Choose insurance to suit your business structure
You may require certain types of business insurance depending on the structure of your business.
One way to decide on the types of insurance your business needs is to look at its structure.
Insurance for freelancing
As a freelancer, business insurance can provide cover when unexpected issues arise.
Examples of this could include your equipment being damaged or stolen, or needing to take time off unexpectedly.
Key insurance for freelancers includes:
- public liability
- professional indemnity
- personal accident
- office, contents and equipment
Insurance for sole traders and self-employed
Being self-employed means you’re solely responsible when things go wrong, so it is necessary to have the right insurance.
Key insurance for sole traders and self-employed includes:
- public liability
- professional indemnity
- employers’ liability
- personal accident
- cyber and data
Insurance for limited companies
While registering as a limited company protects your personal assets from legal claims, it’s still important to have a plan in place to protect your business.
Key insurance for limited companies includes:
- employers’ liability (a legal requirement if you have staff)
- professional indemnity
- public liability
- cyber and data
- office, contents and equipment
- directors’ and officers’ liability insurance