Simply Business homepage
  • Business insurance

    • Business Insurance FAQs

    Business insurance covers

  • Support
  • Claims
  • Sign In
Call Us0333 0146 683
Our opening hours

How much business insurance do I need?

Start your quote

What level of business insurance do I need?

The amount of insurance you need depends on your business. Sometimes your client contracts or your regulatory or professional body will specify a particular level of cover. Most businesses with employees are legally required to have at least £5 million of employers’ liability insurance.

When you’re deciding how much cover you need, you should think about the size of your contracts and the scope of the work undertaken by your business: what level of compensation payments may you face if something goes wrong?

You should also check the handbooks of your professional body or regulator, as some set minimum cover levels for their members.

Simply Business offers £1 million to £10 million of public liability insurance, and £50,000 to £2 million of professional indemnity insurance.

If you have any employees, you’re usually legally required to have at least £5 million of employers’ liability insurance. We offer £10 million as standard.

If you’re insuring your business buildings, you need to think about how much it would cost to rebuild your premises from scratch, and if you’re insuring your business equipment or tools your cover level is based on the cost of their replacement.

At Simply Business we insure all kinds of trades like:

Is your profession not listed? When you run a quote you can select your trade from over 1,000 options.

Ready to set up your business insurance?

As the UK's biggest business insurance provider, we protect more trades than anybody else. Why not take a look now and build a quick, tailored quote?

Start your quote

Keep up to date with Simply Business. Subscribe to our monthly newsletter and follow us on social media.

Subscribe to our newsletter
How much business insurance do I need?


Public liability insuranceBusiness insuranceProfessional indemnity insuranceEmployers liability insuranceLandlord insuranceTradesman insuranceSelf-employed insuranceRestaurant insuranceCommercial van insuranceInsurers


About usOur teamAwardsPress releasesPartners & affiliatesOur charitable workModern Slavery ActSection 172 statementSocial mediaSite map

Customer support

Contact & supportPolicy renewalMake a claimProof of policyComplaintsAccessibility


6th Floor99 Gresham StreetLondonEC2V 7NG

Sol House29 St Katherine's StreetNorthamptonNN1 2QZ


Careers at Simply BusinessTech careersCurrent opportunities


BenefitsRefer a friendFinance


Terms & conditionsPrivacy policyCookie policyVuln Disclosure policy


Knowledge centreOpinionsMicrosites

© Copyright 2023 Simply Business. All Rights Reserved. Simply Business is a trading name of Xbridge Limited which is authorised and regulated by the Financial Conduct Authority (Financial Services Registration No: 313348). Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG.