_db33a8.png)
Business Insurance & Legal
The stuff that protects your startup when things go wrong. Public liability insurance, professional indemnity, employers' liability, cyber insurance, business contracts, employment law, GDPR, and all the boring-but-essential legal requirements that nobody thinks about until they get a letter from a solicitor. Real costs, real experiences, and honest advice from founders who've been through it. If you've dealt with a claim, found a good insurer, or learned a legal lesson the hard way, share it here so the next founder doesn't have to.
4 topics in this forum
-
A Hacker Doesn't Care That You're a Startup: Why Cyber Insurance Is the Policy Most Founders Find Out About Too LateCyber insurance for UK small businesses costs between £300 and £1,500 a year for basic cover. 43% of all UK businesses experienced a cybersecurity breach in the last 12 months. The average attack costs firms with fewer than 50 employees £3,398. And 38% of small businesses still don't have cyber insurance. Right, this one's going to piss you off. A founder in our community got absolutely done over last year and I'm still angry about it. Not because the hack was sophisticated. It wasn't. It was a fake email. A single click. That's all it took to turn a profita…
-
- 0 replies
- 405 views
-
-
Employers' Liability Insurance: The Only Business Insurance That Can Get You Fined £2,500 a DayEmployers' liability insurance is the only business insurance in the UK that is a legal requirement. The moment you hire anyone - full-time, part-time, temporary, apprentice - you must have at least £5 million of cover. No exceptions. The fine for not having it is up to £2,500 for every single day you're uninsured. Every other type of business insurance is technically optional. Public liability? Smart to have, not legally required. Professional indemnity? Depends on your industry. Cyber insurance? Recommended but optional. Employers' liability? Na mate. This one's the law. The E…
-
- 0 replies
- 378 views
-
-
Public Liability Insurance for Sole Traders: £5 a Month to Stop Your Business Ruining Your LifePublic liability insurance for sole traders costs between £40 and £200 a year for most trades. It's not legally required. But as a sole trader, there's no legal separation between you and your business - if someone makes a claim, they're coming after your personal savings, your car, and potentially your house. Business & Industrial Let me tell you something that'll keep you up tonight if you're a sole trader without self-employed insurance. You know how a limited company is a separate legal entity? A nice wall between the business and your personal stuff? As a sole trader, t…
-
- 0 replies
- 301 views
-
-
Public Liability Insurance UK: What It Costs, What It Covers, and Why You're an Idiot If You Skip It Public liability insurance costs most UK small businesses between £60 and £300 per year. The average settlement for a public liability claim is £13,500. That maths should make the decision for you, but somehow it doesn't for a lot of founders! History I had a conversation at one of our startup events last year that I think about more often than I should. A founder - lovely guy, runs a small events company - told me proudly that he'd been operating for two years without any liability insurance. "Nothing's ever gone wrong," he said. "Why would I pay for something I don't nee…
-
- 0 replies
- 319 views
-
