If you have any employees, you must have employers’ liability insurance – it’s the law. This covers you for any costs you might face if an employee is injured or becomes ill as a result of the work they do for you
What is small business insurance?
Small business insurance protects you and your business against unexpected costs, like lawsuits, fires, or theft. If you run a small business or a start-up, you might not have the same resources as bigger companies – so if something goes wrong and you face unexpected costs, it could hit you much harder. That’s why insurance is so important – it makes sure that whatever happens in the future, you’ve got an insurer who has your back.
Plenty of insurers offer deals specially tailored to people who run small businesses and start-ups. Some forms of business insurance are legally required, and others are purely optional – but you never know what might happen in the future, so it’s a good idea to make sure you have the right level of cover.