Insurance for financial and legal services

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  • Compare tailored finance and legal insurance business liability cover

10% of customers pay the equivalent of £4.95 a month*

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Who needs insurance for a financial or legal business – what’s important?

In a serviced office or at your laptop out and about – wherever the work takes you, compensation claims against legal and financial services companies can run into hundreds of thousands of pounds. We offer between £50,000 and £5 million in professional indemnity insurance, depending on your business type, plus public and employers’ liability insurance for third party accidents.

  • professional indemnity insurance, up to £5 million in some cases
  • trusted by over nearly a million customers small UK businesses for flexible, tailored cover
  • rated 9/10 on Feefo based on 39.9K public liability customer reviews

What does legal and finance company insurance cover?

Insurers often start with professional indemnity (PI) cover – we provide options between £50,000 and £5 million for PI, depending on your business profile. From there, you can choose to add public liability insurance, available for claims up to £10 million. Both of these are available as standalone covers, or as part of a tailored policy which can include employers’ liability insurance, equipment, legal fees and personal accident cover.

  • Public liability insurance for retail

    In case your business and products cause an injury or property damage.

  • Employers’ liability insurance

    In case anyone gets ill or injured while working for your business.

  • Professional indemnity insurance

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

  • Business and office equipment insurance

    In case something happens to the equipment you rely on.

  • Business legal protection

    In case you’re hit with legal expenses connected to your business.

  • Personal accident insurance

    In case anyone you’ve covered is accidentally injured, at work or off-duty.

  • Public liability insurance for retail

    In case your retail business and products cause an injury or property damage.

    What’s typically covered by public liability insurance?

    Claims against your business for:

    • damage to someone’s property, because of your retail business
    • an injury or illness caused by your business activities or products
    • accidental damage or injuries caused by your employees

    For example:

    • while travelling on a train, you dislodge your laptop from an overhead locker and it falls onto a passenger, causing a head injury
    • a client slips on your wet reception floor, falling and injuring their hip

    Read more about public liability insurance

  • Employers’ liability insurance

    In case anyone gets ill or injured while working for you.

    What’s typically covered by employers’ liability insurance?

    Claims against your business for:

    • an injury or illness that happens as a result of working for you (including temps 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:

    • a contractor working for you pulls a muscle while lifting a heavy crate, and sues for their injuries
    • your office manager dislodges an older printer while reaching for a file on a shelf, and suffers a head injury

  • 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
    • theft, flood, and fire damage

    For example:

    • your client follows advice which you’ve provided, and suffers a subsequent financial loss
    • your company is involved in a data protection breach while representing a client and they hold you accountable for damages

    Read more about professional indemnity insurance

  • Business and office equipment insurance

    In case something happens to the equipment you rely on.

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

    • accidental damage to the equipment you use to run the business
    • theft, flood, and fire damage

    For example:

    • someone breaks into your office, stealing your laptop and other office equipment
    • a fire in your office destroys your company laptops and printing equipment

    Read more about business and office equipment insurance

  • Business legal protection

    In case you’re hit with legal expenses connected to your retail business.

    What’s typically covered by business legal protection?

    • legal costs attributed to your retail business
    • 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 reputation as a popular retailer

    For example:

    • there’s an issue with a foreign worker’s visa, and you begin to incur legal costs
    • you become involved in an intellectual property dispute, and need to pay for representation

    Read more about business legal protection

  • Personal accident insurance

    In case anyone you’ve covered is accidentally injured, at work or off-duty.

    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:

    • an employee breaks their jaw while playing rugby at the weekend, and will need time off for surgery and recovery
    • you injure your hand while putting up a shelf in your retail space – you need stitches and won’t be able to drive for two weeks

    Read more about personal accident insurance

This content has been created for general information purposes. Make sure you have the right level of business insurance by checking your policy documentation for details. Read our full Terms and Conditions

How much does legal and financial services insurance cost?

Find out how much you’ll pay by comparing prices from a range of trusted insurers. You choose what goes into your policy, so you only pay for what you need.

Prices start from £4.95 per month

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The price is for up to £2 million of public liability insurance – 10% of customers paid £59.34 or less annually between 1st Feb – 30th April 2025. Equivalent to £4.95 a month (and excludes the extra costs for paying monthly). 82% of customers have a £1 million limit and 18% £2 million. If you complete a quote, more types of cover will be available. These all have additional costs.

Example insurance quotes, real prices

chiswell insurance

£8.83 /month

£68.30 /year

A self-employed book keeper handling dealing with small/sole trader businesses

  • 2-3 years’ experience
  • Sole trader
  • No employees
  • Based in Manchester

Professional indemnity

£50,000

Public liability

Not included

Employers’ liability

Not included

axa

£20.74 /month

£184.38 /year

A medium sized newsagents that has an ATM machine and a post office

  • 5+ years’ experience
  • Limited company
  • 2 employees
  • Based in Cardiff

Professional indemnity

£100,000

Public liability

£1,000,000

Employers’ liability

£10,000,000

How we work out example quotes These examples are real quotes from our online system (created 16/04/2021). They’re based on a range of factors, like employees and location. Your own quote will be based on what you tell us about your business. Prices may go up or down from day to day, so the prices you’re quoted may differ to the ones you see here.

How it works

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How do claims work?

Unlike price comparison websites, we take the hassle out of claims for you. We know how important it is to get your business back on track quickly – and with a minimum of fuss. That’s why you get access to your dedicated claims any time, day or night. Call them on 0333 207 0560 or claim online. They’ll do their best to be fair and supportive.

£68 million in claims paid out in 2024

76% of claims were settled in 2024.

The figure above is rounded across our range of products. “Settled” covers paid, declined or withdrawn. Our claims process may vary for different products and operates on a ‘claim by claim’ basis. Our specialist partner Sedgwick will pay the claims on behalf of the insurer. Reviewed on 26/02/2025.

Chosen by nearly one million small business and landlord customers

We started out as a team of five back in 2005. We’ve grown since then, with nearly a million customers across 1,500 trades now trusting us to provide their business insurance.

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Legal and financial services insurance FAQ

Whether you’re new to buying business insurance or you’ve been trading for a while, here are the answers to some commonly asked questions about legal or financial business liability insurance, plus other popular covers. You can also check out our business insurance FAQs.

Yes. It’s important to make sure you have the right type and level of insurance for the different types of work you do. For example, if you’re a food and drink retailer, you may also do the odd cooking demonstration or wine tasting event – you’ll need additional cover for this, but you can have it all on the one policy. If you need to add a second trade, give us a call on 0333 0146 683 and one of our insurance experts will help you set up your policy in minutes.

Each insurer looks at CCJs and IVAs differently – some apply stricter rules than others, but having a CCJ or IVA doesn’t necessarily mean you won’t be able to buy insurance.

You can choose the payment type that suits your business and cash flow best. Some customers prefer to pay in one go, while others prefer to pay a regular monthly amount, like you do with lots of other bills. Simply Business offer three ways to pay for your policy:

  • one-off credit or debit card payment
  • BACS payment
  • Direct Debit

If you choose to pay by Direct Debit, our credit provider, Premium Credit, pays Simply Business the full amount for your policy up front. You then repay Premium Credit in 10 monthly instalments.

This will depend on whether you have employers’ liability insurance in place. Public liability insurance is designed to protect your business against the consequences of legal action brought by members of the public for injuries or damage to their belongings. But when it comes to your employees causing injury or damage, this protection only activates if you also have employers’ liability insurance.

If you employ people, you’re required by law to have employers’ liability insurance.

There’s one exception here. Family businesses that aren’t incorporated as a limited company are not legally required to have employers’ liability insurance. The government defines a “family business” as one where all your employees are closely related to you (as a spouse, civil partner, sibling, child, parent, grandparent, grandchild, step-parent, stepchild or half-sibling). So if you run an unincorporated family business and you choose not to get employers’ liability insurance, it’s important to know that your public liability insurance wouldn’t cover you against damage or injury caused by your team.

We create this content for general information purposes and it should not be taken as advice. Always check policy documentation for details and seek professional advice. Read our full Terms and Conditions