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⍰ ASK What types of insurance are mandatory for businesses in the UK?

In the Uk businesses have to have certain insurance to be responsible and protect themselves. If a business has employees, it must have employer's liability insurance. This covers the cost of claims if employees get sick or hurt while working.

For businesses using vehicles for work, they need motor insurance. This is a must to cover any costs if there's an accident, like injuries to others or damage to their property.

Some businesses, especially if they do specific jobs, might need professional indemnity insurance. This insurance helps with legal costs and claims if there are mistakes or negligence in their professional work.

Certain industries, like finance or healthcare, might have more insurance rules set by industry authorities or regulators.
 

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