Small Business Insurance Discussion Area

Harryo

Let us know how you get on.

pcrosland

any updates? You might want to try Northern Alliance Insurance Brokers :

http://www.northernalliance.co.uk/

peel66

Hi, Could anyone tell me if Business Interruption Insurance covers you if clients go bust whilst owing you money ?

If so any recommendations.

Cheers

ang_babe

Hi looking for some public liability insurance, i want to sell costume jewellery at small fair / table top sales / small market stalls. As i am very small n just starting out i need very cheap insurance. If any one can help or recommend it would be appreciated Xx A

matttaylor

Hello,

I'm a Freelance website developer working from home.
Occasionally (once or twice a year) a client might visit me but I'm mainly interested in insuring myself against problems that arise through my work.
One example is I run some e-commerce websites on my servers and would like to protect myself should something happen that stops them trading.

Thank you for your help,

Matt

Harryo

Hi Matt

I would suggest you think carefully about your Client's visiting. If one were to have an accident - trip up, fall down the stairs, plus there are obviously so many other risks, you could find yourself being taken to task for a vast sum of money.

Another thing I have found regarding Client's visiting my home is a lot of home insurance policies prohibit that. So again there is a risk of a claim being made by you and teh Insurance Co. refusing to pay out - if they can they will.

I would suggest you are likely to need product insurance to afford protection in case there was any problem with the software websites you are producing. Also you may really need Professional Indemnity Insurance to afford protection in respect of any advice you are giving or any design work you are undertaking.

If you visit companies / people then Public Liability Insurance is really required. If you employ anyone (including say a partner for tax benefits) then employee insurance is really required.

You will probably find that most of these are not excessively expensive.

As you are Freelance you could have a look at Freelance Insure at Caunce o'Hara. They seem to do very good deals.

HO

Savvy_Sue

WRT clients visiting, a lot of people working from home schedule meetings in coffee shops or hotels. That could save a lot of hassle.

Krissia23

Hi, I'm wondering if anyone could help or has any advice...

I am in the process of setting up a website that will sell ebook Documents...

I have been advised by my solicitor to go the way of becoming a 'Private Limited Company'. But in doing so it has brought a couple of issues to my attention...

01) Since the Company itself becomes the 'Employer', BUT since I will wish to take a wage from the sites earnings from what I have read on other adive sites that means that I essentially become the 'sole Employee' rather than the Employer, that being the case do I actually need some sort of 'Insurance' to cover myself and if so what type?
Or as the 'Director' do I simply count as the 'Employer' and am able to pay myself without needing any sort of Employee Insurance?

02) At some stage I would like to hire freelance employees who work from their homes or where-ever, so again do I need any type of insurance at all considering that the only interaction or any sort I will have with these people & the products they create is via email?

Sincerely & Thank you in advance for any feedback or advice.

Krissi

thehullram

Advice needed please

Need some help. I'll give you the quick version. I am part of a not for profit sports club and we took out insurance for 2012 (starting 1st Jan) for a total of £7000. We filled out all of the relevant DD information to pay by 12 monthly installments. We received the years VAT invoice that went into the monthly accounts. On 12th Dec 2012 we received a phonecall to say that they had made a mistake and not take any money by DD. They said they would get back to me with what would happen next. In the meantime I spoke to 3 different insurance specialists who all independently told me that they thought that if there had been a claim the insurer would have refused to have paid out. The insurers are disputing this and threatening legal action. I am more than happy to work out a payment plan with them if we had cover throughout last year, however, I don't know how I can prove or disprove this? I don't want to pay out £7000 for nothing.

Any help much appreciated.

dacouch

An Insurer cannot cancel a policy without following the process laid out in their policy which is normally to write to you.

I would be very surprised if the Insurer had refused to pay a claim due to them not collecting the premium.

Where are these three insurance specialists from as anyone in the industry would know the Insurer will pay out in these circumstances.

It's not that unusual for payments not to be collected and in these circumstances they will act as they have in your case eg contact you and ask to arrange a payment schedule.

If there had been a claim you would rightly expect them to pay the claim.

If your polite with them you may be able to negotiate a relatively small discount off the outstanding or renewal premium eg between £50 and £250.

There's an insurance part of the MSE forum, try posting on there, where you will receive exactly the same advice I've given you from numerous different posters in the industry. The three specialists that have advised you the Insurer would not pay out do not know what they're talking about. http://forums.moneysavingexpert.com/forumdisplay.php?f=21