Page 22 - Market Times October 2024

22 MARKET TIMES • OCTOBER 2024
Is business insurance really worth it?
MEMBERS of the NMTF will be aware they automatically receive the following insurance covers as part of their mem- bership:
•Public liability protection up to £10million
•Product liability up to £10million •Employer’s liability up to £10million •Cover for costs in representation before
HMRC, including PAYE and VAT disputes. For those members needing additional cover, there is FedInsure, an insurance scheme designed exclusively for NMTF members which offers market and street traders, events retailers and mobile caterers specialist cover for stock, goods in transit and property (equipment), with the option to add business interruption, deterioration of stock and specified all risks to cover any
higher value equipment.
Premiums can start from as little as £243*,
dependent upon where the member trades and the limits required.
But here’s a direct question to members:
Why should you buy business insurance?
Well, because your business is your livelihood.
What if you suffered a fire at your stall or your storage facility and lost all or part of your stock? Would you have the funds to replace what you had lost? FedInsure provides cover for stock at a limit that is determined by you, giving you complete peace of mind.
What if you are based in a market hall or fixed premises and suffer a theft of your contents and stock?
FedInsure has you covered and is specifically designed to compensate following a theft.
What’s more with FedInsure you can select Business Interruption protection, which not only covers your estimated gross profit, but also up to £100,000 of cover in the event that an incident in the vicinity of your market means that it is unable to open and you are unable to trade.
Unexpected things can happen, so instead
DOUGAL WATERS PHOTOGRAPHY LTD/GETTY IMAGES
Specialist insurance for NMTF members
of asking is business insurance worth it, the question should be, is it worth not having it?
Premierline is here to make the process of protecting your business, and your livelihood, as smooth and easy as possible.
Get the cover you need for your business today by calling Premierline’s team of UK- based insurance advisors who will ensure you get the right solution at a competitive price.
To get a quote, simply call the FedInsure team 0330 1026 157 or arrange a call back by visiting: www.nmtf.co.uk/fed-insure today.
*Annual premium quoted excludes Insurance Premium Tax and Administration Fee.
FedInsure is a trading style of NMTF Ltd which is an Introducer Appointed Representative of Premierline, which is a trading name of Premierline Limited, registered in England and Wales under company number 4521167. Registered office: Lancaster Business Park, 4 Mannin Way, Lancaster, LA1 3SW. Premierline Limited is authorised and regulated by the Financial Conduct Authority and is covered by the Financial Ombudsman Service. Premierline Limited’s FCA registration number is 304779. NMTF Ltd and Premierline Limited are not part of the same group.