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Discuss 1 or 2 mill insurance? in the Insurance for Plumbers area at

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  1. cure1973

    cure1973 Guest

    Hi everyone
    Just wondered what cover you should have for a ltd company? Is 1 million enough cover?
    I will only be working in domestic situations...

    PS Hi I'm new here!
  2. kris

    kris Trusted Plumber GSR

    Hi mate, depends on you, i used to have 1mill insurance but if your gonna be joining different bodies like im snipef which require you to have 2mill minimum , and the difference isnt much to purchase,
  3. rpm

    rpm Trusted Plumber

    Welcome along, wouldn`t go ltd straight away, check out recent thread on this topic.

    IDCHAPPY Trusted Plumber GSR

    2 mill
  5. Ch4 plumbing

    Ch4 plumbing Plumber GSR

    If your looking to buy try Intasure, I've just changed to them and found them very competitive.
    • Like Like x 1
  6. PhoenixServices

    PhoenixServices Plumber GSR

    What size properties are you working in? If you start getting a few nice houses you want to make sure you have 5mill really.
    • Like Like x 1
  7. lame plumber

    lame plumber Guest

    London or county council work, 10 -12 million at least, you burn down a terrace and you'll need to emigrate if your 1 million!
    • Like Like x 1
  8. SimonG

    SimonG Trusted Plumber

    I went for 2, only becauee you cant get sfa for a million these days.:)
    • Like Like x 1
  9. Ch4 plumbing

    Ch4 plumbing Plumber GSR

    I've had to upgrade to £10m, like lame says think about what type of work your doing. No point in having £1m if you need more.
    • Like Like x 1
  10. cure1973

    cure1973 Guest

    Thanks for all the replies , I think I will be safe and go for 2 mill then! Got quoted 330 per year with tradesaver not sure if this is too high but I guess I am starting out again after 6 years in oz!
    As to ltd company can you show me the thread? I was ltd in my last business too and didn't ever seem a problem?!
  11. newcastle phill

    newcastle phill Guest

    When I lived in hull years ago a business i owned has to have 5 milion cover.

    Can you believe that...5 million in hull.
    What were they expecting me to do...

    ...flatten and rebuild the entire city....TWICE :D
    • Like Like x 7
  12. helpsy

    helpsy Plumber

    £5M cover for me.
  13. Chris F

    Chris F Plumber GSR

    2 million here
  14. gasmanrob

    gasmanrob Plumber GSR

    I had 5 mill as well but don't need any now. 2 mill used to cover me before insurance work said they wanted to see 5
  15. Pipes Plumbing

    Pipes Plumbing Guest

    Minimum £2M... Hetas & Oftec both specify £2M as the minimum level of cover required under their terms. Also depends what sort of work you are doing as to whether you may want / need £5M.
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