
Business insurance intends to protect your business against unexpected costs and everyday risks, such as accidents, damage to stock or premises, and legal expenses. Think of it as a safety net designed to help your business recover and continue trading if something goes wrong.
We have a more detailed page on this question, so read our business insurance guide to find out more. Alternatively, you could tap the button below and explore your options for a business insurance provider.
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Employers’ liability insurance is legally required if you employ staff, with coverage of at least £5 million. You may be exempt from this if your staff members are family members or are based overseas. Other types, like public liability or professional indemnity, may be required by clients or industry regulators, but aren’t legally mandated unless specified by your profession or contracts.
It’s not legally required, but it can be beneficial. You may need coverage for stock, equipment, client data, or in-person meetings. Home insurance often won’t cover business-related assets or risks, so consider policies like public liability, professional indemnity, or commercial property insurance.Â
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