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Our most popular package is FSB Business Essentials which includes a whole range of benefits and products designed to make your business fly
A suite of legal benefits including a dedicated helpline, bundled insurance products and a range of online information to keep your business safe. Plus a whole range of negotiated benefits to help save you money and win business.
Our Business Creation package is designed to make starting a business simpler, allowing you time to focus on what's important - making it a success.
Specialist company formation benefits, access to FSB networking, business banking and a range of products to help get you setup in business.
Whatever your circumstances, we have a package to suit you and your business. Click the button below to see which benefits are included in each package and start your FSB journey.
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We represent a diverse range of businesses from retailers to marketing agencies and just about everything in between. Take a look at more member stories and see how we could help your business fly.
More Member Stories
We offer three packages to suit your business needs. Joining FSB Connect is free, our Business Essentials package starts at £172.50 in the first year and our specialist Business Creation package has a fixed price of £129.
Professional indemnity insurance is one of many types of cover that is crucial for UK business service providers. So how does the insurance protect a business, what companies might need it and when, and what should be considered to ensure levels of cover are right?
This blog explains the key things to know about professional indemnity to make sure your business is fully covered and protected.
This type of cover protects you against a series of factors concerning the business services you provide to your clients. This includes:
Depending on your business, there are many times when you might need professional indemnity insurance. Some examples include situations involving:
Error – such as including factually incorrect information in a project you’ve done for a client
Negligence – such as client work you’ve carried out that hasn’t met the specified requirements, causing them to lose money or suffer an injury
Infringement – for example, an accusation being made that you’ve infringed a competitor’s copyright
Breaching confidentiality – for instance, an employee sending out an email to a supplier that contains confidential client information
If you’re a business that provides a professional service or gives advice, which can cause your clients to lose money or suffer an injury, then you should consider purchasing this insurance. The cover can also be essential for companies that handle client data and are responsible for intellectual property.
It’s important to mention that, depending on your services, the insurance might be a condition of a contract that you form with a client. It might also be a requirement of an industry association’s regulations, of which you’re a member, so it’s wise to check with them.
Examples of businesses that should have this cover are:
Other companies include recruitment, management, and business consultants, IT contractors, like programmers and web developers, fitness professionals, such as personal trainers and dance teachers, as well as private tutors.
Without the insurance, businesses like these can be liable for thousands of pounds of legal fees and compensation payments, if a client makes a claim against them.
If your business is a member of an industry association, having professional indemnity insurance might be a requirement for your company. In this case, the minimum level of cover you need will probably be decided for you. Otherwise, it’s important to remember that every business is different, so, when it comes to this insurance, there isn’t a one-size-fits-all solution.
To work out the cover you might need, you should consider the size of your clients and the size of the contracts you have with them. You should also think about the potential total costs you’d to need to make to defend yourself, if a claim was made against you. It’s a good idea to also consider any compensation you might have to pay, based on multiples of the fees your clients pay for your services.
Professional indemnity is one of many types of insurance that can be essential when running a business. You can read about other types of cover in our blog, What sort of business insurance do I need?
From deciding what type of policy to purchase and what it should cover to knowing what provider is best for you, there’s a lot to consider when choosing the right insurance for your business. At FSB, we offer services for our members that can help you with this. This includes:
To learn more about the benefits of this service and how it can help you and your business, please read our FSB Insurance Service page.
Hassle free - a dedicated team removes the hard work of searching for insurance, we work as a broker to find you a policy for your circumstances.