Do I Legally Need To Have Business Insurance?

While having business insurance is not a legal requirement, it can often be a prerequisite for any contractors, with many clients demanding that you have a certain level of cover before awarding you any work. Similarly, many trade bodies will insist that their members are properly insured to cover the work they carry out.

Plus, if your business employs other people then you are legally bound to have the correct Employers' Liability insurance in place, and failure to do so could result in significant fines.