Home Business and Home Office Insurance
Home business insurance for home offices and workspaces. Any profession or trade, legal liabilities up to £25m, office contents, specialist items, fixtures & fittings & stock
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Home business Insurance
The government estimate that 2.9 million businesses are working from home the UK and, since the coronavirus pandemic started, this is only set to increase. However, one area that’s often neglected is business insurance cover, and that’s where we come in!
Our team of expert business insurance advisors are here to understand your specific risks and compare home-based business insurance quotes from up to 10 of the UK’s leading insurers so that you can find the right cover at a price.
Types of Home Business Insurance
There are three types of business insurance policies you might need if you are operating a business from your home.
- Clerical business use – when you have a home office and are mainly doing work on a computer.
- Regular business visitors insurance – when your clients regularly visit you at your home-business premises, e.g. a home salon, childminders, therapists, accountants etc.
- Other business use insurance – this is more of a miscellaneous category. For example, you don’t typically have people come to your home, but you also don’t work in an office. This might include a carpenter with a workshop in their shed, a caterer in their home kitchen, someone with an e-commerce store and others.
Public Liability Insurance
Public Liability insurance will protect your business from financial losses following a compensation claim for third-party personal injury or property damage. In the event of a claim, your policy will respond and cover both legal fees and full compensation payments up to your level of indemnity. Public Liability is a standard part of most business insurance policies.
Your regular home cover will contain a Public Liability section for regular visitors; however, may not extend to business visitors.
Your Business Public Liability insurance will also cover you in cases of accidental damage to property or third-party injury when you are working outside of your home. For example, if you visit a client site for a meeting or to carry out work on their property. Our specialist team can make sure you have adequate insurance for your home-business activities that will shield your business from both legal fees and potential compensation costs.
Professional Indemnity Insurance
Professional Indemnity insurance will cover you for professional negligence claims concerning work you have carried out. If you offer advice as part of your professional service, you have a heightened duty of care to your clients. Because of this, your clients can take legal action against you if they believe you have been professionally negligent.
Having a comprehensive Professional Indemnity Insurance policy means your insurer will cover both legal costs and compensation payouts in the event of a valid negligence claim.
Products Liability Insurance
If your home business is an e-commerce business, you should also consider Products Liability Insurance. If you are manufacturing, designing or distributing physical products, Products Liability cover comes highly recommended. You can purchase Products Liability alongside your Public Liability insurance.
Buildings and Contents Insurance
As a business, you will need specialist cover for your property and office equipment. Protect yourself from the cost of perils such as fires, floods and theft with business buildings insurance and contents insurance. Business contents insurance is separate from your home contents insurance, so don’t assume that your business or office equipment will all be covered automatically under your regular home contents policy.
An all-risks policy can even cover your business items when you’re working away from your home office. For example, while on a business trip, your work laptop and mobile phone suffers accidental damage or is stolen.
Business buildings insurance covers the building your business is based in from insured events. For example, you erect a purpose-built office space in your garden which may not be covered under your standard home insurance. Business buildings insurance will cover both the cost of the rebuild or repair of your business premises in the event of a disaster.
At Insync, our team of insurance experts can provide advice on what kind of cyber cover, if any, that your business needs. Cyber cover protects your business from financial losses and any third party liability claims as a result of:
- System damages including data breach investigation
- Accidental data breaches
- Ransomware attacks
- Cyber business interruption cover
In many cases, Employers Liability insurance is a legal requirement if you take on any employees. Home businesses are no different. However, there are a few exceptions. If you exclusively hire immediate family members, you may not need Employers Liability insurance.
For instance, you are running your business from your home office, and your spouse helps you as part of the company; you would not require Employers Liability. Meanwhile, if someone outside of your immediate family were to carry out the same tasks – you would need Employers Liability.
Without the correct insurance, the government can fine you £2,500 for every day you are not adequately insured.
Personal Accident Insurance
If you are a self-employed individual or partnership, you might want to consider Personal Accident Cover as an extra insurance option.
Life can take us by surprise, and sometimes injuries can take us out of work for a while.
Personal Accident Cover can provide peace of mind for self-employed people while they recover from injuries sustained in an accident regardless of whether it was work-related or not.
Personal Accident Insurance can also provide a lump-sum payment in the event of a life-changing injury or accidental death.
Why choose insync for Home Business insurance?
In today’s digital world, business has evolved, so why hasn’t your insurance broker?
We’re one of the UK’s fastest-growing insurance providers, offering exclusive schemes and facilities for home businesses throughout the UK.
Say goodbye to one-size-fits-all business policies that have you paying for extras you don’t need and the slow, outdated and inefficient way business insurance is traditionally arranged!
Home Business Insurance
Insync for Home Business Insurance
Home Business Insurance
Insync for Home Business Insurance
Exclusive FREE Benefits for all customers
At Insync, we are dedicated to delivering to our customers not only superb prices but a satisfying customer experience.
As a thank you for joining us, our customers can enjoy access to our exclusive benefits platform, Insync Benefits.
This is entirely free to our customers. Our Insync Benefits platform provides you with discounts and offers from some of the biggest high street brands.
Asked Working From Home Insurance
We have prepared a list of the questions we are regularly asked by Customers before and after buying a policy.
If you need further help we are always available.