home business insurance

Public liability insurance can cover damages and claimants’ costs and expenses for your legal liability in the event of accidental death, bodily injury or illness to a third party, or damage to property belonging to a third party that is not in the custody or control of you, your family or domestic staff.

If you are operating a business and have staff then you must take out Employer’s Liability Insurance. This can cover you in the case of claims relating to illness or injury of staff as a direct result of their employment in your company. Up to £2,500 in fines per day can be charged if you do not have this form of insurance in place. Sole traders are exempt from this.

At Homeprotect, home business office equipment is covered automatically up to £3,000 per claim as standard. This includes desktop computers, printers, fax machines, photocopiers and other administrative equipment belonging to you and used in conjunction with your business at the property.

The cost of business insurance can vary depending on the type of cover that you need. As with other home insurance quotes, your premium is determined by the answers you supply surrounding your personal circumstances, your property, the nature of your work and your claims history, among other things.

You should also consider whether you require:

• Professional indemnity insurance.
• Public liability insurance.
• Employer’s liability insurance.
• Business buildings insurance.
• Insurance for stock and/or tools.

Firstly, congratulations on your success! Now your business is growing there are a few things which you need to pay attention to. For instance, health and safety is paramount and particularly so when you are employing other people. If that is the case then you will also need to look into having employers’ liability insurance. Personal liability insurance and/or public liability insurance are also necessary depending on the number of customers visiting your property. Start a quote for more details of what can be included in a policy.

Yes, business equipment is covered as standard under a Homeprotect Contents policy – up to £3,000 per claim. A higher claim limit can potentially arranged following referral to our underwriting team.

We define business equipment as equipment used to run your business, such as desktop computers, keyboards, monitors, office furniture, photocopiers, printers, routers.

Laptops, mobile phones and other electronic gadgets are also covered under a Homeprotect Contents policy, though these are not subject to the £3,000 claims limit.

Business tools (e.g. professional lawnmowers, kilns, power tools) and business stock are not covered as standard under a Homeprotect policy, though they can be potentially covered following referral to our underwriting team.

Most insurance policies exclude property that is used for business. This is why we have developed our policy for people who run a business at home, specifically for you. The policy includes the cover you need for business equipment, public liability cover and in some cases a certain amount of insurance for your business stock. Find out more about our home business insurance.