Why do I need separate business (corporate) insurance?Īn organisation is a separate legal entity which can be sued in its own right. If you carry a lot of stock or other business assets, or have premises, you may need other covers. The CSP PLI scheme will cover you for your medical malpractice (professional liability) and public liability risks for your individual work, subject to the terms and conditions of the policy. I am a sole trader, don’t have anyone else working with me, and don’t employ any staff. You may also need legal, business and tax advice if you are setting up a business. How you set up your business will affect what insurance you need and you should take your own insurance advice. This might be as a self-employed sole trader, or you may set up some form of corporate structure such as a Limited Liability Partnership (LLP) or a company limited by guarantee (Ltd Co).
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