PolicyBee is an online business-insurance broker for freelancers and small companies. New customers who buy through the referral invitation can receive a £20 reward.

Referral link: we may also receive £20 after a successful referral. Your reward is not reduced.

How to get the PolicyBee new customer reward

  1. Open the referral invitation.

    Start the quote through the £20 offer button.

  2. Describe your work.

    Answer the questions carefully so the proposed cover matches your business.

  3. Review the quote.

    Check the cover limits, excess, exclusions and full price.

  4. Compare alternatives.

    Get at least one other quote for the same level of cover.

  5. Buy the suitable policy.

    The £20 reward is processed after the referral meets PolicyBee’s conditions.

What insurance does PolicyBee sell?

PolicyBee arranges products including professional indemnity, public liability, employers’ liability, cyber insurance and cover for offices or equipment. What you need depends on your work, clients and whether anyone works for you.

How to compare business-insurance quotes

  • Use the same business activities on every quote.
  • Compare the total annual cost, not only the monthly figure.
  • Check the maximum amount the policy can pay.
  • Look at the excess you would pay on a claim.
  • Check whether work completed in the past is covered.
  • Read any exclusions that relate to your clients or industry.

Who might find PolicyBee useful?

The online quote process can suit consultants, creatives, therapists, trades and other small businesses that want to arrange cover without a long telephone call. If your work is unusual or complicated, speaking to an adviser may still be the easiest route.

Pros

  • £20 reward after a qualifying policy purchase.
  • Online quotes aimed at small businesses.
  • Several common business covers available.
  • Human support is available when needed.

Cons

  • The cheapest quote may be somewhere else.
  • The reward can take time to arrive.
  • Not every policy suits every type of work.
  • You need to compare cover details carefully.

PolicyBee questions

Do I get £20 just for requesting a quote?
No. PolicyBee’s current referral programme pays the referred customer £20 after they buy a policy and meet the referral conditions.
How quickly will the reward arrive?
The existing offer guide notes that processing may take more than 30 days. Keep your referral and policy confirmation, then contact PolicyBee if the stated period passes.
Is PolicyBee an insurance company?
PolicyBee is an insurance intermediary that arranges policies from insurers. Its terms say PolicyBee Ltd is authorised and regulated by the Financial Conduct Authority.
Should I choose PolicyBee because of the £20?
Only if the policy itself is suitable and competitively priced. Insurance is there to protect the business, so do not accept weaker cover for a small reward.

Sources and checks