If you you need business insurance, here are some of the best business insurance companies for you to compare.
How we selected the companies for business insurance
These companies were chosen by taking rankings given to them by independent market research organisations. We have not selected business insurance providers that were awarded less than 4 Stars out of 5 Stars.
- Simply Business: Feefo – 4.7 Stars out of 5 Stars
- Hiscox: Feefo – 4.8 Stars out of 5 Starts
- AXA: Feefo – 4.4 Stars out of 5 Stars
- Premierline: Feeto – 4.6 Stars out of 5 Star
Why do you need a business insurance
You need a business insurance to cover yourself from any business liability or risks. It protects business as well individuals who sell services to clients or customers.
Types of business insurance
Public liability insurance
Public liability insurance protects if you are taken to court by somebody for damaging their property or because of any injury support by them.
Professional Indemnity insurance
Indemnity insurance will help you to recover any money that you have to pay out due to compensation claims made against you.
Business interruption insurance
If your business is interrupted so that you are not able to trade because of any reason, then you will get paid to cover this.
This will enable you to pay your business expenses, bills and staff wages. The amount you will get will depend on the cover you take out.
Employers’ liability insurance
If you have employees in your business, then the employers’ liability insurance protects you from compensation claimed by employees because they have become ill or been injured at work or through work.
Additional insurance for you business
If you have a specific type of business or you are a tradesman, you might want to take out additional cover. If you are a tradesman, you might want to insure your tools and equipment. Hence, if your tools get stolen or broken, you will be able to recover the cost.
Working from home and home based business
If you are working from home or your business is based at home. You might have equipment that you need to insure. Talk to your home insurers and ask if they will be able to cover this. Or you can get working from home insurance.
Simply Business provides you with a number of different business insurance policies. They have over 80 000 customers. You can get a quote in minutes.
Whatever type of business you have, from a self-employed cleaner to a tradesman, they can give you a policy to meet your needs.
Although Hiscox is a high end insurer, you can get business insurance at a competitive rate. They provide you supplementary business support through their business support hub.
Hiscox insurance cover a wide range of industries from tradesman to marketing and media companies to sports coach.
With AXA, you can have an easy to build business insurance to meet your needs. They have a variety of business insurance for you to purchase including Public liability, Professional indemnity and Employers’ liability. They also have Contents insurance which you can purchase to cover your workspace, office or shop.
If you are starting out in a business, AXA can provide you with a business insurance cover before you start trading.
Whatever your business is, Premierline has a range of business insurance to cover your needs. Their Business Insurance Finder tool, assists you in finding your cover.
If you have a shop, café or you are self-employed, Premierline has business insurance to cover your needs.
If you are interested in home insurance, read our article, here: Best Home Insurance Companies – UK.
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If you would like more information insurance regulations, go to: Association of British Insurers.