public liability insurance quote

[d-g.repairs]

I've got a couple of quotes for pl insurance and the cheapest i can find for £2m worth of cover is £102 that includes £1k tools cover
glazing and double glazing work
Is this cheap ?

 

[CKG]

I've never paid that little - not even even 10 years ago.

 

[yabbadabbadoo]

Is this for one subcontractor?

I have no knowledge of the industry but for PL sounds cheap and you have tools cover!

 

[d-g.repairs]

Its with a company called trade direct underwriters are zurich
I'm a one man band no employees etc

 

[yabbadabbadoo]

I remember paying £52 a year as a sole trader (completely different business) and that was over 10 years ago so I would say with tools cover thats a good price!

 

[ShortCouture]

yes I would say that is very cheap - it must be only PL and tools insurance. Does it cover other biz insurance - like loss of earnings etc? you might want to check exactly what it doesn't cover.

 

[TheGuru2010]

In all honest thaqt sounds a very good deal, i think the market at the minuite for that level of cover would be around the £150 mark.

As other have stated check the cover meets your needs, check there is no exclusions that might cause you problems, such as heat work, hight work etc

 

[longleaf1]

Yes thats very very cheap! Great if you've got a good deal but just check it isn't leaving out any important things!

 

[Rookery]

Thats about right. I pay about £50 - £55 for £1m of cover. Mine doesn't include tools or working at heights.

 

[d-g.repairs]

just requoted this morning and its coming in at £88.52 so its even cheaper

 

[Warmview]

It may be an idea to increase your level of cover to the maximum amount (10m or sometimes 20m) I only say because if you want to belong to a reputable trademark of the industry like the ggf or certass you need a minimum of 5m public liability. Also if you are a self employed subby i believe you may need your own employees liability because technically you are the only employee. Not 100% sure on that one though.