Public liability insurance

In case your limited business is blamed for an injury or property damage.

What’s typically covered by public liability insurance for limited company?

Claims against your business for:

• damage to someone’s property, caused by your limited company
• injuries caused by your business activities
• accidental damage or injury caused by your employees, if you have any

If you do employ anyone, you’re usually required by law to have employers’ liability insurance too.

For example:

• you’re running a catering business, and a customer gets food poisoning after eating your products
• a customer’s wooden coving gets damaged by your welding business

Read more about public liability insurance

Employers’ liability insurance

In case an employee gets sick or injured because of working for your limited company.

What’s typically covered by employers’ liability insurance?

Claims against your business for:

• an employee, including a contractor or casual labourer, suing you after falling ill because of working for your limited company, or
• making a claim for an injury they’ve had while working for you

For example:

• an apprentice burns their hand while working with you, and makes a compensation claim
• a former employee, who broke her knee in your office, raises a claim against you for ongoing complications with her recovery

**Employers’ liability insurance is required by law if you have people working for you. Without it, you could be fined up to £2,500 a day for each employee.**

Professional indemnity insurance

In case there’s a claim for loss-causing errors or issues with your work.

What’s typically covered by professional indemnity insurance?

Claims against your business for professional negligence or a loss-causing breach of contract. This can include:

• advice which turns out to be incorrect
• mistakes in your work that cost others money to fix

For example:

• a client misses a deadline in their new product launch, and claims this is due to an error on your part
• your limited company receives a claim for compensation, after an employee sends an email containing sensitive data to the wrong recipient

Read more about professional indemnity insurance

Personal accident insurance

In case anyone you’ve covered is accidentally injured, at work or elsewhere.

What’s typically covered by personal accident insurance?

• accidental injury or death at or outside of work, for anyone covered on the policy
• lost income, medical costs, and hospitalisation benefit

For example:

• you sprain your ankle while jogging, and can’t work at full capacity for four weeks
• your secretary trips over while working at an event, fracturing their wrist

Read more about personal accident insurance

Contents and office equipment insurance

In case something happens to your fixtures and fittings or operational equipment.

What’s typically covered by contents and office equipment insurance?

• accidental damage to your fixtures and fittings, or the equipment you use to run the business
• theft, flood, and fire damage

For example:

• your business partner drops your laptop from a height, damaging it beyond repair
• a flood in your premises damages your furniture and office equipment, which all needs replacing

Read more about business and office equipment insurance

Tools insurance

In case your trade tools are lost, stolen, or damaged.

What’s typically covered by tools insurance?

• loss, damage, or theft of your hand tools, power tools, and/or specialist equipment

For example:

• your tools are damaged in a flood over the weekend, and you need to replace them for a job the following week
• you invest in new tool kits and contents for your team, which are stolen from your locked garage

Read more about tools insurance

Stock insurance

In case something happens to the materials and products you keep in supply.

What’s typically covered by stock insurance?

• loss, damage, or theft of your work materials, or items you’re planning to sell

For example:

• you own a window installation company and your stock is destroyed in a fire at your garage unit
• a large order of food and drink products goes bad when a power surge disconnects your fridge-freezer unit

Read more about stock insurance

Building insurance

In case something happens to your business premises.

What’s typically covered by building insurance?

• the cost of repairing damage to the structure of your building (or rebuilding it from scratch)
• damage to fixtures and fittings
• damage to underground pipes and cables you’re responsible for

For example:

• a fire caused by a deep fat fryer causes serious structural damage to your building
• your windows and roof are damaged during a storm, and you need to temporarily close the business

What you’ll need additional cover for:

• tenants’ improvements – changes to the property’s structure which you’ve organised and paid for yourself, like partition walls or wooden flooring

Read more about business buildings insurance

Own plant insurance

In case your own plant machinery, like a floor sander, is lost, stolen, or damaged.

What’s typically covered by own plant insurance?

• loss, damage, or theft of larger equipment like excavators, skips, and sanding machines

For example:

• the sanding machine you’ve recently bought is stolen from your works site, and needs replacing
• your cement mixers are damaged in a fire

What you’ll need additional cover for:

• plant machinery you’ve rented – you’ll need to add our specific hired-in plant cover for this

Read more about own plant insurance

Hired-in plant insurance

In case your rented plant machinery, like an excavator, is lost, stolen, or damaged.

What’s typically covered by hired-in plant insurance?

• loss, damage, or theft of things like drilling units and saws which you’ve hired in

For example:

• you hire an excavator for a job and your employee reverses into it, causing damage
• the saws you’ve hired for a big hotel renovation contract are stolen from your locked garage

What you’ll need additional cover for:

• tools and plant machinery which you own yourself – you’ll need to add our specific own plant insurance or tools cover for this

Read more about hired-in plant insurance

Legal expenses insurance

In case you have to pay legal costs connected with your limited company.

What’s typically covered by legal expenses insurance?

• legal costs attributed to your limited company
• property damage, nuisance, or trespass – specifically, the associated legal claims and compensation payouts
• tax and compliance disputes, and investigations you need help with
• includes a tax advice helpline, a 24/7 confidential legal helpline, and crisis PR support to help you protect your company’s reputation

For example:

• your business hasn’t been correctly registered for tax with HMRC, and you begin to incur legal costs
• one of your part-time employees is classified incorrectly as a contractor, and you need to hire expert legal support

Read more about legal expenses insurance

Personal accident insurance

In case anyone you’ve covered is accidentally injured, at or away from work.

What’s typically covered by personal accident insurance?

• accidental injury or death at work or elsewhere, for anyone covered on the policy

• lost income, medical costs, and hospitalisation benefit

For example:

• you break your leg while running at the weekend, and need time away from the business for hospital treatment
• an employee, who you’ve covered on the policy, injures her hand on a piece of machinery in your workshop, and needs a few weeks off work for physio and recovery

Read more about personal accident insurance