too confusing

renatekriegler

too confusing

Mistral001

I think you can put this on your home insurance

texranger

if its for business you home insurance wont cover this. also a rented flat will your LL allow you to run a business for the flat

Mistral001

texranger wrote: »

if its for business you home insurance wont cover this. also a rented flat will your LL allow you to run a business for the flat

I have my business equipment on my home insurance. Maybe the OP needs to shop around with insurance companies.

steve1980

I doubt very much your landlord will be happy with you running a business from his/her property.

cafe-bisou

Definitely shop around and read the small print. When I was keeping some business stock at home some insurers had no issue with it being covered by my home insurance, as long as I told them about it, and some said they wouldn't cover it. Might be worth speaking to a local broker rather than wading through the online companies, since it's a valuable piece of kit. They'll probably know straight away which companies will allow it.

renatekriegler

Hello

No worries about the LL. We're not running a business; we have day jobs. This is a hobby which we hope to build out. not a business at all. thank you x

texranger

renatekriegler wrote: »

Hello

No worries about the LL. We're not running a business; we have day jobs. This is a hobby which we hope to build out. not a business at all. thank you x

your opening post stated

renatekriegler wrote:

with the intention of growing a business.

which states you are going to be running a business and grow this business

Premier_2

As does the thread title

renatekriegler wrote: »

Insuring a hobby/small business at home?

renatekriegler wrote: »

Hello

No worries about the LL. We're not running a business; we have day jobs. This is a hobby which we hope to build out. not a business at all. thank you x

:huh:

It is perfectly possible to be employed during the day, and run a business of your own in your spare time.

texranger

also if your 20K machine is to produce products for you to sell at a profit then this is a business and you must register as self employed with HMRC within 3 months of starting

texranger

Premier wrote: »

It is perfectly possible to be employed during the day, and run a business of your own in your spare time.

many sole traders do this at the start until their business takes off. I have been self employed for 10+ yrs and i still do some freelance work for my ex employer which always help towards the bills.