Skip to main content
We're here with practical information for your business. Learn about business planning, running a business and more.

Search

For a successful business, you need a viable business idea, the skills to make it work and the funding. Discover whether your idea has what it takes.

Forming your business correctly is essential to ensure you are protected and you comply with the rules. Learn how to set up your business.

It is likely you will need funding to start your business unless you have your own money. Discover some of the main sources of start up funding.

Businesses and individuals must account for and pay various taxes. Understand your tax obligations and how to file, account and pay any taxes you owe.

Businesses are required to comply with a wide range of business laws. We introduce the main rules and regulations you must comply with.

Learn why business planning is an essential exercise if your business is to start and grow successfully, attract funding or target new markets.

Marketing matters. It drives sales and helps promote your brand and products. Discover how to market your business and reach your target customers.

Some businesses need a high street location whilst others can be run from home. Understand the key factors from cost to location, size to security.

Your employees can your biggest asset. They can also be your biggest challenge. We explain how to recruitment and manage staff successfully.

It is likely your business could not function without some form of IT. Learn how to specify, buy, maintain and secure your business IT.

Few businesses manage the leap from start up to high-growth business. Learn what it takes to scale up and take your business to the next level.

Business law

Being adequately insured is essential, no matter how robust your security or safety processes. Some insurances are compulsory whilst others are optional.

  • Almost all employers must have employers' liability insurance, which provides protection against claims for accidents or illnesses employees suffer as a result of work. You can be fined £2,500 per day if you are not properly insured.
  • If your business uses vehicles, you must at least have third-party motor insurance (although fully comp is more advisable).
  • Professional indemnity insurance - which provides protection against legal action taken by those who believe they've been given bad advice - is also compulsory for some businesses in the legal, accountancy and financial service sectors.

Most other types of insurance policy are optional. Although they provide another overhead, they can help you to survive should your small business be faced with an unforeseen crisis.

Insuring your premises

You should seriously consider taking out buildings and contents insurance on premises, fittings, equipment and stock to protect your business from losses caused by theft, fire or flood. Another option is business interruption cover, which, in the event of a serious problem, can help you to carry on trading until your business gets back on its feet.

Insuring key people

Many small businesses rely heavily on one or two key employees - which usually includes the owner-manager. Key person insurance protects the business against loss in the event of their absence through serious illness, injury or death.

If the products or services you sell could harm the public, you should consider public liability insurance. It covers damages and legal costs when a member of the public dies, is injured or suffers damage to their property. Additionally, product liability insurance can cover the cost of damage or injury caused by products you make, sell or repair.

Preventing an insurance claim

While you can insure against many risks, it's better to prevent problems arising in the first place. Some of the key areas to examine include your health and safety policies, how you manage your environmental responsibilities and deal with intellectual property.

More advice on insurance for business

As with all products, you must shop around for the best quotes for insurance and consider costs against risk. You must also make sure you have sufficient cover. If something goes wrong, without adequate insurance, it could finish your business.

An independent insurance broker can help you identify key potential threats and find the necessary level of cover. Some brokers charge, but most are paid commission by the insurance company they recommend to you.

Contact us

Make an enquiry