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Post Info TOPIC: Personal Indeminty Insurance
Skyebookkeeper


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Personal Indeminty Insurance
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Just roughly, does anyone know how much Public and Professional Insurance cost? Are we talking 100's or 1000's?

Many thanks smile

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Peasie


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I don't know about Public Liability insurance (is it really required) but for Professional Indemnity Insurance it will be based on turnover amongst other things.

I know you're not (?) going with the ICB, but to get a rough idea of the figures you could play around with the quote thing with Trafalgar.
https://www.trafalgar.uk.com/asp/form28part1.asp?a=0&useDef=1&sp=icb&formProc=new

So I'd say we are talking 100's not 1000's.

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kjmcculloch


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Maybe even 10's rather than 100's

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Peasie


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kjmcculloch wrote:

Maybe even 10's rather than 100's

£47.45 up to £5,000 turnover
£86.10 to to £10,000 turnover
£114.00 up to £15,000 turnover
£130.80 up to £20,000 turnover
£147.60 up to £25,000 turnover

based on a sole trader with cover of £50,000 and no employees.

 



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Skyebookkeeper


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Wow thanks guys, thats much cheaper than I thought!

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Stardoe


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Try this site:- https://www.simplybusiness.co.uk It compares various companies for quotes. I got a quote from Glemham for £84 for £50,000 cover with no employees and turnover of £25,000 or less.

Pauline

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Jill Hicks


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Did you go with Glenham insurance, i have just got a quote from them and much cheaper that HGI who I have been with for years.

Jill

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semsley


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You only need Public Liability if you have clients visiting your premises.

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Stardoe


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Hi Jill,

I was just researching PII at the time. I haven't taken any out yet as I'm not yet a member in practice. It will probably have gone up considerably by the time I do !

Pauline

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Julies bookkeeping


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I also went with simply business a lot cheaper than ICB's recommended

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Donna CBK


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I use Sennet Insurance - If you have a membership you do have certain rules to cover for the insurance and they will ask for a copy for their records.

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ADAS


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I've just had a look at Glenham and half the cost of Trafalgar, I'm now wondering if there's a catch?

Tony.

 



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Jill Hicks


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Hi Julie

Did ICB approve your insurance with Glenham.  Dont want to go ahead with them and find ICB wont accept.

I also live in Devon




Jill

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