Hello, wonder if anyone has any advice on insurance for a my limited company.
I have submitted a application through a broker for hiscox technology companies cover.
This includes PI, employers insurance, and other things.
The biggie is PI, the guy suggested £1million would be regular cover for someone in my my profession (web design and development), although he did mention the three levels and 1/2 million was quite a bit cheaper, while there was a level about the £1 million
I'm just checking if £1m was necessary ! I'm a small operation, myself carrying out the web work, and my wife carrying out admin duties as an employee. Basically It's unlikely to ever happen - but I'd like to be covered for any legal action against my work. eg an online shop being down and losing revenue etc.
Thanks
MRO
I have submitted a application through a broker for hiscox technology companies cover.
This includes PI, employers insurance, and other things.
The biggie is PI, the guy suggested £1million would be regular cover for someone in my my profession (web design and development), although he did mention the three levels and 1/2 million was quite a bit cheaper, while there was a level about the £1 million
I'm just checking if £1m was necessary ! I'm a small operation, myself carrying out the web work, and my wife carrying out admin duties as an employee. Basically It's unlikely to ever happen - but I'd like to be covered for any legal action against my work. eg an online shop being down and losing revenue etc.
Thanks
MRO
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