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Business insurance

Compare business insurance quotes for over 500 professions

  • Compare quotes for multiple professions from beautician to builder

  • Buy business insurance before registering your business

What is business insurance?

Small business insurance is a way to protect your business from financial losses like compensation claims, property damage and theft.

You can tailor your quote and choose from different cover types to meet the needs of you and your business needs.

No matter what type of business you own, it's important you understand the risks your business could face. So you won't be left out of pocket if something unexpected happens.

What does business insurance cover?

Business insurance policies can cover you for property damage, legal liability and employee-related risks, to name a few. The cover level you need depends on the type of business you own. As no two businesses are the same, it’s important that you get a policy that's right for you and covers what you need.

What are the different types of business insurance?

The main types of business insurance include:

Public liability insurance provides cover if a member of the public injures themselves or makes a claim against your business. For example, someone slipping and injuring themselves on a wet floor when there's no wet floor sign.

Employers' liability insurance protects you, your business and your employees if a member of staff makes a claim. For example, a member of staff falling off scaffolding, or an office employee tripping over a cable and breaking their wrist.

Product liability insurance can protect your business if a customer makes a claim against a faulty product you've made. For example, if you're a manufacturer and a customer makes a claim after buying a product from you that doesn't work properly.

Professional indemnity insurance can protect you if someone says you've provided inadequate advice, services or designs to a customer.

Do I need business insurance?

If you employ one or more members of staff, you'll need to have an employer's liability insurance policy in place.

There are lots of other scenarios where you might need business insurance. Different types of businesses need different types and levels of cover.

Here are some examples of what type of insurance you might need for your small business:

  • If you're a mobile hairdresser and you give a customer a chemical burn by accident, they might take out a lawsuit against you. If so, you'd be relieved if you had public liability insurance.
  • If a waiter working at a restaurant slips on a wet floor where there's no sign and breaks their leg, then you might need employers' liability insurance.
  • If you're a shop owner you may want a combination of these products to ensure you're covered. Plus landlords insurance for business use to protect your premises.

Did you know? As an employer, it's your responsibility to protect your business and employees. Visit GOV.UK for more information.

Do I need small business insurance if I work from home?

Since the Covid pandemic, many more people are now working from home and don't have to commute to a workplace.

But even if you work from home, you may still need small business insurance.

If you employ someone else, you'll need to have employers' liability insurance, for example. You also need to think about your customers and your stock.

If customers come to your home, for example, there's a risk they could injure themselves and sue you. Similarly, if you send a product to them that's faulty, they could claim compensation.

What types of small businesses can you insure?

We compare over 500 professions to find insurance that suits your needs. So, whether you're a baker, cleaner, beautician or hairdresser, we can help

You can also buy the following types of policy:

  • Market trader insurance
  • Shop insurance
  • Office Insurance
  • Restaurant or café insurance
  • Painter or decorator's insurance

Market trader insurance is for those with a market stall or food and drink van. It usually includes product and public liability cover with the option to add employers' liability insurance if you need it.

Shop insurance covers physical and online shops and provides cover for your stock, staff, and customers. You can usually add cover for accidental damage, terrorism, business equipment and legal expenses.

Office Insurance covers your office equipment, stock and staff. It covers anything from a flood or fire to an employee or member of the public making a legal claim against you.

Restaurant or café insurance protects your stock, building employees and customers. It's tailored to the specific business type. You'll have public and product liability, plus cover for your stock and the building premises.

Painter or decorator's insurance can cover your equipment on the job or while travelling to it. You can also add optional employers' liability insurance if you employ anyone that's not a family member. Or public liability insurance to cover yourself if there's an accident and someone sues you.

For more information take a look at our guide on small business insurance.

How much does business insurance cost?

Business insurance costs will vary depending on the type of business you're running and the needs of your business, including:

  • The size of your business
  • How many employees you have
  • Your business type
  • The level of cover
  • The excess amount

The size of your business as the bigger your business, the higher the risk of something happening to your stock or staff. Larger companies usually cost more to insure.

How many employees you have. If you hire employees, you'll need employer's liability insurance. The more employees you have, the more expensive it'll be.

Your business type can determine your business' risk level to insurers. If there's a high risk of you making a claim like if you hire lots of staff and own a busy restaurant chain, the price will be more expensive.

The level of cover you choose can impact your insurance costs. The higher the cover level, the more expensive the policy will be.

The excess amount is the sum you'll need to pay if you make a claim. You can often set your own excess amount and choosing a high excess can reduce your monthly payments.

Insurance policies come in packages, offering a range of different cover types and optional extras. It’s important to remember that the cheapest quote isn’t always the best one. It’s about finding the right cover for you and your business.

Is business insurance a legal requirement?

If you have employees, it's a legal requirement to take out employers' liability insurance. Depending on the nature of your business, you may need to take out other types of insurance too. Get a quote to fully understand your business insurance needs.

Can I get business insurance before registering my business?

Yes, you can get business insurance before registering your business. When you buy business insurance, you probably won’t be asked for your company registration number or other registration details.

What do I need to get a small business insurance quote?

To get a quote for your business, you'll need:

  • Your name and address
  • The name, address and nature of your business
  • Whether you are a sole trader or limited company
  • How many employees you have
  • Where you sell to (the UK or abroad)
  • Details about where you sell (in an office/market stall/from home)
  • Where you keep your stock
  • Your projected turnover

Insurers will use these to decide how much to charge you for a policy.

Confused.com Business Insurance is provided by Simply Business. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London EC2V 7NG. Our service is free and compares a range of trusted household names. Confused.com is an intermediary and receives commission from Xbridge Limited which is based on a percentage of the total annual premium if you decide to buy through our website. We pride ourselves on impartiality and independence – therefore we don't promote any one insurance provider over another.