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Insurance for Ltd Companies
babe_ruth_3
Posts: 279 Forumite
Not sure if this has been asked before as I've never been in this section.
Is there a comparison site that any of you know about that covers insurance for business's. ie Public Liability, Employers Liability, vehicle cover etc?
Ta for any replies
Is there a comparison site that any of you know about that covers insurance for business's. ie Public Liability, Employers Liability, vehicle cover etc?
Ta for any replies
It is unwise to pay too much but it's worse to pay too little. When you pay too much, all you lose is a little money... that is all. When you pay too little, you sometimes lose everything because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot...it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run and if you do that you will have enough to pay for something better (John Ruskin - 19 ctry author, art critic & social reformer)
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Comments
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Not really. You really need to be going to an insurance broker who will then approach companies on your behalf for quotes.
Direct commercial insurances are only really aimed at one man bands, partnerships etc.
Commercial insurance is extremely complex and you need a specialist on your side. Many high street brokers are simply not geared up for this kind of work. The types of firms you should be approaching are:-
1) Local commercial insurance broker. May not have access to all insurers / special schemese for trade sectors though.
2) A regional or national broker such as Towergate, Smart and Cook, Giles etc who will have agencies with a lot of insurers and will know who is best to approach.
3) Multinationals such as Marsh and Aon although they are only likely to be seriously interested if you are paying £80k-100K plus per annum for insurances.0 -
thanks a lot mattymooIt is unwise to pay too much but it's worse to pay too little. When you pay too much, all you lose is a little money... that is all. When you pay too little, you sometimes lose everything because the thing you bought was incapable of doing the thing it was bought to do. The common law of business balance prohibits paying a little and getting a lot...it can't be done. If you deal with the lowest bidder, it is well to add something for the risk you run and if you do that you will have enough to pay for something better (John Ruskin - 19 ctry author, art critic & social reformer)0
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