What is business insurance?

Business insurance is a type of insurance designed to protect a business from financial losses caused by unexpected events such as property damage, legal claims, theft, or business interruption.

It helps ensure that a business can continue operating or recover financially after an incident.

Do i need business insurance?


Business insurance can help you:

  • Running a business comes with risks. Business insurance helps protect your finances, reputation, and operations so that unexpected events do not severely disrupt or close your business.

  • You pay a premium to an insurer, and in return, the insurer provides cover for specified risks. If a covered event occurs, you can submit a claim and receive financial support based on the terms of your policy.

Cover the rising cost of expenses

  • Business insurance gives you peace of mind, allowing you to focus on growing your business with confidence.

  • You pay a premium to an insurer, and in return, the insurer provides cover for specified risks. If a covered event occurs, you can submit a claim and receive financial support based on the terms of your policy.

Business insurance FAQs

Frequently asked questions

What types of business insurance are available?

  • Public liability insurance
  • Employer’s liability insurance
  • Professional indemnity insurance
  • Business interruption insurance
  • Commercial property insurance
  • What does public liability insurance cover

    It covers claims if a third party is injured or their property is damaged as a result of your business activities.

    What is employer’s liability insurance?

    It covers claims from employees who suffer injury or illness due to their work for your business.

    What is professional indemnity insurance?

    It protects your business if a client claims they suffered financial loss due to your advice, services, or professional work.

    Does business insurance cover theft?

    Many policies can cover theft or vandalism of business property, stock, or equipment, depending on the cover selected.

    How is the cost of business insurance calculated?

  • Type of business
  • Size and turnover
  • Security features
  • Number of employees
  • Location
  • Security features
  • Level of cover required
  • Claims history