Business Insurance

Our expert service makes it easy to find policies and prices from trusted providers to get the insurance that's right for your business.

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Insuring your business is easy. Start here.

Choose from getting a quote online or over the phone – or simply request a call back from one of our brokers.

We’ll make it easy for you to get the insurance your business needs.

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How does everything work?

  • We talk. You tell us about your business and together we identify your insurance needs.
  • We search. Our expert brokers find a new quote and break down the price so there are no hidden costs.
  • You save. We set up your cover and run through the policy wording to ensure the process is as easy for you as possible.

Why should I get insurance through you?

  • We’ve helped thousands of Britain business owners protect what’s important to them
  • We’ll always make sure you get the cover that’s right for you and your business – no unnecessary extras.
  • Our UK-based agents will set up your policy to make life as easy for you as possible.
  • You’ll get a personal account broker who’ll be on hand to help if you ever need to make a claim.
  • We work with some of the UK’s most trusted insurers to get our customers the best cover available.

There’s no straightforward answer to this question. All businesses - including yours - are unique, and will therefore require different components of cover. So, there's no set price for how much business insurance costs.

This means we can't provide you with a definitive cost on this page – but we can tell you the three main factors that will affect how cheap your business insurance cover is:

  1. Legal requirements – the law may dictate that you're required to have certain policies in place, such as employers’ liability insurance, if you have employees.
  2. Your attitude to risk – do you think your business could comfortably cope with unexpected costs? Are there any in particular you want to guard against? Are you happy to foot the bill if your contents are stolen?
  3. The insurer – all businesses present a potential cost to an insurer and will have historically cost that insurer money, so their attitude to risk differs. What they know about businesses like yours generally and how well you run your business will contribute to the price they give you. This is another reason why using a broker like us, who has access to multiple insurers, with exclusive products and prices may be useful.

Let's look at these in more detail.

Legal requirements

The type of work you carry out and the setup of your business will determine whether or not you're obliged to purchase certain forms of cover.

For example, if you employ staff you'll almost certainly be legally required to purchase employers' liability insurance. Or, if you are a solicitor, you may be required by your regulating body to purchase professional indemnity insurance before you’re allowed to practice.

Your attitude to risk

Beyond cover you're obliged to have in place, you may also choose to protect your business from a number of other risks that you could be exposed to. There is quite a wide scope as far as business insurance customisation is concerned, so your attitude to the level of risk your business faces will play a large role in determining the breadth of cover that you take out - and consequently how cheap your business insurance will be. Naturally, the greater the range of cover you have in place, the more your insurance is likely to cost.

The insurer

The level of risk that insurers assign to your business will depend on its setup and operations. For instance, if you own a busy restaurant, an insurer may consider you to be at high risk of public liability claims due to the high volume of customers that pass through your doors. This could increase the overall cost of your insurance package.

Some other factors your insurer may take into consideration are:

  • The value and security of your buildings
  • The value and security of your contents, stock, or tools and equipment
  • The location of your business premises - for example, if the local area is a crime hotspot, this could increase the cost of your insurance premiums
  • The likelihood and potential severity of any hazards your business is exposed to - for example, if your business premises is located in an area that is prone to flooding, this will impact your business insurance cost.

Cheap business insurance

It's important to remember that cost isn't everything. You shouldn't look for a cheap business insurance policy, instead you should look for a business insurance policy that satisfies both your attitude to cost and risk. A cheap business insurance policy could leave you without valuable cover when you need it most, which may end up costing your business more in the long run.

It’s probably the case that your business has a range of assets that you would like to protect with insurance. This could include anything from your business building, specialist tools and equipment, stock and contents, to the employees that you hire.

What insurance does my small business need?

There may be some forms of cover that you’re legally required to have in place, and others that you choose to purchase, based on your attitude towards risk. Ultimately, it’s up to you to determine which areas of your business you think are most susceptible to the threats you face and protect them accordingly.

As such, there’s no way of definitively saying which types of cover you’ll need, as the best small business insurance policy for you will be one that's tailored to your exact circumstances. There are, however, a number of types of insurance that are commonly taken out by small business owners.

To help you gain an understanding of the types of cover that are relevant to your business, we have created the What insurance does my business need tool.

Types of small business insurance

The types of small business insurance that you choose to take out will be determined by the threats that you’re vulnerable to. A huge variety of events - including accidents, criminal activity or even the weather - could compromise your business. There are a number of different forms of cover to protect against this range of threats, and some of the most commonly purchased forms of insurance for small businesses include:

Each of these policies could provide cover in the case of certain events. In many cases it's entirely up to you to decide what insurance you need, but sometimes the law dictates that you need to have specific forms of cover. Click on the policies listed above for more information.

Small business insurance packages

Many larger corporate companies choose to purchase individual policies, while small business insurance often comes in the form of packaged cover. A package is an insurance package that incorporates various types of protection in one single policy - a policy that's specifically designed for your business.

A major benefit of package cover is that premiums are often cheaper because the administrative work for insurers is significantly reduced. For you as the customer it's also far simpler than purchasing - and renewing - separate policies.

How much does small business insurance cost?

The types of cover – as well as the scope of protection – that you choose to purchase will ultimately influence exactly how much your small business insurance costs. As such, there’s no real way of saying how much you’ll pay for your cover without considering your business’s individual requirements.

To find out how much a comprehensive insurance package will cost your business, you'll need to get a quote. By using the services of a broker - such as Make It Cheaper Financial Services - you can quickly and easily run a comparison and get a competitive business insurance quote to suit your needs.

Not only can our team of insurance experts compare deals and help you to decide which forms of cover may best benefit your business, but we can also help you to get a great deal for the insurance that you do need. All it takes is a simple phone call. Speak to one of our insurance experts on 0800 144 4808 and get a quote for your business insurance needs.

Switch with confidence

Three quick reasons why you can trust us to get the right insurance for your business:

We’ve made the finals of the 2014 Insurance Times Awards...

...we've been listed as one of 1,000 Companies to Inspire Britain by LSE...

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How we can help

Take a closer look at some of our information pages for quick and easy explanations of the type of cover you might need.

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