Public liability insurance business analysts

In case your business causes an injury or property damage.

What’s typically covered by public liability insurance?

Claims against your business for:

• injury or damage to someone’s property, caused by you or as a result of your work
• accidental damage or injury caused by your employees, if you have any

For example:

• while visiting a client’s office you leave your laptop cable lying across the room, causing someone to trip and fracture their knee
• during a presentation you spill coffee on a client’s laptop and designer bag, causing permanent damage

Read more about public liability insurance

Employers’ liability insurance

In case an employee gets sick or injured while working for you.

What’s typically covered by employers’ liability insurance?

Claims against your business for:

• an employee suing you because they’re injured or fall ill as a result of working for you (includes temp staff and casual workers)

**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.**

For example:

• your employee is carrying a box of presentation materials to the next meeting and pulls a muscle in their back
• a contractor you’ve hired traps and fractures their hand in the faulty office door, which you’ve been meaning to fix

Business analyst professional indemnity insurance

In case there’s a claim for negligence, or breaches in your duty of care.

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:

• after following your advice for their new business startup, your client suffers a substantial financial loss and holds you responsible
• you provide data to your client following a review of their business model, but this turns out to be inaccurate and causes a financial loss

Read more about professional indemnity insurance

Business and office equipment insurance

In case something happens to equipment like your office hardware.

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

• theft of the operational equipment you use to run your analysis business
• accidental loss of your equipment
• flood, fire, or accidental damage

For example:

• you lock your office up for Christmas and return to find severe flooding has damaged your hardware
• during a break-in, your team laptops and fan system are stolen from your office

Read more about business and office equipment insurance

Portable equipment insurance

In case something happens to your equipment while you’re off-site.

What’s typically covered by tools insurance?

• loss, damage, or theft of your portable equipment such as your laptop, tablet, or phone

For example:

• you leave your laptop under a table in a train station, along with your charging cable and headphones
• someone steals your bag from the overhead baggage, which contains your laptop and your business partner’s tablet

Read more about portable equipment insurance

Legal expenses insurance

In case you’re faced with legal costs from running your business.

What’s typically covered by legal expenses insurance?

• legal costs that you’re responsible for, within your business
• property damage, nuisance, or trespass – specifically, the associated legal claims and compensation payouts
• tax and compliance disputes and investigations you need help with
• access to expert advice – including a tax advice phone line, confidential 24/7 legal phone line, and crisis PR support to help you protect your professional reputation

For example:

• a contractor raises an employment dispute with you, and you need to defend your legal rights
• you need to engage legal representation ahead of an HMRC investigation into your latest tax return

Read more about legal expenses insurance

Personal accident insurance

In case you or anyone you’ve covered has an accident, at work or off duty.

What’s typically covered by personal accident insurance?

• accidental injury or death of anyone you’ve chosen to cover in your policy – whether this happens at work or elsewhere
• lost income, hospital bills, or other medical costs associated with the accident

For example:

• while on holiday you trip down some steps and break your right arm, meaning you can’t drive or work at full capacity for a while
• your employee traps their hand in the car door while commuting to the office – they need several stitches and a week off work

Read more about personal accident insurance

Which type of workers do I need insurance for?

Employers’ liability insurance is a legal requirement if you employ people.

If you have people working for you, including bona fide subcontractors (BFSC), labour-only subcontractors (LOSC), part-timers, or full-time staff, employers’ liability insurance is required by law.

Read on for our simplified guide to the difference between labour-only subcontractors and bona fide subcontractors.

Does business analyst insurance cover my work correctly?

Make sure you’re picking the right cover to protect you properly. It’s important to know that if you have another trade or job, you’ll need additional cover. For example, do you need to consider business consultant insurance or marketing consultant insurance?

Do I need cover for other types of work?

If you provide these services alongside building work, make sure you’re covered:

• It consultant insurance
• Engineering business insurance
• Consultant – management & business
• Freelance insurance
• Consultant insurance
• Contractors insurance

Other types of insurance

• Limited company insurance
• Self-employed insurance
• Freelance insurance
• Consultant insurance
• Contractors insurance
• Sole trader insurance

Which public liability cover limit should I choose?

Think about the maximum possible loss your business could face in the event of a claim, and make sure you take legal fees and damages into consideration. You can choose from three levels of coverage – £1 million, £2 million, or up to £5 million.