What may seem like a simple question, can become very confusing if you spend a bit of time looking on the internet and reading up on the subject.
There are very few, legally required, forms of business insurance in the UK. The main one that every owner is aware of is employers liability insurance. In addition there is third party motor cover and, if you have hydraulic or lifting plant, you need to have engineering inspection cover, which is a form of insurance.
One sure fire way of finding out exactly what cover you need, is to speak to an expert. What we mean is actually discuss this, either face to face, or over the phone with an independent business insurance broker. What you should not do, is fill in forms and receive quotes from a quote site. Whilst you may get a good price and what looks like good cover, you are not receiving any advice regarding what your real demands, needs, wants or requirements are.
We cannot stress enough, that just taking the time out to have a chat with someone who has access to a range of insurers, is time worth spending. The bonus is, that this process is free. Most brokers are quite happy to discuss, help and advise for free, you never, every have to pay for the quote.
It may be that your current cover is insufficient or the way that it has been arranged is far too complex or is based on too many separate policies. Insurers are changing and refining their wordings all the time. Whilst you may have had to have two or three separate policies a few years ago, in 2010 it may be that a new or existing underwriter has a better, more competitive product that encompasses all of your requirements.