Insurance - Direct Debit to Business Account

[Outofcoffee]

Hi guys,
New to the forum, quick question I hope to get some help on.
For a new contract I am starting with a client I had to take out Indemnity Insurance.
I took this out with Hiscox and set up the Direct Debit on their website with the account details of my Limited Company Business Account.
I plan to expense the monthly insurance cost through my business.
I assume this is okay?
I emailed my Accountant the question but they were slow to answer and I wanted to get on with it.

Many thanks
Outofcoffee

[GB9]

Insurance good. Paid for from business account good. Hiscox, expensive.

[matt2012]

I have PIL from Hiscox and I found them to be very helpful (although haven't had to claim yet) and for me, the cheapest option available (although this was in a package with public liability and employer's liability).

[TheCyclingProgrammer]

TBH, unless you have any special requirements, I haven't found cheaper than QDOS for insurance. Professional indemnity, public liability and employers liability (if you need it - you might not) can be had for around £300. PI alone cost me £147 at last renewal.

You may need specialist PI if you work with US-based clients.

[northernladuk]

I keep seeing the Direct Line ads for this. Anyone tried them? Their home insurance products are excellent.

[kevpuk]

I keep seeing the Direct Line ads for this. Anyone tried them? Their home insurance products are excellent.

They weren't competitive when I last bought PI/PL......QDOS were easily the best price for me.

[Sausage Surprise]

Simply Business for me.
PL £2m cover, PI £500,000 cover for £128.22 through Glenham.

[kevpuk]

PI £500,000 cover

Interesting - all my recent contracts have called for £1m PI.....guess I must be regarded as likely to cause expensive mistakes

[Outofcoffee]

Thanks. This is going to sound quite stupid but I tried to use the Qdos website and I couldn't find how to get a quote.
Qdos Consulting - Taxation and VAT - Employment Law - HR - Insurance - Contractor Insurance - IR35 - PI Insurance
I got the Hiscox insurance from policybee.co.uk it was a cheaper quote than hiscox website (marginally).
Next year I'll go with someone cheaper. Anyone know any linked with cashback websites (quidco etc)?

[northernladuk]

Thanks. This is going to sound quite stupid but I tried to use the Qdos website and I couldn't find how to get a quote.
Qdos Consulting - Taxation and VAT - Employment Law - HR - Insurance - Contractor Insurance - IR35 - PI Insurance
I got the Hiscox insurance from policybee.co.uk it was a cheaper quote than hiscox website (marginally).
Next year I'll go with someone cheaper. Anyone know any linked with cashback websites (quidco etc)?

You are right it does...

Professional Indemnity Insurance - PI Insurance - Professional Indemnity - Qdos Consulting

Why are you buggering about with direct debits for these amounts???