Commercial Services at KGJ
Commercial insurance and financial services can provide peace of mind to business owners and investors whilst allowing businesses to build credibility and trust with their customers and partners. The right insurance policy will help mitigate risk by transferring some of the liability to the insurance company, helping to avoid or reduce the financial impact of unexpected events.
The insurance marketplace can be confusing, and finding the right policy among the thousands on offer is daunting and time-consuming, not to mention full of unnecessary extras, exclusions and get-out clauses. KGJ is here to provide expert advice and commercial insurance broking services, helping business owners to navigate the maze with over five decades of experience at their side.
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We are a fully independent insurance broker, beholden to no insurance company, and are here to help and protect you with our tailored insurance coverage. Find out how we can help you.
Our Commercial Financial Services
Company Pension Schemes
Company pension schemes are designed to help employees save for their retirement by making regular contributions to an investment fund that grows over time.
Death in Service Policies
This benefit provides financial support to an employee's loved ones during a difficult time and can be an important factor in attracting and retaining talented employees.
Inheritance Tax Planning
By structuring affairs in a tax-efficient manner, business owners can ensure that their estate is passed on to beneficiaries in the most cost-effective way.
Tax Planning for Directors
Directors can ensure they are making the most of available tax breaks with tax-efficient pension contributions, investment opportunities and remuneration packages.
Succession planning involves developing processes for the transfer of leadership and ownership of a business, or other assets from one generation to the next.
The aim of corporate investment is to generate a return on the company's cash reserves, which can be used to fund future growth or pay dividends to shareholders.
Why Choose Us?
Our services are trusted by clients across a range of commercial businesses of all sizes, designed to secure them against the financial losses associated with unintended and unforeseen circumstances.
Our reputation is built on our ability to seek out the insurance policy that best suits the needs of each client, unfailingly putting their best interests first, every time.
We are not cowed or influenced by insurance providers into supplying their policies, and can give clear, honest information on complicated topics, ensuring our clients always walk away happy.
KGJ offers a highly personalised service from a trained adviser. If anything goes wrong with your insurance policy, we will be by your side, ready to help whatever happens.
We’ve been privileged to provide our services to many different clients over the years. Here’s what just a few of them have said about working with KGJ.
You Have Honestly Been so Fabulous
I just wanted to say thank you so much for all your help, You have honestly been so fabulous and made the whole process so easy and so much less stressful. Thank you so much 🙂
Caroline has always been very helpful when I have needed advice.
I Will Have no Hesitation in Recommending KGJ and Anna
I would like to place on record my appreciation of Anna Burford’s efforts last Friday on my behalf. Due to pick up a new 1 litre Ford Fiesta from the dealers we called my insurer to do what we thought would be a simple task-change the car over. We were told that CIS could not insure the new car! They offered a ridiculously high price with another insurer. My husband called you and spoke to Anna who found out what we needed and quoted a much cheaper premium,which we accepted. I was able to drive my new car away safe in the knowledge I was covered. I now have my documents which are all OK. I will have no hesitation in recommending KGJ and Anna. Many thanks again.
I Trust You and Would Highly Recommend You to Others
Thank you for helping me out with my mortgage. I was in a very stressful situation but from the beginning you managed to make every decision an easy one. I seemed to bombard you with the simplest questions but you always had time for me and made it very easy to speak to you. You even went out your way to resolve any worries I had (I am a big worrier) and you kept me up to date at every stage. I trust you and I would highly recommend you to others (I already have). I can’t thank you enough. With sincere gratitude.
I'm Always Delighted with the Service
I’ve used KGJ as my insurance broker for over ten years, and I’m always delighted with the service they give. It’s so refreshing to be able to speak to a real person on the end of the phone who you feel does get to know you and your individual requirements over time. It may be a little more expensive than one of the Direct Line / Tesco / Compare the stuffed animal type of insurance companies… but it is worth every penny to have someone on your side when you need them.
My husband and I recently engaged the services of Jim Bodycote, KGJ’s financial advisor. As we requested, Jim undertook a full review of our pre-existing personal pensions. Having chatted about our future plans for our pension pots and carried out assesments to determine our acceptable level of investement risk, Jim went on to make sound recommednations for our pension plans going forward. We found Jim to be professional, knowlegeable in his field of expertise, friendly and very importanly, information was relayed to us jargon free. Follow up service has also been excellent. I would certainly recommend Jims services to others.
We have Received a Good Return on our Investments
Eight years ago we found ourselves in need of financial advice regarding investing our severance pay Jim Bodycote at KGJ was recommended by a friend . We find him very friendly, professional and approachable and he has given us sound advice always showing patience with our concerns and questions and we have received a good return on our investments.
Ian and Kim
Helpful, Knowledgeable, Thorough and Nothing is Ever Too Much
John is super professional and really trusted by our family who he has been advising for years. He is always very helpful, knowledgeable, thorough and nothing is ever too much of an ask. You know with John that he will give you the best possible advice and recommend what is most suited to your needs at the time. He along with the team at KGJ are brilliant!
Safe and Trustworthy
KGJ has looked after our business’s commercial insurance needs for many years. We have remained loyal to KGJ as we have always received a reliable service, good advice, and competitive products. We feel in safe and trustworthy hands with Stuart Pearson and all the team at KGJ.
We Don't Know What we Would do Without Him...
John has been our adviser for many years, not just for general financial advice and support but on many and diverse areas such as wills, pensions, investments, insurance, mortgages etc. Both for us and other members of our family. We are amazed by the quick response to enquiries, the virtual counselling and family advice and Johns lovely humour. Nothing is too much trouble. We trust John and admire his confidentiality when he is dealing with other members of our family who he also advises. In fact we don’t know what we would do without him.
Simon and Janni
We were fortunate to find KGJ soon after our move to Stourbridge in 1999 and we have been pleased by their efficiency and the quality of their advice. Financial advice and planning from John Donnelly has, in particular, been exemplary. John brings clarity and a down-to-earth approach to the assistance he gives, not to mention a good sense of humour. We know he will always respond promptly to questions or concerns and we feel able to trust that he will always give the best advice he can. John also looked after the payroll and pensions for the charity we worked for.
Jane & Kevin
Patient, Kind and Super-Efficient
John has been our financial advisor for a number of years, in fact, not only finance but in other areas as well, such as retirement, will’s and insurance. He is knowledgeable in many areas, patient, kind, friendly and super-efficient. We would not hesitate to recommend his services to friends and colleagues (and have done so on many occasions).
What Is Commercial Insurance?
Commercial insurance is a type of insurance policy that businesses purchase to protect themselves against financial losses from unexpected events or incidents that can occur during their operations.
Obtaining the right policy is vital to manage risk and meet legal requirements, but it can be difficult to decipher what cover you need. There are a myriad of different commercial insurance policies available, each covering different risks that businesses may face, from public liability insurance to professional indemnity insurance, and beyond. For example, businesses with employees will legally be required to cover their employees if they suffer a workplace injury.
Our helpful team can assist in finding the right commercial insurance policies for you, if you need commercial property insurance, or maybe key person insurance , each one highly customisable to meet the unique needs of your business, designed to cover a range of risks, such as property damage, liability claims and business interruption.
There are many different types of commercial insurance policies that businesses can purchase to protect themselves against a variety of risks. Some of the most common types of commercial insurance policies include:
- Public and Products Liability Insurance: This type of insurance covers businesses against claims of bodily injury and/or property damage. It is often considered a foundational policy for businesses of all sizes and types.
- Property Insurance: This covers physical assets such as buildings, equipment, inventory/stock and supplies against damage or loss from fire, theft or other covered perils.
- Business Interruption Insurance: Coverage for lost income and other expenses incurred when a business is unable to operate due to a covered event, such as a natural disaster or equipment failure.
- Professional Indemnity Insurance: This is coverage for businesses that provide professional services, protecting against claims of negligence, errors or omissions.
- Commercial Motor Insurance: Coverage for vehicles owned or used by a business.
These are just a few examples of the many types of commercial insurance policies available. The specific insurance needs of a business will depend on various factors, such as its size, industry and risk profile. However, it's always best to consult with one of our commercial insurance specialists to determine the appropriate coverage.
If you are looking to obtain commercial insurance, the best way is to speak with one of our commercial insurance specialists. With their support, you can receive expert guidance on what type of coverage would best suit your business’s needs and determine how much coverage will be required.
The first step in securing commercial insurance is to have a detailed analysis of your business's risk profile by one of our commercial insurance specialists. This will enable you to choose the most appropriate level of cover for your unique circumstances and budget. When working with KGJ, it’s during this consultation that our specialists will clearly explain all aspects of the policies, including exclusions and limitations.
Once a suitable policy has been selected and agreed upon, it is important that premium payments are kept up to date, as failure to do so could result in cancelled cover.
Finally, reviewing existing policies regularly helps to ensure adequate levels of cover, as well as making sure that premiums remain competitive. This can be achieved through regular contact with your experienced adviser from KGJ.
Choosing the right commercial insurance for your business can be a complex process, but there are some key steps you can take to help ensure you get the coverage you need. Here are some tips:
- Assess Your Risks: Identify the risks that your business faces, such as property damage, liability claims and business interruption. Consider the size of your business, the industry you are in, and the specific risks that are unique to your operations.
- Determine Your Coverage Needs: Based on your risk assessment, determine the types and amount of cover you need to adequately protect your business. Consider the costs of potential claims and the level of risk you are willing to assume.
- Consider a Package Policy: Many insurance companies offer package policies that combine several types of coverage in one policy. This can be a convenient and cost-effective option for many businesses.
- Review Your Policy Regularly: Business risks can change over time, so it's important to review your insurance coverage regularly and make adjustments as needed. Make sure your coverage is keeping up with changes in your business, industry and the overall risk landscape.
- Consult With an Insurance Professional: An independent insurance broker can help you navigate the complex world of commercial insurance and provide guidance on the best coverage options for your business. Get in touch with the experts today.
By taking these steps, you can help to ensure that you choose the right type of commercial insurance for your business and protect your assets against a wide range of risks.
There is no general legal requirement for businesses in the UK to have commercial insurance. However, some types of insurance are required by law or by professional bodies or trade associations, including:
- Employers’ Liability Insurance: Under the Employers’ Liability Act 1969, businesses in the UK that employ one or more people are required to have employers’ liability insurance. This insurance provides coverage for employees who are injured or become ill because of their work.
- Motor Insurance: If your business uses vehicles, you are required by law to have motor insurance that provides coverage for third-party injury or damage.
- Professional Indemnity Insurance: Some professional bodies or trade associations may require members to have professional indemnity insurance to cover claims of negligence or errors and omissions in the provision of professional services.
In addition to these requirements, many businesses choose to purchase commercial insurance to protect against a range of risks, such as property damage, liability claims and business interruption. If you’re looking to protect your business from any unforeseen circumstances, it’s important to consult a commercial insurance specialist to find the best policies to suit you.
Reducing commercial insurance premiums is a goal for many businesses, but it can be difficult to know where to start. Thankfully, there are steps that you can take and resources available that can help.
One of the best ways to reduce your commercial insurance premiums is by working with a commercial insurance specialist. A commercial insurance specialist will assess your current situation and then work with you on creating a package to cover your needs.
It’s important that all potential saving opportunities are identified so they can then be quantified early on before implementation begins. Once these numbers have been established, actionable goals may become clearer in regards to lowering associated costs related to the commercial insurance premium acquisition process itself.
Other Main Services
Saving for the future can bring a great sense of stability and peace of mind to your financial security. Ensuring you obtain honest, professional and tailored advice when investing your money is an essential process that the experts at KGJ will provide.
KGJ provides individuals with personal insurance across a wide range of services. With a collective 100 years of experience across our dedicated personal insurance department, whatever cover you need, we will be by your side throughout.
Timely pension planning is fundamental to a happy and fulfilling retirement. Choosing the right pension scheme from the bewildering number available is vital for your financial wellbeing – and KGJ is here to ensure you secure the right scheme for your specific needs.
Taking out a mortgage is probably one of the most significant financial decisions most of us will ever make. Ensuring you get the right mortgage is essential for your sense of financial well-being and peace of mind – and KGJ is here to help.