Business Insurance
Insurance is an important consideration for any UK-based small business, whether you run a busy consultancy firm, local architect office or hair and beauty salon. Buying the right policy allows you to focus on what you do best, while we look after your everyday risks. Get a quote tailored to your workplace needs in minutes with Hiscox.
Online quote in 5 minutes
Get a quote
Why choose Hiscox to protect your business?
1
Flexible cover from £9.30 a month*Our small business insurance quotes start at £9.30 per month and we’ll work with you to find tailored cover
*Figures based on an average of all business insurance policies sold to at least 10% of our customer base between February 2022 and February 2023
2
Business SupportHiscox business insurance goes above and beyond, providing access to supplementary information and support through the Business Support Hub and CyberClear Academy
3
Award-winning service
Proud winners of the Feefo Platinum Service award, Hiscox is rated 4.8/5 by real customers on Feefo over the past year, with 3331 total reviews
Let us show you how we can help protect your business
What is business insurance?
Business insurance, also known as commercial insurance, is a tailored policy designed to safeguard small businesses against certain losses and risks that can emerge during the normal course of business activity.
With Hiscox, there are several types of cover to choose from, including professional indemnity, public liability and employers’ liability insurance, as well as specialist policies for your office contents, and to help in the event of a cyber-attack.
Bespoke business insurance policies can prepare you for the unexpected such as disruptive data loss, compensation claims or specialist equipment damage and protect your firm should things go wrong.
Do I need business insurance?
UK companies that employ staff may need to hold a certain type of business insurance – employers’ liability insurance – by law. Other policies, such as public liability cover, can offer invaluable reassurance and protection.
Business insurance is there for anyone and everyone who provides a professional service and might be at risk of having a claim brought against them.
Our policies can help a wide spectrum of businesses, start-ups and mid-size firms with headcounts as high as 100 when faced with claims of negligence, defamation, accidental breach of confidence or intellectual property infringement. Other types of commercial insurance can help to recover your IT systems and safeguard property and specialist equipment.
From slips and trips to workplace illness, even if you and your business are not at fault, costs can start to add up without a policy in place.
Tell us about your business – We’ll build your quote and explore your insurance needs
Build my coverWho we cover
Hiscox offers specialist cover for all kinds of companies, from new micro-businesses to family enterprises and growing SMEs, across a wide range of industry sectors.
Sole traders, consultants and the directors of limited companies can all benefit from our commercial covers.
In fact, Hiscox business insurance can support UK-based firms that trade with tools as well as those dealing in services, professional advice and knowledge. This means gas and heating engineers can benefit from our products, as can recruitment consultants, management consultants and marketing and media agencies.
Whether you’re a hands-on sports coach or a well-versed educational consultant, it’s possible to find the right business insurance products for your needs when you generate a quote.
We even create customised small business insurance cover for more unique needs, such as home tutors, publishers and charities. Together we can create a policy to suit your business.
You can choose covers that protect you if:
- Someone in your business makes a mistake that costs your client time and money
- You use intellectual property rights like a trademark without permission – it’s easy to do without realising
- You or an employee makes false or damaging claims about a person that you thought were true
- You accidentally share sensitive client information without realising, or without permission
We insure over 400,000 businesses, based on the number of policies sold in 2021.
Types of business insurance cover
Professional indemnity
Professional indemnity insurance is there to offer protection and support if you or an employee are alleged to have been negligent, or if a client believes you got something wrong that led to financial or reputational damage. We’ll be there to help with compensation costs and legal fees so you can get on with running your business.
Learn more about professional indemnity insurance.
Public liability
Public liability insurance protects you and your business if someone claims their property has been damaged, they were injured or fell ill because of you or one of your employees. Whatever you do for a living, accidents can happen, and they're not always directly related to the job. If a customer, courier or passer-by makes a claim, a public liability insurance policy covers any legal and compensation costs.
Learn more about public liability insurance.
Product liability
Product liability insurance provides an extra layer of protection as part of your public liability cover. If someone complains about a product you’re involved in, whether your company designed, manufactured or sold the product, you’re protected against any costs. Product liability cover might be especially important in the retail and technology sectors and Hiscox can build it into your public liability cover.
Learn more about product liability insurance.
Employers’ liability
Employers’ liability insurance may be a requirement under UK law for most business groups. It makes sure you’re protected if an employee is injured on your premises or becomes ill and they claim it’s because of something that happened at work. As well as full-time employees, you might also need cover for part-time staff, volunteers and casual helpers. An employers’ liability insurance policy minimises disruption by helping with the costs of defending or settling a legal claim. Employment practices liability is slightly different and protects the managers of a business against employee claims.
Learn more about employers’ liability insurance.
Cyber and data insurance
Cyber and data insurance could be especially important for anyone who uses data – including computer programmers and marketing professionals. Any business can face a cyber-attack and it can take time and money to put things right – that’s what our cover is there for. Cyber cover can also protect against claims arising from data breaches and crime. Some businesses can also add optional cyber business interruption cover. Depending on your annual turnover, this may help with costs if your business can't operate because of a cyber event.
Learn more about cyber insurance.
Personal accident insurance
People power is everything for the UK’s small businesses and particularly for micro-businesses including start-ups. That’s why personal accident insurance could be so important – if you or an employee is unable to work due to an accidental injury, we’ll keep your business healthy with up to £250 per week. If a serious accident affects your livelihood, this type of cover also pays out a lump sum. It helps you safeguard against the ultimate ‘what ifs’.
Learn more about personal accident insurance.
Hiscox can also provide other types of commercial insurance, including legal protection cover and office and contents insurance. Taking out specialist insurance can be a good idea in some fields. Find out more about what we cover.
We can build your business insurance quote and explore your cover requirements
Build my coverWhy Hiscox Business Insurance?
Why choose Hiscox? Because when things go wrong, we’re the small business insurance experts, experienced in putting things right. You work hard to build your business, so we work hard to help you look after it and protect your good name.
Whatever you do for a living, we offer superior service and continual innovation, as seen with our CyberClear Academy. We provide an award-winning service too, as proud winners of the Feefo Platinum Trusted Service Award. This independent seal of excellence is rated by real customers. We’ve also won the Response to a Major Claim award at the Commercial Insurance Awards in March 2018.
With a range of cover limits and specialist claims teams on hand to get you back up and running, you can rest assured, you’ve got the right cover in place. But don’t just take our word for it – go check out our reviews and ratings on Feefo.
You can also browse our business insurance reviews’ page to see how our customers feel about working with us and our business case studies for some real-life examples of how we’ve helped UK-based businesses just like yours.
We know that with the right insurance, your business can flourish even when faced with a challenge. Get an online quote for business insurance today to find out how Hiscox commercial cover can keep your empire healthy.
Comments
Post a Comment