Yes, even if you’re the sole director or employee of your limited company, insurance can still protect you. For example, if a client or member of the public makes a claim against your business, you’d be personally responsible for the costs without cover. Insurance ensures that one mistake or accident doesn’t put your business, or your own finances, at risk.
FAQ Category: Limited Company Insurance
Not all types of insurance are legally required. However, if your limited company employs staff (even part-time or temporary), you must have Employers’ Liability Insurance by law.
Other policies, such as Public Liability or Professional Indemnity, aren’t legally required but are recommended to protect against expensive claims and are often requested by clients or venues.
If your business interacts with customers, suppliers, or the public, Public Liability Insurance is highly advisable. It covers claims for injury or property damage caused by your business activities. While not a legal requirement, many clients, landlords, or event organisers will insist you have this cover before they agree to work with you.
Yes, many of our small business insurance policies allow you to include subcontractors, though the type of cover needed can depend on how they work with your business. If they’re under your supervision and using your equipment, they may need to be covered under your Employers’ Liability Insurance. If they operate independently, they may require their own insurance.
Personal liability refers to claims made against you as an individual, often in a private context. Company liability, on the other hand, covers claims made against your business as a legal entity. With a limited company, separating personal and business liability is crucial — but without the right insurance in place, you could still be personally exposed to financial loss.