The Financial Services Compensation Scheme (FSCS) does indeed cover business bank accounts, in much the same way as personal accounts. But the rules are notably different and somewhat more complex. And one of the critical things to note is that the sort of protection you'll get hinges on whether you're a sole trader or a limited company. Sole traders, who hold a business bank account with the same bank where they hold a personal bank account, you're covered for a total of £85,000 for both accounts. The reason for this is that you're deemed to be a single entity from a legal and financial perspective. Conversely, if you have a limited company you and your business are considered to be two separate entities. So from an FSCS perspective, this means that if you and your business hold accounts with the same institution you'll be covered for £85,000 for your personal account and a further £85,000 for your business account.