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Business Protection Solicitors

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Business Protection

What is business protection?

Business protection is an insurance contract that supports businesses against financial difficulties and can be provided to partnerships, sole traders, shareholders and certain employees.

Business protection can help business owners to accommodate for any unexpected events that may happen in the future.

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Regulatory and Compliance

What advice do you offer to protect businesses?

Spencer Churchill Solicitors offer specialist advice on different areas of corporate law in order to safeguard businesses:

Data Protection advice

In line with legislation outlined in The Data Protection Act and privacy laws, our commercial solicitors can advise on how to appropriately draft data protection policies and how to store private data.

Failure to comply with data protection law can lead to fines and have devastating consequences for company reputation.

We can assist with making sure that data protection regulations are adhered to.

To find out more information about our data protection advice, contact us.

Corporate Tax

Business protection FAQs

Should I have business insurance?

Business insurance will protect your business against risks that could jeopardise the stability of your company.

It is advised to have business insurance as this will cover your company from theft, damage and legal fees.

Is it against the law not to have business insurance?

The requirement to have business insurance is dependent upon the company but employer’s liability is a legal requirement for most businesses under UK law.

What is the Data Protection Act?

The Data Protection Act (DPA) protects the privacy of data that is held by businesses. This data may contain confidential information about the business, employees and customers

What should I do if my business is heading towards insolvency?

Do not do nothing if you feel that your business may be on the road to becoming insolvent. As a director of a company, you have a duty to take the necessary steps to minimise any loss to creditors or to anyone else involved.

Taking action sooner rather than later when you identify a problem can help you implement the best course of action that might save your business or at least put it in the best position it can be in.