Startup advice to take your idea from dream to reality

There’s a story behind every business. A big idea. A spark of inspiration that ignited a big ambition. Because it takes courage to start a business.

Our startup advice collects articles from Business Guardian Angel, inspirational guest posts from real entrepreneurs and practical guides on startup essentials.

Why does my startup business need insurance?

Being your own boss is as rewarding as it is challenging, but if anything goes wrong, the buck stops with you.

By choosing AXA, you get an insurance partner who understands your unique startup business insurance needs. We’ll help guide and support you every step of the way to make sure you have the right protection in place.

You’ll likely need some sort of business insurance from day one. AXA provide flexible insurance products, so that you only ever pay for what you need as your startup business grows.

Public liability insurance

Claims can come out of anywhere. Say you are visiting a client and you scratch or spill something on furnishings during a visit, or someone trips over tools or equipment you’ve left lying about – you could be faced with a costly compensation claim.

More about public liability insurance.

Professional indemnity insurance

If you belong to a professional body or industry association, for example you’re an accountant or an IT professional, then you may be required to have professional indemnity insurance. It’ll protect you from expensive claims if a client sues you because they think you have been negligent or that the advice you’ve given them has caused them financial loss.

More about professional indemnity insurance.

Employers' liability insurance

Your new venture has really taken off, and it looks like you’ll need to take on employees. That may include full and part time staff, freelancers or volunteers – so you’ll need to have at least £5 million employers' liability cover. And it’s a legal requirement.

If someone you’re directly responsible for is injured as a result of working for you, you need to make sure they are properly looked after – and ensure your business isn’t harmed either. With AXA, you’ll get £10 million cover as standard.

More about employers' liability insurance.

Want to talk?

From general questions to urgent support, our expert team are on-hand to help. Get in touch by phone, live chat or email.

“Every day I get up and think: I’m building something.”

Lantern is a branding startup that exists because of its founder's need to do his own thing.

Want to know more about Ryan Tym's startup business story?

Find more startup business advice on Startup Advice.

1 Based on an AXA survey of 500 micro SME business insurance product holders in May 2017.

2 Based on AXA business insurance policy holders in June 2017.

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