Which types of insurance does your Business need?
Check which types of Business insurance you need, including employers liability, public liability, professional indemnity, commercial property insurance and all other types of commercial insurance.
1. Your dealings with other people
| If . . . | Cover you need | Link |
|---|---|---|
| If you employ other people or control their work, e.g. work experience people or sub contractors | Employers’ Liability* |  |
| If you don’t employ other people, but you are a limited company | Employers’ Liability* | |
| If . . . | Cover you need | Link |
|---|---|---|
| If, in the course of your business, you have dealings with other people – customers, suppliers, or just members of the public – whether at your premises, at theirs, or anywhere else | Public Liability | |
| If, in the course of your business, you handle or simply work near other people’s property | Public Liability | |
| If . . . | Cover you need | Link |
|---|---|---|
| If you supply goods to customers and others - or even if you sell off second hand business equipment | Products Liability | |
| If you provide a professional service to other people | Professional Indemnity | |
2. Your property
| If . . . | Cover you need | Link |
|---|---|---|
| If you own the building that you use for your business | Commercial property insurance: Building | |
| If you rent a building but have insurance responsibilities under the lease – or you have a full repairing lease | Commercial property insurance: Building | |
| If . . . | Cover you need | Link |
|---|---|---|
| If, at your premises, you own the machines, furniture, fixtures and fittings, computers and software, business books and the like that you use for your business | Commercial property insurance: Contents | |
| If. at your premises, you own stock – whether raw materials, work in progress, finished goods or property you hold in trust for others | Commercial property insurance: Stock | |
| If you own laptops, tools, plant or other equipment that you use away from your own premises | Commercial property insurance: Specified Property | |
| If . . . | Cover you need | Link |
|---|---|---|
| If you transport stock (or customer's goods)– whether raw materials or finished goods | Goods in Transit | |
| If you send goods by post, rail, etc, and are responsible for them while they are in transit | Goods in Transit | |
| If you are paid in cash or cheques, or you pay your employees by cash or cheque | Loss of Money | |
| If . . . | Cover you need | Link |
|---|---|---|
| If there was serious damage at your premises, you would lose some or all your turnover – and you would still have to pay for all the fixed costs of the business, like rates, wages etc. | Business Interruption | |
| If there was damage at your premises, you would have to pay for various expenses you hadn’t budgeted for – like renting temporary premises, paying overtime, etc – just to keep the business going | Business Interruption:
Increased Cost of Working | |
| If . . . | Cover you need | Link |
|---|---|---|
| If you are a property owner, i.e. you own a building which you rent out to a tenant(s) | Property: Building | |
| Property Owner’s Liability | | |
| Business Interruption: Rent | |
3. Special events
If you arrange special events that are not part of your normal business (such as charity events), you need to inform your insurer or broker. This is because your normal business description (as shown in your insurance policy) probably won't include the holding of a special event - so your insurance will need to be especially extended. In some cases, the insurer may wish to charge an additional premium.
Find out more . . .
about each type of insurance
about how much insurance you need – limits, sums insured and excesses
about typical minimum premiums that insurance companies charge
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