Which public liability insurance?

[JoyDivision]

I need to get this sorted today, I have two quotes one for £63 and one for £121 + £35 as I cannot pay this in one go.

I need to cut costs as much as possible so the £63 is really appealing to me. The dearer quote covers stuff like being mugged etc but the excess renders this a bit pointless.

I am not entirely sure what the £63 policy covers though so I need to phone them.

At this stage in my business every penny really counts but I don't want to be under insured either.

Any suggestions?

Edit just phoned them, the £63 only covers the property, where as the dearer one covers me if I supply a part which turns out to be faulty and then breaks the rest of the machine. In computing the chances of that happening are not always that slim.

[JoyDivision]

Edit its so confusing, both policies just cover things which will probably never happen. I am half thinking of going with the cheaper option.

All sorted now :) I went with the cheaper option and paid it one go, it should help cash flow a little bit.

[Claire B]

£63! Hells bells, my insurance costs a lot more than that (although includes employers liability too)

[JoyDivision]

£63! Hells bells, my insurance costs a lot more than that (although includes employers liability too)

Yeah I only need basic 1 million cover at this stage, I will probably need more insurance as the business grows as I have no professional insurance yet, I will only need that for web sites, network design, database systems etc.

Basicaly for my line of work insruance either costs £1000's or virtualy nothing.

[fastfences]

£63! Hells bells, my insurance costs a lot more than that (although includes employers liability too)

Does not the premium equate to the element of risk? Perhaps JD is such a swift, smooth and no risk person enabling him to benefit from such a low premium :wink: .
Cheers, Nigel

[Jayne]

Mine costs £93 per month, those are both really cheep quotes?

Jayne :D