Business Insurance from £9.80/month

What does business insurance cover?

Business insurance is a bundled policy combining the core covers most UK firms need: public liability for third-party injury and property damage, employers' liability (legally required if you employ anyone), professional indemnity where you give advice or design, plus property, contents, stock, business interruption and cyber tailored to your trade. Premier Insurance has arranged business cover for UK SMEs since 1983 across more than 280 trades, from sole traders to multi-site groups.

Public and employers' liability

Public liability (typically £2m–£10m) covers claims from members of the public, clients or third parties who suffer injury or property damage as a result of your business activities. Employers' liability (£10m statutory minimum) is a legal requirement under the Employers' Liability (Compulsory Insurance) Act 1969 for almost every UK business with staff — including labour-only sub-contractors and many "self-employed" workers HMRC and the HSE treat as your employees.

Professional indemnity and product liability

Professional indemnity covers claims that your advice, design or professional service caused a client financial loss. It is mandatory for regulated professions and increasingly required by commercial contracts in IT, marketing, consultancy and design-and-build. Product liability covers injury or damage caused by goods you manufacture, supply or sell — usually written alongside public liability under a single combined limit.

Property, contents, stock and business interruption

Property covers buildings (or tenants' improvements if you lease), contents covers fixtures, fittings and equipment, and stock covers raw materials and finished goods. Business interruption covers lost gross profit and additional cost of working after an insured event — sized to an indemnity period long enough to rebuild and re-stock, typically 12, 18 or 24 months depending on trade.

Cyber, tools, goods in transit and add-ons

Most modern business policies sit alongside cyber insurance for ransomware and data-breach exposure, tools cover for trade-based businesses, goods in transit, money, legal expenses and personal accident. We size each section to the trade rather than selling a one-size template.

Common questions about business insurance

Is business insurance a legal requirement in the UK?

Employers' liability is legally required for almost every UK business with staff, at a £5m statutory minimum (£10m is standard market). Public liability, professional indemnity and other covers are not legally required for most trades but are routinely required by clients, landlords, contracts and regulators.

How much does business insurance cost?

Premiums depend heavily on trade, turnover, staff count and claims history. A sole-trader consultant might start around £9.80/mo for basic PI + PL, while a 20-staff construction firm with plant exposure can sit in the four-figure-monthly range. We benchmark across 200+ insurers rather than quoting from a single panel.

Can I buy public and employers' liability separately?

You can, but for most SMEs a combined business policy is cheaper and avoids cover gaps at policy boundaries. Combined cover also means a single claim notification, one excess and one renewal date.

How quickly can cover be in place?

For most standard SME risks we can present terms within working hours and arrange cover the same day once you accept. Non-standard, high-hazard or large-turnover risks typically take 24–72 hours while underwriters review the proposal.

For a tailored business insurance quote, call 020 8908 2426, message WhatsApp 07954 331362, or request a callback.