Decent insurance package for small RFD, possibly including home cover?

4(T)

LE
I'm after an insurance policy suitable in price and scope for a home-based/limited turnover RFD, mainly for the public liability cover.

Ideally, I'd like to find a firm that could do RFD and standard domestic home insurance in one combined bespoke package, as its pretty much impossible to find a home insurance company that can cope with a home-based business.

Any ideas or leads?



My normal house insurance policy has ended, and this year the company want to treble the premium. No claims, changes or problems on my part - its apparently because crime is booming and we live in a country without a functioning government or criminal justice system.

Like many/most insurance companies, they've demanded a long list of security enhancements - yet cannot compute anything thats not on the list but might be of higher security (e.g. I'm heavily penalised for an old French door with inadequate locks, despite the fact its protected by a LPS1175 Level 1 security grille and monitored alarm with police response!).

Hence I could do with an all-in-one domestic insurance package that takes account of the high RFD security in place on the premises.
 

ugly

LE
Moderator
Good luck with that, let us know if you do find someone. My wifes business insurance was for working from home with stock cover. It was about £174 a year but didn't cover the house but covered the stock and liability public and employers.
 

theinventor

Old-Salt
Have you tried the NFU? Not always the cheapest, but I've heard from those that use them that being based out of local offices they tend to understand and apply a bit of common sense when others give it the "computer says no"
 

ugly

LE
Moderator
That £174 covered business not house but included public and employers liability for up to 10 outdoor type events for about £10 million and about £10 to £20K's worth of stock.
 
I'm after an insurance policy suitable in price and scope for a home-based/limited turnover RFD, mainly for the public liability cover.
Normally specialist brokers exist for each trade, if you belong to a trade association ask for recommendations

I believe insurance premium tax has gone up since last yr ?

Do the french doors want a 5 lever lock ? some time its cheaper to make the change than ask for common sense ?
 

Dread

LE
www.simplybusiness.co.uk insures bricks and mortar gunshops , no visits no BS , massively cheaper than BASC and GTA , policy is usually with Zurich.
They don't insure anything: they are a broker… but Zurich are a very strong company with decent products.

By all means get a quote from them, but check who the insurer is before paying: one way of getting cheap insurance is to use unrated insurers (often based outside of the UK and operating on Freedom of Services basis): In the last year 5 of these companies issuing policies in the UK have gone tits-up because they wrote for market share and not for profit. What does that mean? It means that if the insurer was outside of the UK then the chance of you getting any claim paid is almost zero, likewise any chance of you getting any premium back.

While you probably don't need a AA+ rated company, stick to one that shows up on Google with a decent website (so you can see where they are, what they do, how long they've been around) and rating of BBB+ or better (often an insurer's website will show their rating, otherwise Google is again your friend). Cheap insurance is often cheap for a reason: because it's shit. If everything looks ok then have a look at the policy wording: dull as ditch water to read, but spend 5 minutes concentrating on it: you may discover that it is brilliant and covers everything (all risks) or that the only risk covered is your building/clients/employees being hit by a falling Elvis Presley (and then only if from a Lancaster Bomber en route from the Moon). Devil is in the detail.
 
They don't insure anything: they are a broker… but Zurich are a very strong company with decent products.

By all means get a quote from them, but check who the insurer is before paying: one way of getting cheap insurance is to use unrated insurers (often based outside of the UK and operating on Freedom of Services basis): In the last year 5 of these companies issuing policies in the UK have gone tits-up because they wrote for market share and not for profit. What does that mean? It means that if the insurer was outside of the UK then the chance of you getting any claim paid is almost zero, likewise any chance of you getting any premium back.

While you probably don't need a AA+ rated company, stick to one that shows up on Google with a decent website (so you can see where they are, what they do, how long they've been around) and rating of BBB+ or better (often an insurer's website will show their rating, otherwise Google is again your friend). Cheap insurance is often cheap for a reason: because it's shit. If everything looks ok then have a look at the policy wording: dull as ditch water to read, but spend 5 minutes concentrating on it: you may discover that it is brilliant and covers everything (all risks) or that the only risk covered is your building/clients/employees being hit by a falling Elvis Presley (and then only if from a Lancaster Bomber en route from the Moon). Devil is in the detail.
Zurich direct £1500 , through the broker <£600.00
 
They're insuring themselves, not you. My lad woks for a national company and understands the algorthym which hikes people who stay with them next year, just letting the direct debit roll over. Shop around for better, then call your original insurers and ask them to beat it with extra benefits. He saves me £100's of pounds a year on house, contents and workshop filed with other people's gear under repair. Then again, I've only ever claimed once and that was for someone who badly injured themselves, I'm told it could run into £100k but my arse is covered with Lloyds.
 

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