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Business Indemnity Insurance

We offer business protection, public, product, employers' liability and professional indemnity cover for your organisation.

  • Cover for a range of indemnity limits and different businesses
  • Liability cover is available up to indemnity levels of £10m with higher limits available on request
  • UK based support
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If you need additional assistance arranging your insurance, find out how our teams can support

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Overall service rating 4.6 / 5

Based on 4260 customer reviews

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Why choose business indemnity insurance with Towergate?

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Indemnity cover hotline

24/7 commercial and legal hotline for emergencies.

Liability

Crisis damage costs via a range of liability covers for your business

Management Liability cover is available for a range of indemnity limits up to £10m to cover you when crisis strikes.

Claim

Professional business indemnity claim assistance

Expert advice to help you with claims you face.

Direct Debit

Pay for your business indemnity cover by Direct Debit

You can choose to split your payment into equal monthly instalments. Please read our dedicated page on Direct Debit.

About business indemnity insurance

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Instantly available business indemnity insurance

You can obtain our business indemnity cover in just one call, so you can start trading or tendering for a contract swiftly. Call us for a full requirement review and we can quote over the phone for your policy to start immediately. Documents will be emailed the same day or posted within 24 hours.

Claim

Protection for your business against compensation claims

In today’s litigious society the need for legal defence cover is paramount and if found negligent you could be liable in the most serious compensation cases for thousands or even millions of pounds. Having the right business indemnity insurance cover is more important now than it has ever been. Talk to us, business indemnity insurance can be tailored to cover your business needs.

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Business indemnity insurance tailored for your business

To ensure you have the right level of indemnity cover for your organisation, we can tailor cover based on turnover, salaries/wage roll, employees, office locations, industry, profession, jurisdictions and much more. A variety of cover limits are available. Our business indemnity insurance can range from £1 million to £10 million with higher limits available on request.

Direct Debit

Business liability and indemnity cover in one package

You can combine all your liability and business covers, including indemnity insurance, under one business insurance policy. This can include public liability and employers' liability cover if you need them, as well as equipment cover, stock insurance and more. Speak to us to and we can arrange a package for your needs to keep your business protected.

When you need to make a claim, we'll guide you through the process and get your claim settled as quickly as possible.

  • Find your insurance documents and make sure you have all your information at hand, including your policy number.
  • Call the claims team on 0344 892 1384 and explain exactly what happened.
  • Provide photos if requested to help us understand what happened as quickly as we can.
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Ready to get covered?

  • Fill in our online quote form or call us
  • Purchase your policy
  • Relax - You're covered!
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Business indemnity insurance FAQs

Whilst indemnity insurance is not a legal requirement, many types of business offering a service, advice or consultancy need it, as having a compensation claim made against you for breach of duty can be very costly to defend. Our business indemnity insurance policies can include professional indemnity insurance. This will not just cover legal and defence costs, but the cost of a successful claim against you up to the policy indemnity limit selected by you.

Yes. If you are a retail business and your stock levels seasonally fluctuate, we can allow your stock sums insured value to be increased by an agreed percentage for your busy times of the year e.g. 25/30%. Commonly this will be prior to bank holidays or over the Christmas period, but we recognise that not all businesses are the same and that other periods my suit you. Just let your adviser know if you wish to add this into your business indemnity insurance package.

We recommend that you:

  • Report all accidents to your insurers
  • Meet your legal obligation to record accidents in your accident book
  • Do not accept responsibility or agree to pay compensation even if you think it is obvious that it is your fault
  • Allow your insurers to investigate and advise you of the best course of action to be taken

Do not admit any liability without referral to your insurers, as this could prejudice your and your insurers' ability to deal with any claim made against you.

Yes, we can add cover to your indemnity insurance for keeping money in your business' premises during and outside of business hours. There may be terms as to how Insurers will require you to keep cash in order to minimise risk. I.e. for amounts in excess of £150 kept overnight you will need a safe and you should explain your requirement to our adviser.

When your business consultancy stops trading or you retire, we recommend you still hold insurance known as ‘Professional Indemnity run off’ cover. This would protect you from allegations of negligent advice raised against you after the business has stopped trading or in retirement, that arise from past contracts and services performed. Legal limitations permit claims to be made against you for up to 6 years at from the time the breach of contract was committed, known legally as the ‘date cause of action’ accrued. Claims in Tort can be longer. For more information refer to Section 5 of the Limitation Act 1980.

Many Professional bodies insist on Professional Indemnity ‘run-off’ cover being in place for retired practitioners – i.e. Chartered Accountants, Surveyors and many more.

To help you spread the cost of your premiums, we offer a quick and easy direct debit scheme for spreading payment over ten months. Please visit our dedicated Direct Debit page to find out more.

If you would like to know more about our monthly payment option, please visit our dedicated Direct Debit page.

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Business indemnity insurance articles and guides

How to Insure Your Shop’s Stock

Our guide to everything you should consider when calculating the necessary insurance for your business' stock.

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Commercial Property: The Rebuild Cost

This article will look at calculating the rebuild cost of commercial property for homeowners and landlords looking for property insurance.

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Bad Weather Business Continuity Tips

Prepare your business for winter with Towergate's guide to bad weather business continuity planning.

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