Start-up business insurance

According to ABI, UK business insurers pay out around £22 million every single day in business insurance claims. Yet many small and medium-sized businesses are actually uninsured, leaving them unprotected against risk. As a start up, a single claim could lead to you having to pay out, leading to issues with cash flow. The right insurance can help towards this, giving some peace of mind. 

We can help cover the majority of start-ups in most industries, including but not limited to:

• Brick-and-mortar businesses - Including hospitality, retail shops and salons
• Professional services like consultants, accountants 
• Wholesale or manufacturing businesses 
• Creative agencies and studios
• Residential landlords and commercial landlords
• Sole traders and freelancers
• E-commerce and online retail businesses 
• Home-based businesses and remote-working sole traders and freelancers 
• Tradesmen and contractors 

Can’t see your start-up business here? It’s likely we can still help you. Start a quote online and a member of our insurance team will be on hand to help you through the process.

Being an entrepreneur doesn't come without its risks. You should consider insurance for your start up: 

• A client slips and falls in your office or workspace 
• A client claims professional negligence over a product or service 
• A team member gets injured as a result of their work 
• Business insurance can signal credibility to clients 
• Some contracts may ask for proof of cover before you can start 

Having the start up business insurance could help if someone makes a claim against you, or if you need to make a claim. Employers' liability insurance is a legal requirement for most UK businesses that employ anyone — even on a temporary, part-time or casual basis. Without it, you could face a fine of £2,500 for every day you don't have the right cover in place. 

Start-up insurance could cost from 54p a day*

No two insurers are the same, and the following will affect start up business insurance costs and your premium:

• Sole trader/premised business - Whether you work from home or have an office will affect the types of cover on offer.
• Extent of cover - The more cover you opt for, the more expensive your package is likely to be.
• Your insurer - The insurer you choose will also influence costs.
• Business activities - The type of services you offer will play a big part in determining the scope of your cover, influencing costs. for example, if you trade online or from a physical store.
• Location  – Where you work is taken into consideration when calculating the price of your premiums.
• Claims history - Whether or not you’ve had previous claims made against you or you have made previous claims may affect your future premiums.

Get in touch today to find out how much you could be paying. Start a quote online to get going.

_{*This price is for a offices and surgeries policy  – 10% of customers who were sold with one of our panel providers paid £197.16 or less annually (excluding any additional administration fees) between 01/01/25 & 31/12/2025. Equivalent to £16.43 a month or £0.54 a day (and excludes the extra costs for paying monthly). Your actual policy and price may vary based on your business requirements.}

At Bionic, we champion UK business owners and want to help in every way we can. That’s why we use a team of knowledgeable insurance brokers who work with a panel of trusted insurers to find you the right insurance for your start-up. 

Our UK-based team helps business owners daily, compare business insurance quotes to find the right insurer that fits. Get in touch with us today by starting a quote online.