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It would appear then that I need to continue insurance cover after I cease trading until the day I die; just in case something I've done happens to cause injury to someone somehow?
I have been running a business as a sole trader for almost 20 years, and am coming up to retirement. I intend to just cease trading, rather than try and sell it. I presume that when I tell HMRC that I have ceased to be self-employed, I then cease to be liable for any claims against my business...