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Post Info TOPIC: INSURANCE FOR STARTING UP
Steve


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INSURANCE FOR STARTING UP
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Hi,
I am just starting out. Can someone give me advice as to what level of liability insurance I should have?
I have been working on an estimated turnover of 20k.
Can any one give me feedback on how long it took you to achieve 20k just as a guide for myself.
 
Indemnity cover of 250k, and have been quoted £190. Is this about right?
Do I need more insurance than that? Does the £190 sound about right?
Regards



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Wendy


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Hi Steve

I was advised by a broker to always estimate my turnover as £50K when obtaining quotes, even if I never quite reach this amount. This acts as safety buffer just in case my turnover grows quicker than expected. I have cover of £250K and I believe this is quite normal.

£190 sounds pretty good. Do you mind me asking who's it with?

Wendy

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Steve


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Hi Wendy thanks for the tip on 50k.

The quote was through Hiscox

Thanks

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