Business insurance for Insurance brokers

As an insurance broker, your clients look to you for insurance product guidance. You deal in commercial reassurance, but it’s possible to encounter problems of your own in the process. 

Although you do your best to avoid them, accidents can happen in a heartbeat. Chance occurrences could leave your business without important equipment or managing the aftermath of a workplace injury.

Hiscox is a specialist business insurer, so we understand the risks small businesses face. Build a policy with a range of products, from personal accident insurance to office cover – tailored to your business needs.


Online quote in 5 minutes

Get a quote


Why choose Hiscox for insurance broker insurance?


Only pay for what you need

Thanks to our tailored approach, you can select the covers most relevant to your business

*Figures based on an average of all business insurance policies sold to at least 10% of our customer base between January 2023 and January 2024


Award-winning insurer

Our team are proud winners of the Feefo Platinum trusted Service award in 2024


From £8.40 a month*

We work with you to identify the right cover, with quotes starting from £8.40 a month

Get a quote for your business in minutes

Tell us about your business – We’ll help you to build your quote and explore your insurance needs.

Get a quote

Why do insurance brokers need insurance?

Bruises, burns and breakages

In order to service an important client, you invite representatives to your office to discuss options for insuring their liabilities and assets. Good progress is underway until your technical broker trips on a briefcase and spills a tray of hot drinks on the client and their laptop. As an insurance broker, you know how public liability insurance can help. Whether the incident affects property or causes bodily injury, Hiscox provides you with financial support for legal fees and possible compensation.

Broken equipment

While you’re planning a meeting about life insurance with a client, your laptop begins to glitch. You try to persist, but the computer shuts down and you’re unable to even switch it on. Our portable equipment insurance can help with the cost of repairing or replacing this essential piece of kit and may also help with fees involved with hiring a temporary replacement. This cover can assist with other business equipment, too. So, whether you have a business smartphone, or hold video calls with a tablet, they can also be protected.

A work-related injury

During expansion, your insurance broker business takes on employees, meaning you become liable for their welfare – this applies whether they work from home or a shared office environment. There’s a chance you could overlook your company’s office furnishing requirements, resulting in your part-time account handler tripping on carpet. Over time, a poor desk set-up could lead to your most senior broker developing a lower back injury. Fortunately, employers’ liability insurance can help to protect you against the financial impact of claims.

What insurance is available for insurance brokers?

Our offering doesn’t end there. Employers’ liability insurance may benefit insurance brokers with staff, while personal accident cover can offer welcome backing to self-employed brokers.

Not sure what you need?

If you’re not sure what you need, tell us a little more about what you do. We’ll help you to build your quote and explore any other insurance needs.

Build my cover

Insurance for insurance brokers: FAQs

What’s the difference between an insurance company and an insurance broker?

The main difference between an insurance company and a broker is that insurance companies provide insurance, while brokers act as intermediaries.

This means the role of an insurance broker is not to provide insurance, but rather to represent consumers. Unlike insurance companies, brokers receive commission from the party looking to source insurance.

If your business is more accurately described as an insurance company, we also support firms that provide insurance through our cover for financial and legal businesses.

Does Hiscox insurance cover home-based businesses?

Yes – several Hiscox insurance products are relevant and valid for firms run entirely from home, including insurance broker businesses.

These might include property insurance, which can be beneficial if your standard home insurance policy doesn’t cover business activities or equipment. It might be a good idea to check your home contents insurance details to pinpoint the extent of cover, if any, for company property such as work computers.

Many other insurance requirements will be similar for brokers operating a home-based business and those based at an office, such as public liability cover.

Why should I buy my insurance broker cover with Hiscox?

We pride ourselves on being the small business insurance experts, so - in short - what’s happening to your SME matters to us. We also ensure that getting cover with us is as quick and simple as possible.

With Hiscox, you can tailor your policy to include only the covers you need. Once you’ve purchased your insurance, you’ll have immediate cover and we’ll swiftly send your documentation via email.

Among other accolades, we have Chartered Insurer status and we’re proud winners of the Feefo Platinum Service award, so we’re an insurer you can trust.

Choosing an accountant as a freelancer

Becoming a freelance insurance broker could mean you need a little help running the numbers. Read Emma Cossey’s guide to approaching an accountant.

Five key lessons for SMEs

From prioritisation, to seeking support where necessary, we cover the five key lessons SMEs can learn from 2020 and take into 2021 and beyond.

How to manage cash flow

Running an SME can be incredibly rewarding, but balancing finances can often be an issue when you’re starting out. Discover how to manage cash flow with our guide.