Insurance in the UK

[oldtimer50]

Ok all the UK techs where the best place to get liability insurance in the UK,
for the business.

 

[acs]

I used direct line business

 

[PBComputer]

I'm with hiscox but that's changing as I'm sure I can get it cheaper.

 

[JustInspired]

Simply Business http://www.simplybusiness.co.uk/insurance/

 

[Moltuae]

Never had (or needed) any sort of business insurance in my 20+ years of being in business. I often wonder if it's about time I did ...

What's the typical monthly cost for a sole trader?

 

[PBComputer]

Never had (or needed) any sort of business insurance in my 20+ years of being in business. I often wonder if it's about time I did ...

What's the typical monthly cost for a sole trader?

I've pmed you as I don't what to post it publicly since its not in TEO.

Paul

 

[PCSupportGlasgow]

I used direct line business

i would be checking and double checking your policy. Last time i got a quote from direct line it was worded in such a way that it was useless (almost positive it didn't cover working on servers and what was classed as a server was a very grey area that could describe almost every single modern pc out there. so was computer repair insurance that didn't cover you for working on computers).

 

[Cambridge PC Support]

I've been paying about £40 a month for public liability insurance through Towergate and have been meaning to add professional indemnity insurance and a better quote.

Did an online check with Hiscox the other day and they are quoting me £20 a month for PI & PL.

I need to check exactly what it covers though.

 

[Moltuae]

I need to check exactly what it covers though.

That's always been the bugbear with insurance for me; knowing exactly what they cover you for isn't always clear.

Having insurance always seems wise, but unless it fully covers you, it's no better than a scam. Insurance companies will always try to find a way to get out of paying up, and some policies have so many clauses that it's easy for them to weasel out of paying.

 

[kpk1]

I've just renewed mine, through Simply Business, using a Hiscox policy.

I find the policies well explained.

 

[joydivision]

I am with Simply Business, Hiscox I think from memory . If you're going into peoples houses then public liability is the absolute minimum you need (I think even by law). If you have a shop then it is a different policy, but covers the same thing.

You also need professional indemnity insurance, it is not law but any respectable business should really have it. Then there is other insurance policies such as stock etc.

On the subject of insurance, if you drive to jobs etc then you must also have a car insurance policy that covers business use.

 

[oldtimer50]

Insurance

I have to say some great information here, I will have a good look around before I buy but interesting someone says, no insurance for Twenty years ?, and I agree that you can never understand the policy's, and If you do go to claim well help just not there.

 

[dominexsus]

simply business

Simply business 01604 823 948 Most likely the cheapest one you can get

 

[Moltuae]

but interesting someone says, no insurance for Twenty years ?

I wouldn't recommend no insurance in general, but the risks in my case have always been minimal.

The vast majority of my customers are business customers who I've had (and personally known the owners of) for 10 years or more. They're all very loyal customers and, the relationship is such, that I'm very open and frank about all the pros and cons of any work I do for them, including any risks (like backup limitations), which they agree to take responsibility for.

I've never lost a customer and I rarely take on new customers anymore because I already have more work than I need. I've never advertised (all new customers in the past have come through recommendation), so I don't do work for 'strangers' or the public in general. I do have a handful of residential customers, but they're generally either people that I know well or people who have come through other people or businesses that I already do work for.

And, though there's always a first time, in 20 years I've never made a mistake that cost a customer, nor have I ever accidently broken a customer's property.

I do accept the need for insurance though -- it's one of life's necessary scams unfortunately -- and I have considered it on occasion. If it's cheap enough, I may take the plunge but, to be honest, I'd rather self-insure by putting some money aside to allow for breakages, etc.

 

[Cambridge PC Support]

Just got mine thru Simply, £265 for the year. Covers PL, PI & equipment.

 

[Martyn]

Just got mine thru Simply, £265 for the year. Covers PL, PI & equipment.

That's a good price, I'm paying more than that I think through Simply.

 

[Cambridge PC Support]

I only really did it because it'll look good on the website