Originally posted by malvolio
Is the £200 true for someone with a turnover just under 100k? I need PI insurance and £200 for £1m cover is cheap.
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Is the £200 true for someone with a turnover just under 100k? I need PI insurance and £200 for £1m cover is cheap. -
Would I say it if it weren't? Typical one-man business for standard levels of cover and risk is around £220 pa through the PCG discount. If your turnover is less than £100k I think (from memory) the rate is around £175.
Similar cover sourced as an individual is close to £450 - so there's your basic membership covered before you start...
Blog? What blog...?
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For those of you who have not been around for very long:
Malvolio posts regularly on this board on all kinds of contracting issues, mostly in the serious threads.
He is normally right and does not give spurious advice.
I have only ever taken issue with him on matters of interpretation, not of fact.
I trust his advice.I am not qualified to give the above advice!
The original point and click interface by
Smith and Wesson.
Step back, have a think and adjust my own own attitude from time to timeComment
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Thanks LG, the cheque is in the post...
Blog? What blog...?Comment
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Group hug
The court heard Darren Upton had written a letter to Judge Sally Cahill QC saying he wasn’t “a typical inmate of prison”.
But the judge said: “That simply demonstrates your arrogance continues. You are typical. Inmates of prison are people who are dishonest. You are a thoroughly dishonestly man motivated by your own selfish greed.”Comment
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LOL Praise indeed.
For info the cheapest quote I've had for PI cover of £1m off a £100k turnover is £364.
So, PCG membership pays for itself v quickly in this case!Comment
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..... only after completing their online quote form for PCG members the quote came through at well over £400........Comment
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As well as all the other reasons for joining the PCG, within a month I had bagged a small piece of work (5K) through their forum.
So for me it was very worthwhile...
Older and ...well, just older!!Comment
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couldn't you close the company accounts and let them take the assets left in rather than pay the insurance premium?--------------------------------------------------------------------------------
SA - Is it like a dragons nostril?Comment
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There are a couple of possible problems with that. One is the value of the retained assets, this is all the shareholders funds. Trying to pay them out in these circusmstance will be a problem. The other is that PI cases are often targetted at the individuals concerened.Originally posted by kramer
Still, it's simply a risk. Myco never held any PI insurance of any description. Cases are very rare.Comment
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