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Running a successful business takes hard work and commitment so it make senses to protect your investments with Business Insurance.
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 can help to keep your liabilities, premises, assets and staff covered. We do all the hard work for you by comparing business quotes from our specially-selected panel of insurers to help you find a policy for your needs.
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 can help find Business Insurance for most types of trades including:
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.
Business Insurance can 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.
Business Insurance will 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.
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.
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 choose to take out. For example, a landlord is likely to need a different level and type of insurance to a self-employed beauty therapist.
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, stock, business interruption or goods in transit.
It is likely that you will 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.
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.
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.
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 different types of cover required include: Public Liability Insurance, Tradesman Insurance, and Office or Shop Insurance.
Limited businesses commonly purchase the following Business Insurance products:
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 should also be exempt. If you have one or more staff members then you are required by law to have Employers’ Liability Insurance.