Business Insurance

Small business insurance quotes, such as public liability from Get Indemnity™

Compare insurance for small businesses to help protect your company from unexpected financial costs, such as public liability insurance, employers liability, and professional indemnity.

 Business Insurance from the Willis Towers Watson Network

Compare affordable business insurance from the best commercial insurers

It's prudent to compare cost-effective business insurance quotes from the best commercial insurers to ensure the cover meets your needs. Public liability, product liability, employers’ liability, professional indemnity, in addition to stock, equipment and buildings, are just some of the policy covers we can arrange as a Willis Towers Watson Network Broker.

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What types of business insurance do we need?

The type of business insurance you need will be determined by several factors, however your company activites, and workplace are the most important. For example, if you operate a warehouse, your needs are different compared to a business operating from an office.

Finding the best small business insurance that helps protects against personal injury, sickness, legal liabilities, property damage, theft, business interruption, legal costs and expenses, customised to your needs can seem difficult.

However, it's worth spending the time to consider your exposures with a broker because getting the right type of company protection (such as public liability) is one of the most effective ways to manage unexpected costs.

Which business liability insurance is a compulsory legal requirement?

There are very few compulsory business insurance covers required under law. However, that does not mean you shouldn't consider additional commercial insurance policies such as public liability, product liability, cyber coverage, or damage to equipment, stock, or building coverage, to help protect your company's financial interests.

Get affordable and tailored commercial insurance coverage to help protect your specific company needs

Get indemnity™ tailored business insurance quotes for your company can cost as little as £220 per year or £18.33 a month

Undertake a small business insurance comparison with a specialist brokerage

As a digital insurance broker, we can help small business owners to medium sized companies with less than £100m turnover review their commercial business insurance. By comparing your existing coverage against alternative quotes from the market, we can save your company money. Below are just a few of the liability and property covers available to protect against compensation claims and property damage.

Choose the right small business insurance policies to help protect your company from unfounded allegations

Talk to one of our expert brokers to select the best types of company insurance to help meet your needs

What does small business insurance cost and how can we save money on our renewal?

How insurers calculate your business insurance cost will vary from one insurer to the next. Each provider will have a unique method for calculating your premium dependent upon several risk and premium rating factors.

Premium calculation

Company activities, turnover, split between countries, number of employees, annual wage roll, percentage paid to subcontractors, location of your company or work, type of premises, type of work undertaken, are just a few rating factors that could impact the affordability of your premiums.

Average cost

The average business insurance cost will be dependant upon your industry type. For example, an office based risk will have very inexpensive employers and public liability, compared to a construction company which may be required to pay thousands of pounds.

Save money

Working with an agent or broker will provide access to many more competitive commercial insurers that can accommodate your company needs and provide savings, however it's worth remembering the cheapest policy does not necessarily mean the best.

Why you need a business insurance broker?

Business insurance brokers can help both small and large businesses customise their insurance coverage so that you do not have any gaps in cover or onerous exclusions on the policy which could leave you exposed.

As a commercial insurance brokerage, we can offer guidance and support, while also providing access to the best company insurance companies that have the best record for paying valid caims.

It's important to get customised business insurance because if the cover may not meet your needs you could be left exposed to future liability claims that could have significant financial consequences.

 Get customised business insurance quotes

Other commercial insurance policies purchased by companies

There are numerous types of coverage available to help mitigate the risk of a financial shock. Companies should consider what commercial insurance would best protect their interests with an expert. We recommend you read: Do you need an insurance broker? 

 Business interruption insurance

Business interruption

Business interruption insurance will help protect against the loss of income from being unable to trade because of an insured event (i.e., fire damage).

 General liability insurance

General liability

General liability insurance can help protect your company against claims arising from injury or property damage in the courts of your business.

 Commercial vehicle insurance

Commercial vehicle

Commercial vehicle insurance can offer protection for your commercial cars, vans or haulage vehicles against damage and third-party liability.

Looking for small business insurance? Talk with one of our experts about customising your coverage

Need help finding business insurance which meets your needs, give us a call

Frequently asked questions

How much business insurance should we buy?

The amount of coverage you decide to buy could have a significant impact on the future of your company. A review by the Financial Conduct Authority revealed 40% of SMEs could be underinsured. If a 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.

Does the cheapest policy represent the best value for money?

As a business owner you should seek to protect against the maximum possible loss, as opposed to seek to make small savings on your premium. Policies can be complex and undertaking a review with a broker can assist you with identifying the best cover at the most affordable premium.

Is public liability insurance a legal requirement?

Public liability insurance is not a legal requirement. However, because it protects your company against property damage and personal injury of persons other than your employers, it is one of the most commonly purchased covers.

Do we need professional indemnity insurance?

Professional indemnity insurance needs to be purchased by individuals, companies or tradesman selling their skills and knowledge based on their experience or qualifications. Accountants, architects, engineers, surveyors, and solicitors are just some professions that will buy a professional indemnity policy.

Do we need product liability insurance?

Product liability insurance is commonly purchased by companies which design, manufacture, or supply products to their customers. The coverage will protect against claims arising from injury or property damage because of a fault with a product you have provided.

Do we need cyber insurance?

All companies should consider buying a cyber insurance policy, no matter their size or industry. With greater reliance on technology, companies will typically hold more sensitive data and are dependent upon their IT systems to operate. Additionally, cyber coverage can offer access to specialists should a cyber attack or data breach occur.

Should we combine our business insurance with one provider?

Premium savings can be made on policies such as commercial combined insurance by bundling coverage with one provider, such as public liability, employers’ liability, and product liability, alongside property and building cover. However, you may find in some instances that by separating coverage between different insurers may be more affordable.

What type of workers means we need employers liability insurance?

As soon as you have PAYE employees or workers you are legally required to obtain coverage. However, the policy will typically extend to anyone working under contract, including volunteers.

How many commercial insurance providers are there?

There are over one hundred commercial insurers in the UK, with only a handful that work directly with the consumer on a B2C basis (i.e. AXA, Hiscox and Markel). The vast majority will only provide their policy coverage through agents or brokers.

What are your top 3 tips for arranging business insurance?

Getting the best business insurance cover can be challenging because the contracts are complex financial instruments that you don't wish to read from start to finish. We recommend that you 1) Talk to an insurance agent who can offer their expertise, 2) Give yourself time to review your options, and 3) Obtain competing quotes to ensure you are purchasing the most cost-effective cover.

What types of companies do you work with?

We work with a wide range of companies and sole traders, from contractors, shops, couriers, commercial property managers, to architects, engineers, and consultants. Please get in contact and we can discuss your individual needs.

Can you provide business insurance internationally?

We can help businesses with their insurance program where the top company (or parent company) is registered in the UK. These businesses can trade internationally, and have subsidiaries internationally. Each policy coverage would need to be considered individually, for example if you have employees in a foreign country you will be required to purchase employers liability insurance locally to meet your legal requirements in that country. Whereas, covers such as directors and officers insurance, product liability insurance and professional indemnity insurance, will typically be purchased once for all your international operations.

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