public liabilty

[cdodds2004]

just had a quote off axa for my public liability

£390

1 million

£500 excess

and 2500 tool insurance

is this any good or excessive can anyone recomend a better company and also is one million enough or do people recomened more!


thanks

 

[Bartdude]

I use Trade Direct who are affiliated with OFTEC. 2 million is the minimum amount of cover that OFTEC require you to have. I paid £417 with tool cover,but I also have accident cover which will pay me weekly if I injure myself and can't work. Essential when you're self employed I think.

Plumbers insurance is always high compared to most other trades,it's the blowlamps that do it.

 

[BLOD]

I've found "directlineforbusiness.co.uk" tradesman cover to be competitive.
It works out cheaper to get an online quote than phone them up.

 

[GrahamM]

I think £2 million is the standard now. BG are looking for £2 mill minimum for sub work.

 

[Blackcatgas]

2 million cover £287 with Zurich through simply bussines.

 

[Dannypipe]

My renewal is coming up next month, they want £450 for 2million pub liability and tool cover. This is Natwest who I've been insured with for 3 years and never had a claim.

 

[PlumbBobBob]

just been to hsbc to see about pl insurance through axa they wanted over £1000 with accident cover £770 without! same company on simply business £485 without accident cover. asked about difference in price and was told that comparison sites buy in bulk and can afford to discount but £300?

 

[Avatar]

Its worth checking that the policy covers you for commerical - although that bumps it up a bit (£200)

Mine is about 600 plus with 4000 tools, 2m liability - you can find even quite small commercial properties (like a care home or office), you will not be covered in . . .

Also commercial cover is required for site work as well!

 

[PlumbBobBob]

good point will look into it later.