Simply Business

Simply Business

Provides tailored business insurance solutions

About Simply Business

Simplify's Rating
Why Simply Business is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Rating Differentiation

Industries

Fintech

Financial Services

Company Size

501-1,000

Company Stage

Acquired

Total Funding

N/A

Headquarters

London, United Kingdom

Founded

2000

Overview

Simply Business provides business insurance specifically designed for small businesses and landlords in the UK. Their offerings include various types of insurance such as public liability, professional indemnity, employers' liability, and specialized coverages like tool and van insurance. Clients can easily obtain quotes and purchase policies through an online platform, which allows for quick adjustments to coverage as business needs evolve. Unlike many traditional insurance providers, Simply Business focuses on the unique requirements of small enterprises, making the insurance process straightforward and flexible. The company's goal is to be a reliable partner for small business owners, helping them protect their operations with tailored insurance solutions.

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Simplify's Take

What believers are saying

  • Partnership with Coterie Insurance expands business owner's policy coverage nationwide.
  • London's buy-to-let market growth boosts demand for landlord insurance products.
  • Initiatives supporting mental health align with growing trends in self-employed wellbeing.

What critics are saying

  • Increased competition from new digital insurance platforms may erode market share.
  • Rising UK interest rates could slow property market, affecting landlord insurance demand.
  • Economic uncertainty in the UK may impact small businesses' ability to afford insurance.

What makes Simply Business unique

  • Simply Business offers tailored insurance for small businesses and landlords in the UK.
  • Their digital-first platform simplifies the insurance buying process for clients.
  • They provide a wide range of insurance products, including public liability and professional indemnity.

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Funding

Total Funding

$0

Below

Industry Average

Funded Over

1 Rounds

Acquisition funding comparison data is currently unavailable. We're working to provide this information soon!
Acquisition Funding Comparison
Coming Soon

Benefits

Hybrid Work Options

Mental Health Support

Flexible Parental Leave

Paid Sabbatical

Life Event Leave

Professional Development Budget

Competitive Salary

Performance Bonus

401(k) Company Match

Private Medical Insurance

Health Cash Plan

Paid Vacation

Life Assurance

Flexible Benefits Scheme

Remote Work Options

Company News

IFA Magazine
Jan 21st, 2025
London Tops Leaderboard As Highest Growth Buy To Let Market In The Uk

At the start of a pivotal year for the UK’s private rental market, Simply Business, one of the UK’s largest providers of small business and landlord insurance, has analysed over 100,000 landlord insurance policies to uncover the UK’s buy-to-let property hotspots, and point to top investment opportunities for existing, or aspiring, landlords in 2025.The data reveals a dramatic re-shuffle in the buy-to-let leaderboard. London has bounced back as the buy-to-let capital of the UK, with 13% growth in new buy-to-let landlords between 2023-2024, compared to just 4.11% growth the previous year. After stuttering in 2023, London’s strong continued tenant demand and the broad array of property types buoyed the market once more last year.While Glasgow topped the chart in 2022-2023 with 11.95% growth, last year saw it fall back to the bottom of the board, with a much more conservative 7% growth in new policyholders.Mike Harvey, Landlord in London with 25 years’ experience in the market said “The London rental market is performing very well. It’s straightforward to find good tenants, and rental incomes remain strong. As a landlord, I’m also finding that insurers are very competitive at the moment, and I have easy access to a wide range of tradespeople who are always quick to respond when I need help with my properties. We have a 2-unit block and have found these to be the least hassle, with the nicest tenants and best investment return – so we’re very pleased with this position for the short and long term.”UK’s buy to let hotspots2024 Ranking City Region Annual growth* 2023 Ranking 1 London South East 13.00% 10 2 Birmingham West Midlands 12.00% 6 3 Leicester East Midlands 12.00% 5 4 Leeds Yorkshire 11.00% 3 5 Manchester North West 10.00% 7 6 Nottingham East Midlands 10.00% 2 7 Bristol South West 9.00% 4 8 Edinburgh Scotland 9.00% 9 9 Liverpool North West 8.00% 8 10 Glasgow Scotland 7.00% 1 *difference in new Simply Business landlord insurance policies between 2023 and 2024Regulation to reshape the marketNotably, London is also home to the largest group of multi-property landlords in the UK – followed by Manchester, Birmingham and Nottingham

Insider Media
Dec 30th, 2024
Sensory-friendly clothing company co-founded by 11-year-old wins growth grant

A Derby-based sensory-friendly clothing company has been selected from more than 17,000 UK-wide applicants to win a £25,000 grant.

Insurance Business Magazine
Dec 19th, 2024
Simply Business partners with Coterie Insurance to expand BOP coverage

Simply Business, a digital insurance marketplace focused on small businesses, has partnered with Coterie Insurance to expand its business owner's policy (BOP) coverage nationwide.

BDaily
Dec 15th, 2024
Simply Business names new UK chief executive

Simply Business, a digital broker for small businesses and landlords, has appointed Julie Fisher as its UK chief executive officer.

Hillingdon Times
Nov 29th, 2024
Local pubs to vanish over the next decade, warns new research

To call attention to the plight of UK pubs in a striking way, Simply Business has partnered with The Pelton Arms in Greenwich to give it a poignant 'Bleak Friday' makeover.

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