In association with
At FSB, as well as small business insurance support, we offer a range of other benefits including our fuel card scheme, help with legal and financial matters and much more.
Visit the relevant pages of our website for further details.
Small business insurance: know what cover you need
For any small business insurance issues can seem overwhelming, whether you are a home-based sole trader or employ several people at a separate workplace.
And it's not just small business medical insurance that you have to take into account. Do you need public liability cover or professional indemnity protection? How much do you need to insure for? What would it cost to replace everything your business owns?
If you employ people, you also have to protect your business in case a staff member sues your organisation for an injury incurred at work. Legally, this cover must be worth at least £5m.
Public liability protects you if a member of the public is hurt or property is damaged through your business's actions. It's generally available as insurance for small businesses, providing cover worth £1m upwards.
Professional indemnity means you are covered if you offer professional services and make an error which costs your customer money. In recessions, there can be increased legal action by clients, some of whom may sue a supplier rather than sticking to the contract they have agreed to.
By breaking down each element of your business, you begin to appreciate the risks and the chances that they could affect your company. You can then arrange your small business cover accordingly.
Insurance for small businesses: what FSB offers
Insurance for small firms is one of the key benefits we offer at FSB.At the Insurance Service we take pride in our ability to understand an individual's business needs. Towergate Insurance has provided the FSB Insurance Service for many years and offers FSB Members:
- FREE registration and membership of FSB Insurance Service.
- FREE advice and expert guidance on all aspects of commercial and personal insurance.
- FREE quotations via our dedicated FSB Team or via the FSB Insurance Service Website.
- Dedicated Helpline 0845 762 6158 (local rate calls)
- Dedicated Website www.fsb-insurance-service.co.uk
- Additional FSB Credit Management Service available to registered members for Debt Recovery. (Contact us to learn more)
Small business insurance: further benefits
Sign up for small business cover through the FSB and enjoy even more benefits:
- You can call for specialist advice whether you have a policy with us or not.
- DISCOUNTS offered to members who purchase FSB branded policies through our dedicated scheme. (subject to underwriting criteria)
- Full independent broking service available
- Member discounts available with FSB-branded policies
Towergate and the FSB Insurance Service are trading names of Towergate Underwriting Group Ltd Authorised and regulated by the Financial Services Authority