Business insurance

External Resource

1 min read

Your business is legally obliged to buy certain insurances, including:

employers' liability insurance cover - worth at least £5 million - for most types of employees
motor insurance if your business uses vehicles on the road or other public places
professional indemnity insurance for businesses in professions such as law and accountancy

You may also want to get insurance to protect your business premises, equipment and stock. An independent insurance broker can help you select the right level of cover, assess which risks pose the greatest threat and find the best deal.

You might also be interested in

Cashflow: Managing your invoicing to get paid faster

Ensuring your customers and clients pay you promptly is important for maintaining cashflow. There are a few simple but important steps you can take when you are invoicing to make this process a little smoother.

Understanding cashflow

It’s not just profit that's important to your business, you need to make sure you have enough money coming in to pay any suppliers or salaries or your business will falter. This is your cashflow and you need to manage it carefully.

8 tips on identifying the main costs when starting a business

You’ve done your research and you know your idea has got legs. But before you decide if starting a business is for you, it’s vital that you understand the costs involved in setting up, and work out if you have the budget to cover these.

Starting a business

Running a business

Finance

Marketing and Sales

Human Resources

DigitalBoost

Business insurance

You might also be interested in

Cashflow: Managing your invoicing to get paid faster

Understanding cashflow

8 tips on identifying the main costs when starting a business