Business Insurance
Business insurance built for UK small businesses from £7 per month*
Compare business insurance from Tide.
- Choose standalone cover or combine policies to see if you could save
- Tailored to your industry, your team and how you work
- Tide is trusted by over 2 million businesses worldwide
- Pay monthly and cancel anytime
- Personalised quotes in minutes
- Tide is FCA Regulated
Get covered in three simple steps
Getting business insurance through Tide is straightforward. Quotes in minutes, no lengthy forms, just the protection your business needs.
Tell Tide about your business
Such as, what type of business you have, the size, how many employees.
Get your quote
Get personalised insurance quotes from Tide, tailored to your business type and circumstances.
Buy your policy
Happy with your quote? Complete your purchase securely online and get your certificate of insurance straight away.
Tide Business Insurance
Public Liability Insurance
Covers claims if a member of the public is injured or their property is damaged as a result of your business activities.
Read more…
Employers Liability Insurance
Required by law if you employ anyone in the UK. Covers compensation claims from employees who are injured or become ill as a result of their work.
Read more…
Professional Indemnity Insurance
Covers claims that your advice, services or professional work caused a client financial loss. Important for consultants, freelancers and service businesses.
Read more…
Benefits of Tide Business Insurance
Tide, a name businesses trust
Tide already supports over 2 million freelancers, contractors and businesses worldwide.
Tide Insurance is built with simplicity and transparency that business owners have come to expect from their business banking.
Protect your business quickly and easily.
Cover that fits your business
Not every business needs the same protection. Take out a single policy or combine multiple types of cover based on your business needs.
Just answer a few straightforward questions about your business and get quotes in minutes
Easy to Manage
Pay only for what you need, pay monthly and cancel anytime.
Manage your policies and documents in the app.
More insurance options available as you grow.
All legal and regulatory responsibilities for business insurance services introduced on the Know Your Business webpages are held by Tide Insurance Services Ltd.
What business insurance does your business need?
The right business insurance depends on what you do, who you work with, and whether you employ anyone. For most small businesses in the UK, there are three core types of cover worth knowing about
Public liability insurance is needed if your work brings you into contact with customers, clients or members of the public. It is there if someone is injured or their property is damaged because of your business, whether you work from a shop, visit clients on-site or run events.
Employers liability insurance is a legal requirement for any business that employs staff, including part-time and temporary workers and without it, you could face a fine of up to £2,500 per day.
Professional indemnity insurance is designed for businesses that provide advice, expertise or professional services. If a client claims your work caused them or their business harm, such as financial loss or breach of confidentiality, it covers legal costs and compensation owed.
What can you get covered for?
Business insurance isn’t one-size-fits-all. The cover you need depends on your industry, how you work, and who you work with. Start by reviewing where core cover could be essential, and then build your protection based on what your type of business is.
Start with reviewing:
- Compensation claims made by your employees
- Injury or property damage claims from members of the public
- Claims arising from errors or omissions in your professional work
Then build….
Trades
- Tools, equipment and materials stolen from your van or site
- Works in progress damaged by fire, flooding or vandalism
- Plant and machinery you own
- Hired-in machinery and equipment
Courier & delivery insurance
- Goods lost, stolen or damaged while being transported.
- Cover for single or multiple drops per journey
Business Insurance FAQs
What is business insurance and do I need it?
Business insurance is a broad term for a range of policies that protect your business against financial losses from unexpected events — such as claims from customers, damage to property, or legal costs. Whether you need it depends on your business type. Employers liability insurance is a legal requirement if you employ anyone in the UK, even part-time staff. Other types, such as public liability and professional indemnity, are not legally required but can be strongly recommended — and in many cases, expected by clients before you can start work with them. Even as a sole trader or freelancer, a single compensation claim without insurance could cost tens of thousands of pounds.
Is employers liability insurance a legal requirement?
Yes. Employers liability insurance is a legal requirement for almost all UK businesses that employ one or more people, including part-time workers, temporary staff and some contractors. You are required to hold a minimum of £5 million in cover, though most policies provide £10 million as standard. Failure to have valid employers liability insurance can result in a fine of up to £2,500 per day. You are also required to display your certificate at your place of work or make it available electronically.
What is the difference between public liability and professional indemnity insurance?
These are two of the most common types of business insurance, but they cover different risks. Public liability insurance covers you if a member of the public suffers an injury or property damage as a result of your business activities. Professional indemnity insurance covers you if a client claims that your advice, services, or professional work caused them harm, such as financial or breach of confidentiality. Therefore businesses, particularly those that both visit clients and provide advice often have both.
How much does business insurance cost for a small business?
Business insurance costs vary depending on your industry, the size of your business, the type of cover you need and your claims history. This means the best way to find out what you’ll pay is to get a personalised quote.