There is no single policy every small business must have, but your needs depend on your activities, premises, staff, vehicles and contracts. Employers’ liability insurance is generally required if you employ people, while public liability, professional indemnity, business property and commercial motor cover may be appropriate in other circumstances. Your home insurance may not cover business equipment, stock or visitors, so check its terms carefully. Consider speaking to an FCA-authorised insurance provider or broker to compare suitable cover and confirm any legal or contractual requirements.