SME & Startup Business Insurance

When you are first starting your own business it can be difficult to know what insurances you need. Our small business experts are on hand to help you getting up and running with your startup business insurance.

We have packaged products or can sell them individually depending on your needs.

We appreciate that you may have never bought insurance for a business before and have compiled a guide to getting started.

The type of business insurance you require will differ depending on:

– The size and type of your business
– What cover is required by law
– Your insurance budget.

Below we have broken down the key areas of business insurance and summarised each section.

Public Liability: The minimum level of Public Liability cover is £1m; the amount of cover you require is dependent on your type of business, you may also find some of your contracts will stipulate a minimum amount.

Products Liability: Like Public Liability, the minimum level of cover is £1m and the level of cover required is dependent on the type of products you deal in.

Employers Liability: Do you employ one or more employees? If so, it is a legal requirement to have Employers Liability insurance.

Professional Indemnity: Professional Indemnity provides cover for claims brought against you due to your professional negligence.

Building/Premises: Buildings Insurance cover will cover the costs associated with repairing and replacing the building, including demolition and clearing.

Contents: Contents Insurance will provide cover against the loss or theft of your business contents, such as office equipment, stock, fixtures and fittings, plant, machinery etc.

Business Interruption: Business Interruption Insurance (also known as Business Income Insurance) provides cover against the loss of income/profits in the event of an insured peril.

Goods-In-Transit: Goods-In-Transit provides cover for companies that are involved in the transportation of goods, products or money.