For anyone looking for PI / PL Insurance ...

[kingcook]

You mean this? Which covers smaller businesses.

That's the one

[SueEllen]

Assuming you mean if the company goes bust...

Aren't all insurance policies covered by the FSA if the company goes bust? (something like 100% of the payout upto £2K, the rest paid out at 90%)

Or is that for non-business only?

You mean this? Which covers smaller businesses.

[SueEllen]

I think he means that in order for you to be in the position of claiming on the insurance, you must have done something that the client can prove was both your fault and negligent/incompetent/etc. And since you were negligent/incompetent/etc your insurance is invalid.

That's the same with all insurance companies.

[Pondlife]

Assuming you mean if the company goes bust...

I think he means that in order for you to be in the position of claiming on the insurance, you must have done something that the client can prove was both your fault and negligent/incompetent/etc. And since you were negligent/incompetent/etc your insurance is invalid.

[kingcook]

BTW, cheap insurance is no good if they dont pay out!

Assuming you mean if the company goes bust...

Aren't all insurance policies covered by the FSA if the company goes bust? (something like 100% of the payout upto £2K, the rest paid out at 90%)

Or is that for non-business only?

[aubergine]

Out of interest, just took out a policy from a company called Glemham via a site called SimplyBusiness.co.uk for Public Liability and PI insurance for £109.39 for the year.

FYI, I'm an analyst / developer and the policy has £1M / £500K cover but there are a few exception clauses around supplying software which may not suit some people.

For me, it was more of a 'box ticking' exercise to meet the agency rules for my new gig though.

Cheap as chips.

Hope this helps someone...

I'm looking at Glemham - they're very cheap, and I'm tempted. What were the exclusions you were worried about? I could only see exclusions in relation to hacking and viruses ..

[royster]

I use Trafalgar Insurance for their Professional Indemnity / Tax & VAT, + Employers Liability (£10 million),
+ Public Liability

PI = £1M
EI = £10M
PL = 1M

total for the year £385

[Wobblyheed]

Been with them 5 years now - cheap as chips!

[gingerjedi]

QDOS. 1 million quid PPI and PI for 189 quid.

BTW, cheap insurance is no good if they dont pay out!

WHS^ And I pay it monthly at no extra cost.

[BolshieBastard]

QDOS. 1 million quid PPI and PI for 189 quid.

BTW, cheap insurance is no good if they dont pay out!

[malvolio]

Wow, they quoted me >£1500. I currently pay £400.

That's 'cos you don't work for them?

[Fred Bloggs]

Wow, they quoted me >£1500. I currently pay £400.

[northernladuk]

V Cheap indeed.

Do they do any contract checking and if so how much?

[ChrisPackit]

Out of interest, just took out a policy from a company called Glemham via a site called SimplyBusiness.co.uk for Public Liability and PI insurance for £109.39 for the year.

FYI, I'm an analyst / developer and the policy has £1M / £500K cover but there are a few exception clauses around supplying software which may not suit some people.

For me, it was more of a 'box ticking' exercise to meet the agency rules for my new gig though.

Cheap as chips.

Hope this helps someone...