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Happyeater

  • Posts: 125
Insurance gone mad!
« on: September 12, 2003, 10:24:57 pm »
I've just split a business t/o around £750,000 per annum, in half. Last year we paid £1500 in insurance costs (10m and 5m employers/public liability), had no claims and this year (for half the turnover) I'm getting a £3000 cheapest quote. This is for a lower liability too (10m and 2m).

Insurance is going crazy.

Is everyone else in the same boat?

Re: Insurance gone mad!
« Reply #1 on: September 13, 2003, 06:20:26 pm »
I looked for public liability quotes for my car cleaning business from about 15 different brokers, 2 of which actually called me back and only 1 gave me a quote!!
£3860.00 p.a.
When I opened my business account with the NatWest bank they got their insurance department to quote me.
£326.00 p.a @ £31.37 pm.

"It never hearts to ask"!