We’re sorry, but you can’t compare quotes with cover for business interruption right now because of Coronavirus. You can still get business insurance though, with a range of cover options.
Business insurance covers your company for financial losses in case anything goes wrong because of your business activities.
It can help towards the cost of compensation claims and legal fees, as well as damage to your property or employee-related issues.
It’s usually tailored to your industry or specialism too.
Protect your business against:
Combined business insurance policies give your company the best protection against unforeseen events, but the cover you need depends on your setup
Covers you in case a member of the public is injured, or their property’s damaged, because of your business activity
PI insurance helps cover the cost of potential legal action if you offer professional advice and expertise to other businesses or clients
Cover for compensation claims and legal fees if a staff member falls ill or suffers a work-related injury. It’s a legal requirement in the UK even if you only have one staff member
Legally speaking, you only need to have employer’s liability insurance to operate as a business. And that’s only if you have one or more employees, so sole traders can operate legally without it.
But that doesn’t mean you shouldn’t get business insurance. Having the right cover will protect your business, staff, clients and the general public from damage and losses.
You don’t want to have to cease trading because of a catastrophe that means you can’t afford to carry on - check out your options and take out appropriate cover.
There are a few different types of business insurance, so you’ll need to choose the right cover for your company
Helps to cover your loss of income if you need to temporarily stop trading, due to an unexpected incident.
This might be something like a fire, flood or break-in that puts your business premises out of action.
Cyber-risk insurance can help to protect your business if your data is breached or you’re hit by an email scam.
Otherwise known as commercial property insurance, this will cover for rebuilding or repairing your premises if it’s damaged by something a fire, flood, burst pipe or vandalism.
This is also called business contents insurance and it’ll cover you for the things you keep in your workplace - for instance, any equipment you use, furniture or tools.
This can cover you for any losses if a customer becomes insolvent or refuses to pay their debt to you.
Key man insurance will cover you for a loss of income if one of your most valuable employees dies or becomes critically ill.
We only need a few details to get you a tailored business insurance quote to make sure you’re properly covered
Things like your address and what type of company you are
Who you’ve got on your books
What type of things you want to be covered for – you can add contents and stock cover, employers’ liability and legal expenses, as well as choose the amount of cover for public liability insurance
Whether you have customers outside the UK
Whether you’ve made any previous claims or have any ongoing legal disputes
Your company’s size and the kind a work you do affect the cost of your business insurance and the level of cover you need. You can choose between combined business insurance or independent liability cover and buy extra cover.
Every business is different, and there are lots of factors that go into calculating the cost of your insurance. Broadly speaking, a business insurance provider will look at:
You can also choose extra cover which will have an effect on the price, things like personal accident cover.
It’s not a legal requirement but having cover in place can protect you if a client doesn’t pay out or any of your stock is damaged. Cyber-risk insurance can also help you out if you’re the victim of malware and cyber attack.
You can get business insurance without a trade licence but you’ll need to make sure it’s valid once you start trading, if that’s a condition of your policy.
Some business contents policies cover tools, equipment and stock, so make sure that the cover you buy is right for your needs. Think about your business requirements, the value of your equipment or stock and whether you might need new-for-old cover in the event of items getting damaged, lost or stolen.
It depends on the type of business you're running, and whether or not you've got employees too.
You might be legally required to have employer's liability insurance, at the least.
Lots of smaller businesses and sole-traders take out public liability insurance to help protect their business from financial loss - particularly if they have customers visiting them, or work on other people's property.
You can find out more in our self-employed business insurance guide.