April 3rd, 2019.



If you’re new to the world of business insurance, then it can all seem a bit complicated. From professional indemnity to public liability, directors and officers, to cyber, there is a lot of new lingo to get your head around.

But you’ll be pleased to hear that it isn’t as impenetrable as it might initially seem. Here we’ll give you the lowdown on the insurance policies that you require as a small business, those you should consider, as well as some tips on what to think about when buying.

Are there any policies that I must have for my small business?
Yes, if you are a small business that employs staff, then you are legally required to have employers’ liability insurance (EL). EL will protect you if one of your staff, or a former staff member, claims they suffered an illness or injury as a result of their work for you. If that happens, EL will cover any legal and compensation costs that you face as a result. You can also be fined £2,500 by the Health & Safety Executive (HSE) for every day you aren’t properly insured.


For the full story at smallbusiness.co.uk CLICK HERE.