For peace of mind, please carefully consider whether your business needs insurance.
It is one of those costs that sometimes can be 'saved' but then prove costly later. The types of insurance that you may be applicable are: Public Liability (essential if you are dealing with members of the public), Employers Liability, Professional Indemnity, Key Man, Director's Insurance, Equipment, Buildings & Contents Cover, Motor Insurance, Goods in Transit, Legal Expenses Insurance.
Speak to a reputable broker if you are in any doubt.
If so, your logo, company details and link to your site could be here!
If you are based in in Mitcham or offer a product or service which could help existing local businesses and start-ups, we would love you to help you reach them. Our aim is to increase the chances of every new business's success by highlighting the help that is available in the area.
You are able to add a free listing or act as our recommended local partner for only £10 per year!
We are happy to promote anyone who is prepared to offer friendly support to local start-ups.
Our local partners have been kind enough to help us and are keen to help you too.
Download the 2025 edition of our Free guide
An interactive step-by-step guide which also includes all of the most important subjects covered with links to useful articles and relevant contacts.
The idea of starting your own business can be incredibly exciting and who can blame you for being tempted?
However, the sad truth is that far too many new enterprises fail in the early stages. Our aim is to make sure that you don't become one of them.
This guide explains the key start-up subjects in simple English and points to where you can find help and support.
More Information and instant download
Ensuring a new business needn’t be complicated and a little time spent planning what needs to be arranged from day one, will avoid unnecessary problems in the future.
If like many start-ups you are going to work from home, you will almost certainly find that any existing car or household insurances will need to be upgraded or changed.
Your policy will need to be extended to include business use – even if the only business journeys you make are to the post office. Motor insurance is a compulsory insurance, so it’s important to make sure that the cover you have is right.
Whether insured separately or together you will need to let your existing insurer know that you are working from home. However your household policy will not be suitable for business purposes, regardless of whether customers or clients visit your home. Separate arrangements will need to be made, although many insurers are now able to offer specialist homeworker insurance policies that can combine both personal and commercial insurance needs.
Of course if you are letting out your property, you will need to arrange a Landlords insurance policy as a household policy simply won’t do.
Whether working from home or from business premises, it’s important to insure your property, especially your stock and computers. If you have any portable items like phones and laptops, don’t forget to arrange insurance for when you take them outside.
If you intend to have employees, the law requires that you arrange Employers Liability insurance.
Whilst not required by law, should be considered a must and you may find that many of your clients insist that you have the cover.
If your business is a service rather than the supply of a product, Professional Indemnity insurance should be considered. You might find that your clients insist that you have this cover and if you choose to join a Trade Association, it may be a condition of membership.
If you should be unfortunate enough to sustain a loss such as a fire, flood or theft at your premises, then there are likely to be significant costs keeping the business going and replacing lost profits. Business Interruption insurance should be seen as a must and the level of cover and the period of interruption that it covers, should be carefully selected.
Combining different types of insurance cover under one policy, may work out cheaper and can avoid gaps in cover.
Check any contracts that you are asked to sign to see if insurance is a requirement and at what level, especially for Public Liability and Professional Indemnity insurance covers.
Some insurance providers offer interest free monthly instalment facilities so do ask what’s available – great for helping with your cash flow.
We are delighted to promote suitable businesses and organisations completely FREE of charge. Your coverage can contain: logo, company name, brief description, special offers, telephone number and link to your website.
There is plenty of help for startups in Mitcham but where can it be found?
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