FAQ Category: Business Insurance

Business insurance is designed to protect your business from unexpected risks, such as accidents, legal claims, theft, or property damage, so that you don’t have to bear the full financial cost yourself.

The only legally required cover for most businesses is employers’ liability insurance if you employ staff. Other types (such as public liability insurance) are not legally required but may be strongly recommended or contractually required.

The cost depends on factors like:

• Type of business and industry risk level
• Size of the business (turnover, staff numbers)
• Coverage limits and policy type
• Claims history
• Location

It varies by business type. You should consider the value of your assets, potential legal claims, and industry requirements. Some industries have minimum cover levels set by regulators or client contracts.

Yes, if you’re running a business from home, your standard home insurance usually won’t cover business-related risks. Business insurance can cover equipment, client claims, or liability if a customer visits your home office, likewise, if you visit a client.

Yes—online businesses face risks too. Depending on the services you offer, you may need different types of cover, such as:

Product liability – protection if a product you sell causes injury or damage

Equipment cover – to safeguard the tools and technology you rely on

Professional indemnity – in case advice or services you provide lead to a claim

Public liability – to cover accidents involving customers or the public

The right business insurance can help protect you from these potential financial losses.

Business insurance is designed to protect your business from unexpected risks, such as accidents, legal claims, theft, or property damage, so that you don’t have to bear the full financial cost yourself.

The only legally required cover for most businesses is employers’ liability insurance if you employ staff. Other types (such as public liability insurance) are not legally required but may be strongly recommended or contractually required.

Yes—online businesses face risks too. Depending on the services you offer, you may need different types of cover, such as:

Product liability – protection if a product you sell causes injury or damage

Equipment cover – to safeguard the tools and technology you rely on

Professional indemnity – in case advice or services you provide lead to a claim

Public liability – to cover accidents involving customers or the public

The right business insurance can help protect you from these potential financial losses.

Yes, if you’re running a business from home, your standard home insurance usually won’t cover business-related risks. Business insurance can cover equipment, client claims, or liability if a customer visits your home office, likewise, if you visit a client.