A guide to small business insurance

As a business, making sure your company is insured and fully protected in an event of an incident can be a daunting task – especially when some business insurance policies are required by law.

Determining what small business insurance cover you will need will depend on the nature of your company and its trading operations. The main types of insurance cover that small businesses need is listed below:

Public Liability Insurance

Public Liability Insurance is the most purchased small business insurance policy. If your company engages with clients or encounters with members of the public, Public Liability Insurance covers your business in the event of a third party (such as a member of the public) is injured, or their property damaged, due to your negligence.

Employer’s Liability Insurance 

Employer’s Liability Insurance is an important small business insurance policy to consider, and for companies with employees, is a legal requirement. Employer’s Liability Insurance helps to safeguard the financial security of your business and covers your company against injury claims or illness suffered by employees working for you.

Professional Indemnity Insurance

Professional Indemnity Insurance is a small business insurance policy that should be taken into consideration if your business gives advice and guidance to others. Professional Indemnity Insurance would cover the cost of defending your company in the case that a client or individual suffers a financial loss or other damages because of advice your business provided.