Maybe you've spent a bit of time putting together your business. Now everything is going well, you wouldn't want something unexpected to get in the way? This is where insurance can help. Of course, we are big believers in setting up these support systems.
If you’re self-employed in the UK, building and contents insurance is critical to protect your assets! Especially if you work from home, own your business premises, or store valuable equipment.
We'll explain why down below:
Buildings Insurance (If You Own a Property)
Building Insurance covers the cost of repairing or rebuilding your home/business premises. Including damage by fire, flood, storms, vandalism, or structural damage. It’s a mortgage requirement, as most require it.
But, you’ll need to let your provider know if you work from home. Damage to your home that you can’t afford to fix could affect both your business and personal life.
Contents Insurance (For Home & Business Equipment)
This will cover personal and business items. From theft, fire, and water damage. Plus, as an optional extra, accidental damage. Could you afford to replace all your work equipment? What about expensive tools, laptops and computers? Or hairdressing and beauty equipment, or specialised technology?
It’s important to declare anything you couldn’t afford to replace. Regular home insurance may not cover business-related items.
Don't forget client and work coverage. If you keep client files, stock, or business documents at home, contents insurance can help recover losses.
Additional Cover to Consider
• Business Equipment Insurance: Protects work-related devices (cameras, laptops, tools). This extends outside your home.
• Public Liability Insurance: If clients visit your home, this covers injuries or damage claims.
• Business Interruption Insurance: Covers loss of income if your home/workspace becomes unusable.
Would you like recommendations on specialist insurers for the self-employed?
Give us a call for more detailed information specific to your work. From hairdressers, beauticians, builders and plumbers. To IT consultants, mortgage brokers, and freelance writers. We can help!
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