Growth & Operations
Essential Business Insurance Guide
Understanding different types of business insurance and what coverage you need.
By Free Business Registration Ltd · 1 min read
Business insurance protects your company from financial losses. Some types are legally required, while others are highly recommended.
In this guide
Legally Required Insurance
- Employers' liability - Usually required for employers, with at least £5m cover; exemptions can apply
- Motor insurance - Ensure appropriate cover for vehicles used on public roads and for business use
- Some professional indemnity - Required by regulators
Highly Recommended
- Public liability - Covers injury/damage to third parties
- Professional indemnity - Covers advice/service issues
- Buildings/contents - Protects physical assets
- Business interruption - Covers lost income
- Cyber insurance - Data breaches and attacks
- Directors & Officers - Personal liability protection
Official guidance
This is general guidance. Check the current official rules and get advice for your circumstances before making tax, legal or financial decisions.