Business insurance: the basics

One way to decide on the types of insurance your business needs is to look at its structure.

Insurance for freelancing

As a freelancer, business insurance can provide cover when unexpected issues arise.

Examples of this could include your equipment being damaged or stolen, or needing to take time off unexpectedly.

Key insurance for freelancers includes:

• public liability
• professional indemnity
• personal accident
• office, contents and equipment

Insurance for sole traders and self-employed

Being self-employed means you’re solely responsible when things go wrong, so it is necessary to have the right insurance.

Key insurance for sole traders and self-employed includes:

• public liability
• professional indemnity
• employers’ liability
• personal accident
• cyber and data

Insurance for limited companies

While registering as a limited company protects your personal assets from legal claims, it’s still important to have a plan in place to protect your business.

Key insurance for limited companies includes:

• employers’ liability (a legal requirement if you have staff)
• professional indemnity
• public liability
• cyber and data
• office, contents and equipment
• directors’ and officers’ liability insurance

See what insurance does my business need?