3 Essential Commercial Insurance Policies for Small Businesses

Running a small business comes with its fair share of risks and uncertainties. From liability claims to property damage and workplace accidents, small businesses must be prepared to handle unexpected events. Commercial insurance plays a crucial role in protecting small businesses from financial losses and ensuring their continuity. In this blog post, we will discuss three essential commercial insurance policies that every small business should consider. These policies include public liability insurance, property insurance, and employers’ liability insurance.


Public Liability Insurance: Protecting Your Business from Third-Party Claims

Public liability insurance is a critical policy for small businesses, offering protection against claims made by third parties for bodily injury or property damage caused by your business operations. Here’s why public liability insurance is essential:

  • Financial Protection: Public liability insurance covers the costs of legal fees, settlements, and compensation to injured parties. It helps protect your business’s finances from substantial financial burdens.
  • Contractual Compliance: Many small businesses in the UK are contractually required to have public liability insurance, especially when they interact with customers, clients, or the general public. It ensures compliance with legal obligations and helps build trust with stakeholders.
  • Peace of Mind: With public liability insurance, you can focus on running your business without constantly worrying about potential accidents or incidents that may lead to costly claims. It provides peace of mind and allows you to concentrate on your core business activities.


Property Insurance: Safeguarding Your Business Assets

Property insurance is crucial for small businesses that own or rent physical premises, equipment, stock or other valuable assets. This policy protects your business from financial losses due to property damage or loss caused by fire, theft, vandalism, flood or other covered perils. Here are the key reasons why property insurance is essential:

  • Asset Protection: Property insurance covers the repair or replacement costs for your business premises and its contents, including equipment, stock, furniture, and fixtures. It ensures that your assets are financially protected in the event of damage or loss.
  • Business Continuity: When a covered incident disrupts your business operations, business interruption insurance helps cover the costs of temporary relocation, ongoing expenses, and lost income. It enables your business to recover and resume operations as quickly as possible.
  • Peace of Mind: By having property insurance, you can focus on growing your business without worrying about unforeseen events that could lead to substantial financial setbacks. It provides peace of mind and allows you to navigate challenges with confidence.


Employers’ Liability Insurance: Protecting Your Employees and Your Business

If your small business employs staff, employers’ liability insurance is a legal requirement in the UK. This policy provides protection against claims made by employees who suffer work-related injuries or illnesses. Here’s why employers’ liability insurance is vital:

  • Legal Compliance: Employers’ liability insurance is mandatory for most UK businesses that have employees. Failure to have this coverage can result in significant penalties and legal consequences.
  • Employee Protection: This insurance policy covers the costs of medical expenses, rehabilitation, and compensation for employees who suffer injuries or illnesses in the workplace. It demonstrates your commitment to the well-being of your workforce.
  • Financial Security: By having employers’ liability insurance, you protect your business from the financial burden of potential compensation claims. It ensures that your business can handle the costs associated with employee injuries or illnesses, protecting your bottom line.


Commercial insurance is essential for small businesses as it provides vital protection against various risks and liabilities. By investing in these three essential commercial insurance policies, you can secure your small business’s financial stability, comply with legal requirements, and focus on its growth and success. 

At Acer Insurance we have over 25 years of experience in commercial insurance, if you have any questions regarding Commercial Insurance, you can call 01959546823 or contact us by email.


  • Oliver Burt

    Oliver Burt is a Director at Acer Insurance Services and founded the company in 2019, he specialises in company development and bespoke schemes for those with unusual and nonstandard insurance needs.
    Before founding Acer Insurance Services, Oliver was the Operations Manager at a small insurance broker in Sevenoaks where he was responsible for the day to day running of the business. Oliver has many years’ experience having worked within the insurance industry since 1996.
    Oliver is passionate about finding niche insurances that can make a real difference to people and businesses, finding solutions tailored to their insurance needs. He also is committed to developing the skills and knowledge of the team at Acer Insurance Services.
    In his spare time Oliver enjoys growing fruit and vegetables on his allotment and spending time with friends and family.