Legal and insurance issues

Don't forget to consider your legal responsibilities


Some types of business insurance are optional, but others are a legal requirement. Examples of insurance you must have are:

  • Employer's liability if you have staff
  • Plant inspection policies for certain mechanical equipment
  • Your motor vehicle insurance may need changing to allow business use

Examples of other types of insurance that you might want to consider are:

  • Public liability in case your business causes harm
  • Products liability in case your products cause harm
  • Professional indemnity for mistakes you might make
  • Damage to stock and other business assets
  • Goods in transit and money
  • Business interruption in case circumstances prevent you from trading
  • Shareholder protection to enable you to buy out a deceased partner
  • Income protection in case you cannot work
  • Loan protection in case you cannot maintain your payments

We can help you decide which types of insurance might be applicable to your business and personal circumstances and introduce you to specialist insurance brokers who can source cost effective policies on your behalf.

Legal issues

To prevent you falling foul of the law and breaching statutory legal requirements, you should consider all of the following relevant issues:

  • Employment law, if you take on staff
  • Health and safety of your staff, customers and visitors
  • Any trading licences you might require
  • Environmental health issues
  • Trading standards
  • Taxation law

Get in touch

Why not get in touch to discuss how we can help you evaluate your business insurance needs and legal responsibilities.