• >
  • Business Insurance

Compare business insurance

Sign up to Superscript's business insurance through money.co.uk and get your first two months free!

  • Flexible and affordable cover that’s tailored to your business 
  • Your choice of cover, including public liability, employers liability and more
  • Get fully protected in less than 10 minutes

Superscript business insurance

money.co.uk exclusive: Looking to save on business insurance?

Get your business insurance through Superscript and you'll get your first two months free!

*T&Cs apply

Business insurance with

* Terms & Conditions

"2 months free" offer is available to any money.co.uk customer taking out a new business policy with Superscript; it will not be granted in conjunction with any other offer, voucher or discount, excluding unique referral codes from our Refer-A-Friend programme which can be used in conjunction with the money.co.uk offer. The "2 months free" offer applies for 2 months only from the inception date of the initial policy.

How to get a business insurance quote

There are three key steps to getting an insurance quote that will suit your business:

Tell us about your business

Start a quote by answering some simple questions about your business, Superscript will build you a quote tailored to the needs of your business

Review your limits

It’s important to ensure the cover offered is the best fit for the insurance your business needs. Check that your cover and the provider’s limits meet your needs

Buy online

Once you’ve reviewed the details, simply complete your purchase for business insurance by monthly subscription. You’ll get your insurance documents in under 10 minutes

What is business insurance?

Business insurance is an umbrella term for different types of insurance policies. It is designed to protect your company against financial risks if you need to make a claim or if one is made against you. This includes legal costs and compensation claims if you’re sued. It may also cover the cost of replacing damaged or lost property.

These policies can cover a range of scenarios, from everyday risks to huge compensation claims. Having the right insurance in place is a good way to protect your work and livelihood, your employees, your customers and your reputation.

What business insurance can I get?

Some of the most common types of business insurance are:

Builders’ insurance, which can keep you and your business safe whether you are a self-employed tradesman or run a business with employees

Public liability insurance, which covers damage caused by your business to a third party or their property. A third party is typically anyone who isn’t employed by your business

Professional indemnity insurance, which covers claims made due to failings in the products or services provided by your company


Employers’ liability insurance, which covers claims made if an employee is injured (or worse) while working for you. This is a legal requirement in the UK

Commercial property insurance, which covers your tools and equipment against flood, theft and fire

Goods in transit insurance, which protects you if someone claims against your business or if a courier loses your goods

Whatever your business needs, our sponsor Superscript can provide a quote. It covers thousands of industries, whether you’re looking for shop insurance, freelancer cover or something else.

What business insurance do I need?

It depends on your business. You may legally be required to take out certain types of business insurance, such as employers’ liability insurance. This is mandatory for businesses with employees in the UK – even if they’re volunteers. It covers compensation claims if your staff are injured or die while in your employment. 

The minimum legal limit of cover is £5 million but most policies include £10 million of cover. You’ll need this insurance even if you only have one employee. The fines for not having employers’ liability insurance can be up to £2,500 per day for every day that you don’t have it.

Public liability insurance isn’t a legal requirement, but it is one of the most common policies taken out by businesses.

This kind of insurance covers third-party injury and property damage caused by your work. If your business inadvertently injured a member of the public or damaged their property, the injured party could take you to court. Public liability insurance covers you for legal costs and compensation claims if you‘re sued. 

Public liability insurance is a good idea if your business involves public interaction. This doesn’t just include public-facing businesses. Travelling to and from a client’s office, for example, or meeting people in their homes as part of your business may mean it’s valuable.

For certain businesses, public liability insurance may be essential. For example, you might need it if you’re a:

  • Private nurse or carer

  • Hairdresser, barber, beauty therapist or personal trainer

  • Builder, electrician or tradesperson

Generally, you need it if you:

  • Visit clients

  • Have clients visit you

  • Go out on business (for example, to meetings)

Some clients might ask for a copy of your public liability insurance certificate before they do business with you. Industry bodies may also require that you have public or product liability insurance in place. 

Before you start in any profession, it’s best to check what cover you need and put the right insurance in place. If you don’t know, check with your professional regulator, professional body or with clients. Discuss the guidelines and requirements before you start work so you’re covered from the outset.

What other commercial insurance should I consider?

Additional business insurance might include: 

  • Cyber insurance (also known as cyber liability insurance or cyber security insurance) is designed to cover risks that come with storing and handling data when running a business. This would include situations such as data breaches, cybercrime and business interruption as a result of a cyber security breach affecting computer systems you rely upon

  • Commercial property insurance can help rebuild or repair your building if it’s damaged by something like a fire, flood, burst pipe or vandalism. This includes business interruption insurance, which pays for lost income due to property damage

  • Business contents insurance covers you for the items in your workplace, such as furniture, tools or equipment

  • Landlord insurance protects you against damage to your rental property and sometimes covers loss of earnings too

These types of insurance aren’t legally required. Equally, clients aren’t likely to demand these insurances before working with you. But extra insurance is a great way of protecting your business.

How much business insurance cover do I need?

The amount of cover you need depends on your situation. The size and type of business you run are important factors, as well as the risk level of your business.  

There’s a balance to be struck. Don’t overestimate how much cover you need and pay more for your business insurance than is necessary. Conversely, if you don’t get enough cover, you could find yourself in trouble if the worst happens and you need to make a claim.

Sometimes your customers, professional body or the law might specify how much business insurance you need. This could be based on factors such as turnover, income, number of employees, the value of a contract and so on.

Think about what kind of things could go wrong in your company and how much it would cost to resolve them. Then consider the legal fees and compensation claims which would follow. Think about what you could stand to lose. For example, how much stock does your business hold? How much would your premises cost to rebuild? Questions like these can help you decide how much cover you need.

Illustration of a man in a suit with a briefcase taking a look at an idea through a magnifying glass to make sure it checks out

How much does business insurance cost? 

Some of the factors that might affect the price you’re offered include:

  • Where your business is based

  • What your business does

  • How long your business has been up and running

  • The size of your business

  • What kind of cover you want and how much coverage you need

  • Your claims history (particularly the past five years)

  • What kind of environment you operate in

  • Whether you work with dangerous materials.

Cost will be a critical factor, but it’s not as important as finding the right cover for your business. By tailoring the policy to the unique needs of your business, you’ll have peace of mind that you’re covered, and you may pay less by only paying for the cover you need.

How to get the best deal on business insurance:

  • Pick a higher voluntary excess: your excess is the amount you must pay when you make a claim. Choosing a high voluntary excess can bring the price of your business insurance down, but make sure you pick an excess you can afford

  • Give accurate values to insurers: take an inventory of what you need to cover with your business insurance. For example, this could include stock, equipment, or your premises. Don’t overestimate and overpay for your policy, but also make sure you have enough cover

What information do I need to give?

To complete a quote for insurance you usually need to supply the following information:

  • Business details such as name and address

  • Business type (sole trader, limited company or partnership)

  • What type of work your business carries out

  • Your business turnover – how much money do you expect to receive for your work? 

  • Whether your business operates solely in the UK or elsewhere as well

  • Details of your employees if you have any 

  • Whether you have cover in place currently – and if you do, your renewal date if known

Depending on what your business does, there may be other information required to get the right cover for your needs. This includes details about any previous claims or ongoing legal disputes.

James Andrewsquotation mark
Making sure your business is safe goes far beyond a padlock on a storage unit. Risks you face include everything from someone suing to an government regulations forcing you to close for months. The good news is there is protection available if you know where to look
James Andrews, Senior Editor, Personal Finance

Business insurance FAQs

Compare another type of business insurance

Explore business insurance guides

See more guides

What is business insurance?

Business insurance is essential if you run your own company, and you could be breaking the law without it. Here is how business insurance works.

More on business insurance

How to insure your business

Whether you are a sole trader or you own a large company, business insurance is a must. Here is why you need insurance and how to get the right cover.

Read more on insuring your business

How to claim on your business insurance

If your business suffers a financial loss, your insurance could cover the cost. Here is what you need to know about making a claim on your business insurance.

What you need to make a claim

Why get business insurance with money.co.uk?

By getting business insurance you could save money on the policy. The best value business insurance will offer you the cover you need, at a price you can afford. Choose a cover plan from the best UK insurance companies and see the online discounts they offer.

Proud to be award winning

We have always aimed to provide the best possible services to bridge the gap between our users and our clients. Over the years, we have been thrilled to be recognised by various prestigious bodies and organisations for those efforts.

stevie award
WMA 2021 Logo-768x632
nba logo
logo dma
ecommerce awards

Last updated: 30 March, 2022