Insurance for your business

Insure yourself

As a business owner, you are covered by the same social insurance system as employed individuals. This means you are eligible for benefits such as sickness allowance, parental leave, and pension. However, there are some differences depending on the type of business you run. You can find more information about this on the Swedish Social Insurance Agency’s website.

Social insurance at the Swedish Social Insurance Agency

In addition to social insurance, you may want to consider whether you need to take out any private insurance policies. Examples of personal insurance that may be relevant include:

• Unemployment insurance. Become a member of an unemployment insurance fund. You will have some protection if your business does not develop as planned.
• Pension insurance or private pension savings to compensate for the loss of an occupational pension. Insurance companies, brokers and banks offer a wide range of products.
• Accident insurance.
• Income insurance.
• Sick leave insurance. In the event of illness, you can receive compensation for fixed costs.
• You can also take out insurance policies that increase your sickness benefit, and others that cover costs for medical care and a temporary substitute.

Insure your business

Business insurance

Business insurance is a type of insurance package consisting of different types of insurance, which can vary between different sectors and between different insurance companies. Business insurance can include:

• Property insurance.
• Liability insurance, to cover what you may be liable for in damages if someone or something is harmed by your products or services
• Legal expenses, insurance to cover lawyers' fees and business.
• Interruption insurance to cover lost revenue in the event of business interruption.

Make sure you meet the conditions set by your business insurance policy. If you fail to meet the minimum requirements, there is a risk that your compensation will be reduced or your excess (deductible) increased in the event of a claim. Examples of minimum requirements are that policyholders must have approved locks, fire extinguishers, evacuation routes and first aid equipment.

You can take out a business insurance directly through an insurance company and sometimes through interest organizations if you are a member of a trade union or a company or employer's organization. It is always a good idea to compare different offers to see which one that suits your business best.

Business in your home

Bear in mind that your home insurance does not cover your business. Home insurance only covers items used for private purposes. This means that insurance companies will not cover, for example, tools, furniture, stock or finished products belonging to your business. If you use the same computer in your private life as in your business, the insurance company may consider it to be part of your business and therefore not reimburse it under your home insurance.