Insurance: business property and assets

Insurance can protect your business from financial losses due to property damage or the loss of physical assets such as business equipment, vehicles, tools, and stock.

Business insurance can cover you against a range of business risks such as damage, theft, professional mistakes, and legal fees if professional legal help is required to put things right. Business insurance can help you to continue to operate, at least in some capacity, if things go wrong.

Is insurance a legal requirement for my business?

Insurance cover for business property or contents is not a legal requirement but some business insurance is, eg motor insurance if you run business vehicles. Also if you employ staff you are required by law to have employers' liability insurance and if your business operates in a particular professional sector such as the legal, accountancy, and healthcare industries you are required to have professional indemnity insurance. See business insurance you must have by law.

The cost of business insurance depends on a range of factors including the nature of your business, the type of insurance you need and the level of cover your business requires.

This guide provides information on the different types of general and commercial insurance available to businesses including commercial property insurance, business contents insurance, cyber insurance, commercial vehicle insurance, and specialist insurance for businesses. It also outlines how to get the right insurance cover and how to make an insurance claim.