Insurance is a growth tool, not a cost
Most founders buy insurance when a client contract or a landlord asks for it. That is understandable – but the right cover does more than tick a box. It protects the runway you worked hard to build, and it often makes you easier to work with.
- List the risks that could actually stop your business.
- Match each risk to a type of cover.
- Compare at least three quotes with the same limits.
- Review your cover every time the team or revenue doubles.
The covers most teams need
Every business is different, but a few policies come up again and again for small companies: general liability, professional indemnity, cyber insurance and – once you hire – employer’s liability and health cover.
- General liability for injuries or damage on your premises or at a client site
- Professional indemnity if advice or work you deliver causes a loss
- Cyber insurance for data breaches, ransomware and downtime
- Property and equipment for laptops, phones and the office
How much cover is enough?
Start with what your contracts require, then ask what a worst-case claim would cost. A good broker will help, but you should understand the numbers yourself: limits, deductibles and what is excluded matter more than the headline premium.
“Our first big enterprise deal asked for cyber cover we didn’t have. We got quotes in a day through Digipay and signed the contract that week.”
Compare offers without the jargon
Line up quotes with the same limits and deductibles, then read the exclusions – that is where policies really differ. With Digipay you can request quotes for home, business and cyber insurance in a few minutes and pay the premium monthly from your account.
Review it as you grow
Your risks change when you hire, open an office or sign a bigger client. Put a reminder in the calendar to review your cover every year, or every time the team doubles – whichever comes first.
