Professional indemnity
In case a client loses money because of your advice, services or designs.
What’s typically covered by [TRADE] professional indemnity insurance?
Claims against your business for:
mistakes in the advice you give, which lead to a financial loss for your client
errors in your certification services that mean a client loses out financially
negligence in your advice or services that becomes costly for your client
For example :
you lose a client’s important documents or data and they claim for financial losses
you publish a false statement that damages a person’s or business’s reputation
you need to pay to fix a mistake or compensate your client following a dispute
Read more about professional indemnity insurance
Public liability insurance
In case your business and products cause an injury or property damage.
What’s typically covered by public liability insurance?
Claims against your business for:
damage to someone’s property, caused by your work
an injury or illness caused by your business activities
certain accidental damage or injuries caused by your employees
For example:
you accidentally knock a shelf of products onto the floor while working on a client’s premises, which break and need replacing
you leave a trailing cable outside your premises, causing someone to trip and injure their back
an accident happens at your premises and someone is injured because of your work
**If you do employ anyone, you’re usually required by law to have employers’ liability insurance too.**
Read more about public liability insurance
Employers’ liability insurance
In case anyone gets ill or injured while working for your business
What’s typically covered by employers’ liability insurance?
Claims against your business for:
an injury to someone you employ, including contractors and temps, that happens as a result of working for you
a member of staff (including casual workers) falling ill due to your business
**Employers’ liability insurance is required by law if you have people working for you. Without it, you could be fined up to £2,500 a day for each employee.**
For example:
one of your employees falls down some stairs in your business premises, and makes a claim against you for chronic shoulder pain
a temporary employee traps their hand in a door at your premises, causing several fractures
a member of staff trips on a ledge on their way to a meeting, injuring their hip
Contents insurance
In case something happens to your fixtures, fittings, or operational equipment.
What’s typically covered by business equipment insurance?
Claims against your business for:
destruction and damage of your contents equipment, such as furniture or photocopiers
cover for flood or fire damage, plus theft and vandalism
For example:
some of your business equipment, including a printer, is damaged by a fire
several TV screens you use for virtual meetings are stolen by thieves
an upstairs leak in your premises causes damage to the sofa and chairs in your reception area
Read more about business equipment insurance
Business legal insurance
In case you’re hit with legal expenses connected to your business.
What ’s typically covered by business legal insurance?
Claims against your business for:
VAT disputes
theft of your company’s identity illegally
compensation under data protection legislation
For example:
HMRC is investigating your VAT affairs, triggered by seemingly incorrect figures on your return
a fraudster steals your company’s bank details and buys goods to set up a new line of credit with banks or retailers
a client is claiming you didn’t process their data in accordance with GDPR, and is seeking compensation
Read more about business legal insurance
Personal accident insurance
In case anyone you’ve covered is accidentally injured, at work or off-duty.
What’s typically covered by personal accident insurance?
Claims against your business for:
accidental injury or death at work or elsewhere, for anyone covered on the policy
lost income, medical costs, and hospitalisation benefit
For example:
you twist your ankle while exercising and can’t work for over a week
one of your employees, who’s named on the policy, traps their hand in a car door and needs to rest it for two weeks
you’re working near a building site and an extremely loud noise results in sudden hearing loss
Read more about personal accident insurance
Excess insurance
In case you need to make a claim on your insurance policy.
What's typically covered by excess insurance?
Claims made by you for:
when you make a claim on a cover included in your business insurance policy, you won’t need to pay excess
For example :
after a heavy storm you need to make a claim on your building cover – you don’t have to pay the £250 excess thanks to your excess insurance
a leak in the bathroom causes a guest to slip and injure themselves and thanks to excess cover, there’s no excess to pay on the claim
a tenant’s suitcase scratches the wooden flooring in your hallway – you won't have to pay any excess on your accidental damage claim
