Business Insurance Comparison

Home insurance generally only covers items that you own, so if you’ve shipped any work equipment into your house, it’s unlikely this will be covered by your existing home insurance policy.   

If this is the case, you will need to tell your home insurer you are running a business from your home as this may materially affect your home insurance policy. You’ll need to speak to your provider and possibly arrange work-from-home insurance or a home business insurance policy. Find out more in our  guide to business insurance when working from home. 

If you have business buildings, business contents, and stock insurance as part of your business insurance policy, then this should cover damage to your premises as well as damage or loss to contents and stock.  

If you've included business interruption insurance to your policy and there is damage at your premises, you’ll be covered for loss or trade or profit if riots are included in your policy wording.  

If your business has been affected by riots or civil unrest, contact your insurer as soon as possible so they can advise on the next steps. You can find out more in this guide - Is damage caused by riots covered by business insurance? 

Bionic is a broker for a range of business services, including insurance. We help customers find the right insurance for their business's specific needs. We are not an insurer and don't provide coverage ourselves. Instead, we compare quotes from a panel of insurers to find the right types of policies and coverage limits to protect customers against the risks to their business. 

Public liability covers injury or damage caused as a result of the business or it’s activities. If a customer falls down a broken step at the premises, slips over on spilled water on the floor or gets food poisoning from the food sold at the business and served by employees, all of these types of scenarios would be considered as a public liability claim. 

Product liability insurance is a type of commercial insurance that covers claims made against you if a product you’ve designed, manufactured, or sold causes injury or damage to people or their property. 

H3: Does business insurance cover legal expenses? 

If you think you’ll need to have the cost of legal expenses covered, which could include legal representation, then you’ll need legal expenses cover. If your business is one that is prone to legal claims, either brought by or against you, it could be a worthwhile investment. 

Business interruption insurance covers loss of income or earnings if your business must close or can’t trade because of property damage cause by unforeseen events listed on your policy.

You can get business insurance before registering your business, and it’s unlikely that you’ll need to provide your company registration number or any business registration details when taking out cover. You can take out a business insurance policy before you’ve started trading, and this might be necessary if you need to store stock and equipment before you are fully open for business. 

The way your claim is processed and the time it takes for you to be paid out will depend upon your insurer and the complexity of the claim you’re making. If you’re claiming for damage or losses in the case of an accident or disaster, you’ll need to provide photographic evidence to support your claim. If it’s a claim for theft or vandalism, you’ll also need to provide a police crime number. 

Whatever you need to claim, it helps you to be prepared and have all your contact numbers and policy details in a safe place. It might also be worth keeping the details on your phone, so you’ll have them to hand immediately.