SME Business Insurance

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Which SME business insurers do we work with?

We compare dozens of the biggest insurance providers in the country, including:

Insurance for SMEs

There are a range of different insurance policies that can be taken out for a business. Getting SME Business Insurance is easy with Proper Finance, simply fill in our online form on the right to get a quote. Some of the main types of business insurance SMEs can get for their business include the following:

  • SME Business Equipment Insurance
  • SME Buildings Insurance
  • SME Employers’ Liability Insurance
  • SME Professional Indemnity Insurance



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SME Business Equipment Insurance

If you have specialist equipment that is fundamental to the running of your business, it is important that you consider getting it covered by a comprehensive business equipment insurance policy. You can get this type of specialist insurance either separate to your general business insurance, or as part of your entire policy. The terms and conditions will depend on what your chosen policy provider can offer you.

It is important that you take the time to accurately calculate the value of your business equipment when searching for business equipment insurance. This is to avoid the risk of under-valuing your items and not being recompensed appropriately to replace them, or over-valuing them and ending up paying higher premiums.

SME Buildings Insurance

Buildings insurance is useful for any business owner, whether the business is run from a commercial property or from a residential property. Buildings insurance will cover you if any damages occur to your building.

SME Employers' Liability Insurance

It is a legal obligation for your company to have employers’ liability insurance if you have staff working for you, even if you do not have a collective office. If your SME is family-run or if you have no employees in your company (other than yourself), you do not legally have to get employers’ liability insurance.

Employers’ liability insurance will cover either all or some of the costs of any legal action an employee may take against you as a result of injury or illness caused by work. The amount of cover you will receive will depend on the policy you choose. It is important to remember that even former employees can still make a claim against you or your business.

SME Professional Indemnity Insurance

Professional indemnity insurance is an insurance type which covers the cost of any legal expenses as well as compensation bills that are due as a result of a customer deciding to pursue legal action against you and your professional advice. If you run a business that is based on offering professional advice to customers or clients, professional indemnity insurance may be right for you.

Am I Eligible as an SME?


In order to be classified as an SME, or small and medium-sized enterprise, you must have a turnover of less than £25 million per year.


Businesses are also classed as SMEs if they have less than 250 employees.

Be a sole trader

You can apply for SME business insurance if you are operating as a sole trader.

Be a family-run business

You can also apply for SME business insurance if you are a family-run business.

Be an established company

SME business insurance is also available for businesses operating as an established company.

How Does Our Site Work?

Getting great business insurance is easy with Proper Finance. Simply fill in a few of your details using our online form and you will be contacted by one of our specialist insurance partners. They will assist you every step of the way, helping you to get insured as effectively and quickly as possible. Alternatively, you can call a specialist directly and request a quote.

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