Protecting procurement professionals with comprehensive public liability insurance from less than £55* per year
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Get a QuoteOur standard cover is:
Our tailored buyer insurance solutions fully cover purchasers and procurement specialists against injury, damage and financial loss claims from vendor selection, price negotiations, inventory planning and other core purchasing activities.
As an integral cog keeping operations running, buyers interact extensively with manufacturers, vendors and suppliers. However, this also exposes you to substantial risks daily while assessing production lines, negotiating contracts or checking inventory levels. Just one slip, trip or fall during a site visit caused by negligence could lead to significant compensation payouts without insurance.
Additionally, as businesses rely heavily on sourcing judgement calls to acquire quality goods and services, flawed supplier choices can force firms to swallow massive losses if relationships sour, orders remain unfulfilled or shipping issues create chronic stock shortages.
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Trusted for over 40 years
We’ve been providing insurance to businesses since 1984
Financial Strength
Insurance provided by a Standard & Poor’s ‘AA- Stable’ rated insurer
Our Professional Saver Insurance (Covea) has been independently rated 5 Stars by Defaqto – the highest possible rating, awarded to excellent products with a comprehensive range of features and benefits.
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Buyer insurance comprehensively protects professionals tasked with sourcing vital goods, commodities and services for businesses and organisations. This includes purchasers across industries like manufacturing, retail, catering, logistics, technology, pharmaceuticals and more.
It safeguards buyers against substantial claims and lawsuits due to errors, omissions or negligence during:
For buyers, inadequate due diligence or a single poor judgement call choosing an unreliable vendor could spell financial calamity for employers. This insurance mitigates livelihood-threatening risks purchasers face daily.
We offer varying levels of coverage based on your specific business needs, but our buyer policies can include:
* Total number of live policies as of 31/10/2025
From only£55per year
From only£55per year
From only£55per year
From only£55per year
From only£55per year
From only£55per year
Typical high-cost slip-ups include:
Absolutely. Flawed inventory analysis and forecasting is a major area we protect against. For example, if you fail to account for rising demand leading to inadequate stock levels or order excessive quantities of depreciating raw materials that simply cannot be utilised, our insurance would cover resulting employer losses from such stock and working capital mismanagement.
From the initial supplier sourcing process right through to inventory management and oversight, our standard buyer policies have purchasers covered for typical activities like:
Essentially, any claims tied to purchasing judgement calls or negligence during the end-to-end procurement process.
Yes, our buyer insurance solutions can be extended to cover temporary procurement staff, contractors or freelancers operating under your business name during busy periods or specific projects. This ensures all personnel involved with key purchasing decisions and supply chain management enjoy comprehensive protection against claims.
