Insurance for business analysts
Join over nearly a million customers (including over 800 business analysts like you) – we offer public liability cover from £4.74*
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10% of customers pay the equivalent of £4.74 a month*
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Rated 4.6/5
Based on 39.9K reviews
Claims paid in 24 hours
For 80% of settled claims
Insurance for business analysts – why is it important?
Analytics might not carry much obvious everyday risk, but even the simplest of accidents can set the business back. From an expensive indemnity claim to losing your phone or laptop, analyst insurance covers your priorities, with the option to choose the level of protection that suits your contracts.
- professional indemnity insurance for business analysts up to £5 million
- cover for the essentials from the contents of your office to legal expenses
- public liability insurance between £1 million and £5 million
What does analyst insurance cover?
We’ll start with insurance for your professional services – our analyst insurance policies focus on professional indemnity (PI for short), providing between £50,000 and £5 million in cover. Along with professional indemnity and public liability insurance, business analysts often choose to include employers’ liability cover, which is a legal requirement for most employers.
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Public liability insurance business analysts
In case your business causes an injury or property damage.
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Employers’ liability insurance
In case an employee gets sick or injured while working for you.
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Business analyst professional indemnity insurance
In case there’s a claim for negligence, or breaches in your duty of care.
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Business and office equipment insurance
In case something happens to equipment like your office hardware.
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Portable equipment insurance
In case something happens to your equipment while you’re off-site.
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Legal expenses insurance
In case you’re faced with legal costs from running your business.
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Personal accident insurance
In case you or anyone you’ve covered has an accident, at work or off duty.
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 analysts 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 tailored quotes in 7 minutes – prices are guaranteed for 30 days.
Get tailored quotes in 7 minutes
The price is for up to £2 million of public liability insurance – 10% of customers paid £56.82 or less annually between 1st Jan – 31st May 2024. Equivalent to £4.74 a month (and excludes the extra costs for paying monthly). 76% of customers have a £1 million limit and 24% £2 million. If you complete a quote, more types of cover will be available. These all have additional costs.
Example business analyst insurance quotes, real prices
£17.17 /month
£23.94 /year
A self-employed business analysts working in the local community
- 2-3 years’ experience
- Sole trader
- No employees
- Based in Southend-on-Sea
Public liability
£1,000,000
Employers’ liability
Not included
Professional indemnity
£100,000
£101.04 /month
£898.14 /year
A small business analyst firm who work with medium sized companies to help them improve their processes and systems
- 5+ years’ experience
- Limited company
- 2 employees
- Based in Sheffield
Public liability
£2,000,000
Employers’ liability
£10,000,000
Professional indemnity
£1,000,000
Contents & business equipment
£10,000
How we work out example quotes These examples are real quotes from our online system (created 05/03/2021). 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.
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 |
|---|---|---|
Professional indemnity | No excess | £2500 |
Public liability | £200 | £750 |
Contents | £100 | £750 |
Portable equipment | £100 | £500 |
Employers liability | No excess | No excess |
The figures above are for guidance only and any excess applying to your quote may differ. You’ll get a breakdown of the excesses for each quote when you compare with us.
How it works
Pick what goes into your policy
Only pay for what you need
Get prices from a range of insurers
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How do I choose insurance?
Making sure you have the right type and level of business insurance can be the difference between getting a claim paid and having to cover the cost of an expensive accident yourself. Read our tips for guidance on what to consider when buying a policy.
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Which type of workers do I need insurance for?
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Does business analyst insurance cover my work correctly?
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Do I need cover for other types of work?
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Which public liability cover limit should I choose?
Talk to an expert
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
Call our team
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.
Example claim
Having business analyst insurance through Simply Business has saved professionals thousands of pounds when the unexpected happened.
Greg saved more than £3,900
Greg (not his real name) was commuting by train to a client’s office when his laptop bag was stolen from the luggage rack above his seat.The optional business and office equipment cover in his freelance business analyst insurance policy helped cover the replacement costs.
Insurance payout
£3,910.00
Covering the cost of theft
Insurance payout
Covering the cost of theft
Covering the cost of theft
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.
Insurance for business analysts 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 analytics insurance, professional indemnity, and other cover features.You can also check out our business insurance FAQs.
Professional indemnity insurance (PI for short) can cover business analysts for common professional risks. You may be providing an advisory service, so incorrect or poor advice, delays, failures in duty of care, or negligence and other risk factors can result in extremely expensive claims, if the claimant can prove you’ve caused them a financial loss.
This depends on your business, your clients, and the contracts you’re taking on. If you’re certified by your industry body, then you may need professional indemnity insurance in order to operate. But even if it’s not mandatory for your job, professional indemnity cover will still be a priority for most analyst businesses. For example, your client may require you to have £250,000 of professional indemnity insurance in place before taking on their project. We offer between £50,000 and £5 million in PI cover, so it should be a quick job to find the right level for your policy.
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 043 8527 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.
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.
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 043 8527. 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.
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
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