Common insurance types
Public liability
Covers claims from third parties for injury or property damage. Many venues, markets and commercial clients ask for it before you trade.
Product liability
Important if you sell food, beauty products, ecommerce stock or physical goods that could cause harm or loss.
Employer's liability
GOV.UK says employers normally need employer's liability insurance as soon as they become an employer, with cover of at least GBP 5 million from an authorised insurer.
Vehicle insurance
Standard personal cover may not be enough if you use a car, van, trailer or converted vehicle for business.
Professional indemnity
Useful where advice, design, consultancy or specialist services could create a financial loss for a client.
Stock and equipment cover
Protects tools, machines, stock and kit at home, in a vehicle, at events or in storage, depending on policy terms.
How to budget for insurance
Add both an upfront insurance setup cost and a monthly insurance cost in the calculators. Some insurers ask for a deposit or charge monthly finance fees. Some contracts require higher cover limits, which can increase the quote.
Match the policy to the work. A mobile car valeter needs vehicle and tools considerations. A food truck needs product liability. A dog groomer needs cover for animals in their care. A TikTok Shop seller should check product liability and stock cover.
Get quotes before launch because insurance terms can affect what services you are allowed to offer. Keep policy documents ready for venues, markets, commercial clients and landlords.
Useful next step
Open your chosen calculator, enter the first insurance quote as the setup cost and the monthly payment as the running cost. Then compare how the break-even point changes.