Which types of business insurance must you have in place?
Here is Bytestart’s review of the main insurances that small businesses ‘must have’, cover you ‘should have’, and several ‘could have’ policies.
There are many types of business insurance. Here we look at the types of cover you must have in place, as well as those which may provide you with peace of mind.
Here is Bytestart’s review of the main insurances that small businesses ‘must have’, cover you ‘should have’, and several ‘could have’ policies.
Employers liability insurance is a type of business insurance policy that virtually all firms employing someone must take out. However, there are some notable exceptions.
IR35 insurance will protect your limited company in the event that an enquiry is made into your tax return, or via a PAYE compliance visit. In some cases, this could result in a Tax Tribunal.
If you are in business and provide any type of professional service to clients, you need to consider taking out Professional Indemnity Insurance.
Public liability insurance will protect your business if you cause an injury to a member of the public, or property belonging to another business or… Read More »Public liability insurance – guide for business owners
Professional Indemnity (PI) insurance is an important consideration if you provide professional advice to clients via your own limited company.
Tax investigation insurance is a type of policy which provides financial cover in case your business is subject to an HMRC enquiry.
If you’re considering taking out life insurance, you could save up to 50% on your premiums by setting up cover via your own limited company. This is a tax-efficient way of protecting yourself and your family.
one thing that many people don’t think about with their home-based venture is insurance. Existing house insurance policies are designed to cover domestic arrangements, and may actually be invalidated by you working at home.
An executive income protection policy can provide peace of mind, as well as tax efficiency, as the premiums can typically be funded by your limited company.