10. Business insurance
This is where we can help! If you’re employing other people, you’ll need employer’s liability insurance by law. This will cover you if an employee becomes ill or is injured through work. If you don’t have employer’s liability insurance you could be fined up to £2,500 per day. There are a few exceptions such as if your employees are family members.
It’s also worth thinking about public liability insurance, this will protect you if members of the public make a claim for an incident that happens on your premises or at events organised by your company. Whilst it’s not a legal requirement, if you deal with the public in any way whatsoever, it’s probably a good idea to have it.
Understanding the ins and outs of business insurance can be tricky – but finding it doesn’t have to be. Just tell us what you need – we make comparing our business so you can get on with running yours. Start a comparison today and just see how much you could save!