What business insurance do I need by law?
If you employ other people, including temporary or agency workers, then you need employers’ liability insurance by law. The law also requires you to display your Employer’s Liability Certificate of Insurance where your staff can see it, if you don’t display it you could be fined £1,000 by the Health and Safety Executive (HSE). If you don’t have Employer’s Liability insurance you could be fined up to £2,500 for every day you don't have it in place.
Also if you use vehicles in relation to your work – whether that’s just one car or van to an entire fleet, then you’ll need motor insurance by law with a minimum of third party cover.