Size doesn’t matter - all businesses should have some form of insurance to protect you and your company against unexpected costs. And that applies to those who are self employed too. Everyday risks, such as mistakes, stock or premises damage, and legal costs can be minimised with the right insurance. It also offers credibility to your business. It demonstrates to prospective customers and potential employees that you are trustworthy to do business with. What types of insurance do you need? Some types of business insurance are required by law: •If you are an employer you are legally obliged to have employers’ liability insurance to cover the cost of compensating employees who are injured or become ill through work; •If your business uses vehicles you are legally obliged to have commercial motor insurance; •Some professions are required to have professional indemnity insurance by their professional bodies or regulators. Other types of business insurance, such as Commercial property insur...