The amount of business insurance you need depends entirely on your industry, legal requirements, contractual obligations, and physical asset exposure. At a minimum, most businesses require statutory Employers' Liability if they hire staff and Public Liability insurance (often with £1 million to £10 million in coverage limits) to protect against third-party injury claims. Professional service providers should add Professional Indemnity, while retailers need commercial property and business interruption cover to replace lost revenue during emergencies.
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