Small business insurance: A quick guide for UK SMEs
Type of cover | Is it legally required? | What does it protect? |
|---|---|---|
Employers’ Liability | Yes, if you employ staff | Claims from employees who become ill or injured through work |
Public liability | No (but often expected) | Injury or property damage involving customers or the public |
Professional indemnity | Sometimes required by regulators | Claims relating to professional advice or services |
Business contents | No | Equipment, tools, and office contents |
Cyber insurance | No | Data breaches and cyber incidents |
Business interruption | No | Loss of income if operations stop unexpectedly |
Type of cover | What it protects | Example |
|---|---|---|
Public liability | Claims from members of the public for injury or property damage linked to your business activities | A customer slips on a wet floor in your shop |
Professional indemnity | Claims from clients who believe your advice, service, or work caused them financial loss | A client claims your design work led to a costly mistake |