Business insurance: the basics

Introduction

Getting the right insurance is essential for any new business. 

You're legally required to have some types of cover - such as motor insurance or employers' liability compulsory insurance if you have staff.

It's a sensible business decision to insure your premises, fixtures, fittings, equipment and stock against disasters such as fire, flood and theft which could prove highly damaging to your operations.

Some businesses may also want to consider insuring against legal liabilities and buying life and health cover for staff.

This guide sets out the insurance required by law and the other types of cover a new business may require. It also explains how to get advice from a broker and gives details of insurance for homeworkers.

Subjects covered in this guide

• Introduction
• Get the right insurance for your business needs
• Insurance you must have by law
• Insure against common business risks
• Liability and professional indemnity cover
• Protect your people with insurance
• Insurance for businesses set up from home
• Reduce your risks and premiums

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