Business insurance is there to safeguard you against the everyday risks you can face while running a company.

There are different types of business insurance, and the types you may need depend on your business and what you do. From the moment you start up your company, it’s a good idea to get business insurance to cover you for any risks involved in working with clients, customers and employees.

Some types of cover may be essential. Employers’ liability insurance is a legal requirement for most businesses with even one member of staff. Other types of business insurance help to protect against certain risks, such as public liability insurance – which covers you for any claims made against your business.

• Professional Indemnity Insurance
• Public Liability Insurance
• Employers Liability insurance
• Business combined Insurance
• Business equipment and office contents cover

General liability to protect your business and your clients, Employers liability to have cover to protect yourself, business and you Employees, Office and equipment cover in the event of a loss such as fire, Theft, Burglary, Business Combined to cover all required needs under one policy.

Business Insruance costs vary based on the policy you purchase and your coverage limits . Other factors include your industry, number of employees, revenue, and location. Premiums start from 225.00 Euros per year.

In Cyprus, employers' liability is required by law for any business that employs staff. Other types of insurance are optional but highly recommended depending on the kind of business you run, Public Liability is essential when you are dealing with clients on a daily basis especially if you are office or, shop based.