General insurance protects you and your assets from the financial risk of something going wrong.

It can’t stop something happening, but if an unexpected loss occurs that is covered by your policy it means you are less likely to:

  • raid your savings or your investments
  • borrow money, ask family or friends for financial help
  • sell your assets to pay for repairs, building or outstanding debts.
  • rely on assistance from governments and community groups that usually only help in disaster situations

Most people are willing to pay an insurance premium to protect things such as their home and its contents, their car, boat or caravan. Business owners will usually arrange insurance to protect assets and stock, and to provide financial help if they face legal issues.