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Business insurance
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Protect your business – Compare and get your insurance quote online today
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Compare Switch is here to help business owners no matter how big or small
Up to £10 million worth of cover
You can get up to £10 million worth of public liability cover for all members of the public that interact with your business.
Protects your business against liability claims
Covers your business against legal fees, expenses, and compensation claims made against your business. This protects against injury or damage to people's property.
Available for all types of SME business
From an initial analysis to managing your account, we'll always be on hand to offer help.
Protect your excess
In the event of a claim, you normally need to pay an excess before the insurer will reimburse you. For a small cost, this cover will reimburse you for your policy excess if you need to claim.
Business insurance definition
Business insurance cover helps to protect businesses against operational losses. During the normal course of business events outside of your control can arise that could result in a financial loss to your organisation. Business insurance is essential cover to protect both you and your business.
Business insurance explained
In simplified terms having a business insurance policy will give you piece of mind knowing that you and your business is protected against any losses suffered. Business insurance policies cover a broad spectrum of protection. From public liability insurance, professional indemnity insurance, employers liability insurance to business interruption insurance, business health insurance, income protection and many more.
Whether you're a large corporation or small business, insurance cover will give you the essential protection required.
Ask yourself as a business owner, would you want protection should something happen like a professional mistake, accident in the workplace, theft or damage to your premises?
The costs and legal fees involved with sorting such incidents are not business as usual and these unexpected costs can cause problems. Insurance for business owners can give you peace of mind.
Do I need business insurance?
Whether you need business insurance or not depends on the type of business you operate. If you employ staff, it is a legal requirement that you have employers liability insurance. Does your business interact with members of the public? If so, you will need public liability insurance – it doesn’t matter whether it’s on your premises or theirs. Whereas professional indemnity insurance cover may be required by regulatory bodies that you operate under.
Outside of this, whether you need business insurance or not depends on the potential risks you face and the value you see in obtaining cover. What would you do if your business was interrupted and trading became limited or ceased for a period of time? Can you afford to lose your income?
Business insurance cover can help protect you from these uncertainties. Comparing business insurance will allow us to understand you and your business insurance needs.
What type of business insurance do I need?
Employers liability insurance
Employers' liability insurance is a legal requirement for any business employing staff. Designed to protect both your employees and your business against the cost of claims for compensation. Claims can be made by employees including
Public liability insurance
If your business interacts with members of the public, onsite or offsite, you will need public liability insurance. Public liability insurance covers two main areas; property damage made to a third party and bodily injury.
Professional indemnity insurance
Professional indemnity insurance is essential for businesses who offer advice or services to others. Should a client make a claim that the advice or service from you has resulted in a loss in revenue or damaged their reputation, it's
Product liability insurance
Are you a manufacturer, wholesaler or retailer selling products? If so, you may want to consider obtaining product liability insurance. An insurance cover designed to protect you against claims made from products sold that lead
Business interruption insurance
What would you do if there was a disruption to your business outside of your control and you couldn't operate as usual? Can you afford the financial loss? Business interruption insurance is
How much does business insurance cost?
Business insurance costs will depend upon the types of cover you’re looking for, along with the size and nature of your business, how much excess you’re willing to pay should a claim arise.
The following is taken into consideration when quoting your business insurance policy:
- Profession or trade
- Your annual turnover
- Your premises public footfall
- The number of employees you have
Policy prices for business insurance vary quite significantly, as every business is different with your own unique cover requirements – there is no “one policy fits all” solution. That’s why we offer a business insurance comparison service. We’ll help compare insurance providers to find you the cheapest business insurance, without compromising on cover.
Why compare business insurance?
Comparing business insurance with Compareswitch offers many benefits, including:
We only work with a panel of trusted suppliers Compare multiple business insurance products in one place suitability, if your business doesn’t tick all the usual boxes, we will do our best to find you the right solution. We compare cover across the market, to provide you with the best deals. Our comparison service has been designed to help find you the best business insurance and save you time and money. We work with market leaders such as AXA, NIG, Aviva, Hiscox and more. We can compare multiple insurance solutions including popular options such as shop & retail insurance and income protection insurance!
Compare and find business insurance online with our easy to use insurance finder service. Tell us a bit about your business and what you need, and we’ll work out the best business insurance for your requirements.
