Got A Question?
0208 057 4130
  • About
    • Blog
  • Private Client Insurance
    • Car & Family Fleet Insurance
    • Fine Arts & Antiques Insurance
    • High Net-Worth Insurance
    • Home (High Net-Worth) Insurance
    • Jewellery and Watch Insurance
    • Prestige Car Insurance
    • Prestige Home Insurance
    • Renovation Insurance
    • Second Home Insurance
    • Yacht/Boat Insurance
  • Private Clients Brochure
  • Commercial Insurance
    • Aviation & Aerospace Insurance
    • Business Accident and Travel Insurance
    • Business Insurance
    • Business Interruption
    • Construction Insurance
    • Cyber Insurance
    • Directors & Officers Insurance
    • Fleet & Commercial Vehicle Insurance
    • Haulage & Logistics Insurance
    • Hotels and Pubs Insurance
    • Landlord Insurance
    • Manufacturing Insurance
    • Marine Insurance
    • Motor Trade Insurance
    • Nightclubs, Bars, and Restaurants Insurance
    • Professional Indemnity Insurance
    • Public Liability Insurance
    • Real Estate Insurance
    • Sports & Events Insurance
    • Terrorism Insurance
    • Transportation Insurance
  • Contact

Advice for the Self Employed – What Insurance Do You Need?

The chance to be your own boss, set your own hours and answer to no one. Except maybe your customers. Sounds pretty appealing. It’s no wonder millions of people in the UK are self employed. 

If you’re one of them, it’s likely you’ve already registered with HMRC as self employed for tax, filled in the stacks of online forms and paperwork, and now it’s time to consider what insurance you’ll need. 

Unlike when you’re employed by someone else, you’re now responsible for ensuring your business has adequate cover if certain circumstances arise that might result in a claim. You need to make sure you and your business are protected.

Here are the types of insurance you’ll need to consider if you are running your own business. 

Contact Us 0208 057 4130

Motor insurance

If you use any vehicles as part of your business, you’ll need to ensure your motor insurance covers them for business use. The same goes for any employees who use their vehicles in the course of work. Perhaps as a delivery driver, or if you travel to and from customers. Check with your insurer, as you may need to update your policy.

Buildings and contents insurance

Buildings insurance will protect your business premises in the case of flood, fire, theft, etc. While your standard home and contents policy might cover some of your business contents, such as a laptop for ‘clerical use’, it’s always best to check and to ensure you have a comprehensive policy to cover everything. 

You could also take out equipment insurance to cover any IT equipment, machinery, or even your trade tools. This can often be added to your existing business insurance products, so check with your insurance broker or provider.  

We are the right people for you

Lets work together

Contact Us0208 057 4130

Stock insurance

If you keep stock, either at home or at your business premises, you’ll want to insure it against theft or damage. Your standard home and contents policy won’t cover it. 

Similarly, if you’re transporting your products, goods-in-transit cover will protect you against losses incurred from products lost or damaged during transit. 

Client quote / testimonial is

Top reason to choose Company

Last year we provided over xxxx policies

We are a team of xxx experts here to support you

Credit insurance

Unfortunately, when dealing with customers, not everyone will pay on time. Or, if your client’s business fails, and they are unable to pay, you’ll be left uncompensated. That’s where credit insurance comes in. This will cover a percentage of your costs should a customer fail to pay you in time (or at all). You can tailor your policy to cover certain customers, or all customers. 

Business interruption insurance

We can’t always predict when disaster might strike (take the current situation, for example). Business interruption insurance can cover your business for costs incurred or loss of profits as a result of an unforeseen disaster. 

We are the right people for you

Lets work together

Contact Us0208 057 4130

Key person insurance

If an important member of your business falls seriously ill or dies, and this causes your business to suffer financial loss, key persons insurance would cover you for such a loss. This could be the director, or someone with specific expertise that the business cannot run without. 

Professional indemnity insurance

For businesses that provide advice or certain types of services to clients, professional indemnity insurance is a worthwhile cover to invest in. It will cover you should a client claim for compensation for negligent work or advice, or any mistake made by your company that causes them financial loss. 

Client quote / testimonial is

Top reason to choose Company

Last year we provided over xxxx policies

We are a team of xxx experts here to support you

Public liability insurance

This is particularly relevant if you have people visiting your business premises. Public liability covers you for mistakes that cause injury or damage to a member of the public or their property. An example of this is a customer slipping on a spillage where there is no warning sign. 

We are the right people for you

Lets work together

Contact Us0208 057 4130

Employers’ liability insurance

When you’re employing people, it’s a legal requirement to take out employers’ liability insurance. This covers you for claims made by employees who suffer illness or injury in the course of their work. You’ll need a minimum cover amount of £5m and can be fined for every day you don’t have cover in place.

Product liability insurance

If one of your products has a defect and as a result, causes injury to someone else or damage to their property, you could be liable. Particularly relevant if your business is in the food and drink or electronics industries. This usually comes under your public liability insurance, so make sure you check your policy.

Other cover you might wish to purchase if you’re self employed is legal expenses cover, which will protect you over any legal costs incurred if a claim is made against you. Another is cyber insurance, should your customer information get hacked, for example.  

Critical illness cover

When you’re employed, you may benefit from your company’s sick pay policy. But, when you’re self employed, you’ll have to rely on Statutory Sick Pay, should you fall ill. If you end up too sick or injured to work, or you are diagnosed with a serious illness, your business could lose profits and put you in a tough situation. Critical illness cover provides you with a tax free lump sum to cover you and your business if you fall ill (provided the illness is covered in your policy). Common policies will cover illnesses such as cancer, a heart attack or a stroke. 

This type of cover can help you pay off outstanding debt, cover your mortgage and any alterations needed for your home or business such as wheelchair access. 

Client quote / testimonial is

Top reason to choose Company

Last year we provided over xxxx policies

We are a team of xxx experts here to support you

We are the right people for you

Lets work together

Contact Us0208 057 4130

Life insurance

Critical illness is a worthwhile cover to take out, however it won’t pay out if you die as a result of your illness. Therefore, if you have dependents, you might want to consider taking out life insurance, too. If you die, your dependents will receive a payment to help cover costs such as debts and mortgage payments. 

Income protection

If, as a result of sickness or injury, your business experiences a loss of earnings, long term income protection will provide you with a payout to help tide you over until you can return to work (or the policy ends). Short term protection, on the other hand, can last between one and two years. Suitable for covering against loss of business earnings due to accident or illness. 

 

If you’re self employed and unsure which insurance products are necessary for you to run your business, speak to an independent insurance broker for advice and support. Call Dover Street Insurance Brokers on 0208 057 4130 today. 

We are the right people for you

Lets work together

Contact Us0208 057 4130

Bespoke Insurance Solutions

Personal & Tailored Service

Experts in the Private Client Sector

For individuals, family offices and businesses

Got a Question?
Let us help

Enquire Today

Straight Forward Claim Service
Puts You in Control

Got a Question?

Taking the hassle out of Insurance...

Speak to a member of our dedicated team



0208 057 4130

Book A Consultation
Dover Street Insurance

35 Dover Street,
London,
W1S 4NQ

0208 057 4130

Dover Street Insurance Brokers is Authorised and Regulated by the Financial Conduct Authority, No: 916584

Company Info

  • Home
  • About Us
  • Blog
  • Contact Us
  • Cookie Policy
  • Request Personal Data
  • Privacy Policy

Our Services

  • Private Client Insurance
  • Commercial Insurance

Most Used Services

  • Car & Family Fleet Insurance
  • Fine Arts & Antiques Insurance
  • High Net-Worth Insurance
  • Home (High Net-Worth) Insurance
  • Jewellery and Watch Insurance
  • Prestige Car Insurance
  • Prestige Home Insurance
  • Renovation Insurance
  • Second Home Insurance
  • Yacht/Boat Insurance
  • Business Insurance
  • Construction

News

  • Business
  • Business Accident & Travel
  • Business Interruption
  • Construction
  • Cyber Insurance
  • Directors & Officers
  • Marine
  • Professional Indemnity
  • Public Liability
  • Transportation

Proudly built by DNRG.
© 2021 – Present

Registered in England & Wales, No: 10119835

February 2023
Mon Tue Wed Thu Fri Sat Sun
303112345
6789101112
13141516171819
20212223242526
272812345

Ask A Question


    We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners who may combine it with other information that you’ve provided to them or that they’ve collected from your use of their services.
    Accept
    Change Settings
    Cookie Box Settings
    Cookie Box Settings

    Privacy settings

    Decide which cookies you want to allow.

    You can change these settings at any time. However, this can result in some functions no longer being available. For information on deleting the cookies, please consult your browser’s help function.

    Learn more about the cookies we use.

    With the slider, you can enable or disable different types of cookies:

    • Block all
    • Essential
    • Functionality
    • Analytics
    • Advertising

    This website will:

    • Essential: Remember your cookie permission setting
    • Essential: Allow session cookies
    • Essential: Gather information you input into a contact forms, newsletter and other forms across all pages
    • Essential: Keep track of what you input in a shopping cart
    • Essential: Authenticate that you are logged into your user account
    • Essential: Remember language version you selected

    This website won't:

    • Remember your login details
    • Functionality: Remember social media settings
    • Functionality: Remember selected region and country
    • Analytics: Keep track of your visited pages and interaction taken
    • Analytics: Keep track about your location and region based on your IP number
    • Analytics: Keep track of the time spent on each page
    • Analytics: Increase the data quality of the statistics functions
    • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies.
    • Advertising: Gather personally identifiable information such as name and location

    This website will:

    • Essential: Remember your cookie permission setting
    • Essential: Allow session cookies
    • Essential: Gather information you input into a contact forms, newsletter and other forms across all pages
    • Essential: Keep track of what you input in a shopping cart
    • Essential: Authenticate that you are logged into your user account
    • Essential: Remember language version you selected
    • Functionality: Remember social media settings
    • Functionality: Remember selected region and country

    This website won't:

    • Remember your login details
    • Analytics: Keep track of your visited pages and interaction taken
    • Analytics: Keep track about your location and region based on your IP number
    • Analytics: Keep track of the time spent on each page
    • Analytics: Increase the data quality of the statistics functions
    • Advertising: Tailor information and advertising to your interests based on e.g. the content you have visited before. (Currently we do not use targeting or targeting cookies.
    • Advertising: Gather personally identifiable information such as name and location

    This website will:

    • Essential: Remember your cookie permission setting
    • Essential: Allow session cookies
    • Essential: Gather information you input into a contact forms, newsletter and other forms across all pages
    • Essential: Keep track of what you input in a shopping cart
    • Essential: Authenticate that you are logged into your user account
    • Essential: Remember language version you selected
    • Functionality: Remember social media settings
    • Functionality: Remember selected region and country
    • Analytics: Keep track of your visited pages and interaction taken
    • Analytics: Keep track about your location and region based on your IP number
    • Analytics: Keep track of the time spent on each page
    • Analytics: Increase the data quality of the statistics functions

    This website won't:

    • Remember your login details
    • Advertising: Use information for tailored advertising with third parties
    • Advertising: Allow you to connect to social sites
    • Advertising: Identify device you are using
    • Advertising: Gather personally identifiable information such as name and location

    This website will:

    • Essential: Remember your cookie permission setting
    • Essential: Allow session cookies
    • Essential: Gather information you input into a contact forms, newsletter and other forms across all pages
    • Essential: Keep track of what you input in a shopping cart
    • Essential: Authenticate that you are logged into your user account
    • Essential: Remember language version you selected
    • Functionality: Remember social media settings
    • Functionality: Remember selected region and country
    • Analytics: Keep track of your visited pages and interaction taken
    • Analytics: Keep track about your location and region based on your IP number
    • Analytics: Keep track of the time spent on each page
    • Analytics: Increase the data quality of the statistics functions
    • Advertising: Use information for tailored advertising with third parties
    • Advertising: Allow you to connect to social sitesl Advertising: Identify device you are using
    • Advertising: Gather personally identifiable information such as name and location

    This website won't:

    • Remember your login details
    Save & Close