Does your Business have the correct insurance?

Moved you over to the legal and insurance forum.

I hope this isn't a self promo Mr Andrew Sir

I must admit, correct me if I'm wrong but I thought (or at least in the UK) that it was pretty straightforward.

All you legally require is Employers Liability Insurance, ie someone trips and breaks their leg in your office.

If you visit a customer/clients premise, then you also need Public Liability Insurance.

No doubt there are 101 bolt on insurances, but aren't these 2 the only ones the average small business needs to really worry about?

How about any overseas members, is it the same there or does your country have different requirements?

Every year when my public liability expires I have to go through the same process, I'm covered for 10million, the insurance companies know what industry I work in (business name kind of gives it away) get one sheet of paper to say the business is covered, get 10 sheets of paper saying what is not covered. The main one being blow lamps Hello we're plumbers and we use blow lamps! Can't work above 4 floors including the basement So this excludes working in the majority of apartments and offices in London!

Wouldn't it be easier to go to your trade association and ask whether they've a list of insurance companies that specially target businesses like yours? Then you wouldn't have to plough through umpteen offerings by insurers that obviously don't have a clue about your requirements.

Yes it would be easier, but far more expensive. There are around 20 or so plumbing trade associations in the UK all trying to out gun each other, I avoid them all like the plague apart from the one I'm legally obliged to join otherwise it would be like having a second mortgage, just to have a few fancy trade names on my letter heads. Most of these trade associations use companies such as AXA and just cream a percentage of the fee a bit like the supermarkets that sell home and pet insurance, Tesco's are a grocer not an insurance company, but they also buy scrap gold....

I was a member of the FSB, they offered me free banking and a cheaper insurance for my company than i was getting.
Fine thought i, that means i have to join, so i did.
I was already getting free banking at the time, so that was not an issue, but the insurance company that i was using, gave me a fantastic coverage at a fairly reasonable price.
The FSB had an office in the building of the insurance company that we used, they offered a policy to cover my work from the same company, but with so many restrictions that i could not carry out my work efficiently.
To be insured through FSB and with the same company that i had used for several years, would mean height restrictions, ladder restrictions, hazardous chemical restrictions, no guns at all not even airguns, and various other restrictions. But the straw that broke the camels back was that they wanted an extra