What Insurance Does a Small Business Need?

The right insurance for a small business depends on what the business does, where it operates, whether it works on client premises, whether it gives advice, and what one serious loss could cost. The strongest way to review it is as a checklist rather than as one vague question.

Small business insurance checklist

• If your business could injure someone or damage third-party property, review public liability insurance
• If your business gives advice or professional services, review professional indemnity insurance
• If your income would stop after a serious insured event, request advice on business interruption insurance
• If you rely on stock or materials in transit, request advice on goods in transit insurance
• If you handle sensitive systems or data, review cyber liability insurance
• If you employ staff and want added employee-claim protection, review employers liability insurance
• If you are project or contractor based, review contractors all risk insurance
• If you want a broader package approach, request a business insurance quote

Knowledgehub pages to compare

• What is business interruption insurance?
• What is cyber liability insurance?
• What is product liability insurance?
• What is contractors all risk insurance?
• What is employers liability insurance?
• How public liability insurance works
• How professional indemnity insurance works
• How much public liability costs
• How much professional indemnity costs
• Is business insurance tax deductible?
• Is business insurance required in South Africa?
• What insurance do contractors need?
• What insurance do consultants need?
• How to make an insurance claim
• How insurance underwriting works
• Insurance risk assessment explained