Business Insurance

Running a successful business takes hard work and commitment, so it makes sense to protect your investments with Business Insurance.

Business Insurance explained

Business Insurance helps to safeguard your business against risks which could result in  financial losses, such as legal action, property damage, or compensation claims.

At Swinton Business, our Business Insurance products could help to keep your liabilities, premises, assets, and staff covered. We do all the hard work for you by comparing business quotes from our our specially selected panel of insurers to try and help you find a policy to suit your needs.

Business Insurance quotes through Swinton

Our experienced team can cater for a wide range of Business Insurance requirements - from tradesmen and shop owners to landlords and small businesses.

We offer the following cover options

We aim to help find Business Insurance for most types of trades, including:

Call us now to get a quote:

0333 035 9524

Business Insurance guide

We understand that running a business takes up a lot of your time, so we’ve pulled together a handy guide to help you learn more about Business Insurance.

What is Business Insurance?

Business Insurance could help to protect your business against risks that could result in financial losses, such as legal action, property damage, or compensation claims.

The three main types of Business Insurance are Employers’ Liability Insurance; Public Liability Insurance and Professional Indemnity Insurance
  • Employers’ Liability Insurance is required by law if you employ one or more staff members
  • Public Liability Insurance helps cover the cost of legal expenses and damages should a member of the public make a claim against you for an injury sustained as a direct result of engaging with your business
  • Professional Indemnity Insurance could help pay for any compensation costs and legal fees where a claim has been made against you for professional negligence or breach of professional duty

Why might I need Business Insurance?

Business Insurance may help cover the costs of specific risks to your business. For example, the cost of repairing or replacing valuable business equipment that has been damaged accidentally or as a result of a break in.

What Business Insurance might I need?

The type of Business Insurance you’ll need is subject to the size of your company and the type of work you do. If you employ one or more staff members, then you are required by law to have Employers’ Liability Insurance. Having Business Insurance in place will give you peace of mind in the event of insurance claims should the need arise.

How much does Business Insurance cost?

The cost of Business Insurance depends on the type of insurance you need and the level of cover you choose, plus any additional insurance cover you decide to take out. For example, a landlord is likely to need a different level and type of insurance to a self-employed beauty therapist.

When is Business Insurance required?

If you employ one or more staff members then you are required by UK law to have Employers’ Liability Insurance. You are not legally required to have other types of Business Insurance, but products such as Public Liability can help to protect you against compensation claims made by members of the public or provide cover for premises.

Might I need Business Insurance to work from home?

You might need Business Insurance if you work from home. This is because your standard Home Insurance policy may not fully protect your business against loss or accidental damage, or any public liability or professional indemnity claims that may arise.

What are the different types of Business Insurance?

As well as Public Liability, Employers’ Liability and Professional Indemnity Insurance, other types of Business Insurance include: Business Equipment Insurance, Fleet Insurance, Commercial Property Insurance, Landlord Insurance, and Tradesman Insurance.

What Business Insurance is required by law?

The only type of Business Insurance that is required by UK law is Employers’ Liability Insurance, which is a legal requirement for businesses employing one or more people either full time or temporarily.

Some occupations, such as accountants, are required to have Public Liability Insurance in place by their regulatory body.

What Small Business Insurance might I need?

The type of Small Business Insurance needed depends on the type of business that you run. Key factors to consider include how you interact with customers, i.e. face to face or online; whether you employ staff members, and whether you have any business assets i.e. equipment or properties that need to be covered. Examples of cover required include: Public Liability Insurance, Tradesman Insurance, and Office or Shop Insurance.

What Business Insurance might I need for a limited company?

Limited businesses might purchase the following Business Insurance products:

  • Property and Contents Insurance
  • Directors’ Insurance
  • Office Equipment Insurance

Do I need Employers' liability insurance?

You don't need Employers’ Liability Insurance if your limited company has just one employee, who owns 50% or more of the share capital (i.e. you). If you are a sole trader and do not employ anyone, or you only employ close family members, you may also be exempt. If you have one or more staff members, then you are required by law to have Employers’ Liability Insurance.

Call us now to get a quote:

0333 035 9524

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