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We've partnered with MachFast to provide their customers with monthly business insurance.

Insurance for new businesses

Purpose-built, flexible monthly cover. Get a quote in 4 minutes.

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Flexible monthly subscription. No fees to change or cancel your cover.

Why do I need business insurance?


Potential investors will appreciate you having insurance and will consider you a safer bet. You'll always have to take risks, that's what makes you an entrepreneur and founder. But having an eye for the key risks of your business is equally important for investors.

Building your dream team

Time for your first employee? Employers' liability insurance is essential for companies looking to grow, it covers the cost for claims from employees who may have become ill or injured as a result of working for you. Not to mention it's legally required.

First big client

Close to sealing the deal with a potential high-profile client? It's not uncommon for clients to ask about professional indemnity insurance (PI) that covers the service or advice you're supplying. On the flip-side – you should make sure the suppliers you deal with also have PI.

New office and equipment

Could you imagine losing your laptop? Or worse, your phone. Let's not think about it. Our contents and equipment cover can help protect your gear. So you can work more and worry less.

Directors and officers insurance

Directors and officers (D&O) cover, also known as management liability, exists to protect entrepreneurs from the risks associated with running a business. It is available for businesses of any size, whether it’s a small startup or a large organisation.

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.

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 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