Starting a new business is an exciting venture. From refining your business idea to setting up
operations, there’s no shortage of tasks to manage. However, one critical element often left until the
last minute is arranging business insurance. At Channel Insurance Brokers (CIB), we frequently see
startups scrambling to secure cover just before launching—or worse, after they’ve started trading.
Here’s why thinking about insurance early can save you time, stress, and potential setbacks.
1. Be Ready to Trade with Confidence
Delays in securing the right insurance can impact your ability to launch as planned. Whether it’s
public liability, professional indemnity, or business premises insurance, having cover in place
ensures you’re ready to operate from day one. Knowing you’re protected allows you to focus on
building your business with confidence.
2. Protect Your Investment
Starting a business involves significant time, effort, and resources. Without insurance, you risk
losing what you’ve built if the unexpected happens. Taking steps to protect your business early on
helps safeguard your investment and gives you peace of mind.
3. Tailor Your Cover to Your Needs
Rushing to arrange insurance at the last minute can lead to gaps in cover—or worse, paying for
policies that don’t meet your needs. By planning early, you can work with our experts at CIB to
build a policy that’s tailored to your business, taking into account local regulations and unique risks
associated with trading in Guernsey and Jersey.
4. It’s the Law!
Under The Employer’s |Liability (Compulsory Insurance) (Guernsey) Law, 1993 and The
Employers’ Liability (Compulsory Insurance) (Jersey) Law 1973 you need to ensure you have
Employers Liability cover in place. If you start operating without it, you will be breaking the law
and open yourself up to prosecution.
At CIB, we understand the challenges of starting a business in the Channel Islands. As a local,
community-focused broker, we’re here to make the insurance process straightforward and stressfree.
Whether you’re launching a boutique in St. Helier or starting a tech company in St. Peter Port,
we’ll help you secure the right cover to support your journey.
Start your business the right way—speak to CIB today.
If you’re in the process of launching a new venture, don’t wait until the last minute to think about
insurance. Get in touch with our team to discuss your needs and ensure you’re ready to hit the
ground running.