What is business insurance?
Business insurance is designed to protect you from the risks associated with running a business. It's a catch-all term to describe a range of covers that protect your business from the risks it faces. Whether you’re a sole trader, running a partnership, or a limited company, you'll want to think about your business's set of risks, and whether you want to cover them.
At Superscript, we’ll help you select exactly what you need. Say goodbye to overspending on cover you don’t need!
- Adjust cover as you grow
- Monthly subscription
- Cancel anytime
- No admin fees
Over 1,000 business types covered. Find yours.
What types of cover do businesses need?
Public liability insurance
Employers liability insurance
Business contents insurance
Professional indemnity insurance
Cover for your professional services. Professional indemnity insurance includes defence costs related to a claim and compensation if your client suffers a financial loss as a result of your professional services.
Business insurance FAQs
There are two key reasons why you may need business insurance. Firstly, could you afford the cost of a large uninsured claim? Secondly, if you're working with other businesses, or clients, they'll often require it.
Business insurance provides a level of protection against the potential financial and reputational losses faced in the event of a claim. It's an umbrella term that covers a number of different types of insurance, all of which provide protection for different risks faced by businesses. These covers include public liability insurance, professional indemnity insurance and employers' liability insurance.
Different types of business insurance available in the UK are:
This depends on the risks your business faces. Common covers that the majority of businesses could benefit from include public liability insurance, professional indemnity insurance, employers' liability insurance, buildings insurance and business contents insurance. Other more specific covers, such as cyber insurance, directors' and officers' insurance and legal protection insurance are also popular choices.
The cost of business insurance generally depends on a number of factors such as industry, turnover, number of employees, location.
Strictly speaking, employers' liability insurance is the only type of business insurance which is a legal requirement for businesses operating in any industry, with employees. Other covers are, however, required by certain professional and regulatory bodies.
Customise your cover
To simplify things, we've categorised our covers into three groups: essential covers, professional covers, and management covers. You'll be guided through these different options during the quotation process.
Boost your cover from £10.08 per month
Authorised by the FCA
The FCA supervises UK financial services firms to protect consumers. We are directly authorised and regulated by the FCA and our Firm Reference Number is 656459. These details can be confirmed on the Financial Services Register at www.fca.org.uk or by calling the FCA on 0845 606 1234.