Business Owner Protect

Cover from +£10.07 / month

Up to £2,000 a month

Up to 6 months following the first 30 days of illness

Any tax deductible expenses included

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In detail

What is business overheads insurance?

Business overheads cover for small business owners lends a financial hand to you if you become too ill to work. It will reimburse your taxable business expenses for up to 6 months.

This is quite a new product to the market and very few providers offer it. It is triggered by an accident or sickness of the insured person and for a period of time the cover will cover the business outgoings.

When buying one of these covers, you usually have to answer a lot of personal questions. At Suited we wanted to avoid all the hassle and get you covered as quickly as possible.

That's why we only ask for the number of owners to be covered and the limit that will comfortably cover any tax deductible business expenses. Some activities and pre existing conditions are excluded. Please read the policy document before you buy.

What does business overheads insurance cover?

Business Owner Protect has been designed for contractors, freelancers and small business owners whose absence from work would have a negative financial impact on making business ends meet.

Suited Business Owner Protect also includes personal accident benefit which will pay a lump sum if you suffer a life changing injury.

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Personal accident

The personal accident section will pay out a lump sump if you suffer an accident leaving you with partial or total disablement:

£5,000 lump sum

Fast customer service

Quick payout

Who needs business overheads insurance?

One of the biggest risks you as a business owner face is if something happens to you. If you become too ill or badly injured, you can’t continue to work or run your business.

Business Owner Protect won’t replace the lost income but it will take care of your business outgoings while you’re getting better. One of the costs covered are the recruitment fees if you can temporarily replace yourself with another contractor to keep your business going.

How much business overheads insurance do I need?

The limit selected should ideally match the total value of the business outgoings that you will have to be pay while you are recovering or winding your business down. Some commitments can be cancelled immediately to reduce unnecessary expenses but other services have to stay in place to keep the business going.

Work out what your business outgoings are now and how you could reduce them if needed. With that in mind have a think whether you need your business expenses insurance to cover all of the remaining expenses or just a proportion. The latter saves on the insurance premium. The former leaves a greater piece of mind and don't forget that the costs of your business expenses insurance would be reimbursed as part of your claim.

In this section
Review the policy

Before purchasing any insurance product, you should always view the policy documents. Understand what's covered, excluded and the claims conditions.

Business Owner Protect
Policy Wording
Prices start from
£10.07 / month

Business Owner Protect can be purchased as an add-on to professional indemnity. Limits start at £250 a month and price depends on the amount of business expenses covered.

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Other covers we offer

Our insurance starts with professional indemnity, a must have for professionals who give advice or provide a service as part of their business activity. You can add to your policy other useful covers as needed.

Core cover
Professional indemnity

Insurance against professional mistakes.

Business legal protect

Supports you during tax and legal disputes.

Add on
Public & products liability

Protects against claims from thrid parties.

Add on
Electronic business equipment

Covers your portable business equipment.

What people say
2 March
Extremely impressed

Extremely impressed with the professional and supportive service I received.

Kellie Williams
on Google
16 February
Very efficient

After shopping around for business liability cover, I found suited, I had a few questions and Jana from suited was very efficient...

on Trustpilot
14 February

The website is easy to use and the process is intuitive, clear and easy to follow.

Matt M
on Trustpilot
11 February

I was recommended Suited, because I’d been stalling. Simple to use website, offered clear, concise information and selection...

on Trustpilot
12 December

Really fantastic service by the suited insure team! Always found the insurance side to be a bit confusing but the team took me...

Michael Ryan
on Google
15 September

A simple and flexible service for what I required. Great communication from start to finish.

Matthew Allen
on Google
1 August

I was looking for business insurance this easy to use and very well explained web site made the process simple and painless. Had a quote...

Piers Field
on Trustpilot
Legal Expenses
Included as standard

With every policy subscription we also include Business Legal Protect. This means from the moment you sign up you gain immediate access to extra support services.

Commercial legal expenses insurance.
Business legal protect

Cover of £100,000 commercial legal expenses included with your policy subscription.

Protects you and your business against a range of issues not typically covered by professional indemnity or public liability.

IR35 & HMRC investigations

Legal matters concerning your business

Negative PR (£25,000 cover)

Criminal prosecution

Compliance & regulation issues

Unpaid invoices (over £200)

Also includes free telephone advice & help from qualified professionals.

Tax and commercial legal advice

Counselling for you and your staff

Access to a legal template library

Identity theft assistance


Common questions

What are tax deductible business expenses?

Anything the HRMC allows you to put down on your tax return Suited Business Owner Protect will reimburse. Typical monthly outgoings can be insurance premiums, loan interest, wages, rent, utilities, telephone & internet costs, or accountant fees. One off costs such as recruitment fees to temporarily replace you or the associated wages would be also covered.

Are my employees covered by Suited Business Owner Protect?

As the name suggests, the cover is only for the business owners of the insured business.

Do I need personal accident cover?

You need to decide whether you need personal accident cover. If you rely on your physical ability to do your job, the quick cash injection that personal accident provides may be critical to help you over the worst.

How much personal accident cover do I need?

Suited Business Owner Protect will pay up to £5,000 but perhaps that may not be enough for your life circumstances. There is no limit on how many personal accident policies you can have. In other words if you suffer an accident that is covered, you can make a claim under all of your personal accident policies.

From our magazine
the suited way
Insurance made better

Small business insurance done fast, clear and upfront.

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More flexible

Make changes instantly, easily and for free.

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No extra fees

We give you one price, no APR or hidden extras.

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Go retroactive

Include retroactive cover to insure previous work.

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Holiday mode

Pay less when not working by hibernating your PI cover.

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Be confident knowing your cover is backed by trusted UK insurers.

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UK support

Get help when you need it from our Bristol based team.

Once you buy
If your plans change

No problem, Suited uses a simple subscription model making it easy to walk away.

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14 day promise *

If you call to cancel within the first 2 weeks we’ll give you a full refund.

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Easy to cancel

No longer need us? Cancel anytime, no more to pay.

* 14 day promise is not available online, please speak to a member of staff. Not available if you have reported a claim.

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The fast and hassle free way to get business insurance for small professional outfits.

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Insurance times awards 2023 finalist.


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