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Do we need Liability Insurance?

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4leggedtrends

Free Member
Apr 29, 2014
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www.dogification.com
We have set up a web app that only sells a service. Limited company, 2 directors, no employees. Work from home. Monies dealt with via Paypal. Do we need some sort of liability Insurance? Thanks
 
Solution
Frank the Insurance guy
As their are 2 directors, you legally have to have hold Employers Liability cover.

Sometimes it is cheaper to have a policy that also includes public liability cover.

Most economical way to get this cover is doing it yourself online (you should be able to tick all the boxes so get a really cheap deal - google someone like Simply Business).

As for other "optional Insurance" covers - you may want to consider:
- Professional Indemnity (In case you service fails and your customer suffers financially and holds you responsible for their financial loss)
- Cyber Insurance (To help if your service is hacked and stops you trading)

There are a number of other policies - for details click on the link in my signature below.
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As their are 2 directors, you legally have to have hold Employers Liability cover.

Sometimes it is cheaper to have a policy that also includes public liability cover.

Most economical way to get this cover is doing it yourself online (you should be able to tick all the boxes so get a really cheap deal - google someone like Simply Business).

As for other "optional Insurance" covers - you may want to consider:
- Professional Indemnity (In case you service fails and your customer suffers financially and holds you responsible for their financial loss)
- Cyber Insurance (To help if your service is hacked and stops you trading)

There are a number of other policies - for details click on the link in my signature below.
 
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Solution
Frank the Insurance guy said:
As their are 2 directors, you legally have to have hold Employers Liability cover.

Sometimes it is cheaper to have a policy that also includes public liability cover.

Most economical way to get this cover is doing it yourself online (you should be able to tick all the boxes so get a really cheap deal - google someone like Simply Business).

As for other "optional Insurance" covers - you may want to consider:
- Professional Indemnity (In case you service fails and your customer suffers financially and holds you responsible for their financial loss)
- Cyber Insurance (To help if your service is hacked and stops you trading)

There are a number of other policies - for details click on the link in my signature below.
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Thank you very much for your advice, much appreciated.
 
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