business i - Business Link in the South West

Liability insurance

Business owners and employers have a legal responsibility towards customers, employees and the public - who can hold your business liable for damage or injury should you breach your legal duties. Your exact liability insurance requirements depend on the nature of your business. Do you employ people? Does the public visit your premises? Do you sell products, knowledge or skills?

Find out more about Liability Insurance

Insure people, life and health

Insurance to cover injury, illness or death provides protection for your business and also represents a key benefit for employees. Liability insurance is compulsory and your level of responsibility depends on your business and its operations. Other protections available include life, accident, health, medical, income protection and critical illness insurance.

Find out more about Insuring people, life and health

Insure your business and assets

Business premises. Most standard insurance policies cover buildings and premises for a number of risks including fire, explosion, malicious damage, storms or floods. Always check policy details carefully to confirm what’s covered. If you’re a tenant, speak to your landlord about your insurance responsibilities.

Contents insurance. Business owners can choose between ‘replacement as new’ or ‘indemnity insurance’ (the latter deducts depreciation when claiming). Business interruption insurance covers loss of profit or increased overheads resulting from unforeseen circumstances such as flood or equipment breakdown.

Specialist insurance. Specialist insurance ranges from motor and travel insurance through to professional indemnity, commercial legal cover and insurance for home based workers. To learn more about the different types of general insurance and ensure you get the right cover, read the guide Insure your business and assets

Further resources

To help get the right insurance for your business, the following resources may help.

Interactive tool - Get the right insurance for your business

Guide - Choose an insurance adviser and present your risk