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Public Liability Insurance - good place to go for a quote?

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Old 20 November 2003, 09:21 AM
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Scooby96
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For my gf's new business venture hiring out china / crystal and catering equipment?
Old 20 November 2003, 10:38 AM
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Scooby96
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Anyone know any good on-line quote sites?
Old 20 November 2003, 11:47 AM
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????
Old 20 November 2003, 11:51 AM
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ProperCharlie
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S96 - i doubt you can get on-line quotes for PL insurance as it is not that easy to evaluate the risk (i may be worng of course). I use a broker for all my stuff, at Opus Corporate Risk. He's always been competetive even when insurance in our industry is going through the roof and people are going out of business due to being unable to afford insurance. I'm at home right now so I don't have the contact details but let me know if you want them.
Old 20 November 2003, 11:56 AM
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Scooby96
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Yes please PC - just had a look at a couple of sites and the it doesnt list this as high risk so i did a quote on a high risk sector (catering) and it came in at £330 pa for £1million

An email address would be good, thanks
Old 20 November 2003, 12:02 PM
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ProperCharlie
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That seems pretty reasonable - ours is about £60k p.a. for £10M. Must be in the wrong business. I've got some nice crystal wine glasses i could hire out. Very reasonable rates . The office is about to get our brokers email, i will mail you with it.
Old 20 November 2003, 12:06 PM
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ProperCharlie
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YSHM, Mr K.
Old 20 November 2003, 12:17 PM
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Scooby96
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thank you sir
Old 20 November 2003, 12:18 PM
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Scooby96
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Does your perhaps include employers liability insurance? Ours is just for the gf and I
Old 20 November 2003, 12:38 PM
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MJW
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Use a broker to hawk round for prices. I had a meeting with my broker yesterday and the cheapest was Axa, who are our existing insurers (so I suspect the repeat business may have had something to do with the lower quote). Also try Lloyds (who are a pretty good benchmark) and Norwich Union.
You will not be able to get online quotes for this sort of thing as risks must be assessed for each individual business. Make sure you've got your health & safety stuff locked down tight as insurers are more stringent about this than the Health and Safety Executive themselves.

Old 20 November 2003, 12:48 PM
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ProperCharlie
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96 - come to think of it, you're right - it's combined liability. if you need h&s advice i can probably help there as i'm doing my NEBOSH National Diploma exams next week; hence i am at home messing about on the 'net (otherwise known as revising) instead of in the office messing about on the 'net (otherwise known as working).
Old 20 November 2003, 01:00 PM
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Buttyawayfromhome
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I have mine through AXA, tied up with home business insurance and equipment used on site.


Nick
Old 20 November 2003, 01:06 PM
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Scooby96
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AXA - ooooh, I suppose I might get a staff discount but they're usually still more expensive than everyone else!
Old 21 November 2003, 07:58 AM
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Scooby96
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Cheers Charlie - Frank gave me a call lastnight and hes sorting it via the Bristol office as I guess he only deals with the 'big boys' in terms of API.
Old 21 November 2003, 08:50 AM
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Austh
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ProperCharlie,

I work for a national insurance broker, I noticed the amount you said your paying for Liability cover. If you would like an alternative indication I would be more than willing to help.
Old 21 November 2003, 08:55 AM
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ProperCharlie
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S96 - glad he could help.

Austh - send me a mail with some details and i'll get in touch before our next renewal, which isn't until next year AFAICR. If you want to get an idea of the work we are doing have a look at our website at www.infraserv.co.uk

cheers.
Old 21 November 2003, 09:07 AM
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Scooby96
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Now I can see why your PL premium is £60K !!!!
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