Insurance

welshasiancheapskate

hello all,
Sorry if I am posting in the wrong board.
I am trying to find an online quote for our business(restaurant)but do not know which companies do them as I dont want to go via an insurance broker.
any suggestions/ideas etc would be much appreciated.
I have done my car insurance and home insurance via the net and have saved almost £600!!!
Thankyou in advance.

Wacs xxxx

Oscar_The_Grouch

I think Direct Line have started doing this:

http://www.directlineforbusiness.co.uk/

Whether they are any good or not, I wouldn't want to say.

Premierline Direct seem to offer a 10% saving guarantee:

http://www.premierlinedirect.co.uk/scripts/servlet.cgi?page=products/restaurant/index.html

This is not a company I know anything about, so I cannot recommend them.

As a business owner, I am sure you will agree that the cheapest is not always the best. I would always prefer to see business insurance transacted by a broker, but perhaps I am just too "old school"!!

mattymoo

Oscar_The_Grouch wrote: »

As a business owner, I am sure you will agree that the cheapest is not always the best. I would always prefer to see business insurance transacted by a broker, but perhaps I am just too "old school"!!

Me too.
Commercial insurance is a great deal more complex than domestic and you need to be aware of things like policy warranties and conditions. Some insurers apply these willy nilly and a good broker will pull them up on this and ensure you are aware of all the terms and conditions.

Remember also that when you buy as a business, you have no consumer protection such as that offered by the financial ombudsman service. You are assumed to be entering into a contract on equal bargaining terms.

Finally, you will be responsible for setting the sum insured and woe betide you if you get it wrong. The insurers will apply a thing called "average" and you will receive a pittance. Average used to apply to domestic policies and still does in some cases but now most have moved over to high, fixed sums insured to avoid this problem.

welshasiancheapskate

thankyou all