Business insurance Business insurance

When it comes to business insurance, we're bringing flexy back! No yearly commitment, tweak your cover for free and customise your dream policy by choosing only what you need and nothing you don’t.

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Business insurance quote

From£
5.00
per month

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 July and September 2022.

  • Adjust your cover as you grow
  • Covered in less than 10 minutes
  • No admin fees for amending or cancelling
  • Monthly subscription
  • Affordable cover for all business types
  • Only pay for the cover you need

Over 1,000 business types covered. Find yours.

Cover for every business, 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:

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.

Cyber insurance

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.

D&O insurance

Also known as management liability insurance, D&O insurance covers your directors or management team against claims from employees, the public or investors.

Office insurance

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.

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.

Almost every business could benefit from the protection and peace of mind provided by business insurance, but here are some of the industries that use our flexible and affordable 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.

1

Your business type

Are you a sole trader, a limited company or a partnership?

2

Your main business activity

This means the industry you work in or the main responsibility in your role.

3

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.

4

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.

5

How many employees you have

This helps us determine whether you need employers' liability cover or not.

6

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.

7

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?

1

You make a claim

Log in to your online account and go to the ‘Make a claim’ section. There, you can make a claim directly – there's no need to call us.

We'll ask you for some details about your claim, including a crime reference number (if applicable), the date of loss or claim made against you, type of claim and its detailed description.

You can also attach any relevant supporting documentation like proof of loss, proof of purchase, a letter of demand or a statement of claim.

2

We'll get on the case

Once submitted, your claim will be assessed.

If the claim is large, we may need more information from you. Or, if it's small, our team may be able to help settle it within a couple of days (or hours, in some cases).

Either way, we'll keep you regularly updated and you'll be able to see the status of your claim on our customer portal.

3

Your claim is settled

After it's been assessed, we'll let you know if your claim has been successful or not.

If items have been lost, stolen or damaged, we might arrange for the items to be replaced or make a payment to you.

If you’re liable for something we will assist you with legal support.

Business insurance FAQs

Do I need business insurance?

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.

What does business insurance cover?

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.

What are the different types of business 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. The most popular types of business insurance covers are:

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.

What business insurance do I need?

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 here.

How much is business insurance?

The cost of business insurance generally depends on a number of factors such as industry, turnover, number of employees, location. Read more about what affects the cost of business insurance here.

Strictly speaking, employers' liability insurance is the only type of business insurance that is a legal requirement in the UK for businesses operating in any industry, with employees. Other covers are, however, required by certain professional and regulatory bodies.

Can I get business insurance before registering my business?

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.

What are the risks involved in not having business insurance?

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.

Do I need business insurance to work from home?

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.

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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.