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New business insurance with ccjs

edited 30 November -1 at 12:00AM in Small Biz & Charities' MoneySaving
3 replies 625 views
Squarepeg72Squarepeg72 Forumite
11 posts
edited 30 November -1 at 12:00AM in Small Biz & Charities' MoneySaving
So I've got a ccj of about 8k to a credit card, it's over 2 years old, the debt significantly older.

I was gifted some cash before xmas by a relative (500) which I have used to build stock for a craft type business. I have a full time job but basically live to the last dime every month with no spare pennies.
This little business has potential but I need product and public liability insurance. Other people making similar say they pay about £60pa. Because of the ccj, Im not being accepted and the one that did has quoted over 300pa :eek:

Does anybody know any insurers who offer reasonable insurance for start ups?

The only debt I have is to a couple of old credit cards, I dont have a mortgage, I've paid everything else off, have regular direct debits for everything else like car, phone, tv etc

Replies

  • Savvy_SueSavvy_Sue Forumite
    42.7K posts
    Part of the Furniture 10,000 Posts Name Dropper
    ✭✭✭✭✭
    Could be worth approaching an insurance broker?
    Still knitting!
    Completed: TWO adult cardigans, 3 baby jumpers, 3 shawls, 1 sweat band, 3 pairs baby bootees, 2 sets of handwarmers, 1 Wise Man Knitivity figure + 1 sheep, 2 pairs socks, 3 balaclavas, multiple hats and poppies, 3 peony flowers, 4 butterflies ...
    Current projects: pink balaclava (for myself), seaman's hat, about to start another cardigan!
  • Squarepeg72Squarepeg72 Forumite
    11 posts
    Hi sue, direct line passed me onto one. Should I try another or are they just the same?
    I know it doesnt sound much but its 5x more that other people pay. How is anyone supposed to get out of debt? I'm not even asking for monthly payments!
  • Savvy_SueSavvy_Sue Forumite
    42.7K posts
    Part of the Furniture 10,000 Posts Name Dropper
    ✭✭✭✭✭
    I'd say yes, definitely worth trying another. You may not get anywhere - CCJs may be a bit of a red flag for certain types of insurance - but you won't know unless you try.
    Still knitting!
    Completed: TWO adult cardigans, 3 baby jumpers, 3 shawls, 1 sweat band, 3 pairs baby bootees, 2 sets of handwarmers, 1 Wise Man Knitivity figure + 1 sheep, 2 pairs socks, 3 balaclavas, multiple hats and poppies, 3 peony flowers, 4 butterflies ...
    Current projects: pink balaclava (for myself), seaman's hat, about to start another cardigan!
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