Simply Business homepage
  • Business insurance

    • Business Insurance FAQs

    Business insurance covers

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

What is commercial insurance?

1-minute read

Mark James

13 January 2016

Share on FacebookShare on TwitterShare on LinkedIn

Come across the term but not sure what it means? Get commercial insurance explained.

Commercial insurance basics

Recently, we’ve been clarifying some tricky insurance terms, consequential loss and third party liability insurance two of the topics we’ve tackled so far. Today we’re focusing on commercial insurance - a term used across the insurance industry - so what is commercial insurance exactly? And how can it protect you?

First things first, let’s start with a definition.

A definition of commercial insurance

Plain and simply, commercial insurance is insurance that protects businesses. It covers businesses against losses, arising from things like damage to property or injury to employees, and is a term commonly used to label core business insurance covers like public liability and employers’ liability.

What type of commercial insurance does your business need?

Commercial insurance comes in many forms, and what you’ll need will depend upon your business. Your typical tradesmen would probably need more commercial insurance cover than a professional writer, for instance, because risks vary from business to business and for some, they’re likely to be bigger.

That said, public liability and professional indemnity are wise covers for the bulk of  businesses, whilst employers’ liability is an essential cover for any business with one member of staff or more. A legal requirement, if you don’t put it in place you could be breaking the law.

Get small business guides and news straight to your inbox

Your email address will be used by Simply Business so that we can send you the latest guides, offers and tips. You can unsubscribe from these emails at any time. For more information, check out the Simply Business privacy policy.

Are there any more commercial insurance covers out there?

In addition to the likes of public liability, employers’ liability and professional indemnity, there’s also a range of more specialist commercial insurance covers built to protect businesses. These include but aren’t exclusive to:

All these covers are available through Simply Business, and you can compare and buy in minutes. Just click on the start your quote button below to go straight to our quote form.

Hopefully that’s helped explain commercial insurance for you. However, If you do still have any questions, post them in the comments section below.

Ready to set up your cover?

As one of the UK's biggest business insurance providers, we specialise in public liability insurance and protect more trades than anybody else. Why not take a look now and build a quick, tailored quote?

Start your quote

We create this content for general information purposes and it should not be taken as advice. Always take professional advice. Read our full disclaimer

Find this article useful? Spread the word.

Share on Facebook
Share on Twitter
Share on LinkedIn

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

Subscribe to our newsletter

Categories

Popular articlesBusiness resources from FarillioGeneral businessGuestInsuranceLandlordLandlord resources from FarillioLegal and financeMarketingNewsOpinionProperty maintenanceTradesmanCovid-19 business support hub

Insurance

Public liability insuranceBusiness insuranceProfessional indemnity insuranceEmployers liability insuranceLandlord insuranceTradesman insuranceCharity insuranceRestaurant insuranceCommercial van insuranceInsurers

About

About usOur teamAwardsPress releasesPartners & affiliatesOur charitable workModern Slavery ActSocial mediaSite map

Customer support

Contact & supportPolicy renewalMake a claimProof of policyComplaintsAccessibility

Address

6th Floor99 Gresham StreetLondonEC2V 7NG

Sol House29 St Katherine's StreetNorthamptonNN1 2QZ

Careers

Careers at Simply BusinessTech careersCurrent opportunities

Benefits

BenefitsRefer a friendFinance

Legal

Terms & conditionsPrivacy policyCookie policyVuln Disclosure policy

Knowledge

Knowledge centreOpinionsMicrosites

© Copyright 2022 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.