Covers for small businesses
May cover compensation and legal costs if you accidentally cause an injury to a client or any third party – or damage their property in the course of your work.
A legal requirement in the UK for most businesses with employees, whether full or part time. Note that this also includes apprentices.
Designed to cover accidental damage, loss and theft of equipment belonging to you or your employees.
Designed to cover your liability for professional mistakes or problems with your work which result in a claim against you.
This concerns your liability for processing data and costs associated with a data breach or security failure. For example, breach of client confidentiality or privacy.
Directors' and Officers' insurance
For personal claims against those with management responsibilities, including breaching health and safety laws, misrepresentations in a pitch deck, or errors in financial reporting.
Commercial legal protection
Designed to help you cover your business's legal affairs as efficiently as businesses with dedicated lawyers.
Terms & Conditions
The 10% discount is available to any Capital On Tap customer taking out a new business policy with Superscript online; it will not be granted in conjunction with any other offer, voucher or discount, excluding unique referral codes from our Refer-A-Friend programme which can be used in conjunction with the Capital On Tap discount. The 10% discount applies for the life of the policy from the inception date. Subject to eligibility requirements.
Business insurance FAQs
Do I need business insurance?
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.
What does business insurance cover?
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.
What are the different types of business insurance?
Different types of business insurance available in the UK are:
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.
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.
Is business insurance a legal requirement?
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.
Can I get business insurance before registering my business?
Yes, you can buy business insurance before registering 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.