What Insurance for Sole Trader

chrisb1357

Hi all,

I am looking at what type of Insurance i would need as a sole trader. I am going to start off in my local area doing IT and Computer Support as well as giving Advice etc. I will be working from home but most the time in other peoples homes

Chris

chrisb1357

Had a quote today from Direct Line, Quote was £6.24 a month for £5,000,00 Public and products liability, Goods in Transit £1,000.

Can anyone advise if this is a good quote

Chris

chrisb1357

Evenign all, I have been looking around for Insruance today. I cannot seem to find many places that offer Profesional Indemnity. I got a cracking quote from directline for Public Liability but they dont offer Indemnity cover. can anyone advise

Chris

ukbill69

AXA is best price! You only really need professional indemnity.

chrisb1357

I would also need Public Liability wont i as well due to playing with peoples computers that could catch fire or anything else, Not that they will

Chris

dacouch

Axa might be cheap but have a bad reputation for customer service and claims service.

You could try a specialist computer contractor specialist broker like Burnetts http://www.burnett.co.uk/home.aspx

chrisb1357

Many thanks, I have sent both an email. Am not to good on insurance stuff so any help is great

Many Thanks

chrisb1357

Hi all,

Well i have found a few insurance places that offer Professional Indemnity and Public Liability Insurance.

What sort of cover amount is it best to have for myself. I know most people will say go for the largest cover you can have but as funds are low.

Chris

sss555s

Another thing to note chris is to be careful with your personal home insurance, none of your business items will be covered with that and if you have any customers or reps in your home then they will null and void any claims.

Be upfront with them or your throwing your money down the drain.

The normal is your allowed a admin office but no customers or reps to your home and you must inform them.

kippen_noedel

I operate a similar business and have been for a few years. costs me £618pa. Part of the reason for higher costs is my turnover & £2m professional indemnity. I specialise in small secure networks for Solicitors/Estate Agents and Insurance Brokers. You probably don't need that level of indemnity.

You get what you pay for...

chrisb1357

it will be just my desk in my room at home with PC, No people coming to the house etc

Chris