Compare Business Insurance

Benchmark UK business insurance quotes with get indemnity to ensure you purchase the most appropriate cover

Compare business insurance quotes

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There remains an abundance of insurers willing to compete to underwrite your business insurance.
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We can access the wholesale market as a specialist business insurance broker.
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Compare quotes for small business insurance online (less than £100m turnover).
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Complete our digital on-boarding process and we can identify a range of business insurance quotes.

Business Insurance Brokerage

Compare necessary and cost-effective types of company insurance to mitigate your risk

When companies face risks that have the potential to cause significant financial distress but the probability of the event occurring is low, business insurance provides an effective means to spread the cost and reduce the financial impact.

Business Insurance FAQs

  1. What is business insurance?
  2. Why use a business insurance broker?
  3. Why purchase business insurance online?
  4. Compare types of business insurance:
  5. Why use an online application?
  6. What insurance is required by UK law?
  7. Are we currently underinsured?
  8. How to compare business insurance quotes?


What is business insurance?

Business Insurance includes a range of covers designed to offer companies protection against financial losses in the event of an unforeseen event. Also known as commercial insurance or company insurance.

Below we provide an insight into purchasing insurance for business and offer general advice to UK companies.

 

Compare business insurance quotes with digital tools

Compare business insurance quotes from the wholesale insurance market with our digital on-boarding process to benchmark your existing cover.


Why use a business insurance broker?

In the wholesale insurance market, there remains an abundance of insurers willing to compete to underwrite your business insurance.

In what is commonly referred to as a ‘soft market’, the customer has greater choice and negotiating power because supply outweighs demand.

As a business insurance broker, we maintain the knowledge and expertise to identify a range of insurance solutions to meet your needs.


Why purchase business insurance online?

As a digital insurance broker, we have combined the efficiencies of technology with the knowledge and experience of insurance professionals.

At get indemnity our customers can consider a range of insurance options designed to meet their individual requirements.

Our simple online process allows your organisation to compare business insurance quotes from a number of highly rated specialist insurers.

Potential cost savings can be achieved by comparing your existing business insurance renewal against quotes from the wholesale market.

To obtain your tailored business insurance quotes, please complete our online application.


Compare types of business insurance:

Your business activities, size and risk appetite are just some of the factors that will indicate what insurance best meets your needs. Detailed below provides a simple guide to potential risks your business my face and compares the insurance available.

 
What would happen if… Business Insurance: What the coverage does:

A customer requests financial compensation for a mistake in the offering of a professional service.

> Professional Indemnity

Protects your business against legal costs incurred in defending the allegation; and damages from any award or settlement.

The business is faced with insolvency and creditors pursue legal action against the directors.

> D&O Insurance

> Management Liability

Protects insured persons against legal costs incurred in defending the allegation; and damages from any award or settlement.

The Crown prosecutes your business for corporate manslaughter as a result of management failures.

> Corporate Legal

> Management Liability

Protects your business against legal costs incurred in defending the allegation.

A customer claims for compensation after slipping on a wet floor at your business premises and causing a serious injury.

> Public Liability Insurance

Protects your business against legal costs incurred in defending the allegation; and damages from any award or settlement.

An employee claims for compensation after falling at work and causing serious injury.

> Employers Liability

Protects your business against legal costs incurred in defending the allegation; and damages from any award or settlement.
An employee claims for damages arising from unfair dismissal and workplace harassment.

> EPL Insurance

> Management Liability

Protects your business against legal costs incurred in defending the allegation; and damages from any award or settlement.

You discover a trusted employee has been stealing hundreds of thousands of pounds over the last several years.

> Crime Insurance

> Management Liability

Protects your business against financial loss from the theft of property, money or securities by an employee.

A fraudster pretending to be a supplier reports their bank details have changed and payment is sent to the wrong account.

> Social Engineering Fraud

> Crime Insurance

Protects your business against financial loss from the theft of property, money or securities as a result of social engineering.

A hacker breaches your business’s electronic security and steals personal information.

> Cyber Insurance

Protects your business against financial loss arising from security and privacy breaches. Can include first and third-party losses.

A product that your business manufactures or sells causes injury to a customer and they claim for financial compensation.

> Product Liability

Protects your business against legal costs incurred in defending the allegation; and damages from any award or settlement.

Your business premises, machinery and stock were destroyed as a result of an insurable event? (i.e. fire, flood or storm).

> Property Damage

Protects your buildings and contents (including options for stock and computer equipment) against loss or damage from a range of insured perils.

Your business was unable to trade as a result of an insured peril.

> Business Interruption

Protects against the loss of income from being unable to trade as a result of the insured peril (i.e. property damage from a firm, flood or storm).
A group of retirees bring an action against the business and its trustees for a breach of fiduciary duty.

> Pension Trustee Liability

Protects your business, pension plan and trustees against exposures resulting from the management of the pension plan.
A tenant causes damage to your property's fixtures and fittings.

> Property Owners Insurance

Protects your buildings and contents against loss or damage from a range of insured perils.
There is a fire at your construction site and works you have completed have been destroyed. > Contractors All Risk

Protects the work in progress on a construction site in the event damage occurs as a result of an insured peril.

A vehicle accident occurs with one of your drivers at fault. > Business Fleet Insurance Protects from an accident causing damage or injury. Comprehensive cover will provide for damage to your car, van or haulage vehicle.
One of your employees becomes sick and is unable to work. > Business Health Insurance Protects the health of your employees if the unexpected occurs. Mixed levels of cover available according to budget and business requirements.
 

The above guide identifies the most commonly purchased business insurance policies for private companies, limited liability partnerships and non-profit organisations. Additional covers are available upon request.

At get indemnity we maintain the knowledge and expertise to compare business insurance quotes for any transferable risk. 


Why use an online application?

At get indemnity we offer a digital platform to present your risk information to a number of highly rated specialist business insurers.

Your business insurance quotes can typically be offered within 48 hours, offering greater choice and better decision making.

The digital on-boarding process has been designed with our customers in mind, only recording material information to promote competition between insurers.

Our online application is integrated with data held by third parties to reduce the information burden on yourself and to validate information for the underwriting process.

As a UK & London insurance broker we have access to range of underwriters with the capacity to provide flexible and tailored business insurance solutions.


What insurance is required by UK law?

Compulsory business insurance in the UK includes:

  • Employers liability insurance must be purchased as soon as you become an employer, with a minimum of £5 million Limit and from an authorised insurer.
  • Business fleet insurance or vehicle insurance must be purchased if you drive your car, van or haulage vehicle on UK roads, with third party insurance a legal minimum. Offering cover if you have an accident causing damage or injury to any other person, vehicle, animal or property.
  • Professional Indemnity insurance must be purchased if you operate within a regulated industry that requires minimum amounts of cover.

As a business insurance brokerage, we can assist you in identifying which products you are required to purchase. Please contact us to discuss further.

Liability principles such as ‘duty to defend’, ‘indemnification’ and ‘long-tail liability’ are discussed within our business liability insurance page.


Are we currently underinsured?

Does your company insurance provide sufficient protection in the event of a claim? A thematic review by the Financial Conduct Authority in 2015 revealed 40% of SMEs could be underinsured, leaving themselves exposed to a significant financial shortfall.

If the claim exceeds the maximum amount payable under your policy, or you don’t have adequate protection that meets your needs in the event of a financial loss, you are deemed to be underinsured.

Zurich offers a comprehensive Guide to Underinsurance with the aim to spread awareness of this common oversight and potential impact.

Allianz have written an article called SMEs: Overbalancing and Underinsured identify that customers who undervalue their small business insurance in a calculated way to reduce their premium, might be surprised at how little they ‘save’ and how costly a loss could impact their company.


How to compare business insurance quotes?

Complete our online application to compare business insurance quotes from the wholesale market. With access to numerous insurers across the UK, we can save on your business insurance cost while offering the protection you require.

As a digital insurance broker for business, we have the capacity to identify the most appropriate insurance to meet your needs.

Note business insurance definitions and exclusions vary, therefore it is worth considering the terms and features to understand what cover best meets your requirements.

Online business insurance cost comparison

Simply compare business insurance quotes online


This guide is for information purposes and based on sources which we believe are reliable, the general risk management and insurance information is not intended to be taken as advice with respect to any individual circumstance and cannot be relied upon as such.