SME Insurance, also referred to as SME Package Insurance, is a Commercial insurance policy specifically designed to protect small medium enterprises from the most commonly occurring risks under one convenient “umbrella” or product. These typically include Property Insurance (covering buildings, contents, stock, equipment etc against material damage, loss or theft), Liability Insurances (Workmens’ Compensation, Public Liability, Products Liability), Money (whether on the premises or in transit), Goods in Transit (items being transported by road between locations such as a shop or warehouse), Employee Dishonesty & Personal Accident to name the main lines.
Some Insurers also offer dedicated, specialist policies catering for specific industry segments, such as Education, Healthcare clinics and Retail insurance cover. These policies operate on a package basis but include a suite of insurances to suit the unique operational/trading needs of these businesses.