FAQ Category: Startup insurance

Most types of business insurance are optional, but Employers’ Liability insurance is a legal requirement if you employ staff, even part-time or temporary. Other covers, such as public liability or professional indemnity, are not legally required but are strongly recommended and sometimes needed to work with certain clients or operate in specific environments.

Protectivity’s Business Insurance does not include cover for intellectual property disputes, such as copyright or trademark issues. The policy focuses on liability protection (e.g. public liability, professional indemnity) and optional add-ons like equipment cover.

Business insurance helps protect new ventures against unexpected costs resulting from claims, accidents, mistakes, property damage, or legal action. It ensures you won’t have to pay these expenses yourself, helping safeguard your finances, equipment, and reputation so you can concentrate on growing your business.

As soon as you begin working with clients, using equipment, or carrying out business activities. Even early-stage work carries risk, and many venues or clients will require proof of cover before you can start.

Yes, you can arrange cover as a sole trader or freelancer without registering as a limited company. You simply need to declare the activities you carry out so the policy can be tailored to your startup.

A change of legal structure means your policy details must be updated. You will need to notify us so your policy can be amended or replaced to reflect the new business entity.

Public liability insurance covers claims made by the public, such as customers or visitors, not employees. If you have employees, you will need Employers’ Liability insurance to protect against claims from staff who are injured or become unwell due to their work.