Pete_W6 months ago

I have just set-up my Limited Company and I start my first contract next Tuesday. My contract advises that I should have adequate employer's liability insurance, public liability insurance and professional indemnity insurance. Where should I source this at reasonable cost? (I am a 'one-woman' band providing consultancy advise to commissioners) thanks Kerry  

R2_Amazeballs5 months ago

Hi Any update on this subject? I am still looking for public and product liability insurance for a UK manufactured e-liquid. Any ideas? Cheers  

R2_Amazeballs4 months ago

Hi there, If anyone could give me any advice at all, I would really appreciate it. Please forgive me for being new to the start up business process, I have done a lot of research but still have many questions that are probably silly to ask.. I am in the planning stage of setting up a children's toy hire business (for use at birthday parties etc) - it does not include bouncy castles. I intend to create a document showing the checks that have been carried out prior to the equipment being hired, to ensure and show the safety of every toy, to account for expected wear and tear and to enable me to identify damage that requires replacement of the toy etc, in addition to requiring the customer to sign a document agreeing to supervise the safe use of equipment during the event, what safe use I define as, and agreeing to taking responsibility for accidents occur from incorrect use. - Does this sounds reasonable?? I will have public liability insurance to cover the business in the event of legal issues regarding injury etc arising, although I have not researched this too much yet at this stage. I wondered if anyone knew of any other legal requirements for the toy hire sector that may be applicable. I know there are other insurance types like stock in transit etc but I'm thinking about essential legal requirements in terms of insurance/legal safety requirements for having toys that will be repeatedly used etc. Also, I may be really stupid to ask this but has anyone ever heard of taking out public liability insurance like two months after starting the business? Is this even possible? I can appreciate that I wouldn't have any legal cover during that time. Thank you in advance. : )  

MechExp4 months ago

I am not sure if I will get any responses to a post back from 2014, but can you advice what was the final resolution for public liability insurance on rental kids equipment ? I am going true the same issue right now and any advice will be much appreciated. Thanks in advance Konstantin  

Corrie19994 months ago

EddyP said: ↑ It's true that you need liability insurance for products if you're making a product, but I'm pretty sure the liability in this case will lie with the original manufacturer. Try some comparison sites for a sense of what's available, that's probably a good first port of call.Click to expand... Eddy I've noticed quite a few posts where: a - you have given bad insurance advice (in this case in the UK liability initially lies with the retailer, to protect the consumer, the retailer then has the opportunity to recover against the wholesaler/manufacturer, but if they've gone bust or out of the country then they're stuffed) b - you link to axa direct a hell of a lot. is this some kind of spam/link building campaign? I'm sure AXA's uk MD wouldn't like their brand associated with such bad advice, and I know her personally I have no issue with you linking to AXA (who are a great insurance company) if you have some financial connection, but please at least become a paying member.  

Mary4 months ago

Product liability insurance can be crucial for e-commerce businesses. Jade Wimbledon from insurance provider Simply Business explains why.…

MDG Ltd4 months ago

Hi everyone I am investigating the option of setting up a new business doing a 'collect and clean' service for PC's and laptops. I have pretty much everything in place but am getting confused with liability insurance. I want some simple insurance to cover me in case something happens to the customers machine whilst in my care either in transit or at my home (where the business will be based). The only thing offered by companies though has been public liability insurance which isn't relevant so what should I look for and how much can I expect to pay roughly? Thank you in advance.  

R2_Amazeballs4 months ago

Thank you both for your replies. Linda, if I could ask you a question, or anyone that might know - (it comes from considering both posts together!) do you think an insurer could provide public liability insurance to cover the use of toys (that would usually just be used within the home) being hired (and rehired) for private events? Is this something an insurer would even consider, generally, given the amount of risk mentioned above? (defective design of a toy to begin with/toy not put together properly before being hired out/safe use not monitored by person hiring equipment which causes injury to a child etc) It's not something I can search for on insurance websites, due to the nature of hiring out toys, and I am worried that I don't have the correct information to make a detailed claim at this stage - if you wouldn't mind letting me know what kind of information I'd need to prepare, that would be great. I'm wondering now will I even be able to get insurance? Although, most bouncy castle hire companies offer toy hire, usually as an add on to bouncy castle hire, and most soft play companies offer toy hire in addition to soft play equipment, so they must have found insurance to cover use of their toys? Thank you in advance : )  

Corrie19994 months ago

Assuming tea in this form is a food or drink, see https://www.gov.uk/food-labelling-and-packaging/overview https://www.food.gov.uk/business-industry/startingup https://www.cbi.eu/market-information/tea/buyer-requirements/ You should have product liability insurance as well as public. In case you cause someone to be ill! Note that whatever your suppliers might say, it is you who will be the first call for liability should anything go wrong. It will be tough as there is a lot of established competition and tea is very hard to differentiate without getting a lot of people to taste. G  

R2_Amazeballs4 months ago

Hi everyone, I am looking to hire my first employee for my cleaning company. I have heard that it they are 16 hours or less a week I won't have to put them through the PAYE system, is this correct? Would I have to supply them with a work based pension? They won't be earning anymore than £5000 a year so I'm not sure. I have employers liability insurance and public liability ready to go, is there anything else I should know beforehand? Thanks  

Corrie19994 months ago

A lot of businesses that are in purely to make money fail. You have to have a lot of passion for it, otherwise when the going gets tough you will just quite. Also remember that by the time you have paid all your taxes, business rates, public liability insurance, marketing costs, telephone bills, chemicals etc you will not make as much money as you think.  

Red4 months ago

I've set up a sole trader business on the side of my Ltd co and I am looking to employ a P/T (min 25 hours p/w) or F/T sales employee. Mainly telephone sales, but the employee will also do some door to door sales/enquiries - targeting local shops, and they will also be free to have meetings with potential clients. I would initially be looking at a 3 month contract, with a view to extending it, as long as it is working well. As far as I am aware I need to: 1) Decide how much to pay 2) Get Employer's liability insurance & public liability insurance 3) Write a written statement of employment 4) Tell HMRC 5) Sort out a workplace pension scheme of they qualify I'm looking for advice on anything to do with the above and employing (for the first time). I have been quoted £300 (inc) by a solicitor for a Contractor Agreement if I go down the P/T route. Is this fair? Are there templates out there, where I could set this up myself without having to pay for it? Any advice would be gratefully accepted!  

Mary4 months ago

New measures aimed at softening the blow of employers’ liability insurance (ELI) have been met by muted applause from small businesses. The rules mean that sole trader companies – or those that employ just one person – will no longer have to purchase the insurance.

Fireboy4 months ago

It's true that you need liability insurance for products if you're making a product, but I'm pretty sure the liability in this case will lie with the original manufacturer. Try some comparison sites for a sense of what's available, that's probably a good first port of call.  

Matchmaker14 months ago

I work at Apollo Insurance in Accrington and have several dozen clients involved in the sale, supply and manufacture of electronic cigarettes, associated accessories as well as the sale and mixing of e-liquids. These companies vary in size from multi million turnover businesses to small vendors. Until the last couple of weeks there were a number of insurers happy to accept electronic cigarette risks or more specifically provide products liability insurance for such risks, however following recent press coverage the market has almost completely shut down and those companies with the cover at the moment are likely to find that products liability cover will be withdrawn from their policies at renewal. Those companies need to consider the increased risks to their business and take appropriate steps to mitigate the exposure. If anyone needs any help or guidance on this subject please get in touch.  

Matchmaker14 months ago

Asked a million times before, but here is some background. I have just started a small ice cream manufacturing company producing ice cream with a family member. We both have full or part time jobs so already do self assessments as self employed. We have all product and public liability insurances and will require no credit from suppliers nor loans or finance. We are only going to turnover between 3 -5,000 per year as it is only a hobby business. Is there any point in us being a limited company?  

Fireboy4 months ago

Brianfletch said: ↑ Hi. I am trying to find a company that will provide liability insurance for my business. I retail electronic cigarettes and liquids. Would anyone be able to point me in the right direction please? Regards BrianClick to expand... Hi Brian Did you get anywhere with this? I too am looking for insurance for e-liquid/e-cigs. Do you have to get public liability and product liability? Thanks Phil  

Gary19964 months ago

GraemeL said: ↑ Assuming tea in this form is a food or drink, see You should have product liability insurance as well as public. In case you cause someone to be ill! Note that whatever your suppliers might say, it is you who will be the first call for liability should anything go wrong. It will be tough as there is a lot of established competition and tea is very hard to differentiate without getting a lot of people to taste. GClick to expand... Thank you very much for replying. Yes the business is good and drink - its hand blended/flavoured loose leaf teas. Apologies for not being so clear. That third link was useful as I've never seen that one before and was interesting to read about fair trade. I will be using companies who supply base ingredients to other well known tea businesses in the U.K. and US but yes I completely agree the responsibility does fall on me so yes product liability is a good idea thank you. I understand it isn't going to be easy (what business is? If you know do share!!) and yes there is competition, I'm aiming for the locally crafted thing but don't really know where to start with the legal and registration things past registering as food business/premises I'm mainly unsure if I need to register for VAT and as self employed even though it's a second business and I'm employed full time. Thanks again.  

Mary4 months ago

Hello Everyone, I will be starting my business in a couple of months. Nothing to big just a photography business starting as a sole trader. I have set up a studio in my flat and was wondering if I am able to bring clients in for photo shoots? I will have public liability insurance in place but was wondering if running a home based studio is legal or not? My flat is in a block of three flats and each flat own 1/3rd of the free hold so effectively there is no lease and I own my own freehold. What do I need to do to be able to work from home? I would prefer a proper studio but I am starting up and the expense is not an option until I am established. Any help and advise is very welcome  

Fionas_Boy4 months ago

Hey @Canvasinteriors, I like the idea! With regards to insurance, you might want to look into some product liability insurance. This will protect you should your product cause injury to members of the public or damage to property. Let me know if you'd like any more info/any help at all  

Fireboy4 months ago

Employers’ liability insurance, like an appointment at the dentist, is an unwelcome but necessary imposition. Basically, if you employ people you have to have it. Yet surprisingly, many small companies take out a basic policy and have no idea what eventualities they are covered for and, more crucially, what they are not.

MDG Ltd4 months ago

Hey all, I am looking for Employers' liability insurance and just had a quote for £250, does this seem about right? Thanks in advance Jamie  

Corrie19994 months ago

Hi. I am trying to find a company that will provide liability insurance for my business. I retail electronic cigarettes and liquids. Would anyone be able to point me in the right direction please? Regards Brian  

R2_Amazeballs4 months ago

Hi there. I make crochet collectibles - not toys! - and have assumed that I will need product liability insurance. Do I also need public liability insurance seeing as they get posted all over the world? Does anyone have any experience with obtaining such insurance in this field who would be happy to recommend their insurer? Best regards, C x  

Matchmaker14 months ago

Hi I'm looking a bit of help on starting a business. I have researched and googled a lot to try and find information, Im not to sure on what to do next Im trying to start a mechanic business myself, business is new grounds to me so I'm stuck, I am a trained mechanic, I can do the marketing side, I have a business plan. I just don't know the legal side I know I need liability insurance and vat register I don't not what else any help at all would be appreciated thanks  

Watergirl4 months ago

Both product and public liability insurance are voluntary for most businesses, but these policies could save you a lot of money in the long term.

Bri19874 months ago

There are countless different types of business insurance from employers’ liability insurance to property insurance. Find out which insurance policies you are required to have and what types of insurance are highly advisable for small businesses.

Watergirl4 months ago

There are numerous types of business insurance for small businesses to consider, some of which are compulsory and others that are advisable. Find out what business insurance you are legally required to have as an owner and employer and explore the various types of insurance such as employers’ liability insurance and professional indemnity insurance.

Corrie19994 months ago

I’m looking into setting a website to show the benefits of green products. I was wondering what type of public liability insurance I would need, so for example it some one went up the ladder to check the loft and fell and tried to make a claim against the website. Would I need £2million cover? Where would I get it from?  

Bri19874 months ago

Liability Insurance

Pony up the 100 quid a month and use a service like cloud9umbrella (or similar) and let them handle all the setup, filings, accounts, VAT, etc. There's no hassle, no chore and it makes the startup, ongoing management, and shutdown - all very easy. As far as registering for VAT... Set it up off the bat, get the flat rate program and suddenly you can pocket anywhere from 3-4% up to 9-10%, if labour is your primary cost, by using that flat rate system. The professional liability insurance being included in packages from these types of companies is another perk as well. I just can't understand taking the risk of sole trading when there are so many upsides to going LTD, but maybe I'm just being thick.  

Pete_W4 months ago

I've been an insurance broker for over 20 years and in the last 2 years have arranged liability insurance for several companies who sell e-cigarettes (which give a small dose of nicotine), together with their accessories. Most insurers will not provide cover, however I have successfully placed with different insurers at Lloyds. Feel free to contact me should you wish to discuss further. I'm more than happy to help. Chris Jackson 01462 439842 N P A Insurance Broking  

FordOwner4 months ago

Find out why insuring your business is so important and how some of these small business insurance policies – from business continuity insurance to employers’ liability insurance – could save your business if the worst happens. Plus you’ll find all the answers to small business insurance faqs as well as an insurance glossary and insurance jargon definitions.

Col Minessota4 months ago

I have recently started creating knitting and crochet patterns for sale online as electronic downloads. Given that this is a commercial set up (ie I am trying to make some money!) I have been trying to investigate whether this type of item is classed as a product for insurance purposes. So far all the references I've seen are for physical products only. Can anyone please advise me whether I need to get Product Liability Insurance for these sales. I don't believe I need Public Liability Insurance as I don't have any direct dealings with customers and don't do craft fairs etc. Thanks very much...  

R2_Amazeballs4 months ago

One of my (many) business ideas/interests is opening a gym. I move around the country a lot with my job and I know of some places that are crying out for a "decent" gym, and luckily the world is finally realising the benefits of training "properly" and not just p1ssing about on treadmills and rusty old fixed machines from the 90s. Anyway, I'd like to know more about: -Building use types (I'm determined to find a premises that isn't a grotty old building on an industrial estate. I believe it is a D2 use I need?) -Rates/rental (I have no idea how these work) -Utility bills (are they covered by rates?) -Liability Insurance -Employing staff -Marketing -Membership management (I believe there are companies that manage all this on your behalf) Equipment costs I am clued up on and in fact have a mate who manufactures everything I need.  

petHead4 months ago

Hi all I have a few questions - I hope this is the right place to post and if not please do let me know. I am a tea blender looking to start selling my teas however I don't know what documentation/legal requirements I need. This is what I know so far: 1. I need to register with my local council as a good business. That's simple and I know what I'm doing with regards to food and hygiene policies, labelling, weights and measures etc. 2. To sell in market stalls I need public liability insurance. This is what I need to know: 1. I have a full time job, as I am just beginning and don't plan to make huge amounts of money, do I need to register with the tax office and get a vat number/fill out yearly tax returns etc. Or is that only needed once you start earning a certain amount. 2. Public liability insurance - do I need a special type of insurance as it's a food product (I am only mixing dried ingredients there are no wet products) or will normal crafters style public liability cover me? I'm on a budget and don't know where to begin. The big one: Do I need any other legal documentation/registrations etc to be able to start selling my products? I will be selling these online and in market stalls/craft fairs. I think that's all my questions for now and I thank you all in advance! I look forward to hearing for you all. Marissa P.s. Please note none of my ingredients will be cooked or are grown/dried by myself nor am I making any medical claims. They are all from registered/certified suppliers.  

Porker4 months ago

Hello I am staring up a new business, which will act as an online platform to contact cleaners with customers. The cleaners will be self-employed and asked to hold a Public Liability Insurance. The company will check all of their papers-rights to work in the country, NIN and UTR number, 2 references and will be interviewed in person. However, the company won't directly supervise the cleaning process as well as the cleaners are free to accept or cancel jobs. I need advice or directions how to organize the insurance policy. Some of the insurance agents confused me as they are not sure if the service providers should be consider as employees or Bona Fide Sub Contractors. If they are supposed to be employees, I need to say how many they are, but I am not sure as it is a platform so they might be 10 or 100(depends on how many will join the platform). I would appreciate if someone's had similar experience and can give any advice. Thank you  

Col Minessota4 months ago

There are a range of different types of insurance you can get when renting out a property which include building insurance, contents insurance, landlord liability insurance and loss of rent or alternative accommodation. Use this Startups tool to compare quotes and find out which one is best suited to you.

Bri19874 months ago

We also are still trying to acquire insurance. Using a reputable Chinese manufacturer for ecigs and one of the best American eliquids suppliers. We really need a firm with affordable rates. We can obtain public liability insurance, but if a customer gets hurt by a product they have bought from us, we wont be covered. We don't know where to go from here.  

Watergirl4 months ago

From public liability insurance for injury and property damage, to employers’ liability cover for your staff and freelancers, we offer the core covers you need, plus specific options for a range of risks, such as professional indemnity, or protection for your equipment.

FordOwner4 months ago

Hi all, I am looking at starting my own buisness driving a minibus locally. I have had my car licence for 5 years and 4 years no claims ( i took a year out to travel) and i am aware that i am going to need my D1 and CPC but i don't want to get these until i know my idea is viable and realistic. I think there is a great gap in the market where i live for an 'upmarket' minibus company running groups into town and on day trips, the problem is i have no idea where to start, i have looked into this and have the following major questions. Roughly how much am i looking at to insure a 16 seater minibus in manchester? i know its much more than a car but how much? and do i need seperate public liability insurance? Roughly what percentage of my earnings will i have to pay in tax and NI, i obviously need to know what i am going to have to set aside each month to pay Mr Tax Man? I read somewhere about a Tacho, will i need one of these? And finally, Are there any other finances i am going to need in order to set up the company other than those i will need to buy the bus, get my licence, insure and tax it and put diesel in it? All support and help appreciated John  

Fireboy3 months ago
This topic has been discussed elsewhere
- see here