Limited company insurance

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  • Get covered and all your documents the same day
  • Get tailored limited company insurance quotes in less than 7 minutes
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Why is limited company insurance important?

Getting the right insurance for your limited company is important. From a public liability case to lawsuits raised by employees, it’s the back-up your business needs if a compensation claim is made against you. Your limited company insurance requirements depend on the type of Ltd company you run and the risks you face.

  • company public liability insurance, with cover for the public and your products
  • rated 4.7/5 based on 39K+ public and product liability customer reviews
  • tools, accident, and employee cover – you choose what you need


What does limited company insurance cover?

There are three main types of business insurance available to limited companies in the UK. Public liability insurance (also known as business liability insurance) is a key cover for many, designed to protect against property damage or illness and injuries caused by your business. There’s also professional indemnity cover for loss-causing errors, plus employers’ liability insurance – this is a legal requirement for most employers.


How much does limited company 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 £4.74 per month

Get your tailored quotes in 7 minutes

Example limited company insurance quotes, real prices

chiswell insurance

What kind of excess should I expect?

An excess is an amount you pay towards any claim you make on your insurance. For example, if your excess is £250 and you make a claim worth £1000, your payout will be a maximum of £750.

Insurance cover

Lowest excess

Highest excess

Public liability

£100

£2500

Employers’ liability

No excess

No excess

Tools

£60

£500

Stock

£100

£500

Business and office equipment

£50

£750

Looking for something else?

Depending on your set-up, clients and business type, these expert covers might be helpful too:

When you run a quote you can select from a range of covers.


How it works

Pick what goes into your policy

Get prices from a range of insurers

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Our team of UK-based insurance experts are here to help, Mon 09.00am – 05.30pm, Tues 09.00am – 05.30pm, Weds 09.00am – 05.30pm, Thurs 09.30am – 05.30pm, Fri 09.00am – 05.30pm, Sat 09.00am – 02.00pm

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0333 043 8527

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Contact us on our website whenever suits you

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Call our insurance experts during office hours (calls are charged at a local rate)

FAQs

Find answers to common insurance questions


How do limited company insurance 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.

£51 million in claims paid out in 2023

Ltd company public liability 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 limited company insurance.

You can also check out our business insurance FAQs.

Public and product liability insurance is often an important cover for limited companies – it’s designed to protect you if someone is injured or gets sick, or their property is damaged, because of your business.

Do you employ any staff? If so, you’re usually required by law to take out employer’s liability insurance, even if it’s for a contractor team member, or casual and seasonal staff. You’ll face fines of up to £2,500 a day for anyone you haven’t covered correctly.

Limited company professional indemnity insurance is another popular cover for ltd businesses, providing protection against compensation claims for an error or oversight which ends up costing a third party money to fix, or causes a financial loss.

From there, you can pick and choose from other specific protection for your limited company’s stock and equipment, plus legal expenses for things like employee disputes and personal accident cover for the slip-ups that can delay business as usual. Our limited company insurance policies are flexible – you can bundle everything into one policy or go for just one or two covers, depending on what you need.

If you employ anyone, even from home, employers’ liability insurance is usually a legal requirement.

Other than that, there’s no legal requirement in the UK to have specific business insurance in place. However, most limited companies face a range of risks, from third party injuries to employee claims, so expert cover helps ensure you’re protected if a claim was made against you. Certain regulatory bodies and trade associations may also require you to have specific insurance – like professional indemnity cover – sorted out.

Yes. You may start offering additional services that require you to use different skills or carry out different tasks. If you find yourself in this situation, it’s important to give us a call on 0333 0146 683 to update your policy before you take on this new work.

If you don’t have the correct type of cover in place for the work you do, you may be unable to claim on your policy if something goes wrong.

If you change your business legal structure from sole trader to limited company mid-way through your policy, give us a call straight away on 0333 0146 683. It’ll only take us a few minutes to cancel your existing policy and replace it with one that correctly covers your new legal structure. It’s worth bearing in mind that your insurer and premium amount may need to change.

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.

At Simply Business we have insurance covers all kinds of trades such as:

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


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