Compare Business Insurance Premiums

Introducing our insurance partner

Owned by Brown & Brown, Insync is one of the UK’s fastest-growing insurance providers, delivering comprehensive cover for SMEs and the self-employed. Our expert team tailors insurance solutions to meet individual business needs, comparing prices from our Lloyds of London-approved partners, including but not limited to Allianz, Aviva, AXA, Axis, Beazley, Covea, Hiscox, Markel, RSA, and Zurich.

We believe business is about people and relationships, which is why our dedicated advice and personal service remains central to what we do.

How does Utility Bidder business insurance work?

Whether it’s a third-party injury or a significant professional indemnity claim, as a business owner, there’s always a possibility that things may not go as planned.

From public liability insurance, and professional indemnity insurance to employers’ liability coverage, business or commercial insurance can provide comprehensive protection for the many risks you encounter.

Types of business insurance

Our service allows you to access several types of business insurance.

Public liability insurance

Public liability insurance shields your business from claims related to accidental injuries or property damage, whether they come from your customers, visitors, or locations you visit.

Employer liability insurance

Employers’ liability insurance safeguards you and your limited company from claims related to work-related injuries or illnesses made by your employees. It’s a legal requirement if you have employees working for your business (unless you only employ family).

Professional indemnity insurance

Professional indemnity insurance protects by covering the cost of claims and legal expenses if you’ve made an error or provided incorrect advice, leading to a financial loss, and a client files a claim against you.

Products Liability Insurance

Products Liability Insurance for manufacturers, retailers, online retail, wholesalers, distributors, and import or export including from China and Far East

Running a business is difficult, we make insuring your business simple!

Running a business, whether it’s just starting, or you’ve been at it for a while, comes with many things to handle. We specialise in providing insurance for small businesses, such as:

Really small businesses (with 0-9 employees)
People who work for themselves (like freelancers)
One-person businesses (sole traders)

With their types of business insurance, you can choose the coverage that fits your business best. This way, you only pay for what you really need and nothing extra. It’s all about making insurance easy for your small business.

How much business insurance do you need?

It’s crucial you match your coverage to your actual requirements to avoid unnecessary costs. Fortunately, many of the insurance options come with various levels of cover, allowing you to select the right amount for your specific needs.

In the examples below, regardless of the coverage limit you choose, you will be protected for the same things. The primary difference lies in the limit to the amount of compensation available in case of a claim. Trade areas Insync can cover are not limited to, but include:

Commercial risks (Shops, Offices, Restaurants, Public Houses)
Trade Risks (Builders Merchants, Manual Labourers, Electrical Engineers, Roofing Companies)
Cyber Insurance
Public & Professional Liability
Directors & Officers Insurance
Products & Employers Liability Insurance
Medical Malpractice
Motor Trade Insurance
Landlords & Rental Property Insurance

How much does business insurance cost?

The cost of your business insurance hinges on several factors, including the nature of your profession, the specific insurance required, and the extent of coverage.

This expense is referred to as your premium. Insurers determine your premium by considering numerous factors, such as the nature of your work, the scale of your contracts, and the types and levels of coverage you select.

Like other types of insurance, business insurers assess your likelihood of filing a claim and the potential cost of such a claim. Consequently, businesses facing greater risks of such compensation costs from claims typically incur higher premiums.

Determine your insurance costs by comparing business insurance quotes from a range of reputable insurers. You have the flexibility to customise your policy to suit your needs, ensuring you only pay for the coverage you need for your business.

Building your business insurance quote

You have the flexibility to tailor your policy to your specific business requirements.

For many businesses, public liability insurance is a crucial component of their cover. Additionally, if you have employees, you are legally obliged to obtain business insurance, even if they are contractors, part-time workers, or temporary staff (unless you only employ family).

It’s ultimately your responsibility to determine the most suitable coverage for negligent services in your particular industry.

When purchasing insurance, it’s vital to provide accurate answers to all questions and select cover levels that are sufficiently high to ensure protection in case you need to file a claim.

Is business insurance a legal requirement?

In certain situations, yes, business insurance can be necessary. If your business has employees, including volunteers, apprentices, contractors, or temporary workers, employers’ liability insurance is a legal requirement as per the Employers’ Liability Act of 1969. This legal obligation doesn’t apply if you exclusively employ family members, although it’s still available to consider for added protection.

By law, you must have at least £5 million in liability coverage. This helps ensure that if someone gets injured or falls ill due to their work for your business, even years later, you can have confidence in your coverage.

Although not legally mandated, it’s worth noting that some clients may request proof of specific types of insurance, such as public liability insurance, before offering you work. Additionally, certain professional regulatory bodies may have their own requirements for professional indemnity insurance. You’ll be asked about your professional body membership when you request a quote, if applicable to your business. And the insurance documentation you receive will demonstrate you meet those requirements.

You have the option to include this business insurance in your policy when you request a quote online.

Frequently asked questions

The insurance coverage your business requires depends on several factors, including the type of business you operate, its size, location, industry, and specific risks associated with your operations.

The cost of your business insurance, also known as the premium, can be influenced by several factors. Insurance companies consider these factors when determining the price of your coverage. While these factors can vary depending on the type of insurance and the insurer, they generally include elements such as your business size, industry, and claims history.

The COVID-19 restrictions and lockdowns compelled small businesses of all sizes and across various industries to temporarily shut down. Some had to close their physical outlets, while others faced disruptions in their supply chains that rendered them unable to operate.

While certain business interruption policies might have offered a form of coverage akin to forced closure insurance, numerous small business owners discovered they were not protected because their policies did not encompass such events. Whether you’re purchasing coverage or filing a claim, the precise wording of the policy is of paramount importance.

Public liability insurance primarily covers claims made by third parties, such as customers, clients, or members of the public, who allege that your business’s actions or negligence caused them injury or property damage. It generally does not cover the actions of employees themselves while they are acting within the scope of their employment.

However, if an employee’s actions result in injury or damage to a third party, and your business is found liable for those actions, public liability insurance provides cover for legal and compensation costs. In such cases, it’s essential to have a clear understanding of your policy terms and any exclusions that may apply.

You can get insurance before your business is registered. But if you intend to set up a trading name or be a limited company the policy will need to be updated, which could incur additional administration charges.

The requirement for business insurance when you are self-employed can vary depending on several factors, including your business activities, location, and industry.

In many cases, you can obtain business insurance without having a trade licence, but the availability of insurance and the specific requirements may depend on the type of insurance and the regulations in your location.

Whether you need insurance coverage when working from home depends on several factors, including the nature of your business, your homeowners or renters’ insurance policy, and any legal or contractual requirements.

The amount of excess (also known as a deductible) you should expect to pay on your business insurance policies can vary widely depending on the type of insurance and the specific policy terms.

Get your free business insurance quote today

If you’re unsure about the type of business insurance cover you need or require, don’t worry. When you request a quote, you’ll be asked detailed questions right from the start to help you in the right direction, regardless of your business’s nature.

Our partnership with Insync insurance

Compare different types of business insurance and get a free quote from Insync, Utility Bidder’s trusted partner