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How much does business insurance cost?

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How much does business insurance cost?

The cost of your business insurance depends on the nature of your work, the type of insurance you need, and your cover levels. Businesses that are perceived as riskier will usually pay a higher policy price. Simply Business offers good value policies from leading providers.

The easiest way to get a price for your business insurance is to run a quick online quote.

The amount you pay for your insurance is called your premium. Insurers calculate your premium based on a number of things, including the work you do, the size of your contracts, and the cover types and cover levels you choose.

As with other types of insurance, business insurers calculate how likely you are to make a claim and how much a claim could cost, meaning that businesses that face higher levels of risk will usually pay higher premiums.

When you’re buying insurance, it’s really important that you answer all questions accurately and that you choose a high enough level of cover so that you’re protected if you need to make a claim.

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?

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© Copyright 2020 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.