Types of Liability Cover
What is Liability Insurance?
Liability insurance provides cover for businesses, independent professionals and self-employed trades against the cost of compensation brought against them by clients, customers, employees or members of the public.
Employers are legally obliged to have Employers’ Liability insurance. Other types of liability insurance are optional but may be required by your clients or trade associations.
The main types of liability insurance are:
Cover for the cost of claims made by members of the public for incidents that occur in connection with your business activities.
Find out more about Public Liability insurance
Required by law if you have employees – this covers the cost of compensation to employees who are injured at or become ill through work.
Find out more about Employers' Liability
Property Owner’s Liability
Provides protection for Landlords in the event that a person is injured or if there is damage to their property as a result of your negligence.
Find out more about Property Owners Liability insurance
Professional Indemnity Insurance
Covers compensation costs to clients for loss or damage resulting from services or advice provided by a business or individual.
How can Lloyds Bank Business Insurance Services help you protect your business?
We know your business is important to you, and keeping it safe and secure will allow you to focus on the important day to day tasks.
To help you do this we have chosen to work with Arthur J. Gallagher Insurance Brokers Limited, one of the UK’s largest insurance brokers.
This service will provide you with access to specialist insurance advisors who will search a panel of leading insurers offering a range of products. To get you the cover you need at the price you want.
Insurance covers are subject to the individual terms, conditions and exclusions of the insurer providing them. Always review the policy documentation supplied during the quote process to ensure you have the cover you need.
Important Legal Information
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
The products and services outlined on this site may be offered by legal entities from across Lloyds Banking Group, including Lloyds Bank plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc and Lloyds Bank Corporate Markets plc are separate legal entities within the Lloyds Banking Group.
Lloyds Bank is a trading name of Lloyds Bank plc, Bank of Scotland plc and Lloyds Bank Corporate Markets plc. Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no.2065. Bank of Scotland plc. Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland no. SC327000. Lloyds Bank Corporate Markets plc. Registered office 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 10399850. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278, 169628 and 763256 respectively.
We adhere to The Standards of Lending Practice which are monitored and enforced by the LSB: www.lendingstandardsboard.org.uk.
Eligible deposits with us are protected by the Financial Services Compensation Scheme (FSCS). We are covered by the Financial Ombudsman Service (FOS). Please note that due to FSCS and FOS eligibility criteria not all business customers will be covered.