FAQ's

Yes, but it depends on what you're purchasing:

New Policy: When buying a new policy, you can choose monthly payments to spread out the cost. Keep in mind that it's still an annual policy, so you need to keep up with the monthly payments.

Renewing a Policy: If your current policy is due for renewal soon and you're currently paying yearly but would like to pay monthly, or vice versa, that can easily be changed online by following the link in your renewal email.

Adding Extra Cover: If you add extra cover (like portable equipment) to an existing policy mid-term, the full amount for the add-on is due at the time of purchase. 

The whole process from start to finish is all online and takes a matter of minutes, with no scanning or uploading required the whole process is quick and easy

The cover is in place immeditaly and creating a quote only takes a couple of minutes

If you are offering any service, whether you are receiving payment or, and whether it is to the public or friends and family, it is advisable to have business insurance. Whether you are a Limited Company, a freelancer/sole trader, partnership or group, the same risks apply. By offering a service you are exposed to the risk of having a Claim made against you.

Absolutely!

We have coverage tailored to fit you, so you only pay for exactly what you need. You can customise your policy based on the size of your business, what services you provide and what cover level you want. With hundreds of business practices to choose from, you can add as many as you like to one policy (provided you meet the requirements). 

The best part is - if things change, your policy can change with you. All of our policies are adjustable so if you need to add cover for a new service you are offering, or you get a new employee, or simply want a higher cover level you can simply login to your Account and adjust your policy.

We understand that businesses change and grow, so that's why your protection can grow with you.

Choosing the right insurance for your business depends on what kind of work you do, the risks involved, and any legal or contractual requirements.

To make it easier, try our Insurance Checker under Resources---just answer a few quick questions, we'll guide you through the right coverage.

Even though some company insurance is required by law, not all of it is! If you have employees, (or other workers that you are legally responsible for) you must get Employer's Liabity insurance. Other types like Professional Indemnity or Public Liability can save you from huge unexpected costs, and are strongly advisable but may not be legally required.

Lack of business insurance can jeopardize your reputation, impact your finances and in the worst case cause the loss of your business and/or personal assets. If you have employees, you could face fines of up to £2,500 per day for not having Employers' Liability Insurance. Without Public Liability insurance, you may be subject to costly claims if a client or member of the public is hurt or their property is harmed. If you provide professional services or advice, Professional Indemnity insurance protects you from negligience claims. Without it, you would have to be responsible to cover all your legal fees and damages.

Having the right insurance can safeguard your business from unforeseen challenges, even if it is not legally needed.

If you need to file a claim, simply log into your account and go to the Claims page to submit the details.

If you're not sure if you need to make a claim or want to talk about a situation that might lead to one, give us a call at 01305 839939 (Monday to Friday, 9 AM - 5 PM excluding bank holidays) or send an email to claims@westminster.global with a brief description of what happened. We're here to help you through the process!

Not to worry! Many individuals or small businesses who work remotely or from home rather than an office or other dedicated work space, use their home address as their business address. This is fine! Just make sure the address is one where you get any official correspondence, including with HMRC and customers.

Business insurance (Professional Indemnity, Public Liability and Medical Malpractice) provides your business (and you personally if you are a sole trader) with an essential safety net, offering vital protection against the stress and financial impact of respondin to a Claim. Without insurance, if you are faced with a Claim, you will need to fight this battle on your own or appoint solicitors to help you. The first option is unadvisable, time consuming and stressful. The second option is costly.

Remember, that should the very worst happen and there is a large compensation payment to make, the business has to find the funds to pay it - do you think it likely that it will have large amounts of spare funds?. If the business isn't incorporated, then it is your personal assets that will be used to make the payment.

Insurance provides a very cost effective option, peace of mind and security for your business.

The Financial Conduct Authority (FCA) is the regulatory body charged by UK law to regulate the financial markets in the UK. This, of course, includes the entire insurance market and this firm.

Westminster Insurance Limited is authorised and regulated by the Financial Conduct Authority. Registration number 439023

For ease of reference you may use this link direct to the FCA Register - CLICK HERE where you may check the registration of this firm - or any other regulated by the FCA.

It is a criminal offense to undertake any regulated activity (as those activities and markets regulated by the FCA are called) without the appropriate FCA authority.

Under your policy with Westminster, you're required to retain client records (such as session notes, contracts, and related correspondence) for at least 7 years. This retention period is a condition of cover.

GDPR guidelines state that you should only keep personal data for as long as it is necessary for the purpose for which it was collected. However, GDPR does allow data to be kept for longer where there's a legitimate business interest or a legal obligation—which includes requirements of your insurance provider. 

Under your policy with Westminster, you're required to retain client records (such as session notes, contracts, and related correspondence) for at least 7 years. This retention period is a condition of cover.

GDPR guidelines state that you should only keep personal data for as long as it is necessary for the purpose for which it was collected. However, GDPR does allow data to be kept for longer where there's a legitimate business interest or a legal obligation—which may include requirements of your insurance provider. 

The business 'income' otherwise known as turnover or revenue helps to give us an indication of the size of your business.

We provide insurance to businesses with no income, right up to a maximum of £1,250,000 pa. Remember, this is not profit (after taxes and expenses), but the total revenue of your business.

The revenue we discuss here is the income generated from the business practices to be covered by this insurance. That may NOT be the total business revenue if the business engages in some practices NOT covered by this insurance. 

The revenue level will have an impact on the premium.

The cost of business insurance varies based on several factors, including your annual income, the level of cover you choose, the number of people included in the policy, the services you provide, and whether you need overseas coverage or any of the add-on products.

The best way to find out how much it will cost for your business is to get an instant quote—it only takes a few minutes.

Get a Quote Now

During the quote application you provide information, and are asked to check certain details on our site to make sure the coverage is suitable for you. Before purchasing the policy we ask that you confirm some 'Statements of Fact' which include questions re qualifications, previous claims, etc. and you tick to confirm acceptance of our Agreement. This is an electronically saved declaration.

 The policy is issued on the basis that you have been honest in the information and answers you have given. This makes the process very quick and easy for you.

 In the event of a Claim the Insurers may request evidence to support the information you have provided. If it is found to be false, the Insurers may decline to respond to the Claim.

Absolutely! You can include as many practices as you need on a single policy, and you will only pay for the highest cost one. Here's how it works:

All in One Policy: List any number of practices without worrying about extra charges. Regardless if they are practices from different sectors.

Risk Levels Matter: Instead of charging for each practice, we charge based on the highest risk level of the practices you've chosen. Our tiers range from 1 (lowest risk) to 5 (highest risk).

One Cost, One Tier: So, if you include practices with different risk tiers, you'll only be charged according to the highest-risk practice on your policy. For example, if you have five Tier 1 practices and two Tier 5 practices, your rate is based on one Tier 5 practice.

It’s easy! Just click the “Get a Quote” button anywhere on our website. Answer a few simple questions to get your quote. You can then save it for later or buy your policy right away.

 When you purchase, choose monthly or yearly payments by Credit or Debit Card. Once your payment is approved, your policy is issued immediately and emailed to you.

 For more details, check out the “How it Works” section under Help and Support, or give us a call—we love to chat!

You don't need to have a 'company' in place before starting to take on clients or to obtain insurance. But, you should have insurance in place as soon as you start to take on clients. If, at a later date, you form a company the policy can be altered to take that into account.