine your business is the juicy, meaty filling and your insurance is the soft, cheesy pasta blanket keeping you warm and stopping the goodness from spilling out all over the place. We hold it all together, and of course, one doesn't work without the other. A well-thought-out insurance policy and your business go together to create the perfect signature dish.

A hazy mist of confusion often surrounds the question, “What does public liability insurance cover?” It’s easy to work out that it covers members of the public. But harder to imagine who or why. Or the scenarios in which you might have to claim on it. To dispel some of that mist, here’s PL in a nutshell: Public liability insurance protects businesses from third-party property damage or injury claims. From slips, trips, spills, clumsy fingers…in fact, any kind of workplace accident where you or one of your employees is accused of injuring someone or damaging their property. It covers everyone from clients, to contractors, to the postman. Essentially, anyone who interacts with your business in some way. As every business has unique risks, you alone decide whether you need it or not. But before you do, it’s worth thinking about the potential for causing someone serious injury at work. How would you make good on it? And how many thousands could it cost you in compensation and legal fees? Hopefully that’s cleared PL up somewhat. But if you’d like to get deeper under the skin of it, check out the links in the comments below:

Your insurance can feel a lot like poor Moo Deng being assaulted by water. Endless quotes, policy wordings, jargon, and emails. Every part of it making you as irritated and confused as a baby pygmy hippo. It doesn’t have to feel like that, though. A good broker (wink wink) can cut off that annoying water supply and only give you the information you need. In a way that’s easy to understand. So you can be a happy hippo instead. #insurance #moodeng

Not all the UK's bumblebees are yellow. They come in all different shapes, sizes, and colours. Almost like they’re supporters of different football teams. Our resident West Ham fan and account executive Chris reminds us of the Brown-banded Carder Bee. And not just because they like wearing the same colour. Just like the Carder Bee, Chris is adaptable in different environments, showing his expertise across both the new business and existing business team. He even pops up in the IT department from time to time. So not only does he do a great job at helping all our customers, both new and returning, he gives us all a hand when we can’t figure out how to convert a word doc to a PDF. #beeoftheweek

We don't mean to blow our own trumpet, buuuuuuut...

Summer has made way for autumn. It doesn’t all have to be doom and gloom in the face of darker nights and colder mornings, though. The #SchoolofRisk is here to shine a light on dodgy insurance jargon and warm your brain with knowledge. This time it’s… What is underinsurance and how can you avoid it? ⬇️ If you’ve ever bought professional insurance, you’ll probably have heard about underinsurance. Insurers love to warn you about it. But what is it? The simplest way to describe it is not having enough cover in the event of a claim. In practice, it can be a bit more complicated. Let’s look at a basic example. Your business is insured for £100,000. Something goes wrong and you need to make a claim. To settle it, the insurer says it’s going to cost £150,000. That £50,000 difference is underinsurance. Not only are you £50,000 worse off, the insurer can also reduce your payout by the percentage you’re underinsured. This is what’s called the ‘average rule’. In our example, you’re 33% underinsured, so you’d only receive £66,666. Double whammy. How can you avoid it? Simple. Prepare for the worst whenever you buy insurance. Value your contents accurately. And don’t cut corners for lower insurance costs in the short term. Any questions, share them in the comments below. And check out the comments for more information on underinsurance, including examples of different kinds of insurance and how they’re affected. #insurancetips #smallbusiness

We're excited to be sponsoring The VA Conference in Bournemouth today! If you're coming along, please look out for our lovely Cat and Sarah, who'll be giving a talk on VA insurance. Feel free to come and chat with us. #ukvaconference2024 #VAConference #virtualassistant

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