Policies you must have as a small business There’s only one policy you’re legally required to have as a small business, and that’s employers’ liability insurance (EL). EL covers your business in the event that one of your staff members claims they’ve suffered an illness or injury as a result of working for you.

Can an individual get general liability insurance?

You can get your own general liability policy. You can purchase general liability insurance from an insurance provider. To show a client that you are covered, request a certificate of insurance from your provider. This option is usually more cost-effective for your clients.

Who needs to take out public liability insurance?

Public liability insurance is required by small businesses and the self-employed as it may cover: Legal liability of a business to compensate the damages made to the general public on account of injury, death, damage to property and possessions due to business negligence.

Do I have to pay for business insurance?

If your business requires a license, you can buy business insurance without it. Your insurer may not pay out, however, if you start trading and have to make an insurance claim before your trade license is in place.

When do you need general liability insurance for your business?

Most likely you’ll need general liability insurance, especially if your business deals with the public. This is especially true if you work at customers’ homes or offices, as general liability insurance can help cover third-party accidents, physical injuries, and property damage.

How to make a general liability insurance claim?

To make a general liability claim, simply call your insurance provider. Your agent will ask you to provide a description of the incident and basic information such as your name, the business name, and your policy number. Your insurance agent can guide you through the process and provide answers to any additional questions.

What kind of insurance do I need for my business?

If that’s the case, Simply Business can help you determine how much coverage your business may need. Keep in mind that general liability insurance can also help you secure large government contracts or even customers who want proof of insurance.

Do you have to have general liability insurance for contractors?

General liability insurance covers you and your employees, but typically does not include independent contractor insurance coverage. You can either add contractors to your policy on a temporary basis as an additional insured, or require them to purchase their own general liability insurance for contractors policy.