When it comes to business insurance, we've got you covered. Customise your dream policy by choosing only what you need and nothing you don’t. Tweak your cover for free as your business changes.
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. If you want to adapt your level of cover, no problem! You can do so any time at no extra cost.
10% of Superscript online customers paid £5 a month or less for their business insurance between January and March 2023.
- Customisable cover for all business types
- Pay monthly or annually, it's your choice
- Only pay for what you need
- Covered in less than 10 minutes
- Adjust your policy with no fees
- Five-star claims, UK-based support
Be quote confident
We're big on fairness. So if you find a lower price for a comparable quote, we won't just match it – we'll go one better and beat it.
So even better than apples to apples, apples to better apples. We're talking Galas to Braeburns.
As you'd expect, T&Cs apply.
Cover for businesses, big or small.
There’s no such thing as a one-size-fits-all business insurance policy that covers everyone. At Superscript, we pride ourselves in the flexibility and individuality of our policies, for every type of business that we cover:
- Freelancers - Where flexibility is king
- Limited companies - All the necessary cover for incorporated businesses
- Contractors - Protecting you from risk with each new job
- Sole traders - By your side when you go it alone
- Self-employed - The right insurance for when you are your own boss
- Startups - Insurance cover that helps new companies thrive and scale up
What types of cover do businesses need?
Each type of cover protects a different area of your business from risks that you could be liable for if something went wrong. Most policies consist of one or a combination of the below, but we also have a ton of industry-specific covers that can be added when you're getting a quote.
Public liability insurance
Relevant for most businesses, public liability insurance covers claims to do with physical damage or injury to anyone or anything that doesn't involve an employee.
Employers' liability insurance
If you have employees, employers' liability insurance is a legal requirement. Not having it could result in a £2,500 fine for every day you don't have it.
Business contents insurance
Like home contents cover, but for your business. Our business contents insurance covers you even if you're based at home.
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.
Often overlooked, but a key cover for any business using computers, cyber insurance provides cover for your data, whether you experience a problem due to a cyber attack or an accidental data breach.
Also known as management liability insurance, D&O insurance covers your directors or management team against claims from employees, the public or investors.
For any business that operates in commercial premises, office insurance protects your assets and operations from the risks associated with fire, flood, burglary or any unexpected event at your office space.
Business interruption insurance
Unexpected events can interrupt your regular business activity, so business interruption insurance can protect you against incidents that affect your revenue stream, your stock and your supply chain.
Once you've completed a quote, you'll be able to view a summary of cover. Please always refer to your policy documents for full details around exclusions, terms and limits of your customised cover. Read our guide to understanding your policy documents.
We offer business insurance to over 1,000 industries
From beauty therapists to builders and landscape gardeners to personal trainers, we insure a huge range of businesses, both small and large, as well as sole traders and freelancers.
Many businesses could benefit from the protection and peace of mind provided by business insurance, but here are some of the industries that we cover the most:
So, whether you’re setting up your own salon or expanding your IT consultancy company, start a quote with Superscript today to see how our insurance policies can be tailored to the needs of your business.
What details are needed to buy business insurance?
When getting a quote, we'll ask you for a few details. Understanding what these are and having them to hand will help you get cover quicker.
If you'd like to know more about these details and why we need them, check out our what details are needed to get a quote guide.
When you give us your details, you can either get a quote straight away or, if you're not sure, save your quote for 30 days and come back to it at any time.
Your business type
Are you a sole trader, a limited company or a partnership?
Your main business activity
This means the industry you work in or the main responsibility in your role.
Your estimated turnover
Your turnover is the total amount of money your business receives from sales, without deducting things like VAT or discounts.
If you want to know how to calculate it, read our business turnover guide.
If you conduct business in the USA or Canada
If more than 25% of your business is in the US, and you need cyber, professional indemnity or directors' and officers' insurance, your premium may be higher.
How many employees you have
Whether you have business insurance already
If you already have business insurance, we can email you when your policy expires to set up a new policy with us.
Some personal information
This includes your name, email address and phone number (the last bit is optional).
Common business insurance claims
The types of claims that a business could experience are different for every industry, size of company and type of work. But understanding the types of incidents and accidents that your policy could cover allows you to see how business insurance could help. Here are a few examples of common claims where the business could be liable.
Customer injured on a slippery floor
A customer slips on a wet floor and injures themself, even though you put a wet floor sign down. Public liability insurance could cover the legal and compensation costs.
Employee suffers extreme stress
An employee suffers mental health issues after being in a high pressure environment at work. Employers' liability insurance could cover the legal and compensation costs.
Laptop gets lost on a business trip
An employee misplaces a company laptop while at a conference and the item is not retrieved. Business equipments would cover the cost of a replacement.
Business disruption due to cyber attack
The website that your online business runs on crashes due to a cyber attack on the hosting site. Your cyber insurance would cover the profits lost during the downtime, even the the outage happened at a third-party business.
You make a mistake on some reporting
During a project, you produce a report that has a mistake in it. The company wants to sue you for the costs of rectifying the flaw and the delay to the project. Your professional indemnity insurance should cover this.
A flood occurs at your workplace
Your workplace suffers from a flood. You can't open and your stock is ruined. Contents and stock cover can cover the damage, while business interruption would cover the lost income while you can't trade.
How do claims work?
Notify us of the claim
Ideally this should be done as soon as possible and within 30 days of you becoming aware of anything which you think may be covered by your insurance.
A good indicator of whether or not to let us know is if there's an issue which may require a payment to be made on your behalf.
We'll get on the case
We'll acknowledge your claim within 24 hours, and sometimes in as little as 30 minutes! This means you'll receive email confirmation of your claims reference and contact information should you need to speak to us.
We will then reach out to you within 48 hours to request any extra information we need to progress your claim.
We'll keep you updated on the next steps as the claim progresses.
A decision is made
We'll let you know if your claim is successful or not. If your claim isn't covered, we will always try to point you in the right direction and support you as best we can in getting back to normal.
If your claim is successful, once we have all the documents we need, we will aim to settle claims such as accidental damage, theft and lost equipment within five working days.
Business insurance FAQs
If you’re wondering whether you could go about your business without insurance, ask yourself two things:
- Could I or my business afford to pay the legal fees or compensation costs if someone made a claim against me? Keep in mind that these can be in the thousands.
- Will any of my clients, partners or customers require me to have business insurance? This can be quite common and if you don’t have insurance they may refuse to do business with you.
To learn more, check out our 'Do I need business insurance?' guide.
Business insurance provides a level of protection against the potential financial and reputational losses you could face 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.
There are many different types of business insurance available in the UK. Each of them is designed to protect different areas of your business from risks that you could be liable for. Popular types of business insurance covers include:
- Public liability insurance
- Employers' liability insurance
- Product liability insurance
- Business contents insurance
- Professional indemnity insurance
- Business interruption insurance
- Directors' and Officers' insurance
- Cyber insurance
- Legal protection insurance
We'd recommend having a look at each one to see if it's suitable for you and your business. If you're not sure, don't worry. We'll guide you to the most relevant covers when you build a quote with us.
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. Learn more about the different types of business insurance.
Strictly speaking, employers' liability insurance is the only type of business insurance that is usually a legal requirement in the UK for businesses that have employees operating in any industry, with some exceptions. Other covers are, however, required by certain professional and regulatory bodies.
Yes, you can buy business insurance before registering your business. you can also choose the specific date that you'd like your cover to start in advance of opening your business.
It may seem like a tempting option to save money on insurance premiums that you do not foresee yourself needing. However, insurance cover exists explicitly to mitigate the risk of unexpected events. An expensive lawsuit or loss of stock or data can cripple an uninsured business and is not a risk worth taking.
A lawsuit or loss of stock or data can lead to fees in the thousands, which – if you're uninsured – could damage your business. With this in mind, it's worth thinking about if you could afford not having business insurance and whether it's worth the risk.
Learn more about business insurance
Our insurance 101 guides answer more of your questions around every aspect of cover for your business.
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.
A-rated financial strength
Our insurance products are underwritten by Standard & Poor’s A-rated financial strength or higher. This means the underwriter has been independently assessed by the world’s leading credit rating provider and found to have a strong capacity to meet financial commitments (pay claims).
Protected by the FSCS
If you are a business with an annual turnover under £1m, charity with an annual income under £1m, or trust with net assets under £1m, then you will be entitled to compensation from the FSCS in the unlikely event we cannot meet our obligations. Full details and further information on the scheme are available at www.fscs.org.uk.