Insurance

Tax investigation insurance is a type of policy which provides financial cover in case your small business is subject to an HMRC enquiry.

Public liability cover will protect your business if you cause an injury to a member of the public, or property belonging to another business or person.

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.

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.

As a business owner, you will encounter a wide range of business insurance policies, some of which are mandatory, and others that are simply sensible to have in place.

If you are in business and provide any type of professional service to clients, you need to consider taking out Professional Indemnity Insurance.

Professional Indemnity (PI) insurance is an important consideration if you provide professional advice to clients via your own limited company.