Public liability insurance
In case your limited business is blamed for an injury or property damage.
What’s typically covered by public liability insurance for limited company?
Claims against your business for:
damage to someone’s property, caused by your limited company
injuries caused by your business activities
accidental damage or injury caused by your employees, if you have any
If you do employ anyone, you’re usually required by law to have employers’ liability insurance too.
For example:
you’re running a catering business, and a customer gets food poisoning after eating your products
a customer’s wooden coving gets damaged by your welding business
Read more about public liability insurance
Employers’ liability insurance
In case an employee gets sick or injured because of working for your limited company.
What’s typically covered by employers’ liability insurance?
Claims against your business for:
an employee, including a contractor or casual labourer, suing you after falling ill because of working for your limited company, or
making a claim for an injury they’ve had while working for you
For example:
an apprentice burns their hand while working with you, and makes a compensation claim
a former employee, who broke her knee in your office, raises a claim against you for ongoing complications with her recovery
**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.**
Professional indemnity insurance
In case there’s a claim for loss-causing errors or issues with your work.
What’s typically covered by professional indemnity insurance?
Claims against your business for professional negligence or a loss-causing breach of contract. This can include:
advice which turns out to be incorrect
mistakes in your work that cost others money to fix
For example:
a client misses a deadline in their new product launch, and claims this is due to an error on your part
your limited company receives a claim for compensation, after an employee sends an email containing sensitive data to the wrong recipient
Read more about professional indemnity insurance
Personal accident insurance
In case anyone you’ve covered is accidentally injured, at work or elsewhere.
What’s typically covered by personal accident insurance?
accidental injury or death at or outside of work, for anyone covered on the policy
lost income, medical costs, and hospitalisation benefit
For example:
you sprain your ankle while jogging, and can’t work at full capacity for four weeks
your secretary trips over while working at an event, fracturing their wrist
Read more about personal accident insurance
Contents and office equipment insurance
In case something happens to your fixtures and fittings or operational equipment.
What’s typically covered by contents and office equipment insurance?
accidental damage to your fixtures and fittings, or the equipment you use to run the business
theft, flood, and fire damage
For example:
your business partner drops your laptop from a height, damaging it beyond repair
a flood in your premises damages your furniture and office equipment, which all needs replacing
Read more about business and office equipment insurance
Tools insurance
In case your trade tools are lost, stolen, or damaged.
What’s typically covered by tools insurance?
loss, damage, or theft of your hand tools, power tools, and/or specialist equipment
For example:
your tools are damaged in a flood over the weekend, and you need to replace them for a job the following week
you invest in new tool kits and contents for your team, which are stolen from your locked garage
Read more about tools insurance
Stock insurance
In case something happens to the materials and products you keep in supply.
What’s typically covered by stock insurance?
loss, damage, or theft of your work materials, or items you’re planning to sell
For example:
you own a window installation company and your stock is destroyed in a fire at your garage unit
a large order of food and drink products goes bad when a power surge disconnects your fridge-freezer unit
Read more about stock insurance
Building insurance
In case something happens to your business premises.
What’s typically covered by building insurance?
the cost of repairing damage to the structure of your building (or rebuilding it from scratch)
damage to fixtures and fittings
damage to underground pipes and cables you’re responsible for
For example:
a fire caused by a deep fat fryer causes serious structural damage to your building
your windows and roof are damaged during a storm, and you need to temporarily close the business
What you’ll need additional cover for:
tenants’ improvements – changes to the property’s structure which you’ve organised and paid for yourself, like partition walls or wooden flooring
Read more about business buildings insurance
Own plant insurance
In case your own plant machinery, like a floor sander, is lost, stolen, or damaged.
What’s typically covered by own plant insurance?
loss, damage, or theft of larger equipment like excavators, skips, and sanding machines
For example:
the sanding machine you’ve recently bought is stolen from your works site, and needs replacing
your cement mixers are damaged in a fire
What you’ll need additional cover for:
plant machinery you’ve rented – you’ll need to add our specific hired-in plant cover for this
Read more about own plant insurance
Hired-in plant insurance
In case your rented plant machinery, like an excavator, is lost, stolen, or damaged.
What’s typically covered by hired-in plant insurance?
loss, damage, or theft of things like drilling units and saws which you’ve hired in
For example:
you hire an excavator for a job and your employee reverses into it, causing damage
the saws you’ve hired for a big hotel renovation contract are stolen from your locked garage
What you’ll need additional cover for:
tools and plant machinery which you own yourself – you’ll need to add our specific own plant insurance or tools cover for this
Read more about hired-in plant insurance
Legal expenses insurance
In case you have to pay legal costs connected with your limited company.
What’s typically covered by legal expenses insurance?
legal costs attributed to your limited company
property damage, nuisance, or trespass – specifically, the associated legal claims and compensation payouts
tax and compliance disputes, and investigations you need help with
includes a tax advice helpline, a 24/7 confidential legal helpline, and crisis PR support to help you protect your company’s reputation
For example:
your business hasn’t been correctly registered for tax with HMRC, and you begin to incur legal costs
one of your part-time employees is classified incorrectly as a contractor, and you need to hire expert legal support
Read more about legal expenses insurance
Personal accident insurance
In case anyone you’ve covered is accidentally injured, at or away from work.
What’s typically covered by personal accident insurance?
accidental injury or death at work or elsewhere, for anyone covered on the policy
lost income, medical costs, and hospitalisation benefit
For example:
you break your leg while running at the weekend, and need time away from the business for hospital treatment
an employee, who you’ve covered on the policy, injures her hand on a piece of machinery in your workshop, and needs a few weeks off work for physio and recovery
Read more about personal accident insurance
