Your business deserves to be protected by a broker that has your best interests in mind.
From consulting on what protection you need and securing you the best deal on the market through to ensuring you receive any claims settlements you're entitled to, we're on your side.
We Work For You, Not The Insurer
Our role is to present your risk in the best light, negotiating with insurers to secure the most favourable terms and prices for your coverage.
By Your Side
In the event of a claim, we're committed to ensuring you receive the comprehensive support and fair settlement you're entitled to.
Your Trusted Advisors
Our team of seasoned insurance professionals brings a wealth of knowledge and expertise to the table.
What type of insurance do I need?
Risks come in all shapes and sizes, and there are multiple products that can protect you from them. The three most commonly required typs of insurance for SMEs are:
Public liability insurance
Public liability insurance protects you if someone is injured or their property is damaged because of your business.
If you do employ anyone, you’re usually required by law to have employers’ liability insurance too.
For example, your coffee shop business is held responsible for damage to a neighbouring shop’s front window, or the construction business you own receives a third party injury claim after a member of the public trips and falls over your tool kit.
Employers liability insurance
Employers’ liability insurance covers claims from employees who’ve been injured or become seriously ill as a result of working for you.
For example, your employee catches their hand on an exposed nail in your premises, or an apprentice training with you slips on a wet floor while cleaning, injuring their lower back.
Employers’ liability insurance is required by law if you have people working for you. Without it, you could be fined up to £2,500 a day for each employee.
Professional indemnity insurances
Professional indemnity insurance covers you in the event that your business gives faulty advice that causes financial loss to a client.
For example, you provide investment advice to your client and they hold you responsible for a subsequent financial loss, or you’ve issued certification to a client which contains an error, and your client suffers a financial loss as a result.
Not ready to buy just yet?
Just leave your renewal date, and we'll get in touch when you're good to go.
Leave us your renewal date
Hear it from our current clients
"The Octo team took time to fully understand our business, which made the difference "
Their thorough approach was instrumental in tailoring their services to our specific needs, ultimately setting them apart from the competition. Their commitment to understanding the nuances of our business model enabled them to provide solutions that were not only effective but also perfectly aligned with our strategic goals. This level of personalised service and attention to detail made the difference for us.
Jemma Robertson
MD, Guy Robertson Advertising
Through working with Octo, Brenda Muir reduced the cost of insuring their retail space by 20% while increasing their protection.
Processing vast amounts of data, Property Market Intel had a challenging cyber risk which they struggled to find suitable cover for. Working closely with them, we were able to provide them with the security they needed at a price which worked for them.
Whether you’re new to buying business insurance or you’ve been trading for a while, here are the answers to some commonly asked questions about business insurance.
For an insurance broker that is truly in your corner, get in touch today.