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Compare business insurance

Protect your business by taking out an insurance policy. Compare companies that could offer public and employers' liability as well as cover for the building and its contents.

7 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
Best Newcomer: Insurance Choice Awards 2019
Superscript Business Insurance
Policies for
IT & Tech, Marketing, Consultants, Trades, Healthcare workers, Creatives & more
Cover options
Buildings, contents, professional indemnity, cyber, D&O, legal expenses & more
Liability options
Public liability up to £5,000,000 & employers' liability up to £10,000,000
Award-winning business insurance for today's risks (Best Newcomer at the Insurance Choice Awards 2019). Pay by month. Adjust your cover as you grow. No admin fees. Immediate access to your policy docs. This is business insurance on your terms.
Available online
Permanent UK Resident
Premierline Business Insurance
Policies for
Tradesman & contractors, Shops & retailers, Offices, Surgeries & more
Cover options
Buildings, contents, business interruption, professional indemnity & more
Liability options
Public & employers' liability up to £10,000,000
Premierline works with some of the UK’s most trusted insurers. Compare and buy insurance online or alternatively, speak to an advisor over the phone for insurance recommendations based on your individual circumstances and requirements.
This is an insurance broker.
Available online
Permanent UK Resident
Prefer to Call? Contact us now on 0800 035 9662
Bionic Business Insurance
Policies for
Shops, Restaurants, Pubs and Hotels, Property Owners, Tradesmen and Construction, Offices & more
Cover options
Buildings, contents, legal expenses, business interruption, goods in transit and commercial property
Liability options
Public & employers' liability up to £10,000,000
Bionic works closely with a range of insurers to find cover that meets the unique needs of your business. We’ll help you understand exactly what your policy includes and translate it into simple language. No hidden extras. No jargon. Just quality cover.
Available online
Permanent UK Resident
Quotezone Business Insurance
Policies for
Tradesman, restaurants, cleaners, instructors, consultants, hairdressers & more
Cover options
Public Liability, Professional Indemnity, Product Liability, Employers' Liability & more
Liability options
Public & employers' liability up to £10,000,000
Compare cheap insurance quotes for your business with Quotezone.co.uk's price comparison service. Use the simple short form to see if you can save time and money on your business insurance.
Available online
Permanent UK Resident

Compare another type of business insurance

Last updated: 18 May 2021

What's business insurance?

Business insurance is a way to protect your company against financial risk due to things that go wrong. It can cover everything, 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.

Some of the most common types of business insurance are called:

  • Public liability insurance/public indemnity insurance - covers damage caused by your business to a third party or their property

  • Professional indemnity insurance - covers claims made against your business's products or services

  • Employers' liability insurance - covers claims made if an employee dies or is injured while working

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

There's more information about these in the next section.

Generally, business insurance covers your legal costs and compensation claims if you're sued. It may also cover the cost of replacing your damaged or lost property.

You might need small business insurance or you might be a large corporation. But whatever you need, we're here to help - whether you're looking for shop insurance, restaurant insurance, or something else. You can compare business insurance using our comparison. We'll help you get business insurance quotes so you can find the right policy for your needs.

What business insurance do you need?

Whether you're a small or large business, you may legally be required to take out certain types of business insurance. This is to protect people who come into contact with your company or its services.

Legally required insurances include employers' liability insurance and commercial vehicle insurance.

  • Employers' liability insurance. You'll need this if you have staff working for you, 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. You'll need this insurance even if you only have one employee. The fines for not having employers' liability insurance can be huge - as much as £2,500 per day that you don't have it.

  • Commercial vehicle insurance. You'll need this if you use a car or van in connection with your business. You'll have to have third party vehicle business insurance as a minimum. But you can choose to have more comprehensive cover to include your own vehicle and protect against fire, damage and theft as well. This will be more expensive, but you may feel it's sensible.

Public liability insurance - or 'public indemnity insurance' - isn't a legal requirement.

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, they could take you to court. But with public liability insurance, you'd be covered for legal costs and compensation claims if you were sued.

Some clients might ask for a copy of your public liability insurance before they do business with you. So it might be essential for you, even though it's not legally required.

Sometimes, it is a requirement of an industry body that you have business liability insurance or product liability insurance in place. They may want you to have business liability insurance or product liability insurance.

Public liability insurance is a good idea if your business involves public interaction - such as a shop, café or salon that people come in and out of.

Public liability insurance is also necessary for some professions. For example, you might need it if you're a:

  • private doctor

  • private nurse

  • personal trainer

Generally, you need it if you:

  • visit clients

  • have clients visiting you

  • go out on business (e.g. to meetings)

But, before you start in any profession, it's best to check what insurances you need. Then you can make sure you have the right insurance in place. If you don't know, you could check with your professional regulator, professional body and clients. Discuss the guidelines and requirements before you start work so you're covered from the outset.

You can get a public liability insurance quote using our comparison. It also includes package business insurance. This includes all the cover you need in one policy. Use the comparison table to find the cover you need at the cheapest price.

What other commercial insurance should you think about?

You might like to get some additional business insurance to help out if your company ever needs it.

The types of insurance below aren't legally required. Equally, clients aren't likely to demand these insurances before working with you. But you might want to have extra insurance as a way of protecting your business. These types of business insurance might include, for example:

  • Commercial property insurance - to rebuild or repair your building if it's damaged by something like a fire, flood, burst pipe or vandalism

  • Business interruption insurance - which pays lost income due to property damage

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

  • Goods-in-transit insurance - protects stock or equipment on the move

  • Professional indemnity insurance/professional liability insurance - protects advice-giving businesses

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

  • Key person life cover - covers you if someone critical to your business dies or develops a specified illness

  • Cyber risk insurance - protects your business if you're subject to a data breach or email scam

  • Credit risk insurance - protects you against losses if one of your customers refuses to pay, or doesn't pay you due to insolvency.

Here's how to find the right business insurance for you.

How does business insurance cost?

When you get a business insurance quote, cost will be a factor in which policy or policies you choose.

Remember that the most important thing is not to find the cheapest business insurance, but to make sure you have the right cover for your business. You'll want to find it for the best price possible, though.

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

  • how big your business is

  • how much cover you need

  • what kind of cover you want

  • your claims history (particularly the last five years)

  • what kind of environment you operate in

  • whether you work with dangerous materials

How to keep the cost of your business insurance down

Here are some tips on getting the best deal you can on your business insurance:

  • Compare as many policies as possible: Use our business insurance comparison to get lots of quotes. This lets you find the cover you need at the best price, and can help you haggle the price of your insurance.

  • Pick a higher voluntary excess: Your excess is the amount you have to pay when you make a claim. Choosing a high voluntary excess can bring your business insurance cost down. But make sure you pick an excess you can afford.

  • Buy your insurance online: Some companies offer discounts for buying business insurance online. But you may need to speak to them on the phone or in person if you run a large business.

  • Pay for your policy up front: Paying by monthly direct debit helps you split the cost of your insurance, but you could end up paying more in interest. That's because when business insurance companies allow you to pay in monthly instalments, they're giving you a loan. If you pay up front in full, most insurers give you a discount.

  • Give accurate values to insure: Take an inventory of what you need to cover with your business insurance. For example, this could include stock, equipment, or your premises. You don't want to overestimate and therefore overpay for your policy. But equally, you do need to make sure you have enough cover.

How much business insurance cover do you need?

This depends on your situation. The size and type of business you have are important factors in this decision. Some businesses are more high risk than others when it comes to what might go wrong.

You don't want to overestimate how much cover you need and pay more for your business insurance than is necessary. But if you don't get enough cover, you could find yourself in trouble if the worst happened and you needed to make a claim.

Sometimes, your customers or professional body - or even 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.

Spend some time thinking about what kind of things could go wrong in your company and how much it'd cost to sort it out. Then think about legal fees and compensation claims in relation to these things.

Also consider what you could stand to lose. For example, how much stock do you hold in your business? How much would your premises cost to rebuild? Questions like these can also help you come to a decision on how much cover you need.

You could talk to a business insurance broker to help with your decision.

What information do I need to share to get business insurance?

After you compare business insurance and choose which policy you want, you'll need to share some details about your business.

These might include:

  • the name of your business

  • your business address

  • whether you have a premises

  • what your business does and whether you deal with members of the public

  • whether you're a sole trader or limited company

  • who you employ

  • whether you hold stock, equipment and tools

  • what kind of cover you want

  • how much cover you want

  • where you trade

  • details about any previous claims or ongoing legal disputes

Business insurance FAQs

About our business insurance comparison

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Why compare business insurance with money.co.uk?

By comparing 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.

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