Financial Adviser Insurance UK — Compare Quotes

Why You Need It

Risks Specific to Financial Advisers

Every trade faces unique risks. Here's what could go wrong and why the right cover matters.

A client claims your work caused property damage — you need public liability to cover legal costs
Your tools are stolen from your van overnight — without tools cover you'd replace them at full cost
An employee is injured on site — employers' liability is legally required and covers compensation claims
A job runs over budget or a dispute arises with a client over your work — legal expenses cover helps
A member of the public is injured near your work area — public liability covers the claim

💡 Most financial advisers need at minimum: Public liability insurance (required by most clients and contractors), plus tools cover if you carry equipment. If you employ anyone, employers' liability is a legal requirement.

Cover Types

What Does Financial Adviser Insurance Cover?

A strong policy covers the specific risks of your trade — from site accidents to equipment theft and client disputes.

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Professional Indemnity

Protects against claims of negligence, errors or bad advice from clients. Essential for any business that provides advice, designs or professional services. Covers legal costs and compensation.

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Public Liability

Covers injury or property damage to clients or third parties at your office or client premises. Required by most co-working spaces and client contracts.

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Employers' Liability

Legally required if you employ anyone. Covers employee injury or illness claims arising from their work. Minimum £5 million required by law.

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Cyber Insurance

Covers data breaches, cyber attacks and GDPR fines. Professional service firms handle sensitive client data — cyber insurance is increasingly essential.

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Office & Contents

Covers your office equipment, computers and business contents against theft, fire and accidental damage at your premises.

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Legal Expenses

Covers legal costs for contract disputes, employment tribunals, HMRC investigations and debt recovery.

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We refer you to FCA-authorised UK insurers offering tailored cover for financial advisers.

Simply Business

UK's leading SME insurer. Fast online quotes for financial adviser public liability and combined policies.

Get a quote →

Hiscox

Specialist business insurer. Strong on professional indemnity and tailored trade cover.

Get a quote →

AXA Business

Wide range of SME insurance for trades and contractors across the UK.

Get a quote →

Superscript

Modern digital insurer. Flexible monthly policies — no long lock-in required.

Get a quote →

Referral fees may apply. The price you pay is unaffected. Always read the full policy before purchasing.

FAQ

Frequently Asked Questions

While not all business insurance is legally required, public liability insurance is expected by most clients, venues and contractors before work begins. If you employ anyone, employers' liability is a legal requirement. Operating without appropriate cover leaves you personally liable for any claims against your business.

Premiums vary based on your turnover, number of employees, claims history and the level of cover you choose. Most sole trader financial advisers pay between £100 and £600 per year for basic public liability cover. Combined policies with professional indemnity and tools cover cost more but provide broader protection.

Yes — most insurers offer monthly payment options. You'll typically pay slightly more than the annual premium in total, but it helps with cash flow. Some digital insurers offer fully flexible monthly policies with no minimum term.

Public liability covers physical injury or property damage to third parties caused by your business. Professional indemnity covers financial loss suffered by a client due to your advice, designs or services. Many businesses need both — check which applies to your work.

You need employers' liability insurance if you employ anyone — including part-time workers, temporary staff, apprentices and in some cases, subcontractors you supervise on site. As a sole trader with no employees, it's not required. The legal minimum is £5 million cover.

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Financial Adviser Insurance — Cover Built for Your Trade

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Risks Specific to Financial Advisers

What Does Financial Adviser Insurance Cover?

Professional Indemnity

Public Liability

Employers' Liability

Cyber Insurance

Office & Contents

Legal Expenses

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Frequently Asked Questions

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